Median Age
44 Years
Largest Age Group
55-64 Years
Approximately 15% of Residents
Under 20
24%
Over 65
20%
Palmetto Bay
Palmetto Bay, FL Area Guide
Avg Rent
$2,253
Population
23,179
Renter Mix
22% Rent
Your slice of paradise
Ocean
•
Beach
•
Seaside
•
Tropical
•
Miami
•
Outdoor Activities
•
Shopping
•
History
•
Located about 14 miles south of Miami, Palmetto Bay is a seaside community that quickly brings to mind sand, surf, and sun. Toss on some flip-flops and sunscreen and you're ready to find an apartment near the beach! Palmetto Bay is home to the sprawling Deering Estate, a 444-acre environmental, historic, and archaeological preserve. The preserve offers tours of historic buildings and natural areas, as well as canoe tours and kayak workshops. The Artist Village is contained in the historic buildings and provides events like the Fall Fine Art Exhibit.
Biscayne Bay, located in the Atlantic Ocean, is directly offshore from Palmetto Bay. Biscayne Bay Aquatic Preserves protects 67,000 acres -- all under the ocean. The preserve is a popular destination for snorkeling, sailing, diving, canoeing, sculling, kayaking, windsurfing, and fishing. Zoo Miami, home to roughly 2,000 animals, is just west of Palmetto Bay.
When you aren't relaxing beneath a palm tree on the beach, Palmetto Bay is close to two major shopping malls: Southland Mall, which contains a movie theater and a carousel, and The falls, a large outdoor shopping mall with well-known stores. Golfers can spend the afternoon at Palmetto Golf Course or at nearby Briar Bay Golf Course.
Demographics
Median Household Income
$124,051
Average: $155,553
Education
10,247
Residents Have a Degree
Job Market
12,570
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Palmetto Bay has more homeowners than renters.
Renters
22%
Non-Renters
78%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
40%
Other Education
60%
Rent Trends
As of April 2026, the average apartment rent in Palmetto Bay, FL is $2,048 for a studio, $2,249 for one bedroom, $2,891 for two bedrooms, and $3,712 for three bedrooms. Apartment rent in Palmetto Bay has decreased by -2.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$2,249/month
742 Sq Ft
House
$7,593/month
2,386 Sq Ft
Condo
$2,479/month
928 Sq Ft
Townhome
$3,958/month
1,351 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Palmetto Bay, FL is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Minimal Public Transit
Transit
10
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Dr. Henry E. Perrine Academy Of The Arts
Public
Grades K-5
550 Students
Public
Grades PK-5
740 Students
Public
Grades 6-8
1,098 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Deering Estate
- Bill Sadowski Park
- Montgomery Botanical Center
- Zoo Miami
- Fairchild Tropical Botanic Garden
Commuter Rail
Airports
- Miami International
- Fort Lauderdale/Hollywood International
Top Apartments in Palmetto Bay
Houses for Rent in Palmetto Bay
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.