Palmetto

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Palmetto, FL Area Guide

Avg Rent

$1,651

Population

17,918

Renter Mix

32% Rent

A waterfront community brimming with Old Florida charm

Suburban Affordable Historic Riverside Coastal Scenic Quiet

Situated about halfway between Saint Petersburg and Sarasota, Palmetto is a quiet suburb brimming with small-town charm. The Palmetto Historic District serves as the city’s quaint downtown area, offering an array of mom-and-pop shops and eateries in colorful, historic storefronts. Palmetto’s small-town feel is also furthered by a strong sense of community, which is fostered by regular events like the DeSoto Seafood Festival, A Taste of Manatee, and Movies in the Park.

Palmetto provides a wide variety of rentals, from waterfront apartments to Old Florida bungalows and everything in between. Most Palmetto rentals are within minutes of beautiful waterfront views, with the city bordering Terra Ceia Bay as well as the Manatee River. Shopping options abound near the community, with Red Barn Plaza Flea Market and Ellenton Premium Outlets both just a short drive away. Getting around from Palmetto is easy with convenience to U.S. Highway 301 in addition to Interstates 75 and 275.

Demographics

Median Household Income

$52,849

Average: $78,426

Education

3,990

Residents Have a Degree

Job Market

7,438

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

47 Years

Largest Age Group

60-69 Years

Approximately 14% of Residents

Under 20

21%

Over 65

28%

Housing Distribution

Palmetto has more homeowners than renters.

Renters
32%
Non-Renters
68%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
17%
Other Education
83%

Rent Trends

As of April 2026, the average apartment rent in Palmetto, FL is $1,651 for one bedroom, $1,825 for two bedrooms, and $2,387 for three bedrooms. Apartment rent in Palmetto has increased by 0.3% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,651/month
755 Sq Ft
House
$2,845/month
1,825 Sq Ft
Condo
$2,816/month
1,449 Sq Ft
Townhome
$2,140/month
1,446 Sq Ft
See Rental Market Trends in Palmetto, FL

Schools

Palmetto Charter School

Public

Grades PK-8

418 Students

Imagine Charter School At North Manatee

Public

Grades PK-8

682 Students

Palmetto Elementary School

Public

Grades PK-5

570 Students

Virgil Mills Elementary School

Public

Grades PK-5

818 Students

James Tillman Elementary Magnet School

Public

Grades PK-5

520 Students

Palmetto Charter School

Public

Grades PK-8

418 Students

Imagine Charter School At North Manatee

Public

Grades PK-8

682 Students

Manatee School For The Arts

Public

Grades 6-12

1,968 Students

Buffalo Creek Middle School

Public

Grades 6-8

1,127 Students

Palm View Elementary School

Public

Grades PK-8

653 Students

Manatee School For The Arts

Public

Grades 6-12

1,968 Students

Palmetto High School

Public

Grades 9-12

2,100 Students

Manatee Virtual Instruction Program

Public

Grades K-12

13 Students

The Port Academy

Public

Grades 9-12

13 Students

Points of Interest

Parks and Recreation

  • South Florida Museum
  • Parker Manatee Aquarium
  • Bishop Planetarium
  • Gamble Plantation Historic State Park
  • Emerson Point Preserve

Commuter Rail

Airports

  • Sarasota/Bradenton International
  • St Pete-Clearwater International

Top Apartments in Palmetto

Houses for Rent in Palmetto

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.