Tides at Palm Bay
2485 Port Malabar Blvd NE,
Palm Bay, FL 32905
Studio - 3 Beds | $1,564 - $4,500
Rental Market Trends in Palm Bay, FL
Updated July 2026
The average rent in Palm Bay, FL is $1,482/month.
Rent in Palm Bay is roughly equal to the national average rent of of $1,662/month.
$1,482/month
Average Rent
681 Sq Ft
Average Size
-0.8%
Change / Year
1,703
Available Apartments
Palm Bay rent varies by unit size and layout:
- Studio apartments in Palm Bay average $1,175 per month.
- One-bedroom apartments in Palm Bay average $1,482 per month.
- Two-bedroom apartments in Palm Bay average $1,658 per month.
- Three-bedroom apartments in Palm Bay average $1,955 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Palm Bay, FL?
In the past year, rent has decreased by 0.8%, which averages out to $11 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Palm Bay, FL
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
8%
$700 - $1,000/month
38%
$1,001 - $1,500/month
42%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Palm Bay, FL?
Because the average rent in Palm Bay is $1,482, you’ll want to make about $4,940 per month or $59,280 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Palm Bay, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Palm Bay, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Palm Bay Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Palm Bay?
The average rent in Palm Bay is $1,482 per month, which is 10.8% lower than the national average of $1,662.
What is the average rent for a house in Palm Bay?
The average rent for a house in Palm Bay, FL is $2,031 per month.
What is the average rent for a townhome in Palm Bay?
The average rent for a townhome in Palm Bay, FL is $1,621 per month.
What is the average rent for a condo in Palm Bay?
The average rent for a condo in Palm Bay, FL is $1,436 per month.
Are rents going up or down in Palm Bay?
Rents in Palm Bay, FL are decreasing, with prices down 0.8% year-over-year and $11 less per month.
What rent range is most common in Palm Bay?
In Palm Bay, FL, 42% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.