Indigo Palmetto Bay
9420-9500 SW 174th St,
Palmetto Bay, FL 33157
Studio - 3 Beds | $2,169 - $4,046
Rental Market Trends in Palmetto Bay, FL
What is the average rent in Palmetto Bay, FL?
$2,342/month
Average Rent
742 Sq Ft
Average Apartment Size
-5.7%
Decrease in the Last Year
As of June 2025, the average rent in Palmetto Bay, FL is $2,342 per month. This is 44% higher than the national average rent price of $1,627/month, making Palmetto Bay one of the most expensive cities in the US. When you rent an apartment in Palmetto Bay, you can expect to pay about $2,203 per month for a studio, $2,342 for a one-bedroom apartment, and around $2,898 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,794 or more.
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How much has average rent changed in Palmetto Bay, FL?
In the past year, rent has decreased by 5.7%, which averages out to $134 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
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2024
2025
Rent Ranges in Palmetto Bay, FL
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Palmetto Bay?
Based on current rent prices, Franjo Park, Palmetto Bay South and Orchard Estates are the most affordable neighborhoods in Palmetto Bay.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Palmetto Bay?
Based on current rent prices, Orchard Estates, Palmetto Bay South and Franjo Park are the most expensive neighborhoods in Palmetto Bay.
Neighborhood
Average Rent
Average Sq Ft
Which Palmetto Bay neighborhoods have the most rentals available?
The neighborhoods in Palmetto Bay with the most apartments available are Palmetto Bay South, Franjo Park and Orchard Estates .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Palmetto Bay, FL?
Because the average rent in Palmetto Bay is $2,342, you’ll want to make about $7,806 per month or $93,672 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 Palmetto Bay, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Palmetto 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.
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Nearby City Rent Trends
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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 June 2025.
* Percentages may not total 100 due to rounding.