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Rental Market Trends in Palmetto, FL

What is the average rent in Palmetto, FL?

$1,696/month

Average Rent

762 Sq Ft

Average Apartment Size

-5%

Decrease in the Last Year

As of July 2025, the average rent in Palmetto, FL is $1,696 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Palmetto rent prices are 4% higher than the national average. When you rent an apartment in Palmetto, you can expect to pay about per month for a studio, $1,696 for a one-bedroom apartment, and around $1,854 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,380 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,696/month
762 Sq Ft
Two Bedroom
$1,854/month
1,030 Sq Ft
Three Bedroom
$2,380/month
1,339 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,099/month
985 Sq Ft
Three Bedroom
$2,586/month
1,614 Sq Ft
Four Bedroom
$2,710/month
2,254 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,529/month
1,417 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,140/month
1,242 Sq Ft
Three Bedroom
$2,448/month
1,713 Sq Ft

How much has average rent changed in Palmetto, FL?

In the past year, rent has decreased by 5%, which averages out to $85 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Palmetto, FL
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Palmetto, FL
Percentage*
Rent Range
0% Below $700/month
33% $700 - $1,000/month
0% $1,001 - $1,500/month
42% $1,501 - $2,000/month
25% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Palmetto?

Based on current rent prices, Palmetto/Ellenton and Artisan Lakes" are the most affordable neighborhoods in Palmetto.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Palmetto/Ellenton
$1,883/month
780 Sq Ft
Artisan Lakes
$2,011/month
759 Sq Ft

What are the most expensive neighborhoods in Palmetto?

Based on current rent prices, Artisan Lakes and Palmetto/Ellenton" are the most expensive neighborhoods in Palmetto.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Artisan Lakes
$2,011/month
759 Sq Ft
Palmetto/Ellenton
$1,883/month
780 Sq Ft

Which Palmetto neighborhoods have the most rentals available?

The neighborhoods in Palmetto with the most apartments available are Palmetto/Ellenton and Artisan Lakes" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Palmetto/Ellenton
$1,883/month
780 Sq Ft
Artisan Lakes
$2,011/month
759 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Palmetto, FL?

Because the average rent in Palmetto is $1,696, you’ll want to make about $5,653 per month or $67,836 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.

City

Palmetto, FL

733 Available Apartments for Rent

Search for Nearby Apartments

How does Palmetto, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Palmetto, 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.

Explore the Area Guide for Palmetto, FL

Apartment Averages

Palmetto/Ellenton

Palmetto, FL

Artisan Lakes

Palmetto, FL

Studio
-
-
One Bedroom
$1,704/month
-
Two Bedroom
$1,899/month
-
Three Bedroom
$2,407/month
-
Search
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Nearby City Rent Trends

  • Bradenton Average Rent

Apartment communities in Palmetto we think you'll love

Stafford at Artisan Lakes

Stafford at Artisan Lakes

6210 Terra Lago Cir,
Palmetto, FL 34221

1-3 Beds | $1,581 - $3,090

The Carlton at Robinson Gateway

The Carlton at Robinson Gateway

6730 Moccasin Wallow Rd,
Palmetto, FL 34221

1-3 Beds | $1,574 - $2,649

Gateway Commons Apartments

Gateway Commons Apartments

9650 52nd Ave E,
Palmetto, FL 34221

1-3 Beds | $1,615 - $2,402

Yardly Artisan Lakes

Yardly Artisan Lakes

5020 Cedar Leaf Cir,
Palmetto, FL 34221

1-2 Beds | $1,950 - $2,400

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United States Florida Palmetto Rental Trends

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.

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Equal Housing Opportunity