Alton Palmetto
2307 89th St E,
Palmetto, FL 34221
Studio - 3 Beds | $1,456 - $2,482
Rental Market Trends in Palmetto, FL
Updated July 2026
The average rent in Palmetto, FL is $1,650/month.
Rent in Palmetto is roughly equal to the national average rent of of $1,663/month.
$1,650/month
Average Rent
753 Sq Ft
Average Size
+0.5%
Change / Year
1,267
Available Apartments
Palmetto rent varies by unit size and layout:
- Studio apartments in Palmetto average $1,473 per month.
- One-bedroom apartments in Palmetto average $1,650 per month.
- Two-bedroom apartments in Palmetto average $1,851 per month.
- Three-bedroom apartments in Palmetto average $2,406 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 Palmetto, FL?
In the past year, rent has increased by 0.5%, which averages out to $8 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Palmetto, FL
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
6%
$1,001 - $1,500/month
61%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Palmetto?
Based on current rent prices, Sun Key Village and Palmetto/Ellenton" are the most affordable neighborhoods in Palmetto.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Palmetto?
Based on current rent prices, Palmetto/Ellenton and Sun Key Village" are the most expensive neighborhoods in Palmetto.
Neighborhood
Average Rent
Average Sq Ft
Which Palmetto neighborhoods have the most rentals available?
The neighborhoods in Palmetto with the most apartments available are Palmetto/Ellenton and Sun Key Village" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Palmetto, FL?
Because the average rent in Palmetto is $1,650, you’ll want to make about $5,500 per month or $66,000 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, 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.
View the Palmetto Area GuideStudio
-
$1,472/month
One Bedroom
-
$1,679/month
Two Bedroom
-
$1,991/month
Three Bedroom
-
$2,481/month
Compare 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 Palmetto?
The average rent in Palmetto is $1,650 per month, which is 0.8% lower than the national average of $1,663.
What is the average rent for a house in Palmetto?
The average rent for a house in Palmetto, FL is $2,602 per month.
What is the average rent for a townhome in Palmetto?
The average rent for a townhome in Palmetto, FL is $1,930 per month.
Are rents going up or down in Palmetto?
Rents in Palmetto, FL are increasing, with prices up 0.5% year-over-year and $8 more per month.
What rent range is most common in Palmetto?
In Palmetto, FL, 61% 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.