1,354

Newest Homes for Rent in Palm Bay, FL

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  • /26

    Starting at $1,447 Per Month

    • 1 - 3 Beds

    2331 Commerce Park Dr NE, Palm Bay, FL 32905

    Located in Palm Bay with a world of options for shopping and dining amongst natural coastal surroundings, this 100% smoke-free, pet-friendly community offers the flexible rental lifestyle you desire. Designer features like granite countertops and modern cabinetry will keep you comfortable in your brand new one, two, or three-bedroom apartment home. Convenience to I-95, US-1, and major employers

    Westshore Palm Bay

    (321) 499-9020

    2331 Commerce Park Dr NE, Palm Bay, FL 32905
  • /12

    Starting at $1,970

    Total Monthly Price

    • 1 - 3 Beds

    2700 Malabar Rd, Palm Bay, FL 32907

    Welcome Home to Havens at Palm Bay Reserve!

    Havens at Palm Bay Reserve

    (321) 516-0969

    2700 Malabar Rd, Palm Bay, FL 32907
  • /13

    Starting at $1,321

    Total Monthly Price

    • 1 - 3 Beds

    3350 Wedgewood Dr NE, Palm Bay, FL 32905

    Live Luxury Welcome to Ascent of Palm Bay Apartments, where coastal living meets convenience in Palm Bay, Florida. Adjacent to the Indian River and minutes from Melbourne's stunning beaches, our beautifully landscaped community offers one-, two-, and three-bedroom floor plans with spacious, open-concept living. Enjoy resort-style amenities including a junior Olympic-size swimming pool,

    Ascent of Palm Bay

    (321) 989-6920

    3350 Wedgewood Dr NE, Palm Bay, FL 32905
  • /116

    Starting at $1,515 Per Month

    • 1 - 2 Beds

    205 Valor Dr SE, Palm Bay, FL 32909

    Gorgeous 1-, 2- and 3-bedroom floor plans feature modern interiors, designer inspired lighting, vinyl plank flooring, expansive windows for an abundance of natural light and spectacular gourmet kitchens with granite countertops, convenient islands and stainless-steel appliances.

    The Pointe at Palm Bay

    (833) 377-1988

    205 Valor Dr SE, Palm Bay, FL 32909
  • /12

    Starting at $1,531 Per Month

    • Studio - 3 Beds

    2485 Port Malabar Blvd NE, Palm Bay, FL 32905

    Located along the Indian River Lagoon on the innovative Space Coast, Tides at Palm Bay is a new apartment community where life is meticulously engineered to raise your standards. Maximize your momentum with an elevated, high-performance lifestyle — in your home and in every amenity space. Choose from our collection of intelligently designed studio, one-, two-, and three-bedroom apartments, where

    Tides at Palm Bay

    (321) 341-8043

    2485 Port Malabar Blvd NE, Palm Bay, FL 32905
  • /20

    Starting at $1,384

    Total Monthly Price

    • 1 - 2 Beds

    100-500 Larch Cir NE, Palm Bay, FL 32905

    Discover peaceful waterfront-inspired living at 10X Harbour Bay, a welcoming apartment community in Palm Bay offering spacious one and two-bedroom apartment homes surrounded by lush landscaping and scenic nature preserve views. Featuring open-concept layouts, wood-style flooring, energy-efficient appliances, spacious walk-in closets, and screened-in patios or balconies, 10X Harbour Bay blends

    10X Harbour Bay

    (321) 339-0023

    100-500 Larch Cir NE, Palm Bay, FL 32905
  • /60

    Starting at $1,305 Per Month

    • 1 - 3 Beds

    1000 Palm Place Dr NE, Palm Bay, FL 32905

    Embrace the dreamy Palm Bay lifestyle at The Braxton. With elevated amenities, upgraded in-home finishes, and a coveted location just minutes from the coast, our pet-friendly one, two, and three bedroom apartments in Palm Bay make for an ideal coastal retreat.Delight in the warm atmosphere of our resort-inspired community spaces for the perfect backdrop to your vacation-like lifestyle. The

    The Braxton

    (321) 384-5823

    1000 Palm Place Dr NE, Palm Bay, FL 32905
  • /15

    Starting at $1,459 Per Month

    • 1 - 3 Beds

    2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905

    Aqua Palm Bay Apartments, located within the Bayfront Community Redevelopment District in Palm Bay, is a monumental modern apartment community near the Space Coast. Offering one, two, and three-bedroom apartment homes, Aqua Palm Bay Apartments features four-story mid-rise buildings, which have been selectively situated to maximize views and accessibility to natural areas, and water features

    Aqua Palm Bay

    (321) 499-1588

    2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905
  • /35

    Starting at $1,193 Per Month

    • 1 Bed

    1635 Monterey Dr NE, Palm Bay, FL 32905

    Comfort and convenience come together inside the one bedroom apartments at The Monroe on Monterey, a charming community nestled just minutes from some of Central Florida's most pristine beaches and Florida's space coast. From fully equipped modern kitchens with energy-efficient appliances to washers and dryers, each floor plan brims with features designed to make your everyday routine easier. In

    The Monroe on Monterey

    (321) 341-7265

    1635 Monterey Dr NE, Palm Bay, FL 32905
  • /28

    Starting at $1,440 Per Month

    • 1 - 3 Beds

    2361 Commerce Park Dr NE, Palm Bay, FL 32905

    Now leasing beautifully designed One-, One + Den, Two-, and Three-Bedroom Apartment Homes crafted for comfort, style, and modern living.Perfectly located in the heart of Palm Bay, you'll enjoy being just minutes from the stunning beaches of Florida's Space Coast and the shopping, dining, and charm of Historic Downtown Melbourne.

    Eastshore Palm Bay

    (321) 379-8383

    2361 Commerce Park Dr NE, Palm Bay, FL 32905
  • /41

    Starting at $1,529

    Total Monthly Price

    • 1 - 3 Beds

    1205 Jaslo St SE, Palm Bay, FL 32909

    A secluded oasis like no other, Isla is the newest community to come alive in the Palm Bay area. Located near Interstate 95 and not far from Melbourne, you can indulge your desires in an eclectic variety of shops, restaurants, and country clubs. Enjoy designer finishes in our 1, 2 and 3 bedroom apartment homes, complete with chef-inspired kitchens, private balconies, and large bay windows.

    Isla

    (321) 456-9417

    1205 Jaslo St SE, Palm Bay, FL 32909
  • /76

    Starting at $1,301 Per Month

    • Studio - 3 Beds

    333 Lake In the Woods Dr, Melbourne, FL 32901

    Embrace luxury apartment living in Melbourne, FL at Lake in the Woods Apartments, where a peaceful, resort-inspired setting meets modern comfort. Our pet-friendly apartments feature stylish finishes, vinyl plank flooring, vaulted ceilings, designer lighting, and private lake or wooded views, creating a calm retreat you'll love coming home to. Enjoy high-end community amenities including a

    Lake in the Woods Apartments

    (321) 341-7515

    333 Lake In the Woods Dr, Melbourne, FL 32901
  • /134

    Starting at $1,367 Per Month

    • 1 - 3 Beds

    500 SW Malabar Rd, Palm Bay, FL 32907

    Madalyn Landing Apartments present the best of everything you're looking for in an apartment home. Were convenient to great schools, fine shopping and major thoroughfares in Palm Bay. As an outstanding example of solid concrete construction, Madalyn Landing apartment homes are available in a choice of spacious 1, 2 and 3 bedroom floor plans. Each has a host of popular features and many "extras"

    Madalyn Landing

    (321) 341-5583

    500 SW Malabar Rd, Palm Bay, FL 32907
  • /17

    Starting at $1,269 Per Month

    • 2 Beds

    1923 Pinewood Dr NE, Palm Bay, FL 32905

    Pick an ideal neighborhood with easy access to all that you want and need. Palm Bay Club Rentals is located near dining, retail, groceries, entertainment, and public parks. With easy access to major thoroughfares like Babcock, i95, and Palm Bay Road, commuting is a breeze. Our two-bedroom apartments are set back from the hustle and bustle, tucked away by our beautifully landscaped grounds. Come

    Azara Palm Bay

    (321) 341-8064

    1923 Pinewood Dr NE, Palm Bay, FL 32905
  • /44

    Starting at $1,382

    Total Monthly Price

    • 1 - 3 Beds

    1880 Mogra Cir NE, Palm Bay, FL 32905

    Cozy up to comfort in one of Meri Palm Bay’s 1-, 2-, or 3-bedroom homes. Each floor plan offers room to stretch out with spacious patios or balconies, walk-in closets, and open living spaces. You can relax in style with high-end details adorning every bit of the interiors as well as fresh community amenities. Near Babcock Street, Palm Bay Road, and not far from i95, Meri Palm Bay also gives

    Meri Palm Bay

    (321) 306-0049

    1880 Mogra Cir NE, Palm Bay, FL 32905
  • /30

    Starting at $1,240 Per Month

    • 1 - 3 Beds

    1700 Woodlake Dr NE, Palm Bay, FL 32905

    Woodlake Village offers HUGE one, two and three bedroom Key West Style apartment homes with terrific amenities!

    Woodlake Village

    (321) 341-7440

    1700 Woodlake Dr NE, Palm Bay, FL 32905
  • /25

    Starting at $1,429

    Total Monthly Price

    • 2 - 4 Beds

    154 Daffodil Dr SW, Palm Bay, FL 32907

    Learn more about our current specials! Malabar Cove Apartments in Palm Bay, Florida is conveniently located off I-95 and Malabar Road with immediate access to the Space Coast. Residents can find numerous restaurants, cafes, and shops, offering a diverse range of cuisines and products, all within walking distance. For those seeking

    Malabar Cove Apartments

    (321) 485-7534

    154 Daffodil Dr SW, Palm Bay, FL 32907
  • /38

    Starting at $1,021 Per Month

    • Studio - 1 Bed

    4700 Dixie Hwy NE, Palm Bay, FL 32905

    Experience the Modern Lifestyle.Endless opportunities await you at Indian River Flats. Here, you can effortlessly enjoy, explore, and experience all the community has to offer. Explore our comfortable living spaces and updated interiors, then enjoy our Views of the Indian River and On-site retail. At Indian River Flats, you’ll have everything you need for a cozy and convenient living experience.

    Indian River Flats

    (321) 541-4357

    4700 Dixie Hwy NE, Palm Bay, FL 32905
  • /39

    Starting at $1,291

    Total Monthly Price

    • 1 - 2 Beds

    1018 Malabar Lakes Dr NE, Palm Bay, FL 32905

    Malabar Lakes

    (321) 306-0988

    1018 Malabar Lakes Dr NE, Palm Bay, FL 32905
  • /33

    Starting at $1,598 Per Month

    • 2 Beds

    695 Short Hills Ln, Melbourne, FL 32905

    Welcome to Marin at Harvard in the charming city of Melbourne, Florida, where endless possibilities and a vibrant lifestyle awaits you. Nestled in the heart of the sun-soaked paradise is a stunning apartment that epitomizes the essence of modern coastal living. Marin at Harvard offers the best of both worlds. Enjoy the tranquility of a suburban retreat while being just a short drive away from the

    Marin at Harvard

    (321) 341-6351

    695 Short Hills Ln, Melbourne, FL 32905
  • /28

    $1,894 Per Month

    • 3 Beds
    • 2 Baths
    • 1,475 Sq Ft
    • House for Rent

    1388 Hazel St NW, Palm Bay, FL 32907

    BEAUTIFUL 3BR/2BA open floor plan home in Palm Bay! Featuring upgraded flooring throughout, you'll appreciate having NO CARPETS to deal with! The kitchen offers all stainless steel appliances with granite counter tops for durability and aesthetics! Ceiling fans in each bedroom and in the main living area! Granite counters in the bathrooms! Dual vanity in the master! Automatic garage door opener!

    1388 Hazel St NW, Palm Bay, FL 32907
  • /2

    $1,975

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,437 Sq Ft
    • House for Rent

    2936 Toulon Rd SE, Palm Bay, FL 32909

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (321) 416-1987

    2936 Toulon Rd SE, Palm Bay, FL 32909
  • /8

    $2,065 Per Month

    • 4 Beds
    • 2 Baths
    • 1,838 Sq Ft
    • House for Rent

    2504 Harbison Ave SW, Palm Bay, FL 32908

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2209.90. That covers your base rent, $2065.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    (888) 503-1643

    2504 Harbison Ave SW, Palm Bay, FL 32908
  • /24

    $1,800 Per Month

    • 2 Beds
    • 1 Bath
    • 888 Sq Ft
    • House for Rent

    1526 Magnolia St NE, Palm Bay, FL 32905

    Welcome home to this beautifully furnished 2-bedroom, 1-bath residence in the heart of Palm Bay. Thoughtfully appointed and move-in ready, this charming home offers a comfortable and convenient lifestyle with all utilities included. The bright interior features a functional layout, fully equipped living spaces, and an in-unit washer and dryer for added convenience. Enjoy relaxing mornings on the

    Nicole DeRoy Compass Florida, LLC

    1526 Magnolia St NE, Palm Bay, FL 32905
  • /15

    $1,875 Per Month

    • 3 Beds
    • 2 Baths
    • 1,412 Sq Ft
    • House for Rent

    522 Karney Ave NE, Palm Bay, FL 32907

    This charming brick home offers three bedrooms and two full bathrooms, ideal for families or those looking for extra space. The property includes a two-car garage and a large living room, perfect for gatherings or relaxing evenings. The kitchen features stainless steel appliances and a cozy breakfast nook, making it a great spot for morning coffee. Enjoy the convenience of an indoor laundry room!

    Lyndsey Neel Real Estate Direct of Florida

    522 Karney Ave NE, Palm Bay, FL 32907
  • /24

    $2,300 Per Month

    • 4 Beds
    • 2 Baths
    • 1,787 Sq Ft
    • House for Rent

    1818 Pace Dr NW, Palm Bay, FL 32907

    City Water!! Front Septic!! No HOA!! No CDD!! Standard features of this home are 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, irrigation system, rain gutters, hurricane shutters, water softener system, spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's

    Agent Photo

    Rafael Felipe

    Arium Real Estate, LLC

    (321) 401-3802

    1818 Pace Dr NW, Palm Bay, FL 32907
  • /15

    $1,900 Per Month

    • 3 Beds
    • 2 Baths
    • 1,458 Sq Ft
    • House for Rent

    1699 Givens Ct NW, Palm Bay, FL 32907

    3 bedroom split plan with 2 bathrooms. Primary has a large walk-in closet. Primary bathroom has a shower and double sinks. Hall bath has tub/shower combo. Tile throughout the house with vaulted ceilings. 2 car garage with large yard. Side yard is wide enough for boat or trailer. Inside laundry room with washer/dryer hookup. There is a living room and family room along with a formal dining room

    Tina Murphy Realty World Curri Properties

    1699 Givens Ct NW, Palm Bay, FL 32907
  • /43

    $2,250 Per Month

    • 4 Beds
    • 2 Baths
    • 2,083 Sq Ft
    • House for Rent

    334 Bordeaux Ave NE, Palm Bay, FL 32907

    Spacious floor plan with four bedrooms and two baths. Tile throughout with inside laundry. Owner will consider SMALL dog.

    Karen Gunn-Bardot Space Coast Realty & Inv. LLC

    334 Bordeaux Ave NE, Palm Bay, FL 32907
  • /12

    $2,100 Per Month

    • 4 Beds
    • 2 Baths
    • 1,797 Sq Ft
    • House for Rent

    549 Como Ave NE, Palm Bay, FL 32907

    Wow! Great location and price for this 4 Bedroom 2 Bath home. Centrally located and on a QUIET street. Open great room, kitchen island, and dining room are spacious and protected by tinted IMPACT WINDOWS. In unit laundry room includes washer and dryer. Available now.

    Julia Dietze Housing Market LLC

    549 Como Ave NE, Palm Bay, FL 32907
  • /2

    $2,400 Per Month

    • 4 Beds
    • 2 Baths
    • 1,828 Sq Ft
    • House for Rent

    673 Bremerhaven St NW, Palm Bay, FL 32907

    Like New Ready to Move In Today! NO HOA. Located in a boat and RV-friendly area, this property offers unmatched convenience and flexibility. Pets Allowed! This 4-bedroom, 2-bathroom home spans 1,828 square feet with quartz countertops and tile floors throughout main living and wet areas. The open-concept layout connects the living room, dining area, and kitchen, perfect for entertaining. Large

    Agent Photo

    Jeremy Silber

    Dale Sorensen Real Estate Inc.

    (855) 952-3904

    673 Bremerhaven St NW, Palm Bay, FL 32907
  • /11

    $2,395

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,808 Sq Ft
    • House for Rent

    810 Dunkirk Ave NW, Palm Bay, FL 32907

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (321) 216-9419

    810 Dunkirk Ave NW, Palm Bay, FL 32907
  • /15

    $2,720 Per Month

    • 3 Beds
    • 2 Baths
    • 2,059 Sq Ft
    • House for Rent

    1347 Armory Dr NE, Palm Bay, FL 32907

    Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more… that's the power of purple!This 3-bedroom, 2-bathroom rental home in Palm Bay, FL, could be just what you’re looking for. Outdoor fun is

    (321) 381-4358

    1347 Armory Dr NE, Palm Bay, FL 32907
  • /11

    $2,090 Per Month

    • 4 Beds
    • 2 Baths
    • 1,791 Sq Ft
    • House for Rent

    2858 Digby Rd SE, Palm Bay, FL 32909

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2234.90. That covers your base rent, $2090.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    (321) 471-0072

    2858 Digby Rd SE, Palm Bay, FL 32909
  • /18

    $2,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,780 Sq Ft
    • 3-Bedroom Home in Quiet Palm Bay

    3127 Lowry Blvd SE, Palm Bay, FL 32909

    This inviting 3-bedroom, 2-bathroom home is the perfect blend of modern comfort and convenience. Featuring a sleek kitchen with stainless steel appliances and no carpet throughout, it offers a clean and easy-to-maintain living space. Lawncare is included in the rent, so you can enjoy a well-kept yard without the hassle! Located in a quiet Palm Bay suburb, this home is perfect for everyone. One

    3127 Lowry Blvd SE, Palm Bay, FL 32909
  • /35

    $6,000 Per Month

    • 6 Beds
    • 6.5 Baths
    • Property for Rent

    9235 Babcock St SE, Palm Bay, FL 32909

    Exceptional opportunity to Lease or own a custom-built estate on 7.53 acres in one of the area's fastest-growing corridors. Property is currently for Sale or Lease. This expansive 7,302 sq. ft. home features 6 bedrooms, 6 full baths, and 1 half bath, with most bedrooms offering private en-suite bathrooms. A grand entry staircase creates an impressive first impression, while the spacious layout

    Mary Roman Southern Signature Realty LLC

    9235 Babcock St SE, Palm Bay, FL 32909
  • /34

    $1,750 Per Month

    • 3 Beds
    • 2 Baths
    • 1,346 Sq Ft
    • House for Rent

    1265 Ethel Cir NE, Palm Bay, FL 32905

    Come check out this cozy home that sits on a generously sized piece of land, offering room to spread out and enjoy the outdoors. A large back porch provides the perfect spot to relax with your morning coffee, watch the sunset, or simply enjoy the peaceful surroundings.Inside, you'll find a surprisingly spacious kitchen with plenty of room for cooking, gathering, and everyday living. The

    Michael Ritchie RE/MAX Elite

    1265 Ethel Cir NE, Palm Bay, FL 32905
  • /16

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,552 Sq Ft
    • House for Rent

    2182 Watkins Rd SE, Palm Bay, FL 32909

    Come see the newer 3 bedroom 3 car garage in southwest Palm Bay! This new construction home features modern amenities which include carpet in main living areas and bedrooms. Ample space and a layout that provides a full view into the Great Room. Separate dining room and living room flank the front of the home. Enjoy a large backyard that backs up onto a canal. Make your appointment today!

    Lykim Wengert RE/MAX Elite

    2182 Watkins Rd SE, Palm Bay, FL 32909
  • /13

    $1,775 Per Month

    • 3 Beds
    • 2 Baths
    • 1,281 Sq Ft
    • House for Rent

    2168 Tarrytown Ln NE, Palm Bay, FL 32905

    Check out this great home located in North East Palm Bay. The features of this home include three bedrooms, two bathrooms, kitchen with brand new stainless steel fridge and breakfast bar. Brand new A/C! There is carpet in the living room and main bedroom, and laminate flooring in the other two bedrooms. Make your appointment today!

    Lykim Wengert RE/MAX Elite

    2168 Tarrytown Ln NE, Palm Bay, FL 32905
  • /17

    $2,095 Per Month

    • 4 Beds
    • 2 Baths
    • 1,842 Sq Ft
    • House for Rent

    1530 Paley Cir SE, Palm Bay, FL 32909

    WELCOME TO THIS BEAUTIFUL 4-BEDROOM, 2-BATH RESIDENCE NESTLED ON A QUIET STREET AND DESIGNED FOR COMFORTABLE LIVING. NEUTRAL TILE FLOORING FLOWS THRU-OUT THE OPEN GREAT ROOM FLOOR PLAN, COMPLEMENTED BY GENEROUS FORMAL AND CASUAL DINING SPACES PERFECT FOR EVERYDAY LIVING AND ENTERTAINING. THE STYLISH KITCHEN FEATURES CONTEMPORARY GRAY CABINETRY, A QUARTZ ISLAND, STAINLESS STEEL APPS, AND AN OPEN

    Cheryl Smith Cheryl Smith Realty, Inc

    1530 Paley Cir SE, Palm Bay, FL 32909
  • /16

    $2,300 Per Month

    • 4 Beds
    • 2 Baths
    • 1,620 Sq Ft
    • House for Rent

    3198 Wessel Ave SE, Palm Bay, FL 32909

    Beautiful virtually new home - single resident lived in part time for only two years. LVP flooring thoughout common areas and office. 9' or vaulted ceilings throughout, recessed lighting, custom light fixtures and fans. Kitchen has large island, pantry, 42'' solid wood shaker cabinets with soft close/full extension drawers and custom hardware, quartz countertops and backsplash and upgraded SS

    Gina Rumasuglia Charles Rutenberg Rlty Ft Laud

    3198 Wessel Ave SE, Palm Bay, FL 32909

Showing Results 1 - 40, Page 1 of 11

Frequently Asked Questions

How much does it cost to rent a home in Palm Bay, FL?
The median rent for a home in Palm Bay, FL is $1,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Palm Bay, FL?
To comfortably afford the median rent in Palm Bay, FL, a household needs to earn roughly $76,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,900 per month in Palm Bay, FL, renters typically need to show $5,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Palm Bay, FL?
In Palm Bay, FL, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Palm Bay, FL are best for renting a home?
The best neighborhood for renting in Palm Bay, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Bayside Lakes, Port Malabar, River Lakes, June Park and Floridana Beach, each with its own character and price range.

Rental Trends in Palm Bay, FL

Rental Home Trends

Number of Homes for Rent
415
Median Rent
$1,900
Median Single Family Home Rent
$2,100
Median Townhouse Rent
$1,550
Median Condo Rent
$1,400
How to Rent a Home