Rental market snapshot for Palm Bay, Florida

Palm Bay, Florida Rental Property Market Overview

Palm Bay, Florida is a city located in Brevard County on the east coast of the state. It is the largest city in the county, with a population of 122,942 as of 2021, according to the US Census. Palm Bay is known for its beautiful beaches, parks, and outdoor activities, as well as its vibrant culture and diverse population. The city is home to a variety of businesses, restaurants, and attractions, making it a great place to live and visit.

The average rent for an apartment in Palm Bay is $1,721. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.2% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Palm Bay Florida | Cost of Living

  • The most expensive ZIP Code in Palm Bay is 32908 with an average price of $2,110
  • The cheapest ZIP Code in Palm Bay is 32905 with an average price of $1,533

Palm Bay ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
132908$2,110
232909$2,025
332907$1,850
432905$1,749

Live near Palm Bay, Florida's Top Sights and Attractions

Knecht Park is a beautiful outdoor area located in Palm Bay, Florida. It features a large lake, walking trails, and plenty of open space for visitors to explore. The park also has a playground, picnic areas, and a pavilion for special events. Visitors can also enjoy fishing, canoeing, and kayaking on the lake. With its lush greenery and tranquil atmosphere, Knecht Park is the perfect place to relax and enjoy nature.

Palm Bay Regional Park is a sprawling outdoor recreation area located in sunny Florida. It features a variety of activities for visitors to enjoy, including a large lake for fishing, a playground, and a nature trail. There are also picnic areas and pavilions, as well as a disc golf course. The park also offers a variety of sports fields, including baseball, softball, and soccer. The park is also home to a variety of wildlife, making it a great spot for bird watching and wildlife viewing.

Veterans Memorial Park is a tranquil, picturesque park located in a coastal town. The park features a memorial wall honoring veterans, a large lake with a fountain, a playground, and a walking trail. There are also picnic tables and benches throughout the park, making it a great spot for a family outing. The park is surrounded by lush vegetation and is a great place to relax and take in the beauty of nature.

Fred Lee Park is a picturesque outdoor area located on the banks of a tranquil river. Visitors can enjoy a variety of activities, including fishing, kayaking, and canoeing. There are also plenty of trails for hiking and biking, as well as picnic areas and playgrounds for the kids. The park also features a large pavilion with a stage for outdoor concerts and events.

Liberty Park is a large outdoor recreational area located in Palm Bay, Florida. It features a variety of activities for visitors to enjoy, including a playground, picnic areas, a walking trail, and a lake with a fishing pier. There are also several sports fields, including baseball, softball, and soccer, as well as a skate park and a disc golf course. The park also has a large pavilion with restrooms, and a concession stand.

Boundary Canal Park is a beautiful outdoor destination located in Palm Bay, Florida. It features a large lake, lush green grass, and plenty of trees and foliage. Visitors can enjoy a variety of activities, including fishing, kayaking, canoeing, and bird watching. There are also several picnic areas, a playground, and a walking trail. The park is a great place to relax and take in the natural beauty of the area.

West Oaks Park is a sprawling outdoor recreation area located in Palm Bay, Florida. It features a variety of activities for visitors to enjoy, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a variety of wildlife, including birds, turtles, and fish. Visitors can also take advantage of the park's fishing pier, boat ramp, and canoe launch. With its beautiful scenery and abundance of activities, West Oaks Park is a great place to spend a day outdoors.

Inspiration Park is a large outdoor recreation area located in a beautiful natural setting. It features a variety of activities for all ages, including a playground, walking trails, picnic areas, a fishing pier, and a boardwalk. The park also has a large lake with a beach, a boat ramp, and a kayak launch. There are also several pavilions and shelters available for rent, perfect for hosting events or just enjoying a day outdoors.

Twin Lakes Park is a sprawling outdoor recreational area located in Palm Bay, Florida. It features two large lakes, a variety of walking trails, picnic areas, and a playground. There are also several sports fields, including a baseball diamond, basketball court, and soccer field. The park also offers a variety of activities, such as fishing, kayaking, canoeing, and paddle boating. The park is a popular spot for bird watching, as it is home to a variety of species. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movie screenings.

Riviera Park is a lush, tropical oasis located on the Indian River Lagoon. It features a variety of outdoor activities, including a boat ramp, fishing pier, kayak launch, picnic pavilions, and a playground. The park also has a boardwalk that winds through the mangroves and offers stunning views of the lagoon. Visitors can also explore the nature trails and observe the local wildlife.

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Palm Bay, Florida area median rent change by ZIP Code map

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How does Palm Bay compare to other cities in Florida ?

citymedian price
Auburndale$1,950
Freeport$2,145
Winter Haven$1,850
Panama City Beach$1,875
Ellenton$2,280
Wilton Manors$3,035
Niceville$2,075
Groveland$1,895
Winter Springs$2,030
Sebring$1,475

Average household income in Palm Bay area graph - US Census

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The median household income in Palm Bay in 2021 was $52,435. This represents a 17.1% change from 2011 when the median was $44,768.

#categorypercent
0Less than $10,0004.8%
1$10,000 to $14,9994.0%
2$15,000 to $19,9994.5%
3$20,000 to $24,9996.2%
4$25,000 to $29,9995.2%
5$30,000 to $34,9997.0%
6$35,000 to $39,9995.9%
7$40,000 to $44,9995.2%
8$45,000 to $49,9994.5%
9$50,000 to $59,99911.0%
10$60,000 to $74,99913.0%
11$75,000 to $99,99911.7%
12$100,000 to $124,9998.5%
13$125,000 to $149,9992.7%
14$150,000 to $199,9992.8%
15$200,000 or more3.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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