Apartments for Rent in Palm Bay, FL

Prices and availability in Palm Bay, FL were last updated on 24 May 2026.

The best apartments in Palm Bay, FL are: Madalyn Landing, Malabar Lakes Apartments, Ascent of Palm Bay, 10X Harbour Bay and 767 Aragon Blvd NE.

The average rent in Palm Bay, FL is $1,521.

The price range for a 1-bedroom apartment in Palm Bay, FL is between $1,155 and $2,382.

The price range for a 2-bedroom apartment in Palm Bay, FL is between $1,400 and $3,000.

The price range for a 3-bedroom apartment in Palm Bay, FL is between $1,400 and $2,922.

In Palm Bay 20% of the housing is rented out compared to 80% of homes are owned, according to the most recent Census Bureau estimates. 7% of Palm Bay's apartments are found in large buildings of 50 units or more, 40% are located in smaller apartment complexes with less than 50 units, and 50% are single-family rentals.

The average age of rental buildings in Palm Bay is 27 years old, with 36% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Palm Bay are around 2% of rentals, while 1-bedroom floor plans represent 37% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 47% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.