Rental prices in Palm Beach, Palm Beach County, FL have decreased by 2.48% over the past year. The average rent moved from $11,284 to $11,004.
Compared to the national average rent of $1,741, the average rent in Palm Beach, Palm Beach County, FL is $11,004.
The average monthly rent of apartments in Palm Beach, Palm Beach County, FL is $11,004.
About 87% of apartment rents in Palm Beach, Palm Beach County, FL range between > $3,000. Around 3% of Palm Beach’s apartments are in the $2,501-$3,000 price range. 10% of apartments are priced between $2,001-$2,500.
The largest share of rentals in Palm Beach, Palm Beach County, FL (87%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
In Palm Beach, 17% of the residents are renting compared to 83% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 46% of Palm Beach's rentals, 42% are small-scale complexes with under 50 units, and 11% are single-family rentals.
Palm Beach, Florida, positioned on the southeastern coast, enjoys a strategic location that is not far from other major cities such as Miami and Fort Lauderdale. It's known for its affluent residential areas and is frequently noted for its luxury real estate market. The local economy is heavily supported by industries related to tourism, real estate, and retail.
The town offers several well-maintained parks and recreational areas, such as the Lake Trail, providing scenic views of the Intracoastal Waterway, and the Phipps Ocean Park, which features pristine beaches and tennis facilities. Palm Beach is also recognized for its rich arts scene, including the Flagler Museum and the Society of the Four Arts Gardens, both of which offer cultural enrichment and historical insights.
The neighborhoods in Palm Beach are as diverse as their residents, ranging from the historic grandeur of the estates in the Estate Section to the more contemporary condominiums in the South End. The local cuisine reflects this diversity, with a variety of dining options available, including upscale seafood restaurants and cozy bistros offering international dishes.
Education in Palm Beach is well catered for by the Palm Beach Public School, which is known for its strong educational programs and community involvement.
In Palm Beach, renters can find a wide range of housing options. The architectural styles vary significantly from Mediterranean Revival to Modernist condominiums, each adding unique character to the neighborhoods. The Estate Section features luxury homes with ocean views, popular among high-net-worth individuals and celebrities, while South End, closer to public amenities and beaches, attracts both young professionals and retirees.
Typical rental properties in Midtown Palm Beach are often found in historic buildings offering charming apartments with easy access to local shops and the arts district. This area is particularly attractive to those who appreciate a mix of traditional architecture and a close-knit community atmosphere.
Palm Beach is home to several upscale shopping venues, most notably along Worth Avenue, known for its designer boutiques and luxury shops. The Royal Poinciana Plaza is another major shopping center, offering a mix of high-end retail stores and dining options.
For a more local shopping experience, Antique Row provides a collection of shops specializing in antiques and vintage finds. Common grocery stores in the area include Publix and Trader Joe’s, while local retail brands like Pioneer Linens offer specialized products that cater to the upscale market of Palm Beach.
Public transportation in Palm Beach includes Palm Tran, a bus service that connects various parts of Palm Beach County. The town is also served by Brightline trains which provide quick access to nearby cities like Fort Lauderdale and Miami.
For routes within the town, bicycles and scooters are popular among both locals and visitors, often used for leisurely rides along the scenic paths like the Lake Trail. Palm Beach International Airport, located nearby in West Palm Beach, handles both regional and international flights, facilitating travel in and out of the area for residents and visitors alike.
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