Palm Bay, FL: 58 apartments available for rent

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Last updated June 28 at 12:36AM
2060 Agora Circle
Palm Bay
Palm Bay, FL
Updated June 27 at 3:26AM
2 Bedrooms
$700
662 Rangewood Drive
Fairway Crossings at Bayside Lakes
Palm Bay, FL
Updated June 15 at 5:13AM
3 Bedrooms
$1,395
299 Triana Avenue
Palm Bay
Palm Bay, FL
Updated June 7 at 10:54PM
3 Bedrooms
$1,200
251 Blossom Lane NE
Palm Bay
Palm Bay, FL
Updated June 8 at 10:57AM
3 Bedrooms
$950
1376 PACE DRIVE NW
Palm Bay
Palm Bay, FL
Updated June 15 at 11:21PM
2 Bedrooms
$1,350
1572 Cass Avenue NW
Palm Bay
Palm Bay, FL
Updated June 27 at 9:11AM
3 Bedrooms
$1,200
1411 Sheafe Avenue
Port Malabar Country Club
Palm Bay, FL
Updated June 2 at 10:57PM
3 Bedrooms
$1,150
787 Isar Avenue
Palm Bay
Palm Bay, FL
Updated June 1 at 12:18PM
3 Bedrooms
$1,195
2678 Feise Avenue SE
Palm Bay
Palm Bay, FL
Updated June 22 at 9:26PM
3 Bedrooms
$1,400
1440 Malibu Circle NE #111
Port Malabar Country Club
Palm Bay, FL
Updated June 24 at 7:55AM
3 Bedrooms
$1,100
343 Vin Rose Circle SE
Palm Bay
Palm Bay, FL
Updated June 24 at 7:57AM
3 Bedrooms
$1,295
778 Isle Royale Avenue
Palm Bay
Palm Bay, FL
Updated June 17 at 10:49AM
3 Bedrooms
$1,500
1105 Dallam Avenue
Palm Bay
Palm Bay, FL
Updated June 19 at 2:26AM
3 Bedrooms
$1,200
1855 Seagrape Street
Palm Bay Colony
Palm Bay, FL
Updated April 29 at 4:03AM
2 Bedrooms
$950
2538 FLEMING AVENUE SW
Palm Bay
Palm Bay, FL
Updated June 7 at 9:42AM
3 Bedrooms
$1,360
297 Butler Avenue
Palm Bay
Palm Bay, FL
Updated June 19 at 2:25AM
4 Bedrooms
$1,375
1984 Gloria Circle
Palm Bay
Palm Bay, FL
Updated June 27 at 11:22AM
4 Bedrooms
$1,400
1064 Helena Avenue
Palm Bay
Palm Bay, FL
Updated June 27 at 3:25AM
3 Bedrooms
$1,300
297 Butler Ave NE
Palm Bay
Palm Bay, FL
Updated June 24 at 8:06AM
4 Bedrooms
$1,500
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City Guide
Palm Bay
Moving to Palm Bay

Palm Bay, Florida offers a variety of communities with a solid mix of single family homes, apartments, and condominiums. Many of the communities within Palm Bay are planned, offering easy walkability within neighborhoods.

Neighborhoods

If you move to Palm Bay, you might want to know more about the neighborhoods in town. Read more to find out where the best for you to end up is.

Fallon Blvd NE / Babcock St NE: This neighborhood offers many apartment homes for rent. Rents are lower here than in 48% of Florida neighborhoods, making this an economical rental location. Suburban in feel, most of the houses were built from 1970 to the present. A commute of no more than fifteen to thirty minutes.

Malabar Rd NW / Jupiter Blvd SW: Even more of a bargain in terms of rental pricing. Here your apartment search will find single family homes and a mix of small apartment complexes and high rise structures. This suburban neighborhood is less populated than other parts of Palm Bay.

Babcock St SE / Agnes Ave SE: This is asought after neighborhood with newer homes. This area has a strongly suburban feel.

Glendale Ave NW / Pace Dr NW: Here too a mix a single family homes and apartments, all built after 1970, make up this neighborhood. In general, lower rents than in other portions of town.

City Center: With beach proximity and many stores and cafes in this part of town. Rents here are very reasonable, and properties range in age from 1940 to 1999. Single family homes, apartments, and many mobile homes are all found as housing options. Located right on the bay, if youre looking for easy access to your fishing pole or your sail boat, this is the spot.

Living in Palm Bay

If you like warm temperatures, ocean breezes, and easy proximity to a string of lovely white sand beaches, Palm Bay is an excellent location. Golfing, tennis, and boating are all regular activities, year round. Anglers are thrilled with the large mouth bass easily catchable in Palm Bays stick marsh. And the Turkey Creek Sanctuary plays host to turtles, alligators, and many migratory and local birds. Kayaking down the creek is common past time.

The entire city covers a large area, over sixty eight miles, and is laid out in a grid of Northwest, Northeast, Southwest, and Southeast. Most urban, with the highest density of shops, restaurants, and apartment complexes, is the Northeast area of town. In contrast, the Southwest is nearly rural, with a section of Bayside Lakes contained in this quadrant. Served by both US 1 and Interstate 95, Palm Bay is the nineteenth largest town in Florida.

There's a number of parks - including paintball and skateboarding parks. And, the towns proximity to open spaces from the beach and the bay to the Turkey Creek Sanctuary makes this a naturally attractive town. With many apartment homes, and three bedroom houses for rent, your apartment search will turn up a large variety of options.

From jogging and walking trails to a nature center rife with local exhibits, the Turkey Creek Sanctuary and recreation area offers one hundred and thirty acres of nature. Canoe and kayak access gives residents the chance to get up close and personal with manatees, alligators, and turtles, also known as Florida cooters. Above the water line, ospreys and owls are frequent flyers. You can also enjoy a one mile mountain bike trail that connects out of the sanctuary to an additional eight mile access. A nearly two mile boardwalk leads visitors through hammock and pine scrub. At the Sanctuarys' Margaret Hames Nature Center, educational programs focusing on the environment are offered.

Sports are also big here, in addition to nature - flag football, basketball, and softball. Yoga, meditation, and aerobics classes are offered throughout the parks and recreation auspices. You can enjoy several skateboard parks, and fishing and sailing are major pastimes.

Rent Report
Palm Bay

June 2017 Palm Bay Rent Report

Welcome to the June 2017 Palm Bay Rent Report. In this report, we'll evaluate trends in the Palm Bay rental market, including comparisons to cities throughout the state and nation.

Palm Bay rents increase sharply over the past month

Palm Bay rents have increased 0.7% over the past month, and are up slightly by 1.2% in comparison to the same time last year. Currently, median rents in Palm Bay stand at $820 for a one-bedroom apartment and $1,030 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Palm Bay's year-over-year rent growth lags the state average of 2.7%, as well as the national average of 2.6%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Palm Bay, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. Florida as a whole has logged a 2.7% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the rest of the state, Pembroke Pines is the most expensive of all Florida's major cities outside the Palm Bay metro, with a median two-bedroom rent of $2,390; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-1.3%).
  • Pembroke Pines, Port St. Lucie, and St. Petersburg have all experienced year-over-year growth above the state average (5.3%, 4.7%, and 4.2%, respectively).

Palm Bay rents more affordable than many similar cities nationwide

Rent growth in Palm Bay has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Palm Bay is still more affordable than most comparable cities across the country.

  • Palm Bay's median two-bedroom rent of $1,030 is below the national average of $1,150. Nationwide, rents have grown by 2.6% over the past year.
  • While rents in Palm Bay remained moderately stable this year, similar cities saw increases, including Seattle (+5.2%), Phoenix (+4.9%), Dallas (+3.2%); note that median 2BR rents in these cities go for $1,660, $1,020, and $1,090 respectively.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.