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29 1 Bedroom Apartments for rent in Palm Bay, FL

Last updated October 20 at 7:17am UTC
Windwood Apartments
1530 Windwood Dr NE
Palm Bay, FL
Updated October 19 at 12:36pm UTC
1 Bedroom
$783
Pavilions at Monterey
1635 Monterey Dr
Palm Bay, FL
Updated October 17 at 2:40pm UTC
1 Bedroom
$840
Palm Side
210 Interchange Dr NE
Palm Bay, FL
Updated October 19 at 12:37pm UTC
1 Bedroom
$817
1698 Sunny Brook Lane
Port Malabar Country Club
Palm Bay, FL
Updated October 18 at 2:18pm UTC
1 Bedroom
$850
Results within 1 miles of Palm Bay, FL
Landmark at Ocean Breeze Apartment Homes
1245 Palm Bay Rd NE
Melbourne, FL
Updated October 20 at 7:04am UTC
1 Bedroom
$887
Princeton Parc Apartment Homes
4714 Crosswind Ct
Melbourne, FL
Updated October 20 at 5:51am UTC
1 Bedroom
$1,225
Park at Via Velino
3151 S Babcock St
Melbourne, FL
Updated October 20 at 7:17am UTC
1 Bedroom
$885
Results within 5 miles of Palm Bay, FL
2100 Franklin Street
Palm Gardens
Melbourne, FL
Updated October 18 at 11:44pm UTC
1 Bedroom
$925
1801 Pine Street
Melbourne
Melbourne, FL
Updated October 18 at 11:43pm UTC
1 Bedroom
$750
269 SAN PAULO CT UNIT 17-269
Melbourne
Melbourne, FL
Updated October 10 at 9:42am UTC
1 Bedroom
$975
1209 E New Haven Avenue
Melbourne
Melbourne, FL
Updated October 9 at 11:03pm UTC
1 Bedroom
$1,150
419 Ocean Avenue
Melbourne Beach
Melbourne Beach, FL
Updated September 17 at 10:22pm UTC
1 Bedroom
$1,200
Results within 10 miles of Palm Bay, FL
2975 NE Indian River Drive
Palm Bay Estates Mobile Home Park
Palm Bay, FL
Updated September 7 at 2:54am UTC
1 Bedroom
$785
405 N Miramar Avenue
Indialantic by The Sea
Indialantic, FL
Updated September 19 at 5:24am UTC
1 Bedroom
$1,200

October 2018 Palm Bay Rent Report

Welcome to the October 2018 Palm Bay Rent Report. Palm Bay rents declined over the past month. In this report, we'll evaluate trends in the Palm Bay rental market, including comparisons to cities throughout the state and nation.

View full Palm Bay Rent Report
Rent Report
Palm Bay

October 2018 Palm Bay Rent Report

Welcome to the October 2018 Palm Bay Rent Report. Palm Bay rents declined over the past month. 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 declined significantly over the past month

Palm Bay rents have declined 0.5% over the past month, but have increased slightly by 1.0% in comparison to the same time last year. Currently, median rents in Palm Bay stand at $810 for a one-bedroom apartment and $1,030 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in June. Palm Bay's year-over-year rent growth lags the state average of 1.4%, but exceeds the national average of 0.9%.

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. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,400; of the 10 largest cities in the state that we have data for, Fort Lauderdale, where a two-bedroom goes for $1,440, is the only major city to see rents fall year-over-year (-0.5%).
  • Orlando, Tampa, and Hialeah have all experienced year-over-year growth above the state average (4.6%, 3.0%, and 2.2%, respectively).

Palm Bay rents more affordable than many large cities nationwide

As rents have increased slightly in Palm Bay, a few large cities nationwide have seen rents grow more quickly. Palm Bay is still more affordable than most large cities across the country.

  • Palm Bay's median two-bedroom rent of $1,030 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.0% increase in Palm Bay.
  • While Palm Bay's rents rose slightly over the past year, the city of Seattle saw a decrease of 1.6%.
  • Renters will find more reasonable prices in Palm Bay than most large cities. For example, San Francisco has a median 2BR rent of $3,110, which is more than three times the price in Palm Bay.

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.