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76 2 Bedroom Apartments for rent in Palm Bay, FL

Last updated May 25 at 2:37pm UTC
1011 NE Clearmont Street
Palm Bay
Palm Bay, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$950
933 Sonesta Avenue
Port Malabar Country Club
Palm Bay, FL
Updated May 20 at 2:34am UTC
2 Bedrooms
$1,200
1455 Malibu Circle
Port Malabar Country Club
Palm Bay, FL
Updated May 12 at 12:14pm UTC
2 Bedrooms
$950
197 Holiday Park Boulevard
Palm Bay
Palm Bay, FL
Updated May 6 at 9:40pm UTC
2 Bedrooms
$900
2190 Forest Knoll Dr. NE #212
Port Malabar Country Club
Palm Bay, FL
Updated April 28 at 10:17am UTC
2 Bedrooms
$995
3029 Kirkland Road
Tillman
Palm Bay, FL
Updated April 3 at 3:02am UTC
2 Bedrooms
$1,200
Results within 1 miles of Palm Bay, FL
825 E University Blvd
Briarwood Park
Melbourne, FL
Updated May 14 at 5:54pm UTC
2 Bedrooms
$700
Results within 5 miles of Palm Bay, FL
Grand Oaks at the Lake
325 Lago Circle
West Melbourne, FL
Updated May 24 at 2:18pm UTC
2 Bedrooms
$1,330
106 Boskind Road
Indialantic
Indialantic, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$1,400
3260 Sand Court
Melbourne Beach
Melbourne Beach, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$1,800
2700 N Highway A1a
Indialantic
Indialantic, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$1,600
2150 Atlantic Street
Melbourne Beach
Melbourne Beach, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$1,700
303 Audubon Drive
Indian River Bluff
Melbourne, FL
Updated May 25 at 2:30pm UTC
2 Bedrooms
$1,500
125 Lee Street
Flora Beach
Indialantic, FL
Updated May 25 at 2:28pm UTC
2 Bedrooms
$2,200
9022 Brighton Court
Melbourne
Melbourne, FL
Updated May 24 at 7:41am UTC
2 Bedrooms
$1,250
1431 Sheafe Avenue
Port Malabar Country Club
Palm Bay, FL
Updated May 11 at 12:21am UTC
2 Bedrooms
$1,050
1950 Atlantic Street
Melbourne Beach
Melbourne Beach, FL
Updated May 24 at 7:41am UTC
2 Bedrooms
$1,800
1247 Beachside Lane
Ocean Shores
Indialantic, FL
Updated May 22 at 8:28am UTC
2 Bedrooms
$1,650
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May 2018 Palm Bay Rent Report

Welcome to the May 2018 Palm Bay Rent Report. Palm Bay rents remained steady 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

May 2018 Palm Bay Rent Report

Welcome to the May 2018 Palm Bay Rent Report. Palm Bay rents remained steady 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 rent trends were flat over the past month

Palm Bay rents have remained flat over the past month, however, they have increased marginally by 0.7% year-over-year. Currently, median rents in Palm Bay stand at $820 for a one-bedroom apartment and $1,030 for a two-bedroom. Palm Bay's year-over-year rent growth lags the state average of 2.3%, as well as the national average of 1.5%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 2.3% 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 Florida cities that we have data for, all have seen rents rise year-over-year, with Orlando experiencing the fastest growth (+6.8%).
  • Port St. Lucie, Tampa, and Hialeah have all experienced year-over-year growth above the state average (4.9%, 4.4%, and 4.2%, respectively).

Palm Bay rents more affordable than many large cities nationwide

As rents have increased marginally 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 $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.7% increase in Palm Bay.
  • While Palm Bay's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+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 $3,060, which is nearly 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.