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71 2 Bedroom Apartments for rent in Palm Bay, FL

Last updated September 18 at 6:10pm UTC
1884 Agora Cir SE Unit 203
Palm Bay
Palm Bay, FL
Updated September 18 at 1:13pm UTC
2 Bedrooms
$875
2101 Forest Knoll Drive
Port Malabar Country Club
Palm Bay, FL
Updated September 17 at 11:11am UTC
2 Bedrooms
$1,000
2963 Chipper Drive NE
Palm Bay
Palm Bay, FL
Updated September 14 at 10:34am UTC
2 Bedrooms
$1,250
2575 1st Avenue
Palm Bay
Palm Bay, FL
Updated September 13 at 3:23am UTC
2 Bedrooms
$1,000
2545 Second Avenue
Palm Bay
Palm Bay, FL
Updated September 8 at 7:04am UTC
2 Bedrooms
$1,400
1698 Sunny Brook Lane
Port Malabar Country Club
Palm Bay, FL
Updated September 6 at 10:15am UTC
2 Bedrooms
$1,000
648 Cedar Side Circle
Port Malabar Country Club
Palm Bay, FL
Updated August 10 at 3:00am UTC
2 Bedrooms
$1,200
Results within 1 miles of Palm Bay, FL
Landmark at Ocean Breeze Apartment Homes
1245 Palm Bay Rd NE
Melbourne, FL
Updated September 18 at 2:34pm UTC
2 Bedrooms
$1,080
Princeton Parc Apartment Homes
4714 Crosswind Ct
Melbourne, FL
Updated September 18 at 2:27pm UTC
2 Bedrooms
$1,200
1165 Luminary Cir #101
Sonesta Walk
Melbourne, FL
Updated September 18 at 1:12pm UTC
2 Bedrooms
$1,350
825 E University Blvd
Briarwood Park
Melbourne, FL
Updated August 24 at 2:42am UTC
2 Bedrooms
$800
4710 Lake Waterford Way
Melbourne
Melbourne, FL
Updated August 22 at 6:57pm UTC
2 Bedrooms
$1,100
Results within 5 miles of Palm Bay, FL
2700 N Highway A1a
Indialantic
Indialantic, FL
Updated September 18 at 12:55pm UTC
2 Bedrooms
$1,600
290 Paradise Boulevard
The Sanctuary
Indialantic, FL
Updated September 17 at 10:18pm UTC
2 Bedrooms
$2,200
610 Saint Albans Court
Melbourne
Melbourne, FL
Updated September 15 at 4:34am UTC
2 Bedrooms
$1,250
125 Lee St
Flora Beach
Indialantic, FL
Updated September 11 at 10:50am UTC
2 Bedrooms
$3,000

September 2018 Palm Bay Rent Report

Welcome to the September 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

September 2018 Palm Bay Rent Report

Welcome to the September 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 moderately over the past month

Palm Bay rents have declined 0.3% over the past month, but have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Palm Bay stand at $820 for a one-bedroom apartment and $1,040 for a two-bedroom. This is the second 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 1.7%, but exceeds the national average of 1.0%.

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, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.7% 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, Cape Coral, where a two-bedroom goes for $1,130, is the only major city to see rents fall year-over-year (-1.4%).
  • Orlando, Tampa, and Hialeah have all experienced year-over-year growth above the state average (5.3%, 3.5%, and 2.7%, respectively).

Palm Bay rents more affordable than many large cities nationwide

As rents have increased slightly in Palm Bay, 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 $1,040 is below the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 1.5% increase in Palm Bay.
  • While Palm Bay's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.5%).
  • Renters will find more reasonable prices in Palm Bay than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.