84 Pet Friendly Apartments for rent in Palm Bay, FL

Last updated October 18 at 5:29AM
1515 Pinewood Drive
Palm Bay
Palm Bay, FL
Updated September 30 at 2:21AM UTC
2 Bedrooms
$1,000
627 Castaways Street
Palm Bay
Palm Bay, FL
Updated September 30 at 2:21AM UTC
3 Bedrooms
$1,250
657 Fairhaven St NE
Palm Bay
Palm Bay, FL
Updated September 27 at 9:07AM UTC
3 Bedrooms
$1,145
1755 Fallon Blvd NE
Palm Bay
Palm Bay, FL
Updated October 5 at 11:23AM UTC
3 Bedrooms
$1,375
978 Dorchester Road NW
Palm Bay
Palm Bay, FL
Updated September 26 at 3:45AM UTC
3 Bedrooms
$1,425
1035 VENETIAN WAY UNIT 105
Melbourne
Melbourne, FL
Updated October 7 at 9:22AM UTC
3 Bedrooms
$1,400
Results within 1 miles of Palm Bay, FL
4030 Wilkes Drive
Melbourne
Melbourne, FL
Updated October 13 at 2:26AM UTC
4 Bedrooms
$1,550
3308 Sea Mist Lane
Melbourne
Melbourne, FL
Updated September 29 at 2:28AM UTC
2 Bedrooms
$1,600
3791 Town Square Boulevard
Melbourne
Melbourne, FL
Updated October 18 at 2:05AM UTC
4 Bedrooms
$1,600
Results within 5 miles of Palm Bay, FL
101 Woodland Drive
Laila Park Estates
Melbourne, FL
Updated October 13 at 2:36AM UTC
2 Bedrooms
$1,000
149 Kristi Drive
Harbour Villa
Satellite Beach, FL
Updated September 28 at 2:36AM UTC
2 Bedrooms
$1,350
290 Monaco Road
Cannova Park
Melbourne, FL
Updated October 17 at 2:20AM UTC
3 Bedrooms
$1,100
4955 Dixie Highway
Palm Bay
Palm Bay, FL
Updated October 3 at 2:55AM UTC
3 Bedrooms
$2,000
943 Eastlake Street
Palm Bay
Palm Bay, FL
Updated October 16 at 2:04AM UTC
4 Bedrooms
$1,800
3010 Brandywine Lane
Melbourne
Melbourne, FL
Updated September 15 at 9:32AM UTC
4 Bedrooms
$2,600
Lark Dr
Barefoot Bay
Micco, FL
Updated October 15 at 7:43AM UTC
3 Bedrooms
$1,250
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Rent Report
Palm Bay

October 2017 Palm Bay Rent Report

Welcome to the October 2017 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 steady over the past month, but have decreased slightly by 0.2% year-over-year. Currently, median rents in Palm Bay stand at $810 for a one-bedroom apartment and $1,020 for a two-bedroom. Palm Bay's year-over-year rent growth lags the state average of 3.5%, as well as the national average of 2.8%.

Rents rising across cities in Florida

While rent decreases have been occurring in the city of Palm Bay over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in Florida for which we have data. The state as a whole logged rent growth of 3.5% 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 $2,390; 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 other major city besides Palm Bay to see rents fall year-over-year (-0.3%).
  • Orlando, Port St. Lucie, and Tampa have all experienced year-over-year growth above the state average (6.6%, 6.4%, and 5.4%, respectively).

Palm Bay rents more affordable than many large cities nationwide

As rents have fallen slightly in Palm Bay, many large cities nationwide have seen prices increase, in some cases substantially. Palm Bay is also more affordable than most large cities across the country.

  • Palm Bay's median two-bedroom rent of $1,020 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.2% decline in Palm Bay.
  • While rents in Palm Bay fell slightly over the past year, many cities nationwide saw increases, including Seattle (+4.5%), Phoenix (+4.5%), and Denver (+2.7%).
  • Renters will find more reasonable prices in Palm Bay than most large cities. For example, San Francisco has a median 2BR rent of $3,080, 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.