Palm Bay shares many of the great qualities that make Florida a desirable place to live.
Florida is a sunshine-filled state known for its beautiful beaches, warm weather, and world-famous theme parks like Walt Disney World, Universal Studios, and Sea World. From its iconic beaches to vibrant cities, you have a unique blend of outdoor adventure and urban excitement. Explore the state's past by visiting attractions like the Kennedy Space Center, the Museum of Florida History, or the Perez Art Museum Miami. In addition, Florida is home to renowned universities such as the University of Florida and Florida State University, University of Miami.
With hundreds of miles of sandy beaches, crystal-clear springs, and lush everglades, Florida is a paradise for visitors and residents alike. The state is also home to several professional sports teams, including the Miami Dolphins (NFL), Tampa Bay Buccaneers (NFL), Florida Panthers (NHL), Tampa Lighting (NHL), Miami Marlins (MLB), Orlando Magic (NBA), and Miami Heat (NBA). Experience all that Florida has to offer, from its stunning beaches and vibrant atmosphere to its rich traditions and thriving economy.
Discover the magic of living in Florida, where the sun shines bright, the economy thrives, and the quality of life is unparalleled, making it the perfect place to call home.
As of October 2026, Palm Bay's rental market is stable, with rentals spending about 42 days on the market, about the same as in Florida (41), and rents up 1.7% over the past year. Palm Bay's average rent is 25.5% ($660) lower than the Florida average of $2,588 and 7.4% ($154) lower than the U.S. average of $2,082.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,339 | 0.04% ($1) | 0.7% ($10) |
| 2 Beds | $1,490 | 0.49% ($7) | 3.9% ($60) |
| 3 Beds | $2,027 | 0.18% ($4) | 4.7% ($91) |
| Nearby Cities | Average Rent | Avg. Rent vs. Palm BayAverage Rent vs. Palm Bay | Days on Market |
|---|---|---|---|
| Malabar | $2,118 | 9.9% ($190) | 42 days |
| Melbourne | $1,774 | 8.0% ($154) | 38 days |
| Indialantic | $2,496 | 29.5% ($568) | 47 days |
| Melbourne Beach | $2,908 | 50.8% ($980) | 44 days |
| Grant | $2,475 | 28.4% ($547) | 42 days |
Explore rental prices, market conditions, and affordability in Palm Bay, FL.
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