What is the median rent in Palm Bay, FL?

Name: Median rent in Palm Bay, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Palm Bay, FL is $1,601 (±$71) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 8,775 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Palm Bay, the median gross rent went from $1,059 in 2015–2019 to $1,601 in 2020–2024 (+51.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,601 (±$71)
Rented homes: 8,775 (±788)
$2,000 or more: 24.7%
Since 2015–2019: +51.2%

How much rent costs in Palm Bay

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Palm Bay	Brevard County	Florida	United States
Less than $500	0.6% (±0.6 points)	2.7%	3.6%	6.3%
$500 to $999	7.0% (±2.6 points)	12.8%	10.7%	20.2%
$1,000 to $1,499	35.9% (±4.7 points)	31.0%	26.0%	28.1%
$1,500 to $1,999	31.8% (±4.9 points)	31.4%	28.8%	21.1%
$2,000 to $2,499	18.0% (±3.9 points)	14.7%	17.4%	12.0%
$2,500 to $2,999	5.1% (±2.2 points)	4.1%	7.2%	5.5%
$3,000 or more	1.6% (±0.8 points)	3.3%	6.3%	6.8%

The most common range is $1,000 to $1,499, paid by 35.9% of renting households.

24.7% of rented homes in Palm Bay cost $2,000 or more a month.

Palm Bay against Brevard County, its state and the nation

Estimate (90% margin of error)
	Palm Bay	Brevard County	Florida	United States
Median gross rent	$1,601 (±$71)	$1,556 (±$27)	$1,669 (±$5)	$1,413
Rented homes paying rent	8,775 (±788)	57,328 (±1,659)	2,716,443 (±16,958)	42,849,984

In Palm Bay, median gross rent is not measurably different from Brevard County ($1,556).

It is not measurably different from Florida ($1,669).

It is higher than the national figure ($1,413).

In Brevard County, Palm Bay ranks 11 of 26 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 385 of 793.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Palm Bay has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,059 (±$32)	$1,601 (±$71)	+51.2%	Up after inflation
Households that rent	25.5% (±1.7 points)	20.3% (±1.6 points)	−5.2 percentage points	Measurable decrease
Rental vacancy rate	4.0% (±1.8 points)	6.3% (±2.6 points)	+2.3 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Palm Bay

Nearest places with a published estimate, compared with Palm Bay
Place	Distance	Median gross rent	Compared with this place
Palm Bay	—	$1,601 (±$71)	—
West Melbourne	6.6 mi	$1,845 (±$116)	Higher
June Park	8.2 mi	$1,755 (±$157)	Not measurably different
Melbourne Village	9.2 mi	$1,473 (±$567)	Not measurably different
Melbourne Beach	10 mi	$1,307 (±$538)	Not measurably different
Melbourne	11 mi	$1,525 (±$51)	Not measurably different
Indialantic	11 mi	$1,554 (±$741)	Not measurably different
Micco	12 mi	$1,430 (±$155)	Lower
Indian Harbour Beach	15 mi	$1,827 (±$151)	Higher

Nearby places with a measurably lower figure: Micco, FL ($1,430).

Nearby places with a measurably higher figure: West Melbourne, FL ($1,845), Indian Harbour Beach, FL ($1,827).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Brevard County, place by place

Rank	Place	Median gross rent
5	West Melbourne	$1,845 (±$116)
6	Indian Harbour Beach	$1,827 (±$151)
7	Rockledge	$1,820 (±$87)
8	Port St. John	$1,771 (±$210)
9	June Park	$1,755 (±$157)
10	Viera East	$1,681 (±$235)
11	Palm Bay	$1,601 (±$71)
12	Cocoa Beach	$1,569 (±$240)
13	Indialantic	$1,554 (±$741)
14	Melbourne	$1,525 (±$51)
15	Melbourne Village	$1,473 (±$567)
16	Merritt Island	$1,441 (±$77)
17	Micco	$1,430 (±$155)

Showing 13 of 26 places in Brevard County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Palm Bay

What is the average rent in Palm Bay, FL?

The Census Bureau publishes the median rather than the average: the median gross rent in Palm Bay is $1,601 (±$71) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Palm Bay?

In Palm Bay, the median gross rent went from $1,059 in 2015–2019 to $1,601 in 2020–2024 (+51.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Palm Bay cost more than $2,000 a month?

24.7% of rented homes in Palm Bay have a gross rent of $2,000 or more a month, and 0.6% cost less than $500.

Is rent in Palm Bay higher than in Brevard County?

In Palm Bay, median gross rent is not measurably different from Brevard County ($1,556).

It is not measurably different from Florida ($1,669).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palm Bay city, Florida (place:54000, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.