3221 Westminster Ave SE
Palm BayFL32909
Cheap Apartments for Rent in Palm Bay, FL from $950 (113 Rentals)
Search the lowest-cost Apartments available for rent right now in Palm Bay.
3221 Westminster Ave SE
Palm BayFL32909
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Rent Specials
$995 - $1,550Studio to 2 Bedroom Apartments Contact Us For Availability
Windwood Apartments
1530 NE Windwood DrPalm Bay, FL 32905
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Rent Specials
$1,029 - $1,676Studio to 1 Bedroom Apartments Available Sep 19
Indian River Flats
4700 NE Dixie HwyPalm Bay, FL 32905
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Rent Specials
$1,049 - $1,4551 to 3 Bedroom Apartments Available Now
THE PARK AT PALM BAY
1200 SE Hadley CirPalm Bay, FL 32909
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Rent Specials
$1,088 - $1,5321 Bedroom Apartments Available Now
The Monroe on Monterey
1635 NE Monterey DrPalm Bay, FL 32905
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$1,095 - $1,495Studio to 2 Bedroom Apartments Contact Us For Availability
Bottlebrush Apartments
1640 Bottlebrush Dr NEPalm Bay, FL 32905
2114 Henry St NE
Palm BayFL32905
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$1,192 - $1,497
Total Monthly Price
Base Rent$1,192 - $1,497
Total Monthly PriceVaries
Malabar Lakes
1018 NE Malabar Lakes DrPalm Bay, FL 32905
1370 Cogan Dr
Palm BayFL32909
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
421 Mercury Ave SE
Palm BayFL32909
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$1,200
Total Monthly Price
Base Rent$1,200
Total Monthly Price$1,200
2505 Spence Dr NE, Unit B
2505 Spence Dr NEPalm Bay, FL 32905
1928 Agora Cir SE
Palm BayFL32909
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$1,222 - $1,734
Total Monthly Price
Base Rent$1,222 - $1,734
Total Monthly Price$1,222 - $1,734
Ascent of Palm Bay
3350 Wedgewood Dr NEPalm Bay, FL 32905
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Rent Specials
$1,240 - $1,8501 to 3 Bedroom Apartments Available Now
Woodlake Village
1700 Woodlake Dr NEPalm Bay, FL 32905
1300 Arlington Ln NE
Palm BayFL32905
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Rent Specials
$1,250 - $1,9501 to 3 Bedroom Apartments Available Now
The Braxton
1000 Palm Place Dr NEPalm Bay, FL 32905
1895 Convair St SE
Palm BayFL32909
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Rent Specials
$1,310 - $2,440Studio to 3 Bedroom Apartments Available Now
Magnolia at Palm Bay
1445 Sportsman Ln NEPalm Bay, FL 32905
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Rent Specials
$1,329 - $2,2491 to 3 Bedroom Apartments Available Now
Madalyn Landing
500 SW Malabar RdPalm Bay, FL 32907
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Rent Specials
$1,367 - $2,3981 to 3 Bedroom Apartments Available Now
Westshore Palm Bay
2331 Commerce Park Dr NEPalm Bay, FL 32905
1000 Pope St NW
Palm BayFL32907
1884 Agora Cir SE
Palm BayFL32909
1123 Tree Ridge Ln NE
Palm BayFL32905
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$1,3502 Bedroom Apartments Available Now
1870 Agora Cir SE, Unit 201
1870 Agora Cir SEPalm Bay, FL 32909
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$1,3502 Bedroom Apartments Available Now
1870 Agora Cir SE, Unit 202
1870 Agora Cir SEPalm Bay, FL 32909
1870 Agora Cir SE
Palm BayFL32909
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Rent Specials
$1,3992 Bedroom Apartments Available Now
Azara Palm Bay
1923 Pinewood Dr NEPalm Bay, FL 32905
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Rent Specials
$1,412 - $1,929
Total Monthly Price
Base Rent$1,412 - $1,929
Total Monthly Price$1,412 - $1,929
Meri Palm Bay
1880 Mogra Circle NEPalm Bay, FL 32905
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Rent Specials
$1,429 - $2,019
Total Monthly Price
Base Rent$1,429 - $2,019
Total Monthly PriceVaries
Malabar Cove Apartments
154 Daffodil Dr SWPalm Bay, FL 32907
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,442 - $1,477
Total Monthly Price
Base Rent$1,442 - $1,477
Total Monthly PriceVaries
10X Harbour Bay
100-500 Larch Cir NEPalm Bay, FL 32905
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Rent Specials
$1,449 - $1,8531 to 3 Bedroom Apartments Available Now
Aqua Palm Bay
2155 Robert J Conlan Blvd NEPalm Bay, FL 32905
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Rent Specials
$1,450 - $2,4501 to 3 Bedroom Apartments Available Now
Eastshore Palm Bay
2361 Commerce Park Dr NEPalm Bay, FL 32905
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Rent Specials
$1,458 - $2,7661 to 3 Bedroom Apartments Available Now
The Pointe at Palm Bay
205 Valor Dr SEPalm Bay, FL 32909
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$1,429 - $2,254
Total Monthly Price
Base Rent$1,429 - $2,254
Total Monthly PriceVaries
Isla
1205 Jaslo StPalm Bay, FL 32909
119 Uleta Rd SE
Palm BayFL32909
2154 Henry St NE
Palm BayFL32905
2190 Forest Knoll Dr NE, Unit 207
2190 Forest Knoll Dr NE
Palm BayFL32905
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Rent Specials
$1,564 - $4,500Studio to 3 Bedroom Apartments Available Now
Tides at Palm Bay
2485 Port Malabar Blvd NEPalm Bay, FL 32905
571 Degroodt Rd SW
Palm BayFL32908
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1623 Painter St SE
Palm BayFL32909
171 Chestnut Ave NE
Palm BayFL32907
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1 to 2 Bedroom Apartments
The Pines Apartments
3016 Pinewood Dr NEPalm Bay, FL 32905
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Studio to 2 Bedroom Apartments
Palm Side Apartments
210 Interchange Dr NEPalm Bay, FL 32907
3412 Overlook Dr
Palm BayFL32905
2848 Shwonda Ave NE
Palm BayFL32905
4412 Overlook Dr
Palm BayFL32905
1641 Sunny Brook Ln
Palm BayFL32905
1419 Turkey Creek Dr NE
Palm BayFL32905
2508 Chatham Way NE
Palm BayFL32905
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Palm Bay, FL Local Guide
How much does it cost to rent an apartment in Palm Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Palm Bay Studio Apartments | $1,425 | $995 | $1,949 |
| Cheap Palm Bay 1 Bedroom Apartments | $1,701 | $950 | $2,280 |
| Cheap Palm Bay 2 Bedroom Apartments | $1,910 | $1,200 | $2,875 |
| Cheap Palm Bay 3 Bedroom Apartments | $2,270 | $1,455 | $4,500 |
| Cheap Palm Bay 4 Bedroom Apartments | $2,035 | $1,699 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Palm Bay
See all Apartments in Palm BayExplore Palm Bay
Palm Bay, FL Local Guide
- Palm Bay Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Palm Bay, FL
Pricing Updated: 09/10/2026Current apartment rentals in the Palm Bay, FL area range in price from $995 to $30,313 with an overall median price of $1,827. Here is today’s list neighborhoods with the lowest median pricing for Palm Bay Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| The Compound | $1,649 | $1,049 | 81 |
| South Cove | $1,865 | $995 | 380 |
Cheapest Available Palm Bay Apartments for Rent
The cheapest available apartment rental in Palm Bay, FL is a 1 Bed unit found at THE PARK AT PALM BAY in the The Compound neighborhood priced from $1,049. The Monroe on Monterey in the South Cove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,088. Here is today’s list of the most affordable Palm Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE PARK AT PALM BAY | 1 Bed 1 Bath | 1BR,1BA | $1,049 |
| The Monroe on Monterey | A3 | 1BR,1BA | $1,088 |
| Meadowdale Apartments | Studio | Studio,1BA | $1,099 |
| Malabar Lakes | Sanctuary | 2BR,2BA | $1,192 |
| Topaz Village | Flat | 1BR,1BA | $1,199 |
| Woodlake Village | 1 Bed 1 Bath | 1BR,1BA | $1,240 |
| The Park at Topaz Tuscana | Venice | 1BR,1BA | $1,249 |
| Princeton Parc | Sand Dollar | 1BR,1BA | $1,265 |
| Windover Palms | B1 - 2 Bed / 1 Bath | 2BR,1BA | $1,275 |
Best Value Apartments for Rent in Palm Bay, FL
As of September 10, 2026 the best value apartment in the Palm Bay area is the $1.04 price per square foot 3 Deluxe Model at Mode at Melbourne in the in the Melbourne neighborhood starting from $1,926. The second greatest value Palm Bay apartment is the Cali Model at Cypress Bay starting at $2,342 with a $1.28 price per square foot in the Coastal Brevard neighborhood. Here is today’s list of the best values for Palm Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mode at Melbourne | 3 Deluxe | 3BR,2BA | $1.04 |
| Cypress Bay | Cali | 4BR,2BA | $1.28 |
| Marin at Harvard | B1 | 2BR,2BA | $1.26 |
| 10X Harbour Bay | B1 | 2BR,2BA | $1.25 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.22 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Ascent of Palm Bay | Sanibel | 2BR,2BA | $1.26 |
| Azara Palm Bay | B1 | 2BR,2BA | $1.35 |
| Mercury Cove Apartments | 2BR/1.0BA | 2BR,1BA | $1.38 |
| Malabar Cove Apartments | Two Bedroom One Bath (b) | 2BR,1BA | $1.47 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Palm Bay, FLPopulation: 114,194
Ranked #255
in US Census Population by City
Best Local Schools in Palm Bay, FL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Palm Bay Apartments
What is a cheap apartment in Palm Bay?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palm Bay is under $1,275.
What is the price of a cheap apartment in Palm Bay?
The cheapest apartment in Palm Bay is THE PARK AT PALM BAY which is listed at $1,049, while the average apartment in Palm Bay costs $1,827.
What types of apartments are the cheapest in Palm Bay?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 269 regular apartments in Palm Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Palm Bay?
Cheap apartments in Palm Bay have an average cost of $718 which is $1,109 cheaper than the average rent for all rentals in Palm Bay.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.