942 Chace Ln NE
Palm BayFL32905
Cheap Apartments for Rent in Palm Bay, FL from $700 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in Palm Bay.
268 Pioneer Ave NE
Palm BayFL32907
662 Lynbrook St NW
Palm BayFL32907
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Rent Specials
$1,029 - $1,676Studio to 1 Bedroom Apartments Available Now
Indian River Flats
4700 NE Dixie HwyPalm Bay, FL 32905
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$1,046 - $1,4531 to 3 Bedroom Apartments Contact Us For Availability
Park at Palm Bay Apartments
1200 SE Hadley CirPalm Bay, FL 32909
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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
1961 Convair St SE
Palm BayFL32909
2114 Henry St NE
Palm BayFL32905
268 Pioneer Ave NE
Palm BayFL32907
1370 Cogan Dr
Palm BayFL32909
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.
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$1,164 - $1,666
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,164 - $1,666
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$1,164 - $1,666
Ascent of Palm Bay
3350 Wedgewood Dr NEPalm Bay, FL 32905
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$1,175 - $1,3901 Bedroom Apartments Available Now
The Monroe on Monterey
1635 NE Monterey DrPalm Bay, FL 32905
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$1,240 - $1,8501 to 3 Bedroom Apartments Available Now
Woodlake Village
1700 Woodlake Dr NEPalm Bay, FL 32905
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$1,241 - $1,585
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,241 - $1,585
Total Monthly Price
$1,241 - $1,585
Malabar Lakes
1018 NE Malabar Lakes DrPalm Bay, FL 32905
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$1,269 - $1,2772 Bedroom Apartments Available Now
Azara Palm Bay
1923 Pinewood Dr NEPalm Bay, FL 32905
2358 Port Malabar Blvd NE
Palm BayFL32905
585 El Dorado Ave SE
Palm BayFL32909
1895 Convair St SE
Palm BayFL32909
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Rent Specials
$1,300 - $2,0301 to 3 Bedroom Apartments Available Now
The Braxton
1000 Palm Place Dr NEPalm Bay, FL 32905
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$1,314 - $1,723
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,314 - $1,723
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10X Harbour Bay
100-500 Larch Cir NEPalm Bay, FL 32905
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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$1,340 - $2,4841 to 3 Bedroom Apartments Available Now
Madalyn Landing
500 SW Malabar RdPalm Bay, FL 32907
1000 Pope St NW
Palm BayFL32907
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Rent Specials
$1,365 - $2,440Studio to 3 Bedroom Apartments Available Now
Magnolia at Palm Bay
1415 Sportsman Ln NEPalm Bay, FL 32905
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$1,3752 Bedroom Apartments Available Now
1884 Agora Cir SE, Unit 203
1884 Agora Cir SEPalm Bay, FL 32909
1123 Tree Ridge Ln NE
Palm BayFL32905
2181 Agora Cir SE
Palm BayFL32909
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Rent Specials
$1,412 - $1,929
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$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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$1,429 - $2,034
Total Monthly Price
2 to 4 Bedroom Apartments Available Jun 19Total Monthly Price
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$1,429 - $2,034
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Malabar Cove Apartments
154 Daffodil Dr SWPalm Bay, FL 32907
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$1,440 - $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
$1,447 - $2,5101 to 3 Bedroom Apartments Available Now
Westshore Palm Bay
2331 Commerce Park Dr NEPalm Bay, FL 32905
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,450
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,450
Total Monthly Price
$1,450
4111 Tree Ridge Ln NE, Unit 4111
4111 Tree Ridge Ln NEPalm Bay, FL 32905
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$1,474 - $2,0221 to 3 Bedroom Apartments Available Now
Aqua Palm Bay
2155 Robert J Conlan Blvd NEPalm Bay, FL 32905
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$1,492 - $2,4771 to 3 Bedroom Apartments Available Now
The Pointe at Palm Bay
205 Valor Dr SEPalm Bay, FL 32909
701 Airoso Rd SE
Palm BayFL32909
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$1,529 - $2,244
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,529 - $2,244
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Isla
1205 Jaslo StPalm Bay, FL 32909
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$1,531 - $4,500Studio to 3 Bedroom Apartments Available Now
Tides at Palm Bay
2485 Port Malabar Blvd NEPalm Bay, FL 32905
567 Poplar St SE
Palm BayFL32909
439 Hamy St
Palm BayFL32908
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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
Windwood Apartments
1530 NE Windwood DrPalm Bay, FL 32905
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1199 Jordan Ct NE
Palm BayFL32905
1199 Jordan Ct NE, Unit B
1199 Jordan Ct NE
Palm BayFL32905
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Studio to 2 Bedroom Apartments
Palm Side Apartments
210 Interchange Dr NEPalm Bay, FL 32907
987 Sonesta Ave NE
Palm BayFL32905
1698 Sunny Brook Ln
Palm BayFL32905
1914 Agora Cir SE
Palm BayFL32909
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1 to 2 Bedroom Apartments
The Mercury Cove
484 Mercury Ave SEPalm Bay, FL 32909
2522 Amberly Rd NE
Palm BayFL32905
2326 Shenandoah Rd
Palm BayFL32905
1649 Sunny Brook Ln
Palm BayFL32905
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.
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 | $1,449 | $1,029 | $2,099 |
| Cheap Palm Bay 1 Bedroom Apartments | $1,731 | $1,046 | $2,280 |
| Cheap Palm Bay 2 Bedroom Apartments | $2,000 | $1,120 | $2,875 |
| Cheap Palm Bay 3 Bedroom Apartments | $2,385 | $1,453 | $4,500 |
| Cheap Palm Bay 4 Bedroom Apartments | $2,125 | $1,899 | $2,330 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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See all Apartments in Palm BayExplore Palm Bay
Palm Bay, FL Local Guide
- Palm Bay Neighborhoods
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Cheapest Neighborhoods for Apartments in Palm Bay, FL
Pricing Updated: 06/11/2026Current apartment rentals in the Palm Bay, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Palm Bay Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| South Cove | $2,665 | $500 | 82 |
| The Compound | $3,800 | $700 | 138 |
Cheapest Available Palm Bay Apartments for Rent
The cheapest available apartment rental in Palm Bay, FL is a Studio unit found at Indian River Flats in the South Cove neighborhood priced from $1,029. Windover Palms in the Coastal Brevard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Palm Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indian River Flats | Coral | Studio,1BA | $1,029 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,075 |
| Topaz Village | Flat | 1BR,1BA | $1,199 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Woodlake Village | 1 Bed 1 Bath | 1BR,1BA | $1,240 |
| The Park at Topaz Tuscana | Venice | 1BR,1BA | $1,249 |
| The Monroe on Monterey | A1 | 1BR,1BA | $1,257 |
| Azara Palm Bay | B1 | 2BR,2BA | $1,269 |
| The Mercury Cove | 2BR/1.0BA | 2BR,1BA | $1,299 |
Best Value Apartments for Rent in Palm Bay, FL
As of June 12, 2026 the best value apartment in the Palm Bay area is the $1.09 price per square foot Hayden Model at Cypress Bay in the in the Coastal Brevard neighborhood starting from $2,835. The second greatest value Palm Bay apartment is the 2 Deluxe Model at Mode at Melbourne starting at $1,816 with a $1.06 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. |
|---|---|---|---|
| Cypress Bay | Hayden | 5BR,3BA | $1.09 |
| Mode at Melbourne | 2 Deluxe | 2BR,2BA | $1.06 |
| The Carlton of West Melbourne | Windsor (3rd Floor) | 2BR,2BA | $1.46 |
| Marin at Harvard | B1 | 2BR,2BA | $1.26 |
| Madalyn Landing | 3 Bed/2 Bath | 3BR,2BA | $1.42 |
| 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 | $1.22 |
| Azara Palm Bay | B1 | 2BR,2BA | $1.22 |
| The Mercury Cove | 2BR/1.0BA | 2BR,1BA | $1.30 |
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.
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Real 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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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 the Cheapest Studio apartment in Palm Bay?
Currently the most affordable Cheap Studio Apartment in Palm Bay is at Indian River Flats listed at $1,029.
How much is rent for a Cheap One Bedroom Palm Bay Apartment?
The lowest price for a Cheap One Bedroom Palm Bay Apartment is $1,075 at Windover Palms.
What is the lowest price for a Cheap Two Bedroom Palm Bay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palm Bay is starting from $1,269 at Azara Palm Bay.
What is the most affordable Palm Bay Three Bedroom Apartment?
The best deal on a cheap Palm Bay Three Bedroom Apartment rental is at Ascent of Palm Bay and starts from $1,432.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.