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$546 - $1,3992 Bedroom Apartments Available Now
Palm Bay Club
1923 Pinewood Dr NEPalm Bay, FL 32905
Cheap Apartments for Rent in Palm Bay, FL from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Palm Bay.
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$920 - $1,575Studio to 1 Bedroom Apartments Available Now
Indian River Flats
4700 NE Dixie HwyPalm Bay, FL 32905
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$995 - $1,550Studio to 2 Bedroom Apartments Contact Us For Availability
Windwood Apartments
1530 NE Windwood DrPalm Bay, FL 32905
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$995 - $1,550Studio to 2 Bedroom Apartments Available Now
Palm Side Apartments
210 Interchange Dr NEPalm Bay, FL 32907
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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
1660 Bottlebrush Dr
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.
341 Mercury Ave SE
Palm BayFL32909
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$1,195 - $1,5402 Bedroom Apartments Available Now
Mercury cove Apartments
484 Mercury Ave SEPalm Bay, FL 32909
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$1,2002 Bedroom Apartment Available Now
1875 Wabun Street Northeast, Unit Apt A
1875 Wabun Street NortheastPalm Bay, FL 32905
1914 Agora Cir SE
Palm BayFL32909
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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.
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Rent Specials
$1,075 - $1,3951 to 2 Bedroom Apartments Available Now
Stonewood
325 E University BlvdMelbourne, FL 32901
2421 Stone St
MelbourneFL32901
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$1,199 - $1,6751 to 3 Bedroom Apartments Available Now
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Showing Results 1-18, Page 1 of 1
Palm Bay, FL Local Guide
Turkey Creek Sanctuary by Gary Leavens is licensed under CC BY 2.0
How much does it cost to rent an apartment in Palm Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Palm Bay Studio Apartments | $1,172 | $920 | $1,769 |
| Cheap Palm Bay 1 Bedroom Apartments | $1,588 | $1,046 | $2,063 |
| Cheap Palm Bay 2 Bedroom Apartments | $1,740 | $699 | $3,019 |
| Cheap Palm Bay 3 Bedroom Apartments | $2,183 | $1,453 | $10,000+ |
| Cheap Palm Bay 4 Bedroom Apartments | $1,910 | $1,799 | $2,019 |
Browse Top Apartments in Palm Bay
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: 12/29/2025Current 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 |
|---|---|---|---|
| The Compound | $1,914 | $995 | 27 |
| South Cove | $22,913 | $707 | 278 |
Cheapest Available Palm Bay Apartments for Rent
The cheapest available apartment rental in Palm Bay, FL is a 2 Beds unit found at Palm Bay Club in the South Cove neighborhood priced from $546. Indian River Flats in the South Cove neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $920. Here is today’s list of the most affordable Palm Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palm Bay Club | B1 | 2BR,2BA | $546 |
| Indian River Flats | Coral | Studio,1BA | $920 |
| Riverview Apartments | Studio Apartment | Studio,1BA | $950 |
| Stonewood | One Bedroom | 1BR,1BA | $1,075 |
| The Monroe on Monterey | A3 | 1BR,1BA | $1,086 |
Best Value Apartments for Rent in Palm Bay, FL
As of December 29, 2025 the best value apartment in the Palm Bay area is the $1.39 price per square foot Palm B Model at Amore Village Townhomes in the in the Coastal Brevard neighborhood starting from $2,040. The second greatest value Palm Bay apartment is the B1 Model at Marin at Harvard starting at $1,570 with a $1.26 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. |
|---|---|---|---|
| Amore Village Townhomes | Palm B | 3BR,2.5BA | $1.39 |
| Marin at Harvard | B1 | 2BR,2BA | $1.26 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.22 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Malabar Cove Apartments | Two Bedroom One Bath (b) | 2BR,1BA | $1.33 |
| Palm Bay Club | B1 | 2BR,2BA | $0.53 |
| Mercury cove Apartments | 2BR/1.0BA | 2BR,1BA | $1.20 |
| Ascent of Palm Bay | Cape | 1BR,1BA | $1.38 |
| 10X Harbour Bay | A1 | 1BR,1BA | $1.48 |
| 1875 Wabun Street Northeast, Unit Apt A | 1875 Wabun Street Northeast | 2BR,1BA | $1.41 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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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Best Local Schools in Palm Bay, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Palm Bay, FL Rentals by Map
See the most popular apartments and homes in Palm Bay, FL
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 $1,224.
What is the price of a cheap apartment in Palm Bay?
The cheapest apartment in Palm Bay is Stonewood which is listed at $1,075, while the average apartment in Palm Bay costs $12,413.
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 6 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 $1,161 which is $11,252 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!