Cheap Apartments for Rent in Palm Bay, FL from $700 (115 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palm Bay.

property at 662 Lynbrook St NW

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

4 Bedroom, 2 Bath Home for Rent

Available Now

662 Lynbrook St NW

Palm BayFL32907

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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Ascent of Palm Bay
Rent Specials
$1,269 - $1,778
Total Monthly Price

Total Monthly Price

Base Rent
$1,269 - $1,778
Total Monthly Price
$1,269 - $1,778
1 to 3 Bedroom Apartments Available Now

Ascent of Palm Bay

3350 Wedgewood Dr NEPalm Bay, FL 32905
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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10X Harbour Bay
Rent Specials
$1,349 - $1,824
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $1,824
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

10X Harbour Bay

100-500 Larch Cir NEPalm Bay, FL 32905
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1000 Pope St NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 2 Bath Home for Rent

Available Now

1000 Pope St NW

Palm BayFL32907
property at 2358 Port Malabar Blvd NE

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

2358 Port Malabar Blvd NE

Palm BayFL32905
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Meri Palm Bay
Rent Specials
$1,412 - $1,929
Total Monthly Price

Total Monthly Price

Base Rent
$1,412 - $1,929
Total Monthly Price
$1,412 - $1,929
1 to 3 Bedroom Apartments Available Now

Meri Palm Bay

1880 Mogra Circle NEPalm Bay, FL 32905
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Malabar Lakes
$1,421 - $1,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,421 - $1,935
Total Monthly Price
$1,421 - $1,935
1 to 2 Bedroom Apartments Available Apr 29

Malabar Lakes

1018 NE Malabar Lakes DrPalm Bay, FL 32905
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 585 El Dorado Ave SE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

585 El Dorado Ave SE

Palm BayFL32909
property at 701 Airoso Rd SE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

701 Airoso Rd SE

Palm BayFL32909
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Isla
Rent Specials
$1,554 - $2,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,554 - $2,179
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Isla

1205 Jaslo StPalm Bay, FL 32909
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 3

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 04/27/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
The Compound$1,899$1,04624
South Cove$15,205$920154

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 $920. Riverview Apartments in the Coastal Brevard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Palm Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio,1BA$920
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Topaz VillageFlat1BR,1BA$1,199
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Magnolia at Palm BayAtlas1BR,1BA$1,234
The BraxtonA11BR,1BA$1,235
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The Monroe on MontereyA3R1BR,1BA$1,247
Azara Palm BayB12BR,2BA$1,269
The Park at Topaz TuscanaVenice1BR,1BA$1,299

Best Value Apartments for Rent in Palm Bay, FL

As of April 27, 2026 the best value apartment in the Palm Bay area is the $1.16 price per square foot 3 Deluxe Model at Mode at Melbourne in the in the Coastal Brevard neighborhood starting from $2,151. The second greatest value Palm Bay apartment is the Cali Model at Cypress Bay starting at $2,322 with a $1.27 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mode at Melbourne3 Deluxe3BR,2BA$1.16
Cypress BayCali4BR,2BA$1.27
Amore Village TownhomesPalm A3BR,2.5BA$1.50
Malabar Cove ApartmentsThree Bedroom Two Bath3BR,2BA$1.31
Marin at HarvardB12BR,2BA$1.27
Lake in the Woods ApartmentsThe Worthington3BR,2.5BA$1.49
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Ascent of Palm BaySanibel2BR,2BA$1.32
Azara Palm BayB12BR,2BA$1.22
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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Palm Bay, FL
Population: 114,194

Ranked #255

in US Census Population by City

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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

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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 $1,299.

What is the price of a cheap apartment in Palm Bay?

The cheapest apartment in Palm Bay is Meadowdale Apartments which is listed at $1,224, while the average apartment in Palm Bay costs $8,552.

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 7 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 $1,014 which is $7,538 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.