Cheap Apartments for Rent in Palm Bay, FL from $700 (113 Rentals)

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

property at 3221 Westminster Ave SE

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

4 Bedroom, 2 Bath Home for Rent

Available Aug 1

3221 Westminster Ave SE

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.

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Malabar Lakes
$1,116 - $1,685
Total Monthly Price

Total Monthly Price

Base Rent
$1,116 - $1,685
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Malabar Lakes

1018 NE Malabar Lakes DrPalm Bay, FL 32905
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1370 Cogan Dr

$1,100 - $1,195

1 To 2 Bedroom Rentals

Available Now

1370 Cogan Dr

Palm BayFL32909
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Ascent of Palm Bay
$1,205 - $1,666
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $1,666
Total Monthly Price
$1,205 - $1,666
1 to 3 Bedroom Apartments Available Now

Ascent of Palm Bay

3350 Wedgewood Dr NEPalm Bay, FL 32905
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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10X Harbour Bay
Rent Specials
$1,289 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $1,599
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

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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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
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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

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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Isla
Rent Specials
$1,529 - $2,244
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $2,244
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Isla

1205 Jaslo StPalm Bay, FL 32909
Family Friendly
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The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
  • Utilities Included
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Windwood Apartments
Studio to 2 Bedroom Apartments

Windwood Apartments

1530 NE Windwood DrPalm Bay, FL 32905
  • Utilities Included

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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Palm Side Apartments
Studio to 2 Bedroom Apartments

Palm Side Apartments

210 Interchange Dr NEPalm Bay, FL 32907

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

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 07/27/2026

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$1,04626
South Cove$31,759$1,029241

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. Meadowdale Apartments in the Coastal Brevard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here is today’s list of the most affordable Palm Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio,1BA$1,029
Meadowdale ApartmentsStudioStudio,1BA$1,099
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,125
The Monroe on MontereyA11BR,1BA$1,180
Topaz VillageFlat1BR,1BA$1,199
Ascent of Palm BayCape1BR,1BA$1,205
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
Princeton ParcSand Dollar1BR,1BA$1,275
Palmview Cove Apartments1 Bed 1 Bath | Classic1BR,1BA$1,275
Madalyn Landing1 Bed/1 Bath1BR,1BA$1,277

Best Value Apartments for Rent in Palm Bay, FL

As of July 27, 2026 the best value apartment in the Palm Bay area is the $1.28 price per square foot Cali Model at Cypress Bay in the in the Coastal Brevard neighborhood starting from $2,334. The second greatest value Palm Bay apartment is the Three Bedroom Two Bath (b) Model at Malabar Cove Apartments starting at $1,649 with a $1.27 price per square foot in the The Compound 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.
Cypress BayCali4BR,2BA$1.28
Malabar Cove ApartmentsThree Bedroom Two Bath (b)3BR,2BA$1.27
The Carlton of West MelbourneWindsor (1st Floor)2BR,2BA$1.49
Marin at HarvardB12BR,2BA$1.27
Mode at Melbourne1 Deluxe1BR,1BA$1.29
10X Harbour BayB12BR,2BA$1.27
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.26
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Azara Palm BayB12BR,2BA$1.25
Ascent of Palm BayCape1BR,1BA$1.38

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, FL
Population: 114,194

Ranked #255

in US Census Population by City

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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 $1,277.

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

The cheapest apartment in Palm Bay is Windover Palms which is listed at $1,125, while the average apartment in Palm Bay costs $16,829.

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 131 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 $1,385 which is $15,444 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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.