Cheap Homes for Rent in Palm Bay, FL from $700 (28 Rentals)

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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.

property at 2544 Ventura Cir

2544 Ventura Cir

MelbourneFL32904

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 09/11/2025

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$2,700$795253
South Cove$2,900$1,000100

Cheapest Available Palm Bay Apartments for Rent

 

The cheapest available apartment rental in Palm Bay, FL is a Studio unit found at Riverview Apartments in the Coastal Brevard neighborhood priced from $950. Indian River Flats in the South Cove neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,028. Here is today’s list of the most affordable Palm Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Indian River FlatsCoralStudio,1BA$1,028
The Monroe on MontereyA31BR,1BA$1,141
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Ascent of Palm BayCape1BR,1BA$1,195
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,200
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Stonewood Townhomes1x1R1BR,1BA$1,225
Palm Bay ClubB12BR,2BA$1,262

Best Value Apartments for Rent in Palm Bay, FL

As of September 12, 2025 the best value apartment in the Palm Bay area is the $1.21 price per square foot Four Bedroom Three Bath Model at Malabar Cove Apartments in the in the The Compound neighborhood starting from $1,899. The second greatest value Palm Bay apartment is the Palm A Model at Amore Village Townhomes starting at $2,095 with a $1.43 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.
Malabar Cove ApartmentsFour Bedroom Three Bath4BR,3BA$1.21
Amore Village TownhomesPalm A3BR,2.5BA$1.43
Melbourne Commons3x3 Student Apartment3BR,3BA$0.66
Marin at HarvardB12BR,2BA$1.20
Lake in the WoodsThe Worthington3BR,2.5BA$1.43
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.41
Palm Bay ClubB12BR,2BA$1.22
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.40
Ascent of Palm BayCape1BR,1BA$1.36
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Palm Bay

What type of rentals are currently available in Palm Bay?

There are currently 145 Apartments for Rent in Palm Bay, FL with pricing that ranges from $940 to $8,588. There are also 608 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Bay ranging from $795 to $7,000.

What is the current price range for Rental Homes in Palm Bay?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palm Bay ranges from $795 to $7,000 with an average monthly rent of $2,295.

How much are larger Three and Four Bedroom Rentals in Palm Bay?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Palm Bay range from $940 to $8,423, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $7,000. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $940.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.