Cheap Homes for Rent in Palm Bay, FL from $600 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 590 Dream Ave SE

$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

590 Dream Ave SE

Palm BayFL32909

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.

Read Article
property at 1355 Pace Dr NW

$1,200

2 Bedroom, 2 Bath Home for Rent

Available Now

1355 Pace Dr NW

Palm BayFL32907

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.

Read Article

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.

Read Article

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.

Read Article
property at 3532 D'Avinci Way

$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

3532 D'Avinci Way

MelbourneFL32901

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 1

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 01/03/2026

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$1,966$99526
South Cove$23,773$699230

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. 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
Palm Bay ClubB12BR,2BA$546
Riverview ApartmentsStudio ApartmentStudio,1BA$950
StonewoodOne Bedroom1BR,1BA$1,075
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Malabar LakesHaven1BR,1BA$1,170
Ascent of Palm BayCape1BR,1BA$1,211
Indian River FlatsJasper1BR,1BA$1,214
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
The BraxtonA11BR,1BA$1,225

Best Value Apartments for Rent in Palm Bay, FL

As of January 03, 2026 the best value apartment in the Palm Bay area is the $1.46 price per square foot Sea Glass - UPG Model at Princeton Parc in the in the Coastal Brevard neighborhood starting from $1,895. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton ParcSea Glass - UPG3BR,2BA$1.46
Marin at HarvardB12BR,2BA$1.26
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Malabar Cove ApartmentsTwo Bedroom One Bath (b)2BR,1BA$1.33
Palm Bay ClubB12BR,2BA$0.53
Mercury cove Apartments2BR/1.0BA2BR,1BA$1.40
10X Harbour BayA11BR,1BA$1.48
Ascent of Palm BayCape1BR,1BA$1.38
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,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.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Palm Bay, FL

View Map
Palm Bay, FL Apartments Map
View Map
Palm Bay, FL Rental Homes Map

Frequently Asked Questions about Palm Bay

What type of rentals are currently available in Palm Bay?

There are currently 149 Apartments for Rent in Palm Bay, FL with pricing that ranges from $699 to $14,986. There are also 595 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Bay ranging from $675 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 $675 to $7,000 with an average monthly rent of $1,976.

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 $1,453 to $10,031, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,377 to $7,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,914.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!