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

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property at 590 Dream Ave SE

$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

590 Dream Ave SE

Palm BayFL32909

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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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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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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property at 3532 D'Avinci Way

$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

3532 D'Avinci Way

MelbourneFL32901

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 1

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 12/22/2025

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$2,474$750263
South Cove$6,225$80090

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 ListingModel NameBed/BathPriced From
Palm Bay ClubB12BR,2BA$546
Indian River FlatsCoralStudio,1BA$920
Riverview ApartmentsStudio ApartmentStudio,1BA$950
StonewoodOne Bedroom1BR,1BA$1,075
The Monroe on MontereyA31BR,1BA$1,095
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Mercury cove Apartments2BR/1.0BA2BR,1BA$1,195
Ascent of Palm BayCape1BR,1BA$1,211
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224

Best Value Apartments for Rent in Palm Bay, FL

As of December 22, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Amore Village TownhomesPalm B3BR,2.5BA$1.39
Marin at HarvardB12BR,2BA$1.26
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Palm Bay ClubB12BR,2BA$0.53
Mercury cove Apartments2BR/1.0BA2BR,1BA$1.20
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
Princeton ParcSand Dollar1BR,1BA$1.54

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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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.

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

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Frequently Asked Questions about Palm Bay

What type of rentals are currently available in Palm Bay?

There are currently 151 Apartments for Rent in Palm Bay, FL with pricing that ranges from $699 to $10,237. There are also 614 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 $1,966.

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 $10,237, 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 $1,645 and Four Bedroom Apartments start at $1,799.

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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.