Cheap Homes for Rent in Palm Bay, FL from $700 (47 Rentals)

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

property at 1055 Venetian Dr

$840

Total Monthly Price

Total Monthly Price

Base Rent
$840
Total Monthly Price
$840

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1055 Venetian Dr

MelbourneFL32904

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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property at 2358 Port Malabar Blvd NE

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275
Total Monthly Price
$1,275

3 Bedroom, 2 Bath Home for Rent

Available Now

2358 Port Malabar Blvd NE

Palm BayFL32905

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
property at 1123 Tree Ridge Ln NE

$1,350

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 1 Bath Condo for Rent

Available Now

1123 Tree Ridge Ln NE

Palm BayFL32905

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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property at 1002 Brothers Ave.

$1,400 - $1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $1,500
Total Monthly Price
$1,400 - $1,500

1 To 2 Bedroom Townhomes for Rent

Available Now

1002 Brothers Ave.

MelbourneFL32901
property at 4414 Overlook Dr

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Now

4414 Overlook Dr, Unit 18

4414 Overlook Dr
Palm BayFL32905
property at 4714 Overlook Dr

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

1 Bedroom, 1 Bath Condo for Rent

Available Now

4714 Overlook Dr

Palm BayFL32905

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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property at 1680 Sunny Brook Ln

$1,500

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 2 Bath Condo for Rent

Available Now

1680 Sunny Brook Ln, Unit 211

1680 Sunny Brook Ln
Palm BayFL32905
property at 119 Uleta 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

119 Uleta Rd 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.

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Showing Results 1-47, Page 1 of 1

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 08/20/2026

Current apartment rentals in the Palm Bay, FL area range in price from $995 to $30,480 with an overall median price of $1,912. Here is today’s list neighborhoods with the lowest median pricing for Palm Bay Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
The Compound$1,649$1,04947
South Cove$1,950$995327

Cheapest Available Palm Bay Apartments for Rent

 

The cheapest available apartment rental in Palm Bay, FL is a Studio unit found at Meadowdale Apartments in the Coastal Brevard neighborhood priced from $1,099. The Monroe on Monterey in the South Cove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,148. Here is today’s list of the most affordable Palm Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowdale ApartmentsStudioStudio,1BA$1,099
The Monroe on MontereyA11BR,1BA$1,148
Topaz VillageSuite1BR,1BA$1,175
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The Park at Topaz TuscanaVenice1BR,1BA$1,249
THE PARK AT PALM BAY2 Bed 2 Bath2BR,2BA$1,257
Windover PalmsB1 - 2 Bed / 1 Bath2BR,1BA$1,275
Aventine at West MelbourneSunset One1BR,1BA$1,302
Malabar LakesSanctuary2BR,2BA$1,317
Magnolia at Palm BayS3 - CosmoStudio,1BA$1,320

Best Value Apartments for Rent in Palm Bay, FL

As of August 20, 2026 the best value apartment in the Palm Bay area is the $0.86 price per square foot 2865 Kirby Cir NE Model at 2865 Kirby Cir NE, Unit UnitA in the in the South Cove neighborhood starting from $1,550. The second greatest value Palm Bay apartment is the Three Bedroom Two Bath (b) Model at Malabar Cove Apartments starting at $1,599 with a $1.23 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.
2865 Kirby Cir NE, Unit UnitA2865 Kirby Cir NE3BR,2BA$0.86
Malabar Cove ApartmentsThree Bedroom Two Bath (b)3BR,2BA$1.23
Marin at HarvardB12BR,2BA$1.26
Mode at Melbourne1 Deluxe1BR,1BA$1.31
10X Harbour BayB12BR,2BA$1.25
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
THE PARK AT PALM BAY2 Bed 2 Bath2BR,2BA$1.13
Azara Palm BayB12BR,2BA$1.30
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.40
StonewoodGadson2BR,1.5BA$1.49

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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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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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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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 154 Apartments for Rent in Palm Bay, FL with pricing that ranges from $950 to $6,324. There are also 470 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Bay ranging from $700 to $8,000.

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 $700 to $8,000 with an average monthly rent of $2,070.

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 $1,455 to $6,324, while Three Bedroom Homes, Condos, and Townhomes for rent range from $840 to $8,000. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $1,899.

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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.