Cheap Apartments for Rent in the South Cove Neighborhood of Palm Bay, FL from $800 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Cove area of Palm Bay.

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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Ascent of Palm Bay
$1,215 - $1,666
Total Monthly Price

Total Monthly Price

Base Rent
$1,215 - $1,666

Total Monthly Price
$1,215 - $1,666
1 to 3 Bedroom Apartments Available Now

Ascent of Palm Bay

3350 Wedgewood Dr NEPalm Bay, FL 32905
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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

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.

property at 451 Mercury Ave SE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Condo for Rent

Available Now

451 Mercury Ave SE, Unit 201

451 Mercury 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.

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
property at 4414 Overlook Dr

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Condo for Rent

Available Now

4414 Overlook Dr, Unit 18

4414 Overlook Dr
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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Trillium
1 to 3 Bedroom Apartments

Trillium

4315 S Babcock StMelbourne, FL 32901

South Cove, Palm Bay, FL Local Guide

Cheapest Available South Cove Apartments for Rent

 

The cheapest available apartment rental in the South Cove area of Palm Bay, FL is a 1 Bed unit found at The Monroe on Monterey priced from $1,155. Ascent of Palm Bay has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here are the most affordable South Cove apartments for rent in Palm Bay, FL:

Apartment ListingModel NameBed/BathPriced From
The Monroe on MontereyA11BR,1BA$1,155
Ascent of Palm BayCape1BR,1BA$1,215
Indian River FlatsJasper1BR,1BA$1,238
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The BraxtonA11BR,1BA$1,245
Palmview Cove Apartments1 Bed 1 Bath | Classic1BR,1BA$1,275
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,299
TrilliumOne Bedroom Apartment1BR,1BA$1,410
Westshore Palm BayLucine1BR,1BA$1,427
Eastshore Palm BayCaptiva1BR,1BA$1,440

Best Value Apartments for Rent in South Cove, FL

As of July 14, 2026 the best value apartment in the South Cove area is the $0.84 price per square foot 2x2 Student Apartment Model at Melbourne Commons in the in the South Cove neighborhood starting from $960. The second greatest value South Cove apartment is the B1 Model at Azara Palm Bay starting at $1,263 with a $1.22 price per square foot in the South Cove neighborhood. Here is today’s list of the best values for South Cove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Azara Palm BayB12BR,2BA$1.22
Eastshore Palm BayJupiter1BR,1BA$1.75
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.30
Ascent of Palm BayCape1BR,1BA$1.39
Westshore Palm BayLucine1BR,1BA$1.80
Aqua Palm BayAmelia1BR,1BA$1.83
TrilliumOne Bedroom Apartment1BR,1BA$1.86
Woodlake Village1 Bed 1 Bath1BR,1BA$1.77
Palmview Cove Apartments1 Bed 1 Bath | Classic1BR,1BA$1.85

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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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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Pet Friendly Lifestyle
South Cove, Palm Bay, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap South Cove Apartments

What is the Cheapest Studio apartment in South Cove?

Currently the most affordable Cheap Studio Apartment in South Cove is at Tides at Palm Bay listed at $1,564.

How much is rent for a Cheap One Bedroom South Cove Apartment?

The lowest price for a Cheap One Bedroom South Cove Apartment is $1,157 at The Monroe on Monterey.

What is the lowest price for a Cheap Two Bedroom South Cove Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Cove is starting from $1,263 at Azara Palm Bay.

What is the most affordable South Cove Three Bedroom Apartment?

The best deal on a cheap South Cove Three Bedroom Apartment rental is at Ascent of Palm Bay and starts from $1,455.

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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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.

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.