Cheap Apartments for Rent in the South Cove Neighborhood of Palm Bay, FL from $982 (57 Rentals)

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

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2505 Spence Dr NE, Unit B
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Sep 1

2505 Spence Dr NE, Unit B

2505 Spence Dr NEPalm Bay, FL 32905
Affordability
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Ascent of Palm Bay
$1,205 - $1,628
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $1,628
Total Monthly Price
$1,205 - $1,628
1 to 3 Bedroom Apartments Available Oct 17

Ascent of Palm Bay

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

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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Meri Palm Bay
Rent Specials
$1,412 - $1,929
Total Monthly Price

Total Monthly Price

Base Rent
$1,412 - $1,929
Total Monthly Price
$1,412 - $1,929
1 to 3 Bedroom Apartments Available Now

Meri Palm Bay

1880 Mogra Circle NEPalm Bay, FL 32905
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 2154 Henry St NE

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

4 Bedroom, 1.5 Bath Home for Rent

Available Sep 1

2154 Henry St 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 731 Apollo Cir NE

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 2 Bath Home for Rent

Available Now

731 Apollo Cir NE

Palm BayFL32905
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The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
  • Utilities Included

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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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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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 Studio unit found at Indian River Flats priced from $1,029. The Monroe on Monterey has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,110. Here are the most affordable South Cove apartments for rent in Palm Bay, FL:

Apartment ListingModel NameBed/BathPriced From
Indian River FlatsCoralStudio,1BA$1,029
The Monroe on MontereyA31BR,1BA$1,110
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The BraxtonA11BR,1BA$1,255
Palmview Cove Apartments1BR - 1BTH1BR,1BA$1,275
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,375
Westshore Palm BayLucine1BR,1BA$1,376
Azara Palm BayB12BR,2BA$1,399
TrilliumOne Bedroom Apartment1BR,1BA$1,410
Aqua Palm BayAmelia1BR,1BA$1,449

Best Value Apartments for Rent in South Cove, FL

As of August 29, 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 $1,399 with a $1.35 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$1.35
Meri Palm BayB1R2BR,2BA$1.74
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.38
Palmview Cove Apartments2BR - 2BTH Renovated2BR,2BA$1.73
1831 Convair St SE, Unit #1011831 Convair St SE2BR,1.5BA$1.67
Eastshore Palm BaySiesta1BR,1BA$1.81
Aqua Palm BayAmelia1BR,1BA$1.83
Westshore Palm BayLucine1BR,1BA$1.74
Woodlake Village1 Bed 1 Bath1BR,1BA$1.77

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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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 a cheap apartment in South Cove?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Cove is under $1,449.

What is the price of a cheap apartment in South Cove?

The cheapest apartment in South Cove is The Monroe on Monterey which is listed at $1,110, while the average apartment in South Cove costs $1,929.

What types of apartments are the cheapest in South Cove?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 224 regular apartments in South Cove that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Cove?

Cheap apartments in South Cove have an average cost of $1,281 which is $648 cheaper than the average rent for all rentals in South Cove.

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.

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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.