
Cheap Apartments for Rent in the South Cove Neighborhood of Palm Bay, FL from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Cove area of Palm Bay.


942 Chace Ln NE

Indian River Flats

Windwood Apartments

1660 Bottlebrush Dr

The Monroe on Monterey
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.

341 Mercury Ave SE

Mercury cove Apartments

1875 Wabun Street Northeast, Unit Apt A

1914 Agora Cir SE

Ascent of Palm Bay

The Braxton
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.

Woodlake Village

1710 Bottlebrush Dr

1630 Bottlebrush Dr

4218 Overlook Dr

3818 Overlook Dr
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.

2850 Shwonda Ave NE

Palmview Cove Apartments
South Cove, Palm Bay, FL Local Guide

How much does it cost to rent an apartment in South Cove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Cove Studio Apartments | $1,021 | $920 | $1,150 |
| South Cove 1 Bedroom Apartments | $1,582 | $1,095 | $2,030 |
| South Cove 2 Bedroom Apartments | $1,736 | $699 | $2,064 |
| South Cove 3 Bedroom Apartments | $2,279 | $1,599 | $10,000+ |
| South Cove 4 Bedroom Apartments | $23,137 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 3 mile radius of the South Cove Neighborhood of Palm Bay, FL.
See all Apartments in Palm BayExplore Palm Bay
South Cove, Palm Bay, FL Local Guide
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Cheapest Available South Cove Apartments for Rent
 The cheapest available apartment rental in the South Cove area of Palm Bay, FL is a 2 Beds unit found at Palm Bay Club priced from $546. Indian River Flats has the second lowest priced unit, which is a Studio apartment currently listed from $920. Here are the most affordable South Cove apartments for rent in Palm Bay, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palm Bay Club | B1 | 2BR,2BA | $546 |
| Indian River Flats | Coral | Studio,1BA | $920 |
| The Monroe on Monterey | A3 | 1BR,1BA | $1,095 |
| Mercury cove Apartments | 2BR/1.0BA | 2BR,1BA | $1,195 |
| Ascent of Palm Bay | Cape | 1BR,1BA | $1,211 |
Best Value Apartments for Rent in South Cove, FL
As of December 22, 2025 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 Palm Bay Club starting at $546 with a $0.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Palm Bay Club | B1 | 2BR,2BA | $0.53 |
| Mercury cove Apartments | 2BR/1.0BA | 2BR,1BA | $1.20 |
| Ascent of Palm Bay | Cape | 1BR,1BA | $1.38 |
| 1875 Wabun Street Northeast, Unit Apt A | 1875 Wabun Street Northeast | 2BR,1BA | $1.41 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1.85 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.85 |
| Meri Palm Bay | A1 | 1BR,1BA | $1.79 |
| Trillium | One Bedroom Apartment | 1BR,1BA | $1.86 |
| Woodlake Village | 1 Bed 1 Bath Deluxe | 1BR,1BA | $1.80 |
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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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 ArticleQuick 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.
Pet Friendly LifestyleSouth Cove, Palm Bay, FL
Ranked #1
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Indian River Flats listed at $920.
How much is rent for a Cheap One Bedroom South Cove Apartment?
The lowest price for a Cheap One Bedroom South Cove Apartment is $1,095 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 $546 at Palm Bay Club.
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 $1,438.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
