Cheap Homes for Rent in the South Cove Neighborhood of Palm Bay, FL from $900 (32 Rentals)

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

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 451 Mercury Ave SE

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

2 Bedroom, 1 Bath Condo for Rent

Available Now

451 Mercury Ave SE, Unit 201

451 Mercury Ave SE
Palm BayFL32909
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

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 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

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 2154 Henry St NE

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

4 Bedroom, 1.5 Bath Home for Rent

Available Aug 1

2154 Henry St NE

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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Showing Results 1-32, Page 1 of 1

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. Woodlake Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,240. 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
Woodlake Village1 Bed 1 Bath1BR,1BA$1,240
The Monroe on MontereyA11BR,1BA$1,242
The BraxtonA21BR,1BA$1,265
Azara Palm BayB12BR,2BA$1,275
Westshore Palm BayLucine1BR,1BA$1,405
TrilliumOne Bedroom Apartment1BR,1BA$1,410
Eastshore Palm BayCaptiva1BR,1BA$1,440
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1,495

Best Value Apartments for Rent in South Cove, FL

As of July 31, 2026 the best value apartment in the South Cove area is the $1.31 price per square foot Amelia Model at Ascent of Palm Bay in the in the South Cove neighborhood starting from $1,686. The second greatest value South Cove apartment is the 2x2 Student Apartment Model at Melbourne Commons starting at $960 with a $0.84 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.
Ascent of Palm BayAmelia2BR,2BA$1.31
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Azara Palm BayB12BR,2BA$1.37
Aqua Palm BayOrmond2BR,1BA$1.71
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.50
Eastshore Palm BayDelray1BR,1BA$1.70
1831 Convair St SE, Unit #1011831 Convair St SE2BR,1.5BA$1.67
Westshore Palm BayLucine1BR,1BA$1.78
TrilliumOne Bedroom Apartment1BR,1BA$1.86
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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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 South Cove

What type of rentals are currently available in South Cove?

There are currently 75 Apartments for Rent in South Cove, FL with pricing that ranges from $1,029 to $31,514. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Cove ranging from $950 to $5,900.

What is the current price range for Rental Homes in South Cove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Cove ranges from $950 to $5,900 with an average monthly rent of $2,253.

How much are larger Three and Four Bedroom Rentals in South Cove?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Cove range from $1,478 to $14,952, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $5,900. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $10,000.

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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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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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.

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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.