Cheap Homes for Rent in the South Cove Neighborhood of Palm Bay, FL from $1,100 (38 Rentals)

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

property at 451 Mercury Ave SE
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

451 Mercury Ave SE, Unit 102

451 Mercury Ave SE
Palm BayFL32909

Rent According to Income: A Look at Income-Restricted Rentals

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property at 441 Mercury Ave SE
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

441 Mercury Ave SE, Unit 203

441 Mercury Ave SE
Palm BayFL32909
property at 2651 Kingswood Dr NE
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 1 Bath Home for Rent
Available Now

2651 Kingswood Dr NE

Palm BayFL32905
property at 2154 Henry St NE
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
4 Bedroom, 1.5 Bath Home for Rent
Available Now

2154 Henry St 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.

property at 1514 Manor Dr NE
$1,650

Total Monthly Price

Base Rent$1,650

Total Monthly Price$1,650
3 Bedroom, 3 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1514 Manor Dr NE

Palm BayFL32905
property at 731 Apollo Cir NE
$1,700

Total Monthly Price

Base Rent$1,700

Total Monthly Price$1,700
3 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

731 Apollo Cir 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.

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.

property at 1706 Apache St NE
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
3 Bedroom, 2 Bath Home for Rent
Available Now

1706 Apache St NE

Palm BayFL32907
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South Cove, Palm Bay, FL Local Guide

Best Value Homes for Rent in South Cove, FL

As of September 29, 2026 the best value rental home in the South Cove area is the $0.10 price per square foot 441 Mercury Ave SE Model at 441 Mercury Ave SE, Unit 203 in the South Cove neighborhood starting from $1,395. The second greatest value South Cove rental home is the 1932 Gloria Cir Model at 1932 Gloria Cir in the South Cove neighborhood starting at $2,405 with a $1.14 price per square foot. Here is today’s list of the best values for South Cove homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
441 Mercury Ave SE, Unit 203441 Mercury Ave SE2BR, 1BA$0.10
1932 Gloria Cir1932 Gloria Cir4BR, 2BA$1.14
1796 Barker St NE1796 Barker St NE3BR, 2BA$1.13
478 Heather Ave NE478 Heather Ave NE3BR, 2BA$1.12
1514 Manor Dr NE1514 Manor Dr NE3BR, 3BA$1.10
731 Apollo Cir NE731 Apollo Cir NE3BR, 2BA$1.20
1706 Apache St NE1706 Apache St NE3BR, 2BA$1.29
1706 Apache St NE1706 Apache St NE3BR, 2BA$1.29
1856 Edith St NE1856 Edith St NE3BR, 2BA$1.19
2154 Henry St NE2154 Henry St NE4BR, 1.5BA$1.43

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 77 Apartments for Rent in South Cove, FL with pricing that ranges from $995 to $29,672. There are also 97 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Cove ranging from $1,100 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 $1,100 to $5,900 with an average monthly rent of $2,309.

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 $1,550 to $15,213, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,625 to $5,900. Four Bedroom Single-Family rentals are also available starting from $1,500 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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.