
Cheap Apartments for Rent in the The Compound Neighborhood of Palm Bay, FL from $1,000 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Compound area of Palm Bay.


Palm Side Apartments

1370 Cogan Dr

499 Thor Ave SE

2181 Agora Cir SE

Total Monthly Price
Malabar Cove Apartments

Madalyn Landing
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.

585 El Dorado Ave SE

701 Airoso Rd SE

The Pointe at Palm Bay

Total Monthly Price
Isla

123 Carmelite Ave NW

428 Trumpet St SW

829 Tampa Ave SE
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.

791 Geary St SW

1025 St Johns St SE

498 Reading St SE

1219 Waterway St SW

567 Poplar St SE

123 Carmelite Ave NW

752 Gelaso St SW
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.

460 Bargello Ave SE

1490 Van Buren Ave SE

247 High Rd NW

620 Remington Green Dr SE

394 Sherman St SE

184 Benchor Rd NW

194 Holiday Park Blvd NE
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1215 Hastings Rd SW

2749 Freehold Ave SE

1624 Espejo St SE
The Compound, Palm Bay, FL Local Guide

How much does it cost to rent an apartment in The Compound?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Compound Studio Apartments | $1,100 | $1,050 | $1,150 |
| The Compound 1 Bedroom Apartments | $1,625 | $1,046 | $1,950 |
| The Compound 2 Bedroom Apartments | $1,738 | $1,120 | $2,200 |
| The Compound 3 Bedroom Apartments | $1,915 | $1,453 | $2,500 |
| The Compound 4 Bedroom Apartments | $1,939 | $1,899 | $2,019 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 3 mile radius of the The Compound Neighborhood of Palm Bay, FL.
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The Compound, Palm Bay, FL Local Guide
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Cheapest Available The Compound Apartments for Rent
 The cheapest available apartment rental in the The Compound area of Palm Bay, FL is a 1 Bed unit found at The Pointe at Palm Bay priced from $1,512. Isla has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,554. Here are the most affordable The Compound apartments for rent in Palm Bay, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Pointe at Palm Bay | A1 | 1BR,1BA | $1,512 |
| Isla | A1 | 1BR,1BA | $1,554 |
| Malabar Cove Apartments | Three Bedroom Two Bath (b) | 3BR,2BA | $1,599 |
| Madalyn Landing | 2 Bed/2 Bath | 2BR,2BA | $1,614 |
Best Value Apartments for Rent in The Compound, FL
As of April 26, 2026 the best value apartment in the The Compound area is the $1.31 price per square foot Three Bedroom Two Bath Model at Malabar Cove Apartments in the in the The Compound neighborhood starting from $1,699. The second greatest value The Compound apartment is the 2 Bed/2 Bath Model at Madalyn Landing starting at $1,614 with a $1.73 price per square foot in the The Compound neighborhood. Here is today’s list of the best values for The Compound apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Malabar Cove Apartments | Three Bedroom Two Bath | 3BR,2BA | $1.31 |
| Madalyn Landing | 2 Bed/2 Bath | 2BR,2BA | $1.73 |
| Isla | A1 | 1BR,1BA | $2.06 |
| The Pointe at Palm Bay | A1 | 1BR,1BA | $2.21 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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 ArticleCash 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.
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.
Best Local Schools in The Compound, Palm Bay, FL
School data provided by Great Schools
Frequently Asked Questions about Cheap The Compound Apartments
What is the price of a cheap apartment in The Compound?
The cheapest apartment in The Compound is The Pointe at Palm Bay which is listed at $1,512, while the average apartment in The Compound costs $1,959.
What types of apartments are the cheapest in The Compound?
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 7 regular apartments in The Compound 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 The Compound?
Cheap apartments in The Compound have an average cost of $1,018 which is $941 cheaper than the average rent for all rentals in The Compound.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.