
Cheap Apartments for Rent in the The Compound Neighborhood of Palm Bay, FL from $1,000 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Compound area of Palm Bay.


Park at Palm Bay Apartments

268 Pioneer Ave NE

1370 Cogan Dr

585 El Dorado Ave SE
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.

Madalyn Landing

2181 Agora Cir SE

Total Monthly Price
Malabar Cove Apartments

The Pointe at Palm Bay

701 Airoso Rd 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.

Total Monthly Price
Isla

567 Poplar St SE

439 Hamy St

Palm Side Apartments

1625 Santos St SE
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.

461 Ellington Ave 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 1 Bedroom Apartments | $1,568 | $1,046 | $1,950 |
| The Compound 2 Bedroom Apartments | $1,757 | $1,120 | $2,200 |
| The Compound 3 Bedroom Apartments | $2,145 | $1,453 | $2,500 |
| The Compound 4 Bedroom Apartments | $2,125 | $1,899 | $2,330 |
Browse Apartments in this Neighborhood
There are currently 16 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 $1,499. Isla has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,529. 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 | $1,499 |
| Isla | A1 | 1BR,1BA | $1,529 |
| Madalyn Landing | 3 Bed/2 Bath | 3BR,2BA | $1,646 |
Best Value Apartments for Rent in The Compound, FL
As of June 11, 2026 the best value apartment in the The Compound area is the $1.42 price per square foot 3 Bed/2 Bath Model at Madalyn Landing in the in the The Compound neighborhood starting from $1,646. The second greatest value The Compound apartment is the A1 Model at Isla starting at $1,529 with a $2.02 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. |
|---|---|---|---|
| Madalyn Landing | 3 Bed/2 Bath | 3BR,2BA | $1.42 |
| Isla | A1 | 1BR,1BA | $2.02 |
| The Pointe at Palm Bay | A1 | 1BR,1BA | $2.18 |
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.
Read ArticleReal 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.
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
How much is rent for a Cheap One Bedroom The Compound Apartment?
The lowest price for a Cheap One Bedroom The Compound Apartment is $1,492 at The Pointe at Palm Bay.
What is the lowest price for a Cheap Two Bedroom The Compound Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in The Compound is starting from $1,829 at Isla.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.