Cheap Apartments for Rent in the The Compound Neighborhood of Palm Bay, FL from $1,000 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the The Compound area of Palm Bay.

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 585 El Dorado Ave SE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

585 El Dorado Ave SE

Palm BayFL32909
property at 701 Airoso Rd SE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

701 Airoso Rd SE

Palm BayFL32909
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Isla
Rent Specials
$1,554 - $2,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,554 - $2,179

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Isla

1205 Jaslo StPalm Bay, FL 32909
Family Friendly
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property at 123 Carmelite Ave NW

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 2 Bath Home for Rent

Available Now

123 Carmelite Ave NW

Palm BayFL32907

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.

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.

property at 247 High Rd NW

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 2 Bath Home for Rent

Available Now

247 High Rd NW

Palm BayFL32907
property at 620 Remington Green Dr SE

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 2 Bath Townhome for Rent

Available Now

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.

property at 2749 Freehold Ave SE

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 2 Bath Home for Rent

Available Now

2749 Freehold Ave SE

Palm BayFL32909
property at 1624 Espejo St SE

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1624 Espejo St SE

Palm BayFL32909

The Compound, Palm Bay, FL Local Guide

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 ListingModel NameBed/BathPriced From
The Pointe at Palm BayA11BR,1BA$1,512
IslaA11BR,1BA$1,554
Malabar Cove ApartmentsThree Bedroom Two Bath (b)3BR,2BA$1,599
Madalyn Landing2 Bed/2 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Malabar Cove ApartmentsThree Bedroom Two Bath3BR,2BA$1.31
Madalyn Landing2 Bed/2 Bath2BR,2BA$1.73
IslaA11BR,1BA$2.06
The Pointe at Palm BayA11BR,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.

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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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The 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.

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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.

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Quick Rent Budget Calculator

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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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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

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.