
Cheap Apartments for Rent in the The Compound Neighborhood of Palm Bay, FL from $900 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Compound area of Palm Bay.


Isla
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.

Madalyn Landing

Malabar Cove Apartments
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.

Park at Palm Bay Apartments
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 | $1,072 | $995 | $1,150 |
| The Compound 1 Bedroom Apartments | $1,476 | $1,046 | $1,615 |
| The Compound 2 Bedroom Apartments | $1,595 | $1,254 | $1,945 |
| The Compound 3 Bedroom Apartments | $1,731 | $1,453 | $2,250 |
| The Compound 4 Bedroom Apartments | $1,976 | $1,914 | $2,019 |
Browse Apartments in this Neighborhood
There are currently 5 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 Studio unit found at Palm Side Apartments priced from $1,150. Madalyn Landing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,470. Here are the most affordable The Compound apartments for rent in Palm Bay, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palm Side Apartments | Studio (Upgraded) | Studio,1BA | $1,150 |
| Madalyn Landing | 2 Bed/2 Bath | 2BR,2BA | $1,470 |
| The Pointe at Palm Bay | A1 | 1BR,1BA | $1,489 |
Best Value Apartments for Rent in The Compound, FL
As of January 13, 2026 the best value apartment in the The Compound area is the $1.32 price per square foot Three Bedroom Two Bath Model at Malabar Cove Apartments in the in the The Compound neighborhood starting from $1,709. The second greatest value The Compound apartment is the 2 Bed/2 Bath Model at Madalyn Landing starting at $1,470 with a $1.57 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 | $1.32 |
| Madalyn Landing | 2 Bed/2 Bath | 2BR,2BA | $1.57 |
| Isla | A1 | 1BR,1BA | $2.12 |
| The Pointe at Palm Bay | A1 | 1BR,1BA | $2.17 |
| Palm Side Apartments | Studio (Upgraded) | Studio ,1BA | $3.83 |
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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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
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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 Palm Side Apartments which is listed at $1,195, while the average apartment in The Compound costs $1,995.
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 5 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 $924 which is $1,071 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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!