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from $985Studio to 2 Bedroom Apartments Available Now
Palm Side Apartments
210 Interchange Dr NEPalm Bay, FL 32907
Cheap Apartments for Rent in Palm Bay, FL from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Palm Bay.
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from $1,025Studio to 2 Bedroom Apartments Available Now
Windwood Apartments
1530 NE Windwood DrPalm Bay, FL 32905
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from $1,029Studio to 1 Bedroom Apartments Available Now
Indian River Flats
4700 NE Dixie HwyPalm Bay, FL 32905
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from $1,0461 to 3 Bedroom Apartments Contact Us For Availability
Park at Palm Bay Apartments
1200 SE Hadley CirPalm Bay, FL 32909
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from $1,1471 Bedroom Apartments Available Now
The Monroe on Monterey
1635 NE Monterey DrPalm Bay, FL 32905
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from $1,1951 to 3 Bedroom Apartments Available Now
Ascent of Palm Bay
3350 Wedgewood Dr NEPalm Bay, FL 32905
341 Mercury Ave SE
Palm BayFL32909
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from $1,2002 Bedroom Apartment Available Now
1875 Wabun Street Northeast, Unit Apt A
1875 Wabun Street NortheastPalm Bay, FL 32905
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from $1,2451 to 3 Bedroom Apartments Available Now
Woodlake Village
1700 Woodlake Dr NEPalm Bay, FL 32905
421 Mercury Ave SE
Palm BayFL32909
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from $1,2872 Bedroom Apartments Available Now
Palm Bay Club
1923 Pinewood Dr NEPalm Bay, FL 32905
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2421 Stone St
MelbourneFL32901
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from $1,1991 to 3 Bedroom Apartments Available Now
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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from $1,2241 to 2 Bedroom Apartments Available Now
Meadowdale Apartments
248 E University BlvdMelbourne, FL 32901
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from $1,2251 to 2 Bedroom Apartments Available Now
Stonewood Townhomes
325 E University BlvdMelbourne, FL 32901
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from $1,2301 to 2 Bedroom Apartments Available Mar 28
The Park at Topaz Tuscana
1245 Palm Bay RdMelbourne, FL 32905
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from $1,2751 to 3 Bedroom Apartments Available Now
Palmview Cove Apartments
3151 S Babcock StMelbourne, FL 32901
825 E University Blvd
MelbourneFL32901
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Showing Results 1-24, Page 1 of 1
Palm Bay, FL Local Guide
Turkey Creek Sanctuary by Gary Leavens is licensed under CC BY 2.0
How much does it cost to rent an apartment in Palm Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Palm Bay Studio Apartments | $1,193 | $985 | $2,009 |
| Cheap Palm Bay 1 Bedroom Apartments | $1,630 | $1,046 | $2,611 |
| Cheap Palm Bay 2 Bedroom Apartments | $1,869 | $1,200 | $3,272 |
| Cheap Palm Bay 3 Bedroom Apartments | $2,264 | $1,315 | $3,786 |
| Cheap Palm Bay 4 Bedroom Apartments | $1,938 | $865 | $3,850 |
Browse Top Apartments in Palm Bay
See all Apartments in Palm BayExplore Palm Bay
Palm Bay, FL Local Guide
- Palm Bay Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Palm Bay, FL
Pricing Updated: 03/26/2025Current apartment rentals in the Palm Bay, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Palm Bay Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| The Compound | $1,959 | $985 | 238 |
| South Cove | $2,200 | $865 | 1423 |
Cheapest Available Palm Bay Apartments for Rent
The cheapest available apartment rental in Palm Bay, FL is a Studio unit found at Windwood Apartments in the South Cove neighborhood priced from $1,025. Indian River Flats in the South Cove neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,029. Here is today’s list of the most affordable Palm Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windwood Apartments | Studio Apartment (Standard) | Studio,1BA | $1,025 |
| Indian River Flats | Coral | Studio,1BA | $1,029 |
| Palm Side Apartments | Studio (Upgraded) | Studio,1BA | $1,150 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
Best Value Apartments for Rent in Palm Bay, FL
As of March 26, 2025 the best value apartment in the Palm Bay area is the $1.02 price per square foot 130 Appleby St NE Model at 130 Appleby St NE in the in the The Compound neighborhood starting from $2,450. The second greatest value Palm Bay apartment is the 510 Gregory St SE Model at 510 Gregory St SE starting at $2,095 with a $1.13 price per square foot in the The Compound neighborhood. Here is today’s list of the best values for Palm Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 130 Appleby St NE | 130 Appleby St NE | 4BR,2.5BA | $1.02 |
| 510 Gregory St SE | 510 Gregory St SE | 4BR,2BA | $1.13 |
| 542 Wicker Rd SW | 542 Wicker Rd SW | 4BR,2BA | $1.13 |
| 2280 Gascon Rd SW | 2280 Gascon Rd SW | 4BR,2BA | $1.16 |
| 2750 Gainesville Rd SE | 2750 Gainesville Rd SE | 4BR,2BA | $1.14 |
| 3230 Hewitt Ave SE | 3230 Hewitt Ave SE | 4BR,2BA | $1.12 |
| 401 Hallcrest St | 401 Hallcrest St | 4BR,2BA | $1.12 |
| 3205 Aspen Rd SE | 3205 Aspen Rd SE | 4BR,2BA | $1.14 |
| Malabar Cove Apartments | Three Bedroom Two Bath (B) | 3BR,2BA | $1.01 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
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Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Palm Bay Apartments
What is a cheap apartment in Palm Bay?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palm Bay is under $1,256.
What is the price of a cheap apartment in Palm Bay?
The cheapest apartment in Palm Bay is Windwood Apartments which is listed at $1,185, while the average apartment in Palm Bay costs $2,079.
What types of apartments are the cheapest in Palm Bay?
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 38 regular apartments in Palm Bay 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 Palm Bay?
Cheap apartments in Palm Bay have an average cost of $931 which is $1,148 cheaper than the average rent for all rentals in Palm Bay.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.