Cheap Apartments for Rent in Palm Bay, FL from $700 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palm Bay.

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The Pines Apartments
1 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
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Hickory Pointe
1 to 2 Bedroom Apartments

Hickory Pointe

2700 Carlson CirMelbourne, FL 32901
Senior Living
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Pentagon Gardens
1 to 2 Bedroom Apartments

Pentagon Gardens

46 W New Haven AveMelbourne, FL 32901
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Windover Palms
1 to 3 Bedroom Apartments

Windover Palms

310 Fitness CirMelbourne, FL 32901
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The Highline
1 to 2 Bedroom Apartments

The Highline

635 E New Haven AveMelbourne, FL 32901

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 03/11/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
South Cove$1,860$8651635
The Compound$1,959$950316

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. Park at Palm Bay Apartments in the The Compound neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,035. Here is today’s list of the most affordable Palm Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windwood ApartmentsStudio Apartment (Standard)Studio,1BA$1,025
Park at Palm Bay ApartmentsOne Bedroom1BR,1BA$1,035
Indian River FlatsCoralStudio,1BA$1,049
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Monroe on MontereyA3R1BR,1BA$1,164
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,200
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
The Park at Topaz TuscanaVenice1BR,1BA$1,230
Woodlake Village1 Bed 1 Bath1BR,1BA$1,245

Best Value Apartments for Rent in Palm Bay, FL

As of March 11, 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 $2,435. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
130 Appleby St NE130 Appleby St NE4BR,2.5BA$1.02
510 Gregory St SE510 Gregory St SE4BR,2BA$1.13
542 Wicker Rd SW542 Wicker Rd SW4BR,2BA$1.13
542 Wicker Rd SW542 Wicker Rd SW4BR,2BA$1.13
542 Wicker Rd SW542 Wicker Rd SW4BR,2BA$1.13
437 Whitehall Ave SW437 Whitehall Ave SW4BR,2BA$1.13
437 Whitehall Ave SW437 Whitehall Ave SW4BR,2BA$1.13
437 Whitehall Ave SW437 Whitehall Ave SW4BR,2BA$1.13
250 Catalonia Ave NW250 Catalonia Ave NW4BR,2BA$1.13
250 Catalonia Ave NW250 Catalonia Ave NW4BR,2BA$1.13
250 Catalonia Ave NW250 Catalonia Ave NW4BR,2BA$1.13
1885 San Filippo Dr SE1885 San Filippo Dr SE4BR,2BA$1.14
582 Firebrand St582 Firebrand St4BR,2BA$1.14
458 Lambright St SW458 Lambright St SW4BR,2BA$1.14
2750 Gainesville Rd SE2750 Gainesville Rd SE4BR,2BA$1.14
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Palm Bay, FL Rentals by Map

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Getting Around Palm Bay, FL

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

Frequently Asked Questions about Cheap Palm Bay Apartments

What is the Cheapest Studio apartment in Palm Bay?

Currently the most affordable Cheap Studio Apartment in Palm Bay is at Windwood Apartments listed at $1,025.

How much is rent for a Cheap One Bedroom Palm Bay Apartment?

The lowest price for a Cheap One Bedroom Palm Bay Apartment is $1,035 at Park at Palm Bay Apartments.

What is the lowest price for a Cheap Two Bedroom Palm Bay Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palm Bay is starting from $1,241 at Park at Palm Bay Apartments.

What is the most affordable Palm Bay Three Bedroom Apartment?

The best deal on a cheap Palm Bay Three Bedroom Apartment rental is at Park at Palm Bay Apartments and starts from $1,418.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.