Cheap Homes for Rent in Palm Bay, FL from $600 (32 Rentals)

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property at 740 Angle St NE

740 Angle St NE

Palm BayFL32909
Showing Results 1-32, Page 1 of 1

Palm Bay, FL Local Guide

Cheapest Neighborhoods for Apartments in Palm Bay, FL

Pricing Updated: 04/10/2025

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
The Compound$3,000$995156
South Cove$5,325$80061

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 ListingModel NameBed/BathPriced From
Windwood ApartmentsStudio Apartment (Standard)Studio,1BA$1,025
Indian River FlatsCoralStudio,1BA$1,029
Palm Side ApartmentsStudio (Upgraded)Studio,1BA$1,150
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,200
Malabar Lakes ApartmentsHaven1BR,1BA$1,223
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Stonewood Townhomes1x1R1BR,1BA$1,225
Woodlake Village1 Bed 1 Bath1BR,1BA$1,245

Best Value Apartments for Rent in Palm Bay, FL

As of April 10, 2025 the best value apartment in the Palm Bay area is the $1.27 price per square foot Three Bedroom Two Bath (B) Model at Malabar Cove Apartments in the in the The Compound neighborhood starting from $1,649. The second greatest value Palm Bay apartment is the St. Augustine Model at Ascent of Palm Bay starting at $1,573 with a $1.22 price per square foot in the South Cove 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.
Malabar Cove ApartmentsThree Bedroom Two Bath (B)3BR,2BA$1.27
Ascent of Palm BaySt. Augustine3BR,2BA$1.22
10X Harbour BayB12BR,2BA$1.31
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
The Haven at West MelbourneB22BR,2BA$1.47
Palm Bay ClubB12BR,2BA$1.31
Mercury Cove Apartments2BR/1.0BA2BR,1BA$1.40
Topaz VillageCottage Townhome - Remodel2BR,1.5BA$1.47
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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Frequently Asked Questions about Palm Bay

What type of rentals are currently available in Palm Bay?

There are currently 170 Apartments for Rent in Palm Bay, FL with pricing that ranges from $865 to $20,200. There are also 434 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palm Bay ranging from $650 to $7,950.

What is the current price range for Rental Homes in Palm Bay?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palm Bay ranges from $650 to $7,950 with an average monthly rent of $2,807.

How much are larger Three and Four Bedroom Rentals in Palm Bay?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Palm Bay range from $1,454 to $9,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $865.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.