Rent in Palm Bay, FL
Across Palm Bay's 7 ZIP codes, a 2-bedroom typically rents for about $1,780 a month, with figures from $1,395–$2,150. The highest typical rent is in 32908 ($2,150) and the lowest in 32905 ($1,586). Owner-occupied homes in Brevard County pay about 0.68% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,330 | $1,250–$1,600 | 7 |
| 1 bed | $1,530 | $889–$1,840 | 7 |
| 2 beds | $1,780 | $1,395–$2,150 | 7 |
| 3 beds | $2,380 | $1,702–$2,880 | 7 |
| 4 beds | $2,710 | $1,849–$3,270 | 7 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Palm Bay ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Palm Bay, FL?
- About $1,780 a month: the median of the typical rents in 7 ZIP codes, which range from $1,395–$2,150. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Palm Bay, FL?
- About $1,530 a month: the median of the typical rents in 7 ZIP codes, which range from $889–$1,840. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Palm Bay, FL?
- About $2,380 a month: the median of the typical rents in 7 ZIP codes, which range from $1,702–$2,880. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Palm Bay, FL?
- About $1,330 a month: the median of the typical rents in 7 ZIP codes, which range from $1,250–$1,600. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Palm Bay, FL?
- About $2,710 a month: the median of the typical rents in 7 ZIP codes, which range from $1,849–$3,270. Figures are gross rent (rent plus tenant-paid utilities).
- Which Palm Bay ZIP code has the highest rent?
- For a 2-bedroom, 32908 has the highest typical rent at $2,150 a month, and 32905 the lowest at $1,586.
- What is the property tax rate in Palm Bay, FL?
- Owner-occupied homes in Brevard County pay a typical 0.68% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Palm Bay rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).