Rent in Palmetto, FL
Across Palmetto's 2 ZIP codes, a 2-bedroom typically rents for about $1,907 a month, with figures from $1,417–$2,188. The highest typical rent is in 34220 ($2,080) and the lowest in 34221 ($1,734). Owner-occupied homes in Manatee County pay about 0.78% 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 | $1,453 | $852–$1,749 | 2 |
| 1 bed | $1,585 | $1,020–$1,876 | 2 |
| 2 beds | $1,907 | $1,417–$2,188 | 2 |
| 3 beds | $2,479 | $2,033–$2,775 | 2 |
| 4 beds | $3,011 | $2,644–$3,309 | 2 |
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).
Palmetto ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Palmetto, FL?
- About $1,907 a month: the median of the typical rents in 2 ZIP codes, which range from $1,417–$2,188. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Palmetto, FL?
- About $1,585 a month: the median of the typical rents in 2 ZIP codes, which range from $1,020–$1,876. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Palmetto, FL?
- About $2,479 a month: the median of the typical rents in 2 ZIP codes, which range from $2,033–$2,775. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Palmetto, FL?
- About $1,453 a month: the median of the typical rents in 2 ZIP codes, which range from $852–$1,749. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Palmetto, FL?
- About $3,011 a month: the median of the typical rents in 2 ZIP codes, which range from $2,644–$3,309. Figures are gross rent (rent plus tenant-paid utilities).
- Which Palmetto ZIP code has the highest rent?
- For a 2-bedroom, 34220 has the highest typical rent at $2,080 a month, and 34221 the lowest at $1,734.
- What is the property tax rate in Palmetto, FL?
- Owner-occupied homes in Manatee County pay a typical 0.78% 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 Palmetto 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).