Average Rent in Palm Bay, FL (2026)
Typical asking rent in Palm Bay is $2,046. Across the 4 ZIP codes with data it runs from $1,573 to $2,094, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Palm Bay
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 32908 | Brevard County | $2,094 | +2% |
| 32907 | Brevard County | $2,085 | +2% |
| 32909 | Brevard County | $2,007 | -2% |
| 32905 | Brevard County | $1,573 | -23% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Palm Bay sits in the Palm Bay-Melbourne-Titusville, FL metro area.
Other Florida cities
Would a rental in Palm Bay cash flow?
Start the analyzer with the Palm Bay median rent of $2,046 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.