Average Rent in 32905, Palm Bay, FL

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Current Versus Historical 32905, Palm Bay, FL Rents

32905 rentals average $1,225 for a 1-bedroom rental to $2,175 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $19 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $57 (-4.60%) year-over-year from $1,232 to $1,175. 1-bedroom rentals prices have decreased by $50 (-3.85%) year-over-year from $1,300 to $1,250. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,500 to $1,500. 3-bedroom rentals prices have increased by $14 (0.66%) year-over-year from $2,049 to $2,063. 4-bedroom rentals prices have decreased by $89 (-3.75%) year-over-year from $2,364 to $2,275. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.76% this month. 1-bedroom rents have gone down by 17.13% this month. 2-bedroom rents have gone down by 17.11% this month. 3-bedroom rents have gone down by 1.16% this month. 4-bedroom rents have gone up by 0.78% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$23.75	$1,250	$1,300 (-3.85%)	$1,192 (4.90%)
2 BR	$18.70	$1,500	$1,500 (0.00%)	$1,583 (-5.26%)
3 BR	$18.31	$2,063	$2,049 (0.66%)	$1,962 (5.14%)
4+ BR	$14.80	$2,275	$2,364 (-3.75%)	$2,311 (-1.57%)

Historical Rents in 32905, Palm Bay, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 32905

There are a total of 4 cities nearby 32905. The average rent in 32905 is currently $2,175 per month. Our records show that Melbourne, FL, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near 32905, Palm Bay, FL is Merritt Island, FL. Monthly rents here are on average $2,350 per month.

Let's compare 32905, Palm Bay, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 6.12% more affordable. Two bedrooms in 32905, Palm Bay, FL are about 10.00% more affordable. Finally, rent for three bedrooms are about 5.95% more affordable. Want more information? Check out the top 4 cities near 32905, Palm Bay, FL in the following table.

City	Studio	1 Bed	2 Bed	All
Melbourne, FL	$2,450	$1,300	$1,700	$1,950
Palm Bay, FL	N/A	$1,200	$1,500	$2,000
West Melbourne, FL	N/A	$1,300	$1,600	$2,350
Merritt Island, FL	$1,450	$1,450	$1,700	$2,350

Top Neighborhoods Near 32905

There are a total of 1 neighborhoods in or near 32905. One neighborhood in the area is Port Malabar Country Club. We've included all of these top 1 neighborhoods in or near 32905, Palm Bay, FL in the following table.

The average rent for these 1 neighborhoods in or near 32905, Palm Bay, FL is currently around $1,725 per month. A total of one neighborhood has a lower average rent. Interestingly, the neighborhoods' average rent is less than 32905's average rent, which is actually $1,800. Out of all the neighborhoods in or near 32905, Port Malabar Country Club has the most affordable average rent at $1,725 per month. Whereas, at $1,725 average rent per month, Port Malabar Country Club is the most expensive neighborhood in or near 32905. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Port Malabar Country Club, Palm Bay, FL	N/A	$1,300	$1,500	$1,725

Top Counties Near 32905

There are a total of 5 counties located by 32905, Palm Bay, FL. Some of these counties include Melbourne, FL, Palm Bay, FL, and Indialantic-Melbourne Beach, FL. The average rent for rentals in these counties is $2,500. That's roughly around $19 per sqft. The county that is the most affordable is Melbourne, FL. Its average rent per month is $1,950. Vice versa, with an average rent of $3,000, Melbourne Shores-Floridana Beach, FL is the most expensive county by 32905, Palm Bay, FL.

In comparison, rent for one bedroom listings in 32905, Palm Bay, FL is 30.61% more affordable than other counties nearby. Finally, rent for two bedrooms in 32905, Palm Bay, FL is 46.67% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Melbourne, FL	$2,450	$1,300	$1,600	$1,950
Palm Bay, FL	N/A	$1,200	$1,500	$2,000
Indialantic-Melbourne Beach, FL	$1,600	$1,695	$2,200	$2,500
West Brevard, FL	N/A	$1,600	$3,200	$2,600
Melbourne Shores-Floridana Beach, FL	N/A	$2,000	$2,500	$3,000

Top Zipcodes Near 32905

There are a total of 6 zipcodes in or near 32905, Palm Bay, FL. The average rent for all of these zipcodes is $2,275.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 32905, Palm Bay, FL is $1,313 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,750 per month. Which comes out to $20 per sqft. The following table includes the top 6 zipcodes in 32905, Palm Bay, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
32901, Melbourne, FL	$1,750	$1,325	$1,800	$1,900
32937, Indian Harbour Beach, FL	N/A	$1,648	$2,200	$2,700
32935, Melbourne, FL	$2,450	$1,250	$1,600	$1,823
32904, June Park, FL	N/A	$1,300	$1,600	$2,350
32940, Viera West, FL	N/A	$1,400	$1,838	$2,400
32955, Rockledge, FL	N/A	$1,050	$1,700	$2,200

Frequently Asked Questions - 32905 Average Rents

What is the average rent price in 32905, Palm Bay, FL?

The average monthly rental price for 32905, Palm Bay, FL apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 32905, Palm Bay, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 32905, Palm Bay, FL.

How much is a one bedroom apartment in 32905, Palm Bay, FL?

The average monthly rental price for one bedroom apartments is $1,225 and an average price per square feet of $23.75. There are a total of 6 one bedroom apartment listings currently available for rent in 32905.

How much is a two bedroom apartment in 32905, Palm Bay, FL?

The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $18.70. There are a total of 48 two bedroom apartment listings currently available for rent in 32905.

How have rent prices in 32905, Palm Bay, FL changed this year?

Rent prices for rentals in 32905, Palm Bay, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in 32905, Palm Bay, FL?

A reasonable rent price in 32905, Palm Bay, FL is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.