Average Rent in 32909, Palm Bay, FL

Current Versus Historical 32909, Palm Bay, FL Rents

32909 rentals average $0 for a 1-bedroom rental to $2,350 for a 4-bedroom rental. The median price of all currently available listings is $2,100, or roughly $1 per square feet.

For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1,200 (114.29%) year-over-year from $1,050 to $2,250. 1-bedroom rentals prices have decreased by $25 (-2.00%) year-over-year from $1,250 to $1,225. 2-bedroom rentals prices have increased by $83 (5.59%) year-over-year from $1,492 to $1,575. 3-bedroom rentals prices have decreased by $91 (-4.57%) year-over-year from $1,991 to $1,900. 4-bedroom rentals prices have increased by $0 (0.01%) year-over-year from $2,350 to $2,350. 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 down by 12.34% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 2.16% this month. 3-bedroom rents have gone down by 3.39% this month. 4-bedroom rents have gone up by 1.44% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.62	$1,575	$1,492 (5.59%)	$1,379 (14.20%)
3 BR	$1.35	$1,900	$1,991 (-4.57%)	$1,573 (20.76%)
4+ BR	$1.23	$2,350	$2,350 (0.01%)	$1,775 (32.39%)

Historical Rents in 32909, Palm Bay, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 32909

There are a total of 3 cities nearby 32909. The average rent in 32909 is currently $2,025 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Melbourne, FL, with an average rent of $1,995, is the most affordable city nearby. In contrast, the most expensive city near 32909, Palm Bay, FL is Wabasso Beach, FL. Monthly rents here are on average $9,000 per month.

Let's compare 32909, Palm Bay, FL's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in 32909, Palm Bay, FL are about 1.56% more affordable. Finally, rent for three bedrooms are about 10.00% more affordable. Want more information? Check out the top 3 cities near 32909, Palm Bay, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Melbourne, FL	N/A	$1,350	$1,625	$1,995
Palm Bay, FL	$1,248	$1,375	$1,475	$2,025
Wabasso Beach, FL	N/A	N/A	$8,500	$9,000

Top Neighborhoods Near 32909

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 32909

Some of these counties include Melbourne, FL, Palm Bay, FL, and Indialantic-Melbourne Beach, FL. The average rent for rentals in these counties is $2,050. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Melbourne, FL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,885, Indialantic-Melbourne Beach, FL is the most expensive county by 32909, Palm Bay, FL.

In comparison, rent for one bedroom listings in 32909, Palm Bay, FL is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 32909, Palm Bay, FL is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Melbourne, FL	N/A	$1,350	$1,600	$2,000
Palm Bay, FL	$1,248	$1,375	$1,488	$2,050
Indialantic-Melbourne Beach, FL	N/A	$1,500	$2,600	$2,885

Top Zipcodes Near 32909

There are a total of 3 zipcodes in or near 32909, Palm Bay, FL. The average rent for all of these zipcodes is $2,700.

The following chart includes the top 3 zipcodes in 32909, Palm Bay, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
32937, Indian Harbour Beach, FL	N/A	N/A	$2,700	$2,900
32935, Melbourne, FL	N/A	$1,350	$1,523	$1,725
32940, Viera West, FL	N/A	$1,375	$1,938	$2,700

Frequently Asked Questions - 32909 Average Rents

What is the average rent price in 32909, Palm Bay, FL?

The average monthly rental price for 32909, Palm Bay, FL apartments for rent is approximately $2,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 32909, 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 32909, Palm Bay, FL.

How much is a studio apartment in 32909, Palm Bay, FL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 32909.

How much is a one bedroom apartment in 32909, Palm Bay, FL?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in 32909.

How much is a two bedroom apartment in 32909, Palm Bay, FL?

The average monthly rental price for two bedroom apartments is $1,600 and an average price per square feet of $1.62. There are a total of 4 two bedroom apartment listings currently available for rent in 32909.

How have rent prices in 32909, Palm Bay, FL changed this year?

Rent prices for rentals in 32909, Palm Bay, FL can fluctuate yearly. Specifically, studio rental prices have changed by 1.14%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.05% year-over-year.

What is a reasonable rent price in 32909, Palm Bay, FL?

A reasonable rent price in 32909, Palm Bay, FL is around $1,680/month. You can search for these reasonably priced rental listings on RentHop.