Average Rent in Palm Beach, FL

Current Versus Historical Palm Beach, FL Rents

Palm Beach rentals average $0 for a studio rental to $60,000 for a 4-bedroom rental. The median price of all currently available listings is $12,000, or roughly $9 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $163,918 (15,142.49%) year-over-year from $1,083 to $165,000. 1-bedroom rentals prices have decreased by $1,167 (-24.02%) year-over-year from $4,857 to $3,690. 2-bedroom rentals prices have decreased by $1,125 (-10.34%) year-over-year from $10,875 to $9,750. 3-bedroom rentals prices have increased by $2,450 (10.89%) year-over-year from $22,500 to $24,950. 4-bedroom rentals prices have increased by $31,250 (92.59%) year-over-year from $33,750 to $65,000. 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 48.74% this month. 1-bedroom rents have gone up by 15.13% this month. 2-bedroom rents have gone down by 17.61% this month. 3-bedroom rents have gone up by 15.24% this month. 4-bedroom rents have gone down by 3.70% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$7.42	$3,690	$4,857 (-24.02%)	$2,633 (40.13%)
2 BR	$8.21	$9,750	$10,875 (-10.34%)	$6,483 (50.39%)
3 BR	$9.57	$24,950	$22,500 (10.89%)	$17,250 (44.64%)
4+ BR	$12.22	$65,000	$33,750 (92.59%)	$34,167 (90.24%)

Historical Rents in Palm Beach, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Palm Beach

There are a total of 2 cities nearby Palm Beach. The average rent in Palm Beach is currently $3,500 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Lake Worth, FL, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Palm Beach, FL is Juno Beach, FL. Monthly rents here are on average $4,500 per month.

Let's compare Palm Beach, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Palm Beach, FL is inf% more affordable than other cities nearby. One bedrooms are about 77.50% more expensive. Two bedrooms in Palm Beach, FL are about 70.91% more expensive. Finally, rent for three bedrooms are about 82.08% more expensive. Want more information? Check out the top 2 cities near Palm Beach, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Lake Worth, FL	$1,625	$1,800	$2,500	$2,500
Juno Beach, FL	N/A	N/A	$3,900	$4,500

Top Neighborhoods Near Palm Beach

There are a total of 2 neighborhoods in or near Palm Beach. We've included all of these top 2 neighborhoods in or near Palm Beach, FL in the following chart.

The average rent for these 2 neighborhoods in or near Palm Beach, FL is currently around $4,163 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Palm Beach, North Palm Beach has the most affordable average rent at $3,700 per month. Whereas, at $4,625 average rent per month, The Bluffs is the most expensive neighborhood in or near Palm Beach. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Palm Beach, West Palm Beach, FL	N/A	$2,950	$3,600	$3,700
The Bluffs, Jupiter, FL	$3,223	N/A	$3,500	$4,625

Top Counties Near Palm Beach

There are a total of 2 counties located by Palm Beach, FL. The average rent for rentals in these counties is $3,363. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is West Palm Beach, FL. It's average rent per month is $3,000. Vice versa, with an average rent of $3,725, Riviera Beach, FL is the most expensive county by Palm Beach, FL.

Typically, rent for studios in Palm Beach, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Palm Beach, FL is 47.50% more expensive than other counties nearby. Finally, rent for two bedrooms in Palm Beach, FL is 68.93% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
West Palm Beach, FL	$2,625	$2,000	$2,985	$3,000
Riviera Beach, FL	$1,600	$2,200	$3,850	$3,725

Top Zipcodes Near Palm Beach

There are a total of 7 zipcodes in or near Palm Beach, FL. The average rent for all of these zipcodes is $3,750. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33460, Lake Worth, FL at $2,500 per month. In comparison, the zipcode with the most expensive average rent of $9,500 per month is 33480, Palm Beach, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Palm Beach, FL is $2,000 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,150 per month. Which comes out to $3 per sqft. The following chart includes the top 7 zipcodes in Palm Beach, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33401, West Palm Beach, FL	N/A	$2,400	$3,500	$3,325
33480, Palm Beach, FL	N/A	$3,200	$9,000	$9,500
33435, Boynton Beach, FL	N/A	$2,000	$2,508	$2,600
33408, North Palm Beach, FL	N/A	$2,000	$3,150	$3,825
33483, Delray Beach, FL	N/A	$2,300	$4,950	$5,900
33460, Lake Worth, FL	$1,625	$1,800	$2,500	$2,500
33405, West Palm Beach, FL	N/A	$1,850	$3,125	$3,750

Frequently Asked Questions - Palm Beach Average Rents

What is the average rent price in Palm Beach, FL?

The average monthly rental price for Palm Beach, FL apartments for rent is approximately $12,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Palm Beach, 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 Palm Beach, FL.

How much is a studio apartment in Palm Beach, 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 1 studio apartment listings currently available for rent in Palm Beach.

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

The average monthly rental price for one bedroom apartments is $4,000 and an average price per square feet of $7.42. There are a total of 17 one bedroom apartment listings currently available for rent in Palm Beach.

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

The average monthly rental price for two bedroom apartments is $11,000 and an average price per square feet of $8.21. There are a total of 48 two bedroom apartment listings currently available for rent in Palm Beach.

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

Rent prices for rentals in Palm Beach, FL can fluctuate yearly. Specifically, studio rental prices have changed by 151.42%, one bedroom rental prices have changed by -0.24%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in Palm Beach, FL?

A reasonable rent price in Palm Beach, FL is around $9,600/month. You can search for these reasonably priced rental listings on RentHop.