Average Rent in Palmetto, FL

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Current Versus Historical Palmetto, FL Rents

Palmetto rentals average $2,150 for a 1-bedroom rental to $6,323 for a 4-bedroom rental. The median price of all currently available listings is $2,398, or roughly $20 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,250 to $1,250. 1-bedroom rentals prices have decreased by $233 (-9.79%) year-over-year from $2,383 to $2,150. 2-bedroom rentals prices have increased by $664 (38.32%) year-over-year from $1,733 to $2,398. 3-bedroom rentals prices have decreased by $1,125 (-33.09%) year-over-year from $3,400 to $2,275. 4-bedroom rentals prices have increased by $3,623 (134.19%) year-over-year from $2,700 to $6,323. 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 0.00% this month. 1-bedroom rents have gone down by 24.56% this month. 2-bedroom rents have gone up by 29.79% this month. 3-bedroom rents have gone up by 6.47% this month. 4-bedroom rents have gone down by 29.27% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$28.64	$2,150	$2,383 (-9.79%)	$1,344 (60.00%)
2 BR	$20.57	$2,398	$1,733 (38.32%)	$2,415 (-0.72%)
3 BR	$17.61	$2,275	$3,400 (-33.09%)	$2,720 (-16.36%)
4+ BR	$23.59	$6,323	$2,700 (134.19%)	$3,349 (88.78%)

Historical Rents in Palmetto, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Palmetto

There are a total of 2 cities nearby Palmetto. The average rent in Palmetto is currently $2,100 per month. Only one city nearby has an average rent lower than that. Our records show that South Bradenton, FL, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near Palmetto, FL is Bradenton, FL. Monthly rents here are on average $2,400 per month.

Let's compare Palmetto, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 41.28% more expensive. Two bedrooms in Palmetto, FL are about 15.02% more expensive. Finally, rent for three bedrooms are about 12.09% more affordable. Want more information? Check out the top 2 cities near Palmetto, FL in the following table.

City	Studio	1 Bed	2 Bed	All
South Bradenton, FL	$1,099	$1,175	$1,800	$1,800
Bradenton, FL	$1,050	$1,350	$2,275	$2,400

Top Neighborhoods Near Palmetto

There are a total of 1 neighborhoods in or near Palmetto. One neighborhood in the area is Heritage Harbour. We've included all of these top 1 neighborhoods in or near Palmetto, FL in the following table.

The average rent for these 1 neighborhoods in or near Palmetto, FL is currently around $2,500 per month. Interestingly, the neighborhoods' average rent is higher than Palmetto's average rent, which is only $2,398. Out of all the neighborhoods in or near Palmetto, Heritage Harbour has the most affordable average rent at $2,500 per month. Whereas, at $2,500 average rent per month, Heritage Harbour is the most expensive neighborhood in or near Palmetto. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Heritage Harbour, Myakka City, FL	N/A	N/A	$2,400	$2,500

Top Counties Near Palmetto

There are a total of 1 counties located by Palmetto, FL. One county in the area is Bradenton, FL. The average rent for rentals in these counties is $2,500. That's roughly around $23 per sqft. The county that is the most affordable is Bradenton, FL. Its average rent per month is $2,500. Vice versa, with an average rent of $2,500, Bradenton, FL is the most expensive county by Palmetto, FL.

In comparison, rent for one bedroom listings in Palmetto, FL is 34.42% more expensive than other counties nearby. Finally, rent for two bedrooms in Palmetto, FL is 8.24% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Bradenton, FL	$1,075	$1,410	$2,200	$2,500

Top Zipcodes Near Palmetto

There are a total of 3 zipcodes in or near Palmetto, FL. The average rent for all of these zipcodes is $2,500.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Palmetto, FL is $1,650 per month. Or in other words, $29 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,388 per month. Which comes out to $23 per sqft. The following table includes the top 3 zipcodes in Palmetto, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
34221, Palmetto, FL	N/A	$2,150	$1,850	$2,500
34209, Bradenton, FL	N/A	$1,650	$2,495	$2,800
34208, Bradenton, FL	$1,875	$1,525	$2,388	$2,500

Frequently Asked Questions - Palmetto Average Rents

What is the average rent price in Palmetto, FL?

The average monthly rental price for Palmetto, FL apartments for rent is approximately $2,398. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Palmetto, 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 Palmetto, FL.

How much is a one bedroom apartment in Palmetto, FL?

The average monthly rental price for one bedroom apartments is $2,150 and an average price per square feet of $28.64. There are a total of 2 one bedroom apartment listings currently available for rent in Palmetto.

How much is a two bedroom apartment in Palmetto, FL?

The average monthly rental price for two bedroom apartments is $2,398 and an average price per square feet of $20.57. There are a total of 12 two bedroom apartment listings currently available for rent in Palmetto.

How have rent prices in Palmetto, FL changed this year?

Rent prices for rentals in Palmetto, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.38%, three bedroom rental prices have changed by -0.33% year-over-year.

What is a reasonable rent price in Palmetto, FL?

A reasonable rent price in Palmetto, FL is around $1,918/month. You can search for these reasonably priced rental listings on RentHop.