Average Rent in West Palm Beach, FL

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Current Versus Historical West Palm Beach, FL Rents

West Palm Beach rentals average $1,800 for a studio rental to $7,500 for a 4-bedroom rental. The median price of all currently available listings is $3,025, or roughly $3 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $217 (12.15%) year-over-year from $1,783 to $2,000. 1-bedroom rentals prices have increased by $343 (18.52%) year-over-year from $1,854 to $2,198. 2-bedroom rentals prices have increased by $185 (7.99%) year-over-year from $2,315 to $2,500. 3-bedroom rentals prices have increased by $609 (19.09%) year-over-year from $3,191 to $3,800. 4-bedroom rentals prices have decreased by $592 (-9.33%) year-over-year from $6,342 to $5,750. 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 11.63% this month. 1-bedroom rents have gone up by 13.13% this month. 2-bedroom rents have gone up by 4.17% this month. 3-bedroom rents have gone up by 14.57% this month. 4-bedroom rents have gone up by 29.21% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.20 $2,000 $1,783 (12.15%) $838 (138.81%)
1 BR $3.14 $2,198 $1,854 (18.52%) $1,308 (67.96%)
2 BR $2.54 $2,500 $2,315 (7.99%) $1,608 (55.52%)
3 BR $2.96 $3,800 $3,191 (19.09%) $2,366 (60.62%)
4+ BR $3.68 $5,750 $6,342 (-9.33%) $3,292 (74.68%)

Historical Rents in West Palm Beach, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near West Palm Beach

There are a total of 13 cities nearby West Palm Beach. The average rent in West Palm Beach is currently $4,000 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Greenacres, FL, with an average rent of $2,300, is the most affordable city nearby. In contrast, the most expensive city near West Palm Beach, FL is Palm Beach, FL. Monthly rents here are on average $12,500 per month.

Let's compare West Palm Beach, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 10.87% more expensive. Two bedrooms in West Palm Beach, FL are about 5.26% more affordable. Finally, rent for three bedrooms are about 19.39% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near West Palm Beach, FL in the following chart.
City Studio 1 Bed 2 Bed All
Greenacres, FL N/A $1,799 $2,166 $2,300
Lake Worth, FL $1,486 $1,700 $2,600 $2,300
Royal Palm Beach, FL N/A $1,800 $2,200 $2,799
North Palm Beach, FL N/A $2,050 $3,000 $3,225
Palm Beach Gardens, FL N/A $2,100 $3,000 $4,000
The Acreage, FL N/A $1,600 $2,650 $4,000
Wellington, FL $13,250 $2,200 $2,650 $4,200
Juno Beach, FL N/A N/A $3,800 $4,525
Riviera Beach, FL N/A $2,738 $5,000 $4,975
Palm Beach, FL N/A $5,900 $9,000 $12,500

Top Neighborhoods Near West Palm Beach

There are a total of 4 neighborhoods in or near West Palm Beach. Some of these neighborhoods include Century Village, Palm Beach Polo and Country Club, and PGA Resort Community. We've included all of these top 4 neighborhoods in or near West Palm Beach, FL in the following chart.

The average rent for these 4 neighborhoods in or near West Palm Beach, FL is currently around $3,450 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $3,450. Interestingly, the neighborhoods' average rent is higher than West Palm Beach's average rent, which is only $3,025. Out of all the neighborhoods in or near West Palm Beach, Century Village has the most affordable average rent at $1,550 per month. Whereas, at $5,000 average rent per month, The Bluffs is the most expensive neighborhood in or near West Palm Beach. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Century Village, West Palm Beach, FL N/A $1,470 $1,650 $1,550
Palm Beach Polo and Country Club, Wellington, FL N/A $2,000 $2,400 $3,000
PGA Resort Community, Palm Beach Gardens, FL N/A $1,950 $3,000 $3,900
The Bluffs, Jupiter, FL $4,250 N/A $4,950 $5,000

Top Counties Near West Palm Beach

There are a total of 4 counties located by West Palm Beach, FL. Some of these counties include Lake Worth, FL, Boynton Beach-Delray Beach, FL, and West Palm Beach, FL. The average rent for rentals in these counties is $3,500. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Lake Worth, FL. It's average rent per month is $2,489. Vice versa, with an average rent of $4,100, Jupiter, FL is the most expensive county by West Palm Beach, FL.

Typically, rent for studios in West Palm Beach, FL is 17.44% more expensive than other counties nearby. In comparison, rent for one bedroom listings in West Palm Beach, FL is 15.22% more expensive than other counties nearby. Finally, rent for two bedrooms in West Palm Beach, FL is 12.28% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Lake Worth, FL $1,486 $1,700 $2,324 $2,489
Boynton Beach-Delray Beach, FL N/A $1,950 $2,500 $2,800
West Palm Beach, FL $1,800 $1,998 $2,800 $2,973
Royal Palm Beach-West Jupiter, FL $800 $1,838 $2,500 $3,500
Riviera Beach, FL N/A $2,100 $3,950 $3,700
Sunshine Parkway, FL $13,250 $1,850 $2,400 $3,900
Jupiter, FL $4,250 $2,200 $3,500 $4,100

Top Zipcodes Near West Palm Beach

There are a total of 24 zipcodes in or near West Palm Beach, FL. The average rent for all of these zipcodes is $3,200. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33417, West Palm Beach, FL at $1,600 per month. In comparison, the zipcode with the most expensive average rent of $8,500 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 West Palm Beach, FL is $2,025 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,675 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in West Palm Beach, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33414, Wellington, FL $13,250 $2,200 $2,650 $4,000
33401, West Palm Beach, FL $1,250 $2,388 $3,500 $3,200
33477, Jupiter, FL $4,250 $2,200 $3,750 $4,200
33418, Palm Beach Gardens, FL N/A $2,075 $3,000 $4,200
33480, Palm Beach, FL N/A $3,200 $7,500 $8,500
33404, Riviera Beach, FL N/A $2,500 $5,000 $4,975
33407, West Palm Beach, FL $2,000 $2,300 $2,550 $2,950
33435, Boynton Beach, FL N/A $2,000 $2,500 $2,500
33408, North Palm Beach, FL N/A $2,100 $3,100 $3,500
33411, Royal Palm Beach, FL N/A $1,750 $2,200 $2,600

Frequently Asked Questions - West Palm Beach Average Rents

What is the average rent price in West Palm Beach, FL?
The average monthly rental price for West Palm Beach, FL apartments for rent is approximately $3,025. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do West 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 West Palm Beach, FL.
How much is a studio apartment in West Palm Beach, FL?
The average monthly rental price for studio apartments is $1,800 and an average price per square feet of $3.20. There are a total of 6 studio apartment listings currently available for rent in West Palm Beach.
How much is a one bedroom apartment in West Palm Beach, FL?
The average monthly rental price for one bedroom apartments is $2,300 and an average price per square feet of $3.14. There are a total of 87 one bedroom apartment listings currently available for rent in West Palm Beach.
How much is a two bedroom apartment in West Palm Beach, FL?
The average monthly rental price for two bedroom apartments is $2,850 and an average price per square feet of $2.54. There are a total of 250 two bedroom apartment listings currently available for rent in West Palm Beach.
How have rent prices in West Palm Beach, FL changed this year?
Rent prices for rentals in West Palm Beach, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.19% year-over-year.
What is a reasonable rent price in West Palm Beach, FL?
A reasonable rent price in West Palm Beach, FL is around $2,420/month. You can search for these reasonably priced rental listings on RentHop.
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