Average Rent in West Palm Beach, FL

Current Versus Historical West Palm Beach, FL Rents

West Palm Beach rentals average $1,650 for a studio rental to $10,250 for a 4-bedroom rental. The median price of all currently available listings is $3,250, or roughly $37 per square feet.

For the apartment units and housing in May 2023, median rents have risen substantially over the last year. Studio rentals prices have decreased by $71,605 (-98.09%) year-over-year from $73,000 to $1,395. 1-bedroom rentals prices have increased by $426 (24.34%) year-over-year from $1,749 to $2,175. 2-bedroom rentals prices have increased by $600 (27.91%) year-over-year from $2,150 to $2,750. 3-bedroom rentals prices have increased by $923 (27.19%) year-over-year from $3,396 to $4,319. 4-bedroom rentals prices have increased by $6,875 (280.61%) year-over-year from $2,450 to $9,325. 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 37.62% this month. 1-bedroom rents have gone up by 13.97% this month. 2-bedroom rents have gone up by 12.51% this month. 3-bedroom rents have gone up by 23.77% this month. 4-bedroom rents have gone up by 62.17% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$47	$1,395	$73,000 (-98.09%)	$885 (57.63%)
1 BR	$38	$2,175	$1,749 (24.34%)	$1,200 (81.25%)
2 BR	$34	$2,750	$2,150 (27.91%)	$1,475 (86.44%)
3 BR	$39	$4,319	$3,396 (27.19%)	$1,848 (133.67%)
4+ BR	$55	$9,325	$2,450 (280.61%)	$2,377 (292.38%)

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 11 cities nearby West Palm Beach. The average rent in West Palm Beach is currently $3,800 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Greenacres, FL, with an average rent of $2,123, 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 $14,500 per month.

Let's compare West Palm Beach, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 16.67% more expensive. Two bedrooms in West Palm Beach, FL are about 2.27% more affordable. Finally, rent for three bedrooms are about 24.40% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near West Palm Beach, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Greenacres, FL	N/A	$1,820	$2,088	$2,123
Lake Worth, FL	$1,580	$1,775	$2,300	$2,350
Lantana, FL	N/A	$2,413	$3,273	$3,463
North Palm Beach, FL	N/A	$1,900	$3,400	$3,750
Palm Beach Gardens, FL	N/A	$2,513	$3,000	$3,800
Jupiter, FL	$2,700	$2,300	$3,325	$3,850
Riviera Beach, FL	N/A	$3,700	$5,000	$4,500
Wellington, FL	$9,000	$2,000	$3,000	$4,500
Juno Beach, FL	N/A	N/A	$4,500	$5,750
Palm Beach, FL	$2,325	$4,000	$13,500	$14,500

Top Neighborhoods Near West Palm Beach

There are a total of 5 neighborhoods in or near West Palm Beach. Some of these neighborhoods include North Palm Beach, PGA Resort Community, and The Bluffs. We've included all of these top 5 neighborhoods in or near West Palm Beach, FL in the following chart.

The average rent for these 5 neighborhoods in or near West Palm Beach, FL is currently around $4,500 per month. Meaning, only five neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than West Palm Beach's average rent, which is only $3,250. Out of all the neighborhoods in or near West Palm Beach, North Palm Beach has the most affordable average rent at $3,750 per month. Whereas, at $4,800 average rent per month, Greenview Shores of Wellington 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
North Palm Beach, West Palm Beach, FL	N/A	$2,950	$3,700	$3,750
PGA Resort Community, Palm Beach Gardens, FL	N/A	N/A	$3,500	$4,000
The Bluffs, Jupiter, FL	N/A	N/A	$3,400	$4,500
Palm Beach Polo and Country Club, Wellington, FL	N/A	$1,975	$4,825	$4,750
Greenview Shores of Wellington, Wellington, FL	N/A	N/A	$2,225	$4,800

Top Counties Near West Palm Beach

There are a total of 5 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 $3,800. That's roughly around $31 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lake Worth, FL. It's average rent per month is $2,500. Vice versa, with an average rent of $4,000, Jupiter, FL is the most expensive county by West Palm Beach, FL.

Typically, rent for studios in West Palm Beach, FL is 39.85% more affordable than other counties nearby. In comparison, rent for one bedroom listings in West Palm Beach, FL is 12.50% more expensive than other counties nearby. Finally, rent for two bedrooms in West Palm Beach, FL is 11.02% 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	$1,460	$1,750	$2,200	$2,500
Boynton Beach-Delray Beach, FL	$2,308	$2,100	$2,600	$3,300
West Palm Beach, FL	$2,250	$2,300	$3,350	$3,350
Royal Palm Beach-West Jupiter, FL	$2,950	$1,750	$2,848	$3,800
Riviera Beach, FL	N/A	$2,500	$3,801	$3,851
Jupiter, FL	$2,700	$2,300	$3,350	$4,000
Sunshine Parkway, FL	$6,000	$1,800	$2,600	$4,000

Top Zipcodes Near West Palm Beach

There are a total of 25 zipcodes in or near West Palm Beach, FL. The average rent for all of these zipcodes is $3,650. A total of 9 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 $1,800 per month. In comparison, the zipcode with the most expensive average rent of $12,000 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 $2,200 per month. Or in other words, $33 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $30 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	$3,000	$2,200	$3,000	$4,300
33401, West Palm Beach, FL	$1,523	$2,500	$3,775	$3,300
33418, Palm Beach Gardens, FL	N/A	$2,607	$3,500	$4,000
33477, Jupiter, FL	N/A	$2,350	$3,500	$3,900
33404, Riviera Beach, FL	N/A	$3,150	$5,000	$4,500
33480, Palm Beach, FL	$2,325	$3,450	$10,500	$12,000
33407, West Palm Beach, FL	$1,925	$2,700	$3,500	$3,650
33435, Boynton Beach, FL	$2,503	$2,150	$2,700	$3,200
33411, Royal Palm Beach, FL	N/A	$1,600	$2,150	$2,500
33460, Lake Worth, FL	$1,580	$1,800	$2,300	$2,500

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 $3,250. 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 $1,650 and an average price per square feet of $46.84. There are a total of 7 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 $2,400 and an average price per square feet of $38.17. There are a total of 125 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 $3,200 and an average price per square feet of $34.15. There are a total of 236 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 -0.98%, one bedroom rental prices have changed by 0.24%, two bedroom rental prices have changed by 0.28%, and three bedroom rental prices have changed by 0.27% 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 $2,600/month. You can search for these reasonably priced rental listings on RentHop.