2-Bedroom Apartment Rent in Palm Bay, FL
Median asking rent for a 2-bedroom apartment in Palm Bay, Florida as of July 2026. That's +9% lower than the citywide median of $1,881 and +3% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Palm Bay
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Palm Bay
Compare Palm Bay's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Florida
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Valparaiso | $892 |
| 2 | Polk City | $952 |
| 3 | Bunnell | $999 |
| 4 | Palatka | $1,030 |
| 5 | Hernando | $1,090 |
| 6 | Lake City | $1,110 |
| 7 | Ave Maria | $1,115 |
| 8 | Crystal River | $1,115 |
| 9 | Auburndale | $1,130 |
| 10 | Bartow | $1,130 |
| 11 | Lake Alfred | $1,130 |
| 12 | Belleview | $1,140 |
| 13 | Lake Wales | $1,170 |
| 14 | Homosassa | $1,190 |
| 15 | Ocklawaha | $1,190 |
Most expensive cities for a 2-bedroom in Florida
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Highland Beach | $3,501 |
| 2 | Key Biscayne | $3,490 |
| 3 | Weston | $3,440 |
| 4 | Doral | $3,340 |
| 5 | Aventura | $3,260 |
| 6 | Parkland | $3,195 |
| 7 | Loxahatchee | $3,180 |
| 8 | Coral Gables | $3,045 |
| 9 | Miami Beach | $3,003 |
| 10 | Pembroke Pines | $3,000 |
| 11 | Lithia | $2,970 |
| 12 | The Hammocks | $2,960 |
| 13 | Bal Harbour | $2,910 |
| 14 | Plantation | $2,893 |
| 15 | The Crossings | $2,870 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 2-bedroom rents than Palm Bay.
| City | Distance | 2-Bedroom rent | vs Palm Bay |
|---|---|---|---|
| West Melbourne, FL | 6.4 mi | $1,981 | +$273 (+16%) |
| Indialantic, FL | 9.5 mi | $2,000 | +$292 (+17%) |
| Melbourne, FL | 10.1 mi | $1,892 | +$184 (+11%) |
| Melbourne Beach, FL | 10.7 mi | $1,960 | +$252 (+15%) |
| Indian Harbour Beach, FL | 12.5 mi | $1,842 | +$134 (+8%) |
| Satellite Beach, FL | 14.1 mi | $1,980 | +$272 (+16%) |
| Sebastian, FL | 17.2 mi | $1,730 | +$22 (+1%) |
| Rockledge, FL | 22.2 mi | $1,880 | +$172 (+10%) |
| Cocoa Beach, FL | 23.7 mi | $1,820 | +$112 (+7%) |
| Vero Beach, FL | 25.3 mi | $1,553 | $-155 (-9%) |
| Merritt Island, FL | 27.3 mi | $1,525 | $-183 (-11%) |
| Cape Canaveral, FL | 28.7 mi | $1,280 | $-428 (-25%) |
2-Bedroom rent in Palm Bay — common questions
How much is a 2-bedroom apartment in Palm Bay?
As of July 2026, the median 2-bedroom apartment rent in Palm Bay, Florida is $1,708 per month. This is +9% below the citywide median of $1,881.
What income do you need to afford a 2-bedroom in Palm Bay?
Using the standard 30% rent-to-income rule, you would need an annual income of about $68,320 ($5,693/month gross), which works out to roughly $32.85/hour at a full-time job.
Is Palm Bay expensive for a 2-bedroom compared to the rest of the US?
Palm Bay's 2-bedroom median of $1,708 is +3% above the national 2-bedroom median of $1,655. It ranks in the 53th percentile of US cities tracked.
How does Palm Bay rank for 2-bedroom rent in Florida?
Among the 282 cities in Florida with 2-bedroom data, Palm Bay ranks #86 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Palm Bay?
Yes — nearby cities with cheaper 2-bedroom rents include Vero Beach ($1,553), Merritt Island ($1,525), Cape Canaveral ($1,280).