3-Bedroom Apartment Rent in Palm Bay, FL
Median asking rent for a 3-bedroom apartment in Palm Bay, Florida as of July 2026. That's +23% higher than the citywide median of $1,881 and +9% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Florida
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Pinewood | $1,249 |
| 2 | Bunnell | $1,270 |
| 3 | Palatka | $1,310 |
| 4 | Lake City | $1,350 |
| 5 | Polk City | $1,363 |
| 6 | Belleview | $1,460 |
| 7 | Auburndale | $1,520 |
| 8 | Bartow | $1,520 |
| 9 | Lake Alfred | $1,520 |
| 10 | Ocklawaha | $1,520 |
| 11 | Hernando | $1,530 |
| 12 | Crawfordville | $1,540 |
| 13 | Valparaiso | $1,547 |
| 14 | Crystal River | $1,555 |
| 15 | Sebring | $1,570 |
Most expensive cities for a 3-bedroom in Florida
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Weston | $4,747 |
| 2 | Key Biscayne | $4,510 |
| 3 | Parkland | $4,410 |
| 4 | Doral | $4,310 |
| 5 | Aventura | $4,210 |
| 6 | Loxahatchee | $4,150 |
| 7 | Pembroke Pines | $4,143 |
| 8 | Plantation | $3,997 |
| 9 | Coral Gables | $3,935 |
| 10 | Miami Beach | $3,880 |
| 11 | The Hammocks | $3,820 |
| 12 | Lithia | $3,800 |
| 13 | Bal Harbour | $3,760 |
| 14 | Sunrise | $3,730 |
| 15 | The Crossings | $3,710 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Palm Bay.
| City | Distance | 3-Bedroom rent | vs Palm Bay |
|---|---|---|---|
| West Melbourne, FL | 6.4 mi | $1,904 | $-419 (-18%) |
| Indialantic, FL | 9.5 mi | $2,720 | +$397 (+17%) |
| Melbourne, FL | 10.1 mi | $2,572 | +$249 (+11%) |
| Melbourne Beach, FL | 10.7 mi | $2,670 | +$347 (+15%) |
| Indian Harbour Beach, FL | 12.5 mi | $2,222 | $-101 (-4%) |
| Satellite Beach, FL | 14.1 mi | $2,690 | +$367 (+16%) |
| Sebastian, FL | 17.2 mi | $2,150 | $-173 (-7%) |
| Rockledge, FL | 22.2 mi | $2,560 | +$237 (+10%) |
| Cocoa Beach, FL | 23.7 mi | $2,480 | +$157 (+7%) |
| Vero Beach, FL | 25.3 mi | $1,928 | $-395 (-17%) |
| Merritt Island, FL | 27.3 mi | $2,070 | $-253 (-11%) |
| Cape Canaveral, FL | 28.7 mi | $1,740 | $-583 (-25%) |
3-Bedroom rent in Palm Bay — common questions
How much is a 3-bedroom apartment in Palm Bay?
As of July 2026, the median 3-bedroom apartment rent in Palm Bay, Florida is $2,323 per month. This is +23% higher than the citywide median of $1,881.
What income do you need to afford a 3-bedroom in Palm Bay?
Using the standard 30% rent-to-income rule, you would need an annual income of about $92,920 ($7,743/month gross), which works out to roughly $44.67/hour at a full-time job.
Is Palm Bay expensive for a 3-bedroom compared to the rest of the US?
Palm Bay's 3-bedroom median of $2,323 is +9% above the national 3-bedroom median of $2,130. It ranks in the 59th percentile of US cities tracked.
How does Palm Bay rank for 3-bedroom rent in Florida?
Among the 276 cities in Florida with 3-bedroom data, Palm Bay ranks #103 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Palm Bay?
Yes — nearby cities with cheaper 3-bedroom rents include West Melbourne ($1,904), Indian Harbour Beach ($2,222), Sebastian ($2,150).