Studio Apartment Rent in Palm Bay, FL
Median asking rent for a studio apartment in Palm Bay, Florida as of July 2026. That's +33% lower than the citywide median of $1,881 and +2% below the national studio median of $1,290.
Income needed for a studio 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 studio 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 studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Pinewood | $360 |
| 2 | Palatka | $780 |
| 3 | Lake City | $840 |
| 4 | Belleview | $860 |
| 5 | Hernando | $860 |
| 6 | Crystal River | $865 |
| 7 | Treasure Island | $872 |
| 8 | Sebring | $875 |
| 9 | Auburndale | $910 |
| 10 | Bartow | $910 |
| 11 | Ocklawaha | $910 |
| 12 | Lake Alfred | $920 |
| 13 | Lake Placid | $930 |
| 14 | Cape Canaveral | $940 |
| 15 | Freeport | $940 |
Most expensive cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Key Biscayne | $2,560 |
| 2 | Weston | $2,547 |
| 3 | Doral | $2,450 |
| 4 | Aventura | $2,390 |
| 5 | Loxahatchee | $2,380 |
| 6 | Parkland | $2,365 |
| 7 | Windermere | $2,360 |
| 8 | Lithia | $2,350 |
| 9 | Coral Gables | $2,235 |
| 10 | West Miami | $2,220 |
| 11 | Pembroke Pines | $2,220 |
| 12 | Miami Beach | $2,203 |
| 13 | Royal Palm Beach | $2,178 |
| 14 | The Hammocks | $2,170 |
| 15 | Apollo Beach | $2,170 |
Nearby cities — studio rent
Considering nearby alternatives? 4 of these cities have cheaper studio rents than Palm Bay.
| City | Distance | Studio rent | vs Palm Bay |
|---|---|---|---|
| West Melbourne, FL | 6.4 mi | $1,047 | $-211 (-17%) |
| Indialantic, FL | 9.5 mi | $1,470 | +$212 (+17%) |
| Melbourne, FL | 10.1 mi | $1,390 | +$132 (+10%) |
| Melbourne Beach, FL | 10.7 mi | $1,440 | +$182 (+14%) |
| Satellite Beach, FL | 14.1 mi | $1,460 | +$202 (+16%) |
| Sebastian, FL | 17.2 mi | $1,370 | +$112 (+9%) |
| Rockledge, FL | 22.2 mi | $1,380 | +$122 (+10%) |
| Cocoa Beach, FL | 23.7 mi | $1,340 | +$82 (+7%) |
| Vero Beach, FL | 25.3 mi | $1,228 | $-30 (-2%) |
| Merritt Island, FL | 27.3 mi | $1,120 | $-138 (-11%) |
| Cape Canaveral, FL | 28.7 mi | $940 | $-318 (-25%) |
| Saint Cloud, FL | 39.8 mi | $1,788 | +$530 (+42%) |
Studio rent in Palm Bay — common questions
How much is a studio apartment in Palm Bay?
As of July 2026, the median studio apartment rent in Palm Bay, Florida is $1,258 per month. This is +33% below the citywide median of $1,881.
What income do you need to afford a studio in Palm Bay?
Using the standard 30% rent-to-income rule, you would need an annual income of about $50,320 ($4,193/month gross), which works out to roughly $24.19/hour at a full-time job.
Is Palm Bay expensive for a studio compared to the rest of the US?
Palm Bay's studio median of $1,258 is +2% below the national studio median of $1,290. It ranks in the 48th percentile of US cities tracked.
How does Palm Bay rank for studio rent in Florida?
Among the 261 cities in Florida with studio data, Palm Bay ranks #68 from cheapest to most expensive.
Are there cheaper studio options near Palm Bay?
Yes — nearby cities with cheaper studio rents include West Melbourne ($1,047), Vero Beach ($1,228), Merritt Island ($1,120).