RentDataNowRentDataNow
City Report · FL

Palm Beach

Pop. 9,348·1st most expensive in Florida·Palm Beach rents are up 36.3% over the past year
Median rent (all units)
$8,999/mo
Year-over-Year
+36.3%
Month-over-Month
+0.3%
vs US Median
+$7,034
Stable (Monthly)
Be the first to discuss Palm Beach rents ↓
Most AffordableMost Expensive
Palm Beach · $8,999
More expensive than 100% of US cities · National median $1,965/mo
Affordability
64% of income
EXPENSIVE
0%30% benchmark60%+

At $8,999/mo, rent takes about 64% of the local median household income, well above the 30% benchmark.

Income to afford
$360,000/yr
Local median income
$168,403/yr
Based on the 30%-of-income rule using Palm Beach's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$107,988/yr
At $8,999/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 36.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+36.3% YoY, +0.3% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Palm Beach, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 70% of residents hold a bachelor's degree or higher.

Population
9,348
Median income
$168,403
Median age
70.4
Renters
16.3%
Age distribution
19.8%
63.5%
Under 184.5%
18–343.2%
35–548.9%
55–6419.8%
65+63.5%
Gender
44%
56%
Male44%
Female56%
Race & ethnicity
90.9%
White90.9%
Black0.6%
Hispanic5.5%
Asian1.9%
Other1.2%
Education (25+)
17%
70%
No HS diploma2.8%
HS diploma10.2%
Some college17%
Bachelor's+70%
Housing tenure
83.7%
16.3%
Owner83.7%
Renter16.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Palm Beach, FL has changed in 5 years

Rent
$6,303 → $8,999
up 42.8%
Income
$168,787 → $168,403
down 0.2%
Population
9,175 → 9,348
up 1.9%
Renter share
16.2% → 16.3%
+0.1 pts
Bachelor's+
68.6% → 70%
+1.4 pts

The median rent in Palm Beach, FL stood at $6,303 in 2022 and currently runs about $8,999, reflecting a 42.8% increase over the period. Local incomes tracked alongside that move, going from a median of $168,787 in 2021 to $168,403 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.9% since 2021, moving from about 9,175 residents to roughly 9,348. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Palm Beach, FL market of 2022.

Community

Discussions about Palm Beach

No discussions yet. Start the conversation.

View Palm Beach rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palm Beach on your salary?

At $8,999/mo, how Palm Beach rent compares to typical pay (30% rule).

By apartment size

Palm Beach rent by bedroom count

Median rent for each apartment size in Palm Beach. Click any size for full breakdown.

Local insights

Tips for renters in Palm Beach

About renting in Palm Beach, FL

Last updated: July 20, 2026

The median rent in Palm Beach is $8,999/mo as of July 2026.

At 64% of local median household income ($168,403/yr), Palm Beach ranks as expensive compared to the national benchmark of 30%. Rents have increased 36.3% over the past year.

FAQ

Frequently asked questions

Is Palm Beach an affordable city for renters?

Palm Beach is considered expensive for renters. At $8,999/mo, rent takes approximately 64% of the local median household income ($168,403/yr). The standard benchmark is 30%. Palm Beach significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Palm Beach?

To keep rent at or below 30% of gross income, you would need to earn at least $360,000/year (~$173/hour full-time) to afford the median rent of $8,999/mo in Palm Beach. The local median household income is $168,403/yr, meaning the typical Palm Beach household falls short of that threshold.

Is rent going up or down in Palm Beach?

Rent in Palm Beach has increased 36.3% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Palm Beach rent compare to other cities in Florida?

Palm Beach is one of the pricier cities in Florida for rent, ranking #1 out of 288 tracked cities at $8,999/mo.

Which nearby cities are cheaper to rent in than Palm Beach?

Several nearby cities have lower median rents than Palm Beach ($8,999/mo): Century Village ($1,406/mo), Palm Springs ($2,168/mo), West Palm Beach ($2,392/mo).

What percentage of Palm Beach residents rent vs. own?

According to Census data, approximately 16.3% of Palm Beach households are renters, while 83.7% are owner-occupied. Palm Beach leans toward homeownership, which can mean a smaller rental inventory.

How does Palm Beach rent compare to the national average?

Palm Beach's median rent of $8,999/mo is $7,034 (358%) above the US national median of $1,965/mo. Within Florida, it ranks #1 out of 288 tracked cities.
Income Affordability
64%
EXPENSIVE

At $8,999/mo, rent takes ~64% of Palm Beach's median household income ($168,403/yr). The standard benchmark is 30%.

Palm Beach 64%Benchmark 30%
State income taxNone
Run the Palm Beach affordability calculator →
Lowest-rent ZIP codes in Palm Beach
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palm Beach, FL

Recent submissions

Be the first to submit your rent for Palm Beach.

Recent discussions

No discussions yet.