Rents are 11% above what Palm Beach's 10-year trend predicts — running hotter than its own history.
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Palm Beach is at its highest level since Zillow's records here began in February 2022.
Rent in Palm Beach changed +14.0% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 3 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($168,403) is $4,210 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,830).
West Palm Beach, 3 miles away, rents for 73% less ($2,365/mo), about $75,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Palm Beach. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Palm Beach, FL has changed in 5 years
The median rent in Palm Beach, FL stood at $5,855 in 2022 and currently runs about $8,627, reflecting a 47.3% 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.
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Can you afford rent in Palm Beach on your salary?
At $8,627/mo, how Palm Beach rent compares to typical pay (30% rule).
Palm Beach rent by bedroom count
Median rent for each apartment size in Palm Beach. Click any size for full breakdown.
Tips for renters in Palm Beach
Last updated: October 17, 2026
The median rent in Palm Beach is $8,627/mo as of October 2026.
At 61% of local median household income ($168,403/yr), Palm Beach ranks as expensive compared to the national benchmark of 30%. Rents have increased 14.0% over the past year.
Frequently asked questions
How much income do you need to rent in Palm Beach?
Is rent going up or down in Palm Beach?
How does Palm Beach rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Palm Beach?
At $8,627/mo, rent takes ~61% of Palm Beach's median household income ($168,403/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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