At $6,796/mo, rent takes about 48% of the local median household income, well above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $6,796 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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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 $6,303 in 2022 and currently runs about $6,796, reflecting a 7.8% 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.
Discussions about Palm Beach
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Can you afford rent in Palm Beach on your salary?
At $6,796/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: August 17, 2026
The median rent in Palm Beach is $6,796/mo as of August 2026. A studio apartment averages $1,840/mo while a 2-bedroom runs $2,450/mo. One-bedroom apartments average $2,050/mo and 3-bedroom units go for $3,200/mo.
At 48% of local median household income ($168,403/yr), Palm Beach ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.
Frequently asked questions
Is Palm Beach an affordable city for renters?
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Is rent going up or down in Palm Beach?
How does Palm Beach rent compare to other cities in Florida?
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What percentage of Palm Beach residents rent vs. own?
How does Palm Beach rent compare to the national average?
At $6,796/mo, rent takes ~48% of Palm Beach's median household income ($168,403/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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