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City Report · FL

Palm Beach Shores

Pop. 1,248·16th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$3,650/mo
Year-over-Year
Stable
Month-over-Month
+48.3%
vs US Median
+$1,685
Rising (Monthly)
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Most AffordableMost Expensive
Palm Beach Shores · $3,650
More expensive than 97% of US cities · National median $1,965/mo
Affordability
50% of income
STRETCHED
0%30% benchmark60%+

At $3,650/mo, rent takes about 50% of the local median household income, well above the 30% benchmark.

Income to afford
$146,000/yr
Local median income
$86,786/yr
Based on the 30%-of-income rule using Palm Beach Shores's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,554
1 BR
$1,825
2 BR
$2,036
Research median
$2,036/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: April 17, 2026

Annual cost
$43,800/yr
At $3,650/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +48.3% MoM), not inventory.
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Demographics

Who lives here

Palm Beach Shores, FL is majority owner-occupied, has a large retiree population, 54.2% of residents hold a bachelor's degree or higher.

Population
1,248
Median income
$86,786
Median age
60.4
Renters
39.1%
Age distribution
13.6%
17.9%
28.6%
34.6%
Under 185.2%
18–3413.6%
35–5417.9%
55–6428.6%
65+34.6%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
89.5%
White89.5%
Hispanic3%
Asian2.1%
Other5.1%
Education (25+)
14.4%
24.6%
54.2%
No HS diploma6.8%
HS diploma14.4%
Some college24.6%
Bachelor's+54.2%
Housing tenure
60.9%
39.1%
Owner60.9%
Renter39.1%

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

2021 vs 2026

How Palm Beach Shores, FL has changed in 5 years

Income
$61,838 → $86,786
up 40.3%
Population
1,046 → 1,248
up 19.3%
Renter share
40.6% → 39.1%
-1.5 pts
Bachelor's+
55% → 54.2%
-0.8 pts
Median age
62 → 60.4
-1.6 yrs

Local incomes tracked alongside that move, going from a median of $61,838 in 2021 to $86,786 more recently. Headcount in the area went from 1,046 to 1,248 between 2021 and 2024, a 19.3% change. About 39.1% of households rent today, against 40.6% in 2021.

Community

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

Can you afford rent in Palm Beach Shores on your salary?

At $3,650/mo, how Palm Beach Shores rent compares to typical pay (30% rule).

By apartment size

Palm Beach Shores rent by bedroom count

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

Local insights

Tips for renters in Palm Beach Shores

About renting in Palm Beach Shores, FL

Last updated: April 17, 2026

The median rent in Palm Beach Shores is $3,650/mo as of April 2026. A studio apartment averages $1,554/mo while a 2-bedroom runs $2,036/mo. One-bedroom apartments average $1,825/mo.

At 50% of local median household income ($86,786/yr), Palm Beach Shores ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Palm Beach Shores an affordable city for renters?

Palm Beach Shores is considered stretched for renters. At $3,650/mo, rent takes approximately 50% of the local median household income ($86,786/yr). The standard benchmark is 30%. Palm Beach Shores significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $146,000/year (~$70/hour full-time) to afford the median rent of $3,650/mo in Palm Beach Shores. The local median household income is $86,786/yr, meaning the typical Palm Beach Shores household falls short of that threshold.

Is rent going up or down in Palm Beach Shores?

Rent in Palm Beach Shores has been relatively stable over the past year, with a 0.0% change year over year as of April 2026.

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

Palm Beach Shores is one of the pricier cities in Florida for rent, ranking #16 out of 295 tracked cities at $3,650/mo.

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

Several nearby cities have lower median rents than Palm Beach Shores ($3,650/mo): Lake Park ($2,083/mo), West Palm Beach ($2,392/mo), Riviera Beach ($2,709/mo).

What percentage of Palm Beach Shores residents rent vs. own?

According to Census data, approximately 39.1% of Palm Beach Shores households are renters, while 60.9% are owner-occupied. Palm Beach Shores leans toward homeownership, which can mean a smaller rental inventory.

How does Palm Beach Shores rent compare to the national average?

Palm Beach Shores's median rent of $3,650/mo is $1,685 (86%) above the US national median of $1,965/mo. Within Florida, it ranks #16 out of 295 tracked cities.
Income Affordability
50%
STRETCHED

At $3,650/mo, rent takes ~50% of Palm Beach Shores's median household income ($86,786/yr). The standard benchmark is 30%.

Palm Beach Shores 50%Benchmark 30%
State income taxNone
Run the Palm Beach Shores affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Palm Beach Shores, FL

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