How much does it cost to rent in Palm City, FL?

As of August 2026, the median monthly rent in Palm City, FL is $2,645. This figure is based on aggregated data from public sources and community-submitted rents.

Is Palm City cheaper than other Florida cities?

Palm City is one of the pricier cities in Florida, ranking #51 out of 291 cities tracked at $2,645/mo.

When was Palm City rent data last updated?

Palm City rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Palm City, FL?

HUD sets the Fair Market Rent for a two-bedroom home in Palm City, FL at $2,090 per month, which is 21% below the $2,645 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · FL

Palm City

Name: Average Rent Prices in Palm City, FL
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 26,371·51st most expensive in Florida·Palm City rents are up 5.3% over the past year

Median rent (all units)

$2,645/mo

Year-over-Year

+5.3%

Month-over-Month

+1.3%

vs US Median

+$683

Rising (Monthly)

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Most AffordableMost Expensive

Palm City · $2,645

More expensive than 83% of US cities · National median $1,962/mo

Rent Reality Score

45/100

Fairly priced

OverheatedFairGreat value

Rents are 2% above what Palm City's 10-year trend predicts — running hotter than its own history.

Actual rent

$2,645/mo

Expected by trend

$2,586/mo

The Rent Reality Score compares today's median rent to where Palm City's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,690

1 BR

$1,750

2 BR

$2,090

3 BR

$2,910

4 BR+

$3,160

Fair Market Rent (HUD)

$2,090/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,645 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$31,740/yr

At $2,645/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.3% YoY, +1.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Palm City, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.6% of residents hold a bachelor's degree or higher.

Population

26,371

Median income

$125,820

Median age

52.1

Renters

10.3%

Age distribution

18.4%

25.4%

15.9%

28.9%

Under 1818.4%

18–3411.5%

35–5425.4%

55–6415.9%

65+28.9%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

84.3%

White84.3%

Black0.7%

Hispanic10.8%

Asian2.1%

Other2.1%

Education (25+)

18.2%

31.3%

47.6%

No HS diploma2.9%

HS diploma18.2%

Some college31.3%

Bachelor's+47.6%

Housing tenure

89.7%

Owner89.7%

Renter10.3%

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

2022 vs 2026

How Palm City, FL has changed in 5 years

Rent

$2,173 → $2,645

up 21.7%

Income

$101,589 → $125,820

up 23.9%

Population

25,486 → 26,371

up 3.5%

Renter share

12.7% → 10.3%

-2.4 pts

Bachelor's+

46.5% → 47.6%

+1.1 pts

Median age

51 → 52.1

+1.1 yrs

Across the past five years, the going rent in Palm City, FL has shifted from $2,173 to $2,645, up 21.7% since 2022. Median household income climbed from $101,589 to $125,820 between 2021 and 2024, a 23.9% shift. Census counts show Palm City, FL adding about 885 residents over the five-year window, up 3.5% on net. The renter share has eased from 12.7% to 10.3%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Palm City, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Palm City

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View Palm City rent history (2015–2026) →

Salary vs rent

Can you afford rent in Palm City on your salary?

At $2,645/mo, how Palm City rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 36.1% income

stretched

Elementary School Teacher

Avg $62,384/yr · Rent = 50.9% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 44.2% income

rent-burdened

Software Developer

Avg $128,442/yr · Rent = 24.7% income

affordable

Lawyer

Avg $164,117/yr · Rent = 19.3% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 54.3% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 60.2% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 48.8% income

rent-burdened

By apartment size

Palm City rent by bedroom count

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

Local insights

Tips for renters in Palm City

About renting in Palm City, FL

Last updated: August 17, 2026

The median rent in Palm City is $2,645/mo as of August 2026. A studio apartment averages $1,690/mo while a 2-bedroom runs $2,090/mo. One-bedroom apartments average $1,750/mo and 3-bedroom units go for $2,910/mo.

At 25% of local median household income ($125,820/yr), Palm City ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

Is Palm City an affordable city for renters?

Palm City is considered affordable for renters. At $2,645/mo, rent takes approximately 25% of the local median household income ($125,820/yr). The standard benchmark is 30%. Palm City falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $106,000/year (~$51/hour full-time) to afford the median rent of $2,645/mo in Palm City. The local median household income is $125,820/yr, meaning the typical Palm City household meets that threshold.

Is rent going up or down in Palm City?

Rent in Palm City has increased 5.3% over the past year as of August 2026, putting upward pressure on renter budgets.

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

Palm City is one of the pricier cities in Florida for rent, ranking #51 out of 291 tracked cities at $2,645/mo.

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

Several nearby cities have lower median rents than Palm City ($2,645/mo): Stuart ($2,177/mo), Port Saint Lucie ($2,399/mo), Hobe Sound ($2,425/mo).

What percentage of Palm City residents rent vs. own?

According to Census data, approximately 10.3% of Palm City households are renters, while 89.7% are owner-occupied. Palm City leans toward homeownership, which can mean a smaller rental inventory.

How does Palm City rent compare to the national average?

Palm City's median rent of $2,645/mo is $683 (35%) above the US national median of $1,962/mo. Within Florida, it ranks #51 out of 291 tracked cities.

Income Affordability

25%

AFFORDABLE

At $2,645/mo, rent takes ~25% of Palm City's median household income ($125,820/yr). The standard benchmark is 30%.

Palm City 25%Benchmark 30%

State income taxNone

Run the Palm City affordability calculator →

Nearby cities