Rents are 2% above what Palm City's 10-year trend predicts — running hotter than its own history.
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 $3,745 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: October 17, 2026
What the numbers show
Rent in Palm City is at its highest level since Zillow's records here began in March 2022.
Rent in Palm City changed +6.0% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($125,820) is $3,146 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,910); a 4-bedroom is $3,160.
Stuart, 5 miles away, rents for 43% less ($2,151/mo), about $19,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Palm City. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Palm City, FL has changed in 5 years
Across the past five years, the going rent in Palm City, FL has shifted from $3,180 to $3,745, up 17.8% since 2022. Median household income climbed from $101,589 to $125,820 between 2021 and 2024, a 23.9% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. 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.
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Can you afford rent in Palm City on your salary?
At $3,745/mo, how Palm City rent compares to typical pay (30% rule).
Palm City rent by bedroom count
Median rent for each apartment size in Palm City. Click any size for full breakdown.
Tips for renters in Palm City
Last updated: October 17, 2026
The median rent in Palm City is $3,745/mo as of October 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 36% of local median household income ($125,820/yr), Palm City ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.
Frequently asked questions
How much income do you need to rent in Palm City?
Is rent going up or down in Palm City?
How does Palm City rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Palm City?
At $3,745/mo, rent takes ~36% of Palm City's median household income ($125,820/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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