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

As of July 2026, the median monthly rent in Royal Palm Beach, FL is $2,818. This figure is based on aggregated data from public sources and community-submitted rents.

Is Royal Palm Beach cheaper than other Florida cities?

Royal Palm Beach is one of the pricier cities in Florida, ranking #39 out of 288 cities tracked at $2,818/mo.

When was Royal Palm Beach rent data last updated?

Royal Palm Beach rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Royal Palm Beach

Name: Average Rent Prices in Royal Palm Beach, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 40,344·39th most expensive in Florida·One of the pricier rental markets in the US

Median rent (all units)

$2,818/mo

Year-over-Year

+4.7%

Month-over-Month

-3.8%

vs US Median

+$853

Falling (Monthly)

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Most AffordableMost Expensive

Royal Palm Beach · $2,818

More expensive than 87% of US cities · National median $1,965/mo

Rent Reality Score

58/100

Fairly priced

OverheatedFairGreat value

Rents are 4% below what Royal Palm Beach's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,818/mo

Expected by trend

$2,938/mo

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

Medians by bedroom

Rent by unit size

Studio

$2,178

1 BR

$2,009

2 BR

$2,146

3 BR

$2,581

4 BR+

$2,193

Research median

$2,146/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: July 20, 2026

Annual cost

$33,816/yr

At $2,818/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (up only 4.7% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+4.7% YoY, -3.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Royal Palm Beach, FL is majority owner-occupied, has a median income above the national average, 37.4% of residents hold a bachelor's degree or higher.

Population

40,344

Median income

$96,027

Median age

42.4

Renters

17.7%

Age distribution

22.5%

18%

26%

14.5%

18.9%

Under 1822.5%

18–3418%

35–5426%

55–6414.5%

65+18.9%

Gender

45.9%

54.1%

Male45.9%

Female54.1%

Race & ethnicity

40.9%

25.3%

30.7%

White40.9%

Black25.3%

Hispanic30.7%

Asian5.7%

Education (25+)

22.3%

33%

37.4%

No HS diploma7.2%

HS diploma22.3%

Some college33%

Bachelor's+37.4%

Housing tenure

82.3%

17.7%

Owner82.3%

Renter17.7%

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

2022 vs 2026

How Royal Palm Beach, FL has changed in 5 years

Rent

$2,464 → $2,818

up 14.4%

Income

$84,797 → $96,027

up 13.2%

Population

38,697 → 40,344

up 4.3%

Renter share

16.8% → 17.7%

+0.9 pts

Bachelor's+

34.4% → 37.4%

+3.0 pts

Median age

40.8 → 42.4

+1.6 yrs

Five years ago, renters in Royal Palm Beach, FL paid around $2,464 a month. That figure now sits near $2,818, up 14.4% from the 2022 baseline. On the earnings side, the typical household in Royal Palm Beach, FL now reports about $96,027, up from $84,797 in 2021. Census counts show Royal Palm Beach, FL adding about 1,647 residents over the five-year window, up 4.3% on net. Bachelor's-degree-or-higher attainment moved from 34.4% to 37.4% across the same window. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Royal Palm Beach, FL reflects that arc in its own way.

Community

Discussions about Royal Palm Beach

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View Royal Palm Beach rent history (2015–2026) →

Salary vs rent

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

At $2,818/mo, how Royal Palm Beach rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 38.5% income

stretched

Elementary School Teacher

Avg $62,384/yr · Rent = 54.2% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 47.1% income

rent-burdened

Software Developer

Avg $128,442/yr · Rent = 26.3% income

affordable

Lawyer

Avg $164,117/yr · Rent = 20.6% income

affordable

Firefighter

Avg $58,413/yr · Rent = 57.9% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 64.1% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 52% income

severely rent-burdened

By apartment size

Royal Palm Beach rent by bedroom count

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

Local insights

Tips for renters in Royal Palm Beach

About renting in Royal Palm Beach, FL

Last updated: July 20, 2026

The median rent in Royal Palm Beach is $2,818/mo as of July 2026. A studio apartment averages $2,178/mo while a 2-bedroom runs $2,146/mo. One-bedroom apartments average $2,009/mo and 3-bedroom units go for $2,581/mo.

At 35% of local median household income ($96,027/yr), Royal Palm Beach ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

Is Royal Palm Beach an affordable city for renters?

Royal Palm Beach is considered moderate for renters. At $2,818/mo, rent takes approximately 35% of the local median household income ($96,027/yr). The standard benchmark is 30%. Royal Palm Beach slightly exceeds that threshold, so budgeting carefully matters here.

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

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (~$54/hour full-time) to afford the median rent of $2,818/mo in Royal Palm Beach. The local median household income is $96,027/yr, meaning the typical Royal Palm Beach household falls short of that threshold.

Is rent going up or down in Royal Palm Beach?

Rent in Royal Palm Beach has increased 4.7% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Royal Palm Beach is one of the pricier cities in Florida for rent, ranking #39 out of 288 tracked cities at $2,818/mo.

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

Several nearby cities have lower median rents than Royal Palm Beach ($2,818/mo): Century Village ($1,406/mo), West Palm Beach ($2,392/mo), Palm Beach Gardens ($2,725/mo).

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

According to Census data, approximately 17.7% of Royal Palm Beach households are renters, while 82.3% are owner-occupied. Royal Palm Beach leans toward homeownership, which can mean a smaller rental inventory.

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

Royal Palm Beach's median rent of $2,818/mo is $853 (43%) above the US national median of $1,965/mo. Within Florida, it ranks #39 out of 288 tracked cities.

Income Affordability

35%

MODERATE

At $2,818/mo, rent takes ~35% of Royal Palm Beach's median household income ($96,027/yr). The standard benchmark is 30%.

Royal Palm Beach 35%Benchmark 30%

State income taxNone

Run the Royal Palm Beach affordability calculator →

Nearby cities