City Report · FL

Royal Palm Beach

Pop. 40,344·38th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$2,856/mo
Year-over-Year
+3.4%
Month-over-Month
+0.6%
vs US Median
+$924
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Royal Palm Beach · $2,856
More expensive than 88% of US cities · National median $1,932/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Royal Palm Beach's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,856/mo
Expected by trend
$2,940/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
Fair Market Rent (HUD)
$2,146/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,856 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

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Royal Palm Beach is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Florida

Rent in Royal Palm Beach changed +3.4% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($96,027) is $2,401 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,193).

Cheaper nearby

Century Village, 4 miles away, rents for 49% less ($1,451/mo), about $16,900 a year in savings.

From Zillow's monthly rent index (ZORI) for Royal Palm Beach. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$34,272/yr
At $2,856/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.4% YoY, +0.6% MoM), not inventory.
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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
$2,393 → $2,856
up 19.3%
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 $2,393 a month. That figure now sits near $2,856, up 19.3% 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. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 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

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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 $2,856/mo, how Royal Palm Beach rent compares to typical pay (30% rule).

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: October 17, 2026

The median rent in Royal Palm Beach is $2,856/mo as of October 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 36% of local median household income ($96,027/yr), Royal Palm Beach ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

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 $114,000/year (about $55/hour full-time) to afford the median rent of $2,856/mo in Royal Palm Beach. The local median household income is $96,027/yr, so the typical household falls short of that bar.

Is rent going up or down in Royal Palm Beach?

Rent in Royal Palm Beach has risen 3.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

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

Royal Palm Beach is one of the pricier among Florida cities for rent, ranking #38 of 289 tracked cities at $2,856/mo. Over the year to September 2026, rent in Royal Palm Beach changed +3.4%, against a typical +1.8% across the 270 Florida cities Zillow tracks.

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

Nearby cities with lower median rent than Royal Palm Beach ($2,856/mo) include Century Village ($1,451/mo), West Palm Beach ($2,365/mo), and Palm Beach Gardens ($2,839/mo).
Income Affordability
36%
MODERATE

At $2,856/mo, rent takes ~36% of Royal Palm Beach's median household income ($96,027/yr). The standard benchmark is 30%.

Royal Palm Beach 36%Benchmark 30%
State income taxNone
Run the Royal Palm Beach affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Royal Palm Beach, FL

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