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City Report · FL

South Palm Beach

Pop. 1,576·10th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$4,244/mo
Year-over-Year
Stable
Month-over-Month
-12.4%
vs US Median
+$2,279
Falling (Monthly)
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Most AffordableMost Expensive
South Palm Beach · $4,244
More expensive than 98% of US cities · National median $1,965/mo
Affordability
56% of income
EXPENSIVE
0%30% benchmark60%+

At $4,244/mo, rent takes about 56% of the local median household income, well above the 30% benchmark.

Income to afford
$170,000/yr
Local median income
$91,750/yr
Based on the 30%-of-income rule using South Palm Beach's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$50,928/yr
At $4,244/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -12.4% MoM), not inventory.
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Demographics

Who lives here

South Palm Beach, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 45.6% of residents hold a bachelor's degree or higher.

Population
1,576
Median income
$91,750
Median age
68.9
Renters
12.7%
Age distribution
18.1%
64.5%
Under 182.4%
18–346.8%
35–548.2%
55–6418.1%
65+64.5%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
87.3%
White87.3%
Hispanic7.8%
Asian2%
Other2.5%
Education (25+)
14.4%
40.1%
45.6%
HS diploma14.4%
Some college40.1%
Bachelor's+45.6%
Housing tenure
87.3%
12.7%
Owner87.3%
Renter12.7%

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

2021 vs 2026

How South Palm Beach, FL has changed in 5 years

Income
$78,063 → $91,750
up 17.5%
Population
1,875 → 1,576
down 15.9%
Renter share
19.1% → 12.7%
-6.4 pts
Bachelor's+
48% → 45.6%
-2.4 pts
Median age
66.2 → 68.9
+2.7 yrs

Local incomes tracked alongside that move, going from a median of $78,063 in 2021 to $91,750 more recently. Headcount in the area went from 1,875 to 1,576 between 2021 and 2024, a 15.9% change. About 12.7% of households rent today, against 19.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 48% to 45.6%.

Community

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

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

At $4,244/mo, how South Palm Beach rent compares to typical pay (30% rule).

By apartment size

South Palm Beach rent by bedroom count

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

Local insights

Tips for renters in South Palm Beach

About renting in South Palm Beach, FL

Last updated: July 20, 2026

The median rent in South Palm Beach is $4,244/mo as of July 2026.

At 56% of local median household income ($91,750/yr), South Palm Beach ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is South Palm Beach an affordable city for renters?

South Palm Beach is considered expensive for renters. At $4,244/mo, rent takes approximately 56% of the local median household income ($91,750/yr). The standard benchmark is 30%. South Palm Beach significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $170,000/year (~$82/hour full-time) to afford the median rent of $4,244/mo in South Palm Beach. The local median household income is $91,750/yr, meaning the typical South Palm Beach household falls short of that threshold.

Is rent going up or down in South Palm Beach?

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

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

South Palm Beach is one of the pricier cities in Florida for rent, ranking #10 out of 288 tracked cities at $4,244/mo.

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

Several nearby cities have lower median rents than South Palm Beach ($4,244/mo): Greenacres ($2,067/mo), Palm Springs ($2,168/mo), Hypoluxo ($2,342/mo).

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

According to Census data, approximately 12.7% of South Palm Beach households are renters, while 87.3% are owner-occupied. South Palm Beach leans toward homeownership, which can mean a smaller rental inventory.

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

South Palm Beach's median rent of $4,244/mo is $2,279 (116%) above the US national median of $1,965/mo. Within Florida, it ranks #10 out of 288 tracked cities.
Income Affordability
56%
EXPENSIVE

At $4,244/mo, rent takes ~56% of South Palm Beach's median household income ($91,750/yr). The standard benchmark is 30%.

South Palm Beach 56%Benchmark 30%
State income taxNone
Run the South Palm Beach affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near South Palm Beach, FL

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