City Report · FL

South Palm Beach

Pop. 1,576·7th most expensive in Florida·One of the pricier rental markets in the US

Median rent (all units)

$5,828/mo

Year-over-Year

Stable

Month-over-Month

+6.2%

vs US Median

+$3,896

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

South Palm Beach · $5,828

More expensive than 99% of US cities · National median $1,932/mo

Affordability

76% of income

EXPENSIVE

0%30% benchmark60%+

At $5,828/mo, rent takes about 76% of the local median household income, well above the 30% benchmark.

Income to afford

$233,000/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: October 17, 2026

Annual cost

$69,936/yr

At $5,828/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +6.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Discussions about South Palm Beach

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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 $5,828/mo, how South Palm Beach rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 79.6% income

severely rent-burdened

Elementary School Teacher

Avg $62,384/yr · Rent = 112.1% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 97.3% income

severely rent-burdened

Software Developer

Avg $128,442/yr · Rent = 54.4% income

severely rent-burdened

Lawyer

Avg $164,117/yr · Rent = 42.6% income

rent-burdened

Firefighter

Avg $58,413/yr · Rent = 119.7% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 132.6% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 107.6% income

severely rent-burdened

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: October 17, 2026

The median rent in South Palm Beach is $5,828/mo as of October 2026.

At 76% 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

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 $233,000/year (about $112/hour full-time) to afford the median rent of $5,828/mo in South Palm Beach. The local median household income is $91,750/yr, so the typical household falls short of that bar.

Is rent going up or down in South Palm Beach?

Rent in South Palm Beach has been roughly flat over the past year, a 0.0% change.

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

South Palm Beach is one of the pricier among Florida cities for rent, ranking #7 of 289 tracked cities at $5,828/mo.

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

Nearby cities with lower median rent than South Palm Beach ($5,828/mo) include Palm Springs ($2,105/mo), Greenacres ($2,131/mo), and Lake Worth Beach ($2,357/mo).

Income Affordability

76%

EXPENSIVE

At $5,828/mo, rent takes ~76% of South Palm Beach's median household income ($91,750/yr). The standard benchmark is 30%.

South Palm Beach 76%Benchmark 30%

State income taxNone

Run the South Palm Beach affordability calculator →

Nearby cities