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City Report · FL

Village Of Palmetto Bay

·37th most expensive in Florida·Village of Palmetto Bay rents are up 17.7% over the past year
Median rent (all units)
$2,841/mo
Year-over-Year
+17.7%
Month-over-Month
+5.8%
vs US Median
+$876
Rising (Monthly)
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Most AffordableMost Expensive
Village Of Palmetto Bay · $2,841
More expensive than 88% of US cities · National median $1,965/mo
Rent Reality Score
74/100
Good value
OverheatedFairGreat value

Rents are 12% below what Village Of Palmetto Bay's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,841/mo
Expected by trend
$3,236/mo
The Rent Reality Score compares today's median rent to where Village Of Palmetto Bay's own long-run trajectory projects it should be. See the full rankings →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$34,092/yr
At $2,841/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.7% YoY, +5.8% MoM), not inventory.
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2021 vs 2026

How Village Of Palmetto Bay, FL has changed in 5 years

Rent
$1,734 → $2,841
up 63.8%

The median rent in Village Of Palmetto Bay, FL stood at $1,734 in 2021 and currently runs about $2,841, reflecting a 63.8% increase over the period. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Village Of Palmetto Bay, FL market of 2021.

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View Village Of Palmetto Bay rent history (2015–2026) →
Salary vs rent

Can you afford rent in Village Of Palmetto Bay on your salary?

At $2,841/mo, how Village Of Palmetto Bay rent compares to typical pay (30% rule).

Local insights

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About renting in Village Of Palmetto Bay, FL

Last updated: July 20, 2026

The median rent in Village Of Palmetto Bay is $2,841/mo as of July 2026.

At 47% of estimated US median household income ($72,000/yr), Village Of Palmetto Bay ranks as moderate compared to the national benchmark of 30%. Rents have increased 17.7% over the past year.

FAQ

Frequently asked questions

Is Village Of Palmetto Bay an affordable city for renters?

Village Of Palmetto Bay is considered stretched for renters. At $2,841/mo, rent takes approximately 47% of the US median household income ($72,000/yr). The standard benchmark is 30%. Village Of Palmetto Bay significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Village Of Palmetto Bay?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,841/mo in Village Of Palmetto Bay.

Is rent going up or down in Village Of Palmetto Bay?

Rent in Village Of Palmetto Bay has increased 17.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Village Of Palmetto Bay rent compare to other cities in Florida?

Village Of Palmetto Bay is one of the pricier cities in Florida for rent, ranking #37 out of 288 tracked cities at $2,841/mo.

How does Village Of Palmetto Bay rent compare to the national average?

Village Of Palmetto Bay's median rent of $2,841/mo is $876 (45%) above the US national median of $1,965/mo. Within Florida, it ranks #37 out of 288 tracked cities.
Income Affordability
47%
STRETCHED

At $2,841/mo, rent takes ~47% of US median household income ($72,000/yr). The standard benchmark is 30%.

Village Of Palmetto Bay 47%Benchmark 30%
State income taxNone
Run the Village Of Palmetto Bay affordability calculator →
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