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City Report · FL

Village Of Palmetto Bay

·86th most expensive in Florida·Rental market data updated monthly for Village of Palmetto Bay, FL
Median rent (all units)
$2,446/mo
Year-over-Year
Stable
Month-over-Month
Stable
vs US Median
+$514
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Village Of Palmetto Bay · $2,446
More expensive than 78% of US cities · National median $1,932/mo
Rent Reality Score
91/100
Great value
OverheatedFairGreat value

Rents are 20% below what Village Of Palmetto Bay's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,446/mo
Expected by trend
$3,073/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in Village Of Palmetto Bay usually run 1.5% below trend in November and 1.4% above it in June, about $71 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in Village Of Palmetto Bay is 1.9% below its high of $2,494 in August 2024, at $2,446 as of September 2026.

Past year vs. the rest of Florida

Rent in Village Of Palmetto Bay changed 0.0% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.

Since before the pandemic

Rent in Village Of Palmetto Bay is 53.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

From Zillow's monthly rent index (ZORI) for Village Of Palmetto Bay. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.

Annual cost
$29,352/yr
At $2,446/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.
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2021 vs 2026

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

Rent
$1,710 → $2,446
up 43.0%

The median rent in Village Of Palmetto Bay, FL stood at $1,710 in 2021 and currently runs about $2,446, reflecting a 43.0% 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.

Community

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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 $2,446/mo, how Village Of Palmetto Bay rent compares to typical pay (30% rule).

Local insights

Tips for renters in Village Of Palmetto Bay

About renting in Village Of Palmetto Bay, FL

Last updated: October 17, 2026

The median rent in Village Of Palmetto Bay is $2,446/mo as of October 2026.

At 41% of estimated US median household income ($72,000/yr), Village Of Palmetto Bay ranks as moderate 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 Village Of Palmetto Bay?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (about $47/hour full-time) to afford the median rent of $2,446/mo in Village Of Palmetto Bay.

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

Rent in Village Of Palmetto Bay has been roughly flat over the past year as of September 2026, a 0.0% change. It sits 1.9% below its high of $2,494 in August 2024.

When is the cheapest time to rent in Village Of Palmetto Bay?

Asking rents in Village Of Palmetto Bay are usually lowest in November, about 1.5% below their yearly trend, and highest in June, about 1.4% above it. At today's median that is a gap of roughly $71 a month. This pattern comes from 6 years of Zillow rent data.

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

Village Of Palmetto Bay is one of the pricier among Florida cities for rent, ranking #86 of 289 tracked cities at $2,446/mo. Over the year to September 2026, rent in Village Of Palmetto Bay changed 0.0%, against a typical +1.8% across the 270 Florida cities Zillow tracks.
Income Affordability
41%
STRETCHED

At $2,446/mo, rent takes ~41% of US median household income ($72,000/yr). The standard benchmark is 30%.

Village Of Palmetto Bay 41%Benchmark 30%
State income taxNone
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Neighborhoods

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