Rentometer, Inc. | Data as of 10/23/2025
Palm Beach, Florida, is celebrated for its pristine beaches, vibrant cultural scene, and historic architecture, making it one of the most desirable coastal cities for renters. From the iconic Worth Avenue boutiques to the lush expanses of the Flagler Museum grounds, residents enjoy a blend of upscale shopping, world‑class dining, and year‑round outdoor activities. The city’s walkable downtown district, with its charming ocean‑front promenades and thriving arts venues, attracts professionals and retirees alike who seek a refined yet relaxed lifestyle.
The rental market in Palm Beach is dominated by apartment living, offering a range of modern high‑rise options and boutique residential buildings. One‑bedroom apartments typically rent in the $3700s, with a median near $3000, reflecting the city’s premium location and amenities. Two‑bedroom units often fall in the $5600 range, while average rents approach the $8000s, providing spacious layouts for families or home‑based professionals. For larger households, three‑bedroom apartments command a median around $6500, delivering generous living space alongside private balconies and access to resort‑style facilities.
Neighborhoods such as Old Palm Beach, Hibiscus, and the Riviera sub‑area each offer distinct character—from historic bungalows and tree‑lined streets to contemporary high‑rise towers with panoramic ocean views. Proximity to top‑rated schools, golf courses, and the bustling Atlantic Avenue corridor enhances the appeal for both long‑term residents and seasonal renters. Whether you’re drawn by the cultural allure of the Flagler Museum or the tranquil vibes of the nearby Atlantic shoreline, Palm Beach presents a sophisticated rental environment that balances luxury, convenience, and coastal charm.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $3,744 | $3,000 | $1,500 - $9,000 | $2,500 - $3,750 |
| Apartment | 2 Bedroom | $7,984 | $5,550 | $2,000 - $18,500 | $3,595 - $12,000 |
| Apartment | 3 Bedroom | $6,500 | $6,500 | $5,000 - $8,000 | $5,000 - $8,000 |
In the current period, the average rent in Palm Beach was
$3,744 for 1 Bedroom,
$7,984 for 2 Bedroom, and
$6,500 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.