Rentometer, Inc. | Data as of 10/22/2025
Palmetto, Florida offers a vibrant rental landscape that balances the charm of a historic small‑city feel with easy access to the bustling Tampa metropolitan area. Residents enjoy a mix of well‑maintained single‑family homes and modern apartment communities nestled near the scenic Hillsborough River. Popular neighborhoods such as the Palmetto Historic District and the newer Heritage Bay development provide diverse housing styles, from classic bungalows to contemporary townhomes, while easy access to major roadways and the nearby Tampa International Airport makes commuting straightforward. Local attractions—including the Riverwalk promenade, the historic downtown storefronts, and the nearby Hard Rock Golf Club—enhance the area’s appeal for renters seeking both leisure and convenience.
The rental market reflects this variety, with rates spanning from the $1600s for modest one‑bedroom apartments to the $3800s for spacious three‑bedroom homes, while many four‑plus bedroom houses tend to sit in the mid‑range segment. Prospective renters can choose from an array of options: compact apartments ideal for young professionals, two‑bedroom units that suit small families, and larger homes that accommodate growing households. Across Palmetto, amenities such as community pools, on‑site fitness centers, and pet‑friendly policies are commonly available, supporting a comfortable lifestyle. Whether you’re drawn by the city’s close‑knit community vibe, its proximity to Tampa’s cultural scene, or the natural beauty of nearby parks and waterways, Palmetto’s rental offerings provide an inviting blend of affordability, convenience, and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,678 | $1,260 | $994 - $3,200 | $1,125 - $3,200 |
| Apartment | 2 Bedroom | $2,376 | $2,497 | $1,359 - $3,495 | $1,359 - $3,000 |
| House | 2 Bedroom | $1,992 | $1,850 | $1,650 - $3,000 | $1,695 - $2,000 |
| House | 3 Bedroom | $3,820 | $4,000 | $2,995 - $4,500 | $3,200 - $4,300 |
| House | 4+ Bedroom | $2,521 | $2,500 | $2,395 - $2,689 | $2,500 - $2,689 |
In the current period, the average rent in Palmetto was $1,783 for 1 Bedroom, $2,218 for 2 Bedroom, $3,391 for 3 Bedroom, and $2,521 for 4+ Bedroom.
Data provided by Rentometer, Inc.