Rentometer, Inc. | Data as of 10/22/2025
The Palm Bay‑Melbourne‑Titusville metro area offers a diverse rental market that caters to a wide range of lifestyle preferences, from urban apartments to spacious family homes. With its blend of coastal charm, thriving tech corridors, and easy access to the Kennedy Space Center, the region attracts professionals, retirees, and students alike. Popular neighborhoods such as Downtown Melbourne, historic Palm Bay’s waterfront districts, and Titusville’s Riverfront Park area provide residents with vibrant dining, cultural attractions, and convenient commuting options to major employment hubs across the Space Coast.
Apartment rentals in the area typically fall within the $1,300‑$2,050 range, depending on size and amenities. Studio and one‑bedroom units often sit in the $1,300‑$1,500 bracket, while larger two‑ and three‑bedroom apartments move toward the $1,700‑$2,100 range. Many newer communities feature resort‑style pools, fitness centers, and pet‑friendly policies, making them ideal for young professionals and small families seeking low‑maintenance living.
For those preferring the privacy of a house, rental prices generally span the $1,100‑$2,500 range. Entry‑level homes and studios start in the lower $1,100‑$1,300 segment, whereas three‑ and four‑plus bedroom houses move into the $2,100‑$2,500 territory, reflecting ample space for growing families and home‑based work setups. Across Palm Bay, Melbourne, and Titusville, renters benefit from excellent schools, abundant outdoor recreation, and a strong sense of community that underscores the appeal of Florida’s Space Coast for long‑term residence.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,175 | $1,075 | $900 - $1,552 | $900 - $1,552 |
| Apartment | 1 Bedroom | $1,496 | $1,490 | $800 - $2,139 | $1,200 - $1,785 |
| Apartment | 2 Bedroom | $1,718 | $1,700 | $960 - $2,850 | $1,449 - $1,953 |
| Apartment | 3 Bedroom | $1,872 | $1,900 | $940 - $2,595 | $1,550 - $2,200 |
| House | 1 Bedroom | $1,233 | $1,300 | $599 - $1,995 | $950 - $1,400 |
| House | 2 Bedroom | $1,776 | $1,700 | $1,250 - $3,700 | $1,550 - $1,950 |
| House | 3 Bedroom | $2,218 | $2,050 | $1,475 - $7,997 | $1,875 - $2,300 |
| House | 4+ Bedroom | $2,531 | $2,300 | $750 - $8,250 | $2,100 - $2,600 |
In the current period, the average rent in Palm Bay-Melbourne-Titusville, FL was $1,182 for Studio, $1,439 for 1 Bedroom, $1,741 for 2 Bedroom, $2,195 for 3 Bedroom, and $2,491 for 4+ Bedroom.
Data provided by Rentometer, Inc.