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Rent in Palmetto Bay, FL: Prices & Apartments for Rent

As of October 17, 2026, the median asking rent for a 2-bedroom in Palmetto Bay, FL is $2,400/month, based on 25 active listings on Redfin, Zillow and ApartmentHomeLiving. 3+ bedroom: $5,850 (51 listings).

That is 7% above the Florida 2-bedroom median of about $2,250. Nearby, the 2-bedroom median ranges from $1,875 in Homestead to $7,350 in Key Biscayne.

Updated · 100 listings. Prices are advertised asking rents; check availability on the original listing. How we calculate

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Median rent in Palmetto Bay

From listings with a single price and a single bedroom count. Fewer than 20 such listings and we leave the figure out.

Studio
—
1 listing
1 bedroom
—
8 listings
2 bedrooms
$2,400
25 listings
3+ bedrooms
$5,850
51 listings

Rentals in Palmetto Bay

See all 100 on the map →

Renting in Palmetto Bay: common questions

How many rentals are available in Palmetto Bay, FL?
100 rentals are listed in Palmetto Bay, FL on Redfin, Zillow and ApartmentHomeLiving as of October 17, 2026, after removing listings that appear on more than one site.
How are these rent prices calculated?
We collect active listings from Redfin, Zillow and ApartmentHomeLiving, remove duplicates across sites, and take the median of asking rents for listings with one price and one bedroom count. If fewer than 20 listings qualify for a bedroom size, we leave that figure out. Read the full methodology
How much income do I need to rent in Palmetto Bay, FL?
Many landlords ask for gross income of at least 3 times the monthly rent. For a median 2-bedroom at $2,400/month, that is about $7,200 a month, or $86,400 a year.
What is the cheapest city near Palmetto Bay, FL to rent in?
Among nearby cities we track, Homestead, FL has the lowest median 2-bedroom rent at $1,875/month, $525 less than Palmetto Bay.

Rent in cities near Palmetto Bay

All cities in Florida · Cheapest places to rent in Florida · Embed this data