Palm Bay, Florida rent by ZIP (HUD Small Area FMRs, FY2027)
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Palm Bay is $1,930 a month, the median of its 4 ZIP codes (HUD, effective Oct 1, 2026; verified Oct 22, 2026). Its ZIP codes range from $1,670 (32905) to $2,150 (32908).
Last updated Oct 22, 2026 · Last verified Oct 22, 2026
Data: HUD FY2027 (effective Oct 1, 2026)
How much is rent for a 2-bedroom in Palm Bay?
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Palm Bay, Florida is $1,930 a month, including utilities (median of 4 ZIP codes: 32905, 32907, 32908, 32909).
| Unit size | FY2027 rent | FY2026 rent | Change |
|---|---|---|---|
| Studio (0-bedroom) | $1,440 | $1,360 | +$80 (+5.9%) |
| 1-bedroom | $1,655 | $1,590 | +$65 (+4.1%) |
| 2-bedroom | $1,930 | $1,835 | +$95 (+5.2%) |
| 3-bedroom | $2,585 | $2,500 | +$85 (+3.4%) |
| 4-bedroom | $2,940 | $2,840 | +$100 (+3.5%) |
What is rent by ZIP code in Palm Bay?
HUD sets a separate Small Area FMR for each ZIP code. Its ZIP codes range from $1,670 (32905) to $2,150 (32908).
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 32905 | $1,250 | $1,430 | $1,670 | $2,240 | $2,540 |
| 32907 | $1,540 | $1,770 | $2,060 | $2,760 | $3,140 |
| 32908 | $1,600 | $1,840 | $2,150 | $2,880 | $3,270 |
| 32909 | $1,340 | $1,540 | $1,800 | $2,410 | $2,740 |
Is rent in Palm Bay higher than in Brevard County overall?
Palm Bay's 2-bedroom figure is $151 above Brevard County's FY2027 Fair Market Rent of $1,779.
How does Palm Bay compare with Brevard County?
Palm Bay's figures are HUD Small Area FMRs; the county column is HUD's countywide Fair Market Rent.
| Unit size | Palm Bay | Brevard County | Difference |
|---|---|---|---|
| Studio (0-bedroom) | $1,440 | $1,327 | +$113 |
| 1-bedroom | $1,655 | $1,525 | +$130 |
| 2-bedroom | $1,930 | $1,779 | +$151 |
| 3-bedroom | $2,585 | $2,382 | +$203 |
| 4-bedroom | $2,940 | $2,707 | +$233 |
Compare Palm Bay with another place →
What is a Small Area Fair Market Rent?
A Small Area Fair Market Rent (SAFMR) is the same estimate calculated for a single ZIP code, so it shows how rents differ inside a metro area.
Brevard County rent → · More about Brevard County →
Sources
- HUD FY2027 Small Area Fair Market Rents data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- Federal Register notice of FY2027 FMRs (91 FR 56156): effective October 1, 2026 (verified Oct 22, 2026)
- HUD: FY2027 FMR reevaluation requests (no Florida areas listed) (verified Oct 22, 2026)
- HUD FY2027 Fair Market Rents, county-level data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- HUD USER: Fair Market Rents (definitions and documentation) (verified Oct 22, 2026)
- HUD FY2026 Small Area FMRs data file (revised; prior-year column) (verified Oct 22, 2026)
- Census 2020 ZCTA-to-place relationship file (verified Oct 22, 2026)
Last updated: Oct 22, 2026 · Next review: Jan 15, 2027 · Download CSV (county FMRs) · Download CSV (ZIP and city SAFMRs) · Methodology