See all rent data for Palm Bay, FL →
Fair Market Rent in 32902 — Palm Bay, FL
The HUD Fair Market Rent for a 1-bedroom in 32902 (Palm Bay, FL) is $1,480/month for FY2026. Limited market trend data is available for this area. Studio: $1,270. 2-bedroom: $1,710.
Fair Market Rent · 1-Bedroom
$1,480/mo
Source: HUD Fair Market Rent
This area has limited data coverage. For more detailed rent data, see the city-level analysis for Palm Bay.
Data through
The HUD Fair Market Rent for a 1-bedroom in 32902 (Palm Bay, FL) is $1,480 for FY2026.
Rents in 32902 have increased 5.0% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is limited based on 1 data source.
Based on HUD Fair Market Rent, a fair rent increase in Palm Bay (32902) is approximately 5.0% for 2026. The typical 1-bedroom rent is $1,480/month. Any increase significantly above 5.0% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
What Should Rent Cost in 32902 (Palm Bay)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 32902 (Palm Bay) typically rents for $1,270 – $1,461.
Rents above $1,680 are in the top 25% for this area.
A 1-bedroom in 32902 (Palm Bay) typically rents for $1,480 – $1,702.
Rents above $1,957 are in the top 25% for this area.
A 2-bedroom in 32902 (Palm Bay) typically rents for $1,710 – $1,966.
Rents above $2,261 are in the top 25% for this area.
A 3-bedroom in 32902 (Palm Bay) typically rents for $2,330 – $2,680.
Rents above $3,082 are in the top 25% for this area.
A 4-bedroom in 32902 (Palm Bay) typically rents for $2,650 – $3,047.
Rents above $3,504 are in the top 25% for this area.
Current Asking Rents in 32902
What are apartments actually renting for near 32902? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Florida →
▶Full market data
Federal Rent Benchmarks for 32902
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Palm Bay-Melbourne-Titusville, FL MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $1,270 |
| 1-Bedroom | $1,480 |
| 2-Bedroom | $1,710 |
| 3-Bedroom | $2,330 |
| 4-Bedroom | $2,650 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 32902
What is the average 1-bedroom rent in 32902?
The HUD Fair Market Rent for a 1-bedroom in 32902 (Palm Bay, FL) is $1,480/month for FY2026. This page also shows benchmark rents for studios and 2-bedroom apartments in the same area.
What is a fair rent increase in 32902?
A rent increase up to about 5.0% is in line with the recent local market trend in 32902. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 32902?
Rents in 32902 have risen 5.0% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 32902?
On this page, studio rent in 32902 is $1,270/month and 2-bedroom rent is $1,710/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Palm Bay, FL? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 32902 ($1,480/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Palm Bay, FL
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →