Palm Bay — Bay, FL Rent Comps

Asking & effective rent by bedroom

Average asking rent across observed units: $1,674. Average effective rent: $1,674.

Type	Asking rent	Effective rent	Avg sqft	Observations
1 bedroom	$1,484	$1,484	845	2
2 bedroom	$1,769	$1,769	1,082	4

HUD Fair Market Rent gap

HUD area: Palm Bay-Melbourne-Titusville, FL MSA.

FMR comparison not observed for this property.

Amenities

100% Smoke-Free CommunityAmple Green SpaceCeiling Fans in Living Room & Bedroom(s)Coastal-Inspired Resident ClubhouseContemporary Coastal DesignControlled Access Gated EntryDetached Garages Available to RentElevator AccessExpansive Central Lagoon with Eco-Friendly Water TreatmentExpansive WindowsFitness Center Featuring State-of-the-Art EquipmentFrigidaire Stainless Steel AppliancesFull-size Washer and DryersGarbage DisposalGlass Shower EnclosureGranite CountertopsKitchen PantriesLarge PatiosLinen ClosetsLuxurious Pool Area with Beach-Style EntryMedia & Gaming RoomModern Window CoveringsOn-Demand Fitness ClassesPet-Friendly with No Size Limits

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

Property	Location	Distance	Avg asking	Similarity
Stonewood Townhomes	Melbourne, FL	1.46 mi	$1,308	53%
Amore Village Townhomes	Melbourne, FL	2.97 mi	$2,004	44%

Sources & provenance

Sourced from https://aquapalmbayapts.com/floorplans/ — 6 observation(s), last observed Aug 4, 2026.

Data age: 13 days. Last observed: Aug 4, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

Open the interactive comp report →