Palm River-Clair Mel, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Palm River-Clair Mel, Florida rental market.
Palm River-Clair Mel, Florida
Average Apartment Rent
$1,838
Y-o-Y Change in Average
Apartment Rent
1.6%
As of May 2026
Compared to a year ago, Palm River-Clair Mel, Florida apartments have recorded a 1.6% rent increase.
Palm River-Clair Mel, Florida Average apartment rent trend
Palm River-Clair Mel, Florida Average Apartment Rent
Palm River-Clair Mel, Florida Apartment rent ranges
At 58.08%, apartments priced $1,500 - $2,000 represent the bulk of Palm River-Clair Mel, Florida rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 3.44%.
Palm River-Clair Mel, Florida Housing tenure**
Renters take up 38% of Palm River-Clair Mel, Florida real estate, occupying a total of 3,576 units, while homeowners live in 5,845 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$43,694
Average household size of renter-occupied housing units**
2.67
Rental vacancy rate**
5.2%
Palm River-Clair Mel, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,777 rentals in Palm River-Clair Mel, Florida with 2 beds making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 91 units. Overall, the median number of rooms in Palm River-Clair Mel, Florida homes for rent is 4.6.
Palm River-Clair Mel, Florida Renter-occupied units by age of householder**
Most condos for rent in Palm River-Clair Mel, Florida are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Palm River-Clair Mel, Florida Renter-occupied housing units by family type**
Palm River-Clair Mel, Florida Renter-occupied housing units by the presence of own children**
A total of 1,975 apartments for rent in Palm River-Clair Mel, Florida, or 55% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 1,227 units. All in all, the median size of a renter-occupied household in Palm River-Clair Mel, Florida is 2.67.
Palm River-Clair Mel, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Palm River-Clair Mel, Florida.
Palm River-Clair Mel, Florida Renter-occupied units by year structure built**
The highest share of Palm River-Clair Mel, Florida apartment rentals, namely 20% or 701 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (17%, 613 units), and the ones Built 1990 - 1999 (17%, 601 units).
Palm River-Clair Mel, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Palm River-Clair Mel, Florida renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Palm River-Clair Mel, Florida condos for rent is 2017.
Palm River-Clair Mel, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Palm River-Clair Mel, Florida renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 10% have No vehicle available.
Palm River-Clair Mel, Florida Means of transportation to work of householders living in renter-occupied housing units**
Palm River-Clair Mel, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Palm River-Clair Mel, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
