Palm Beach Gardens, 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 Beach Gardens, Florida rental market.
Palm Beach Gardens, Florida
Average Apartment Rent
$2,722
Y-o-Y Change in Average
Apartment Rent
3%
As of March 2026
Compared to a year ago, Palm Beach Gardens, Florida apartments have recorded a 3% rent increase.
Palm Beach Gardens, Florida Average apartment rent trend
Palm Beach Gardens, Florida Average Apartment Rent
Palm Beach Gardens, Florida Apartment rent ranges
At 36.64%, apartments priced $2,500 - $3,000 represent the bulk of Palm Beach Gardens, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.97%.
Palm Beach Gardens, Florida Housing tenure**
Renters take up 26% of Palm Beach Gardens, Florida real estate, occupying a total of 6,845 units, while homeowners live in 19,114 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$73,314
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
8.3%
Palm Beach Gardens, Florida Renter-occupied housing units by no. of bedrooms**
There are 3,438 rentals in Palm Beach Gardens, 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 (1%), amounting to 82 units. Overall, the median number of rooms in Palm Beach Gardens, Florida homes for rent is 4.
Palm Beach Gardens, Florida Renter-occupied units by age of householder**
Most condos for rent in Palm Beach Gardens, Florida are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Palm Beach Gardens, Florida Renter-occupied housing units by family type**
Palm Beach Gardens, Florida Renter-occupied housing units by the presence of own children**
A total of 2,997 apartments for rent in Palm Beach Gardens, Florida, or 44% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 1,613 units. All in all, the median size of a renter-occupied household in Palm Beach Gardens, Florida is 2.06.
Palm Beach Gardens, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 49% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Palm Beach Gardens, Florida.
Palm Beach Gardens, Florida Renter-occupied units by year structure built**
The highest share of Palm Beach Gardens, Florida apartment rentals, namely 24% or 1,652 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (19%, 1,299 units), and the ones Built 2010 - 2019 (18%, 1,261 units).
Palm Beach Gardens, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Palm Beach Gardens, Florida renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Palm Beach Gardens, Florida condos for rent is 2018.
Palm Beach Gardens, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Palm Beach Gardens, Florida renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 14% have No vehicle available.
Palm Beach Gardens, Florida Means of transportation to work of householders living in renter-occupied housing units**
Palm Beach Gardens, 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 Beach Gardens, 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
