South Palm Beach, 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 South Palm Beach, Florida rental market.
South Palm Beach, Florida
Average Apartment Rent
$2,305
Y-o-Y Change in Average
Apartment Rent
2.7%
As of June 2026
Compared to a year ago, South Palm Beach, Florida apartments have recorded a 2.7% rent increase.
South Palm Beach, Florida Average apartment rent trend
South Palm Beach, Florida Average Apartment Rent
South Palm Beach, Florida Apartment rent ranges
At 41.66%, apartments priced $2,000 - $2,500 represent the bulk of South Palm Beach, Florida rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.72%.
South Palm Beach, Florida Housing tenure**
Renters take up 13% of South Palm Beach, Florida real estate, occupying a total of 128 units, while homeowners live in 866 properties.
Median number of rooms of renter-occupied housing units**
3.4
Average household size of renter-occupied housing units**
1.46
Rental vacancy rate**
13.5%
South Palm Beach, Florida Renter-occupied housing units by no. of bedrooms**
There are 91 rentals in South Palm Beach, Florida with 2 beds making up the highest share of the market, at 71%. Units with No bedrooms, on the other hand, hold the lowest percentage (5%), amounting to 6 units. Overall, the median number of rooms in South Palm Beach, Florida homes for rent is 3.4.
South Palm Beach, Florida Renter-occupied units by age of householder**
Most condos for rent in South Palm Beach, Florida are occupied by residents in the 65 - 74 years age group (31%), followed by those in the 25 - 34 years age group (27%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 7%.
South Palm Beach, Florida Renter-occupied housing units by family type**
South Palm Beach, Florida Renter-occupied housing units by the presence of own children**
A total of 32 apartments for rent in South Palm Beach, Florida, or 25% of all rentals are family households. Additionally, 5% of rental homes include children under the age of 18 – that’s 6 units. All in all, the median size of a renter-occupied household in South Palm Beach, Florida is 1.46.
South Palm Beach, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 65% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in South Palm Beach, Florida.
South Palm Beach, Florida Renter-occupied units by year structure built**
The highest share of South Palm Beach, Florida apartment rentals, namely 58% or 74 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (29%, 37 units), and the ones Built 1980 - 1989 (6%, 8 units).
South Palm Beach, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most South Palm Beach, Florida renters (52%) moved in 2018 to 2020, while only 4% of them moved in 2021 or later. Overall, the median year renters have occupied their South Palm Beach, Florida condos for rent is 2018.
South Palm Beach, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 77% of South Palm Beach, Florida renters have 1 vehicle available per household, while 23% of them have 2 or more vehicles available.
South Palm Beach, Florida Means of transportation to work of householders living in renter-occupied housing units**
South Palm Beach, 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 South Palm Beach, 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
