Palm City renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Palm City is about $1,529 per month. This puts it in the 25th percentile compared to the city average cost of rent, which is $2,110. Households in Palm City have a median income of $5,499 per month so the average renter in Palm City is spending roughly 28% of their earnings on housing.
Nationally, and in Palm City, home values are the data point most closely correlated with the cost of rent. The median price of a home in Palm City is $325,848 right now, which is lower than nearby neighborhoods, meaning that rents in Palm City also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Palm City while lower rent rates are often available in southern areas.
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