Palm Bay-Melbourne-Titusville, FL MSA
FY 2026 HUD Fair Market Rents for the Palm Bay-Melbourne-Titusville, FL MSA metro area. Population: 610,723.
Fair Market Rents (2026)
Studio
National avg: $893
$1,266/mo
↑ 5.2% YoY
+42% vs US
1 Bedroom
National avg: $959
$1,478/mo
↑ 5.0% YoY
+54% vs US
2 Bedroom
National avg: $1,175
$1,709/mo
↑ 4.5% YoY
+45% vs US
3 Bedroom
National avg: $1,525
$2,330/mo
↑ 4.8% YoY
+53% vs US
4 Bedroom
National avg: $1,756
$2,645/mo
↑ 3.9% YoY
+51% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,203 | $1,266 | +$63 (+5.2%) |
| 1 Bedroom | $1,408 | $1,478 | +$70 (+5.0%) |
| 2 Bedroom | $1,635 | $1,709 | +$74 (+4.5%) |
| 3 Bedroom | $2,224 | $2,330 | +$106 (+4.8%) |
| 4 Bedroom | $2,545 | $2,645 | +$100 (+3.9%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$59,120
$4,927/month gross
Required annual income for 2 BR
$68,360
$5,697/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.