Metro FMR · CBSA 37340 · HUD FY2026

Palm Bay-Melbourne-Titusville, FL MSA Fair Market Rent

HUD's FY2026 Fair Market Rent for the Palm Bay-Melbourne-Titusville, FL MSA metro area - 54% above the US average.

$1,478
1-bedroom FMR
$1,709
2-bedroom FMR
+5.0%
YoY change
+54%
vs US avg

The verdict

A 2-bedroom in the Palm Bay-Melbourne-Titusville, FL MSA area rents at $1,709 under HUD's FY2026 Fair Market Rent - 45% above the US average, higher than 79% of the 387 metro areas HUD tracks.

#81
priciest of 387 US metros (2BR)
+45%
vs the US 2-bedroom average
$68,360
income to afford it (30% rule)
+5.0%
1BR change, FY2025→2026

Affordability & income context

Palm Bay-Melbourne-Titusville: #81 priciest nationally · income context

At the metro's ACS median household income of $75,817, this 1-bedroom FMR takes 23.4% of annual income. It remains below the 30% affordability guide, but is a material part of a median-income household's budget.

The 2-bedroom figure places Palm Bay-Melbourne-Titusville in the upper-rent quarter of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 610,723 residents, this is a major regional metro benchmark rather than a single-neighborhood rent quote.

Its 2-bedroom FMR sits in the upper-rent quarter of HUD metro areas, so the local-income comparison is more informative than the national rank alone.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$1,266/mo

20.0% of median income

1 Bedroom

$1,478/mo

23.4% of median income

2 Bedroom

$1,709/mo

27.0% of median income

3 Bedroom

$2,330/mo

36.9% of median income

4 Bedroom

$2,645/mo

41.9% of median income

FMR filing desk

CBSA CBSA·37340

Palm Bay-Melbourne-Titusville: $1,478/mo 1BR · #81 of 387 metros (2BR) · FY2026 CBSA 37340

  • CBSA 37340
  • 1BR-FMR $1,478
  • 2BR-FMR $1,709
  • RANK-MID #81
  • YOY-UP +5.0%
  • VSUS-HIGH +54%
  • IN-ST-HIGH #14 FL
  • INC-MID 23%
  • POP-MAJOR 611K
  • PHOTO-NEAR Baker County
  • VOUCH-90-110 $1,330–$1,626
  • FY-2026 FY2026

Photo-finish peer: Baker County ($556 1BR gap)

Read with: Understanding rent burden

Where Palm Bay-Melbourne-Titusville sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,709 Top 21% higher than 79% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). Below this entry. $1,200–$1,400: 95 metro areas (25%). Below this entry. $1,400–$1,600: 52 metro areas (13%). Below this entry. $1,600–$1,800: 41 metro areas (11%). This entry sits in this band. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

Palm Bay-Melbourne-Titusville studio–4BR schedule (FY2026) · 2BR #81 nationally

1BR $1,478 (+54% vs US, +5.0% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 37340.

Studio
$1,266
US avg $893
↑5.2% YoY +42% vs US
1 Bedroom
$1,478
US avg $959
↑5.0% YoY +54% vs US
2 Bedroom
$1,709
US avg $1,175
↑4.5% YoY +45% vs US
3 Bedroom
$2,330
US avg $1,525
↑4.8% YoY +53% vs US
4 Bedroom
$2,645
US avg $1,756
↑3.9% YoY +51% vs US

How Palm Bay-Melbourne-Titusville compares on 1-bedroom rent

1-bedroom FMR vs other FL metro areas

1BR FMR / mo

What this shows Palm Bay-Melbourne-Titusville highlighted among 5 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Palm Bay-Melbourne-Titusville: out-of-state FMR & burden peers

PlainRent pairs Palm Bay-Melbourne-Titusville with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside FL (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside FL

Nearest schedules by 2BR delta (FY2026).

Minneapolis-St. Paul-Bloomington
MN · 2 BR $1,709/mo
Durham-Chapel Hill
NC · 2 BR $1,711/mo
Albany-Schenectady-Troy
NY · 2 BR $1,702/mo
Mount Vernon-Anacortes
WA · 2 BR $1,720/mo

Burden % · outside FL

Nearest 2BR FMR ÷ ACS median income (FY2026).

Santa Fe
NM · 27.1% of income · 2 BR $1,685/mo
Savannah
GA · 27% of income · 2 BR $1,680/mo
Bridgeport-Stamford-Danbury
CT · 27% of income · 2 BR $2,511/mo
Macon-Bibb County
GA · 27% of income · 2 BR $1,307/mo

Palm Bay-Melbourne-Titusville: quick answers

What is the average rent in the Palm Bay-Melbourne-Titusville, FL MSA metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Palm Bay-Melbourne-Titusville, FL MSA is $1,478 per month. A 2-bedroom is $1,709 and a studio is $1,266.
How does Palm Bay-Melbourne-Titusville, FL MSA rent compare to the national average? ▼
Rent in the Palm Bay-Melbourne-Titusville, FL MSA metro area is 54% above the national average. A 1-bedroom costs $1,478 compared to $959 nationally.
Where does Palm Bay-Melbourne-Titusville rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,709 ranks #81 most expensive among 387 US metro areas (the upper-rent quarter of HUD metro areas).
What income do I need to afford rent in Palm Bay-Melbourne-Titusville, FL MSA? ▼
Based on the 30% affordability rule, you need an annual income of at least $59,120 ($4,927/month) to afford a 1-bedroom at Fair Market Rent in the Palm Bay-Melbourne-Titusville, FL MSA area.

Compare Palm Bay-Melbourne-Titusville vs Baker County →

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $1,478/mo · 1BR FL

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.