Average Rent in Palm Bay-Melbourne-Titusville, FL
The Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville, FL is $1,709 per month, based on HUD data. With a median household income of $75,817, a household would spend 27% of income on housing at Fair Market Rent. Rent has increased 19.2% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,266 |
| 1 Bedroom | $1,478 |
| 2 Bedroom | $1,709 |
| 3 Bedroom | $2,330 |
| 4 Bedroom | $2,645 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $75,817 |
| Rent Burden (2BR FMR / Income) | 27% |
| Income Needed for 2BR (30% rule) | $68,360/yr |