Long-term Rental Rates — August 2026 · ZIPs: 33157,33158
Local market data by Estaite
As of August 2026, rental prices in Palmetto Bay, FL range from $1,716 to $4,421 per month depending on property type and bedroom count.
The largest year-over-year growth occurred in 4BR single-family homes, with a 3.09% increase, while year-over-year changes for other segments ranged from -9.54% to 2.30%.
For 3-bedroom units, single-family homes have a median rent of $3,428, which is higher than apartments at $2,933.
What is the range of median rents in Palmetto Bay, FL as of August 2026?
As of August 2026, median rents in Palmetto Bay, FL stretch from $1,716 for 1-bedroom single-family homes up to $4,421 for 4-bedroom single-family homes.
Which segment in Palmetto Bay, FL experienced the highest year-over-year rent increase, and was this growth broad or isolated?
The 4-bedroom single-family segment saw the highest year-over-year increase at 3.09%, and this rise is isolated as other segments had year-over-year changes between -9.54% and 2.30%.
For which bedroom count does one property type dramatically outperform the others in Palmetto Bay, FL?
For 4-bedroom rentals, single-family homes are highest at $4,421, compared to $3,995 for condos/townhomes and $3,958 for apartments.
What is the premium gap between apartments and condos/townhomes for the same bedroom count in Palmetto Bay, FL?
For 1-bedroom units, condos/townhomes have a median rent of $2,093, which is $95 higher than apartments at $1,998 in August 2026.
Palmetto Bay, FL
August 2026
33157,33158
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,785 – $1,934
-7.15%
-11.56%
2-Bedroom
$2,179 – $2,337
-5.22%
-8.15%
3-Bedroom
$2,918 – $3,099
-8.82%
1.52%
4-Bedroom
$3,760 – $4,032
-5.78%
-2.47%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,970 – $2,071
-0.67%
0.06%
2-Bedroom
$2,119 – $2,227
3.99%
0.62%
3-Bedroom
$2,828 – $3,003
-2.33%
-1.24%
4-Bedroom
$3,842 – $4,120
2.94%
-0.30%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,570 – $1,701
-7.56%
-11.66%
2-Bedroom
$2,435 – $2,622
-5.69%
-4.65%
3-Bedroom
$3,187 – $3,488
-2.30%
0.24%
4-Bedroom
$4,058 – $4,485
5.60%
2.95%
Data updated: September 23, 2026
Palmetto Bay Rental Trends
In the Palmetto Bay (33157, 33158) rental market, 3-bedroom apartments registered a median rent of $2,933, marking an 11.3% month-over-month drop. This steep decline was the largest among apartment segments for August 2026 and highlights notable downward movement for larger multi-unit properties.
For larger residences, 4-bedroom single-family homes in Palmetto Bay (33157, 33158) saw median rents climb to $4,421, reflecting a 5.38% month-over-month increase. These units outperformed apartment and condo options by $463 and $426 on price, respectively, in August 2026.
Rental data demonstrate that Palmetto Bay (33157, 33158) rental trends show 1-bedroom condos averaged $2,093, outpacing 1-bedroom apartments by $95. Condo rents posted 2.3% year-over-year growth, while apartment rents fell 5.3% over the same period.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,859
$2,258
$3,009
$3,896
July 2026
$1,971
$2,341
$3,285
$4,130
June 2026
$1,976
$2,275
$2,867
$3,763
May 2026
$1,944
$2,276
$3,186
$3,976
April 2026
$1,770
$2,340
$2,966
$3,902
March 2026
$1,816
$2,331
$3,049
$3,789
February 2026
$1,801
$2,352
$2,977
$3,745
January 2026
$1,934
$2,409
$2,921
$3,777
December 2025
$1,936
$2,397
$2,895
$3,851
November 2025
$2,036
$2,394
$2,890
$3,919
October 2025
$2,056
$2,426
$2,907
$3,967
September 2025
$2,119
$2,451
$3,079
$3,984
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$2,021
$2,173
$2,915
$3,981
July 2026
$2,032
$2,102
$3,021
$3,841
June 2026
$1,965
$2,105
$2,991
$3,992
May 2026
$1,767
$2,086
$2,920
$3,980
April 2026
$1,777
$2,079
$2,772
$3,912
March 2026
$1,972
$2,071
$2,846
$3,847
February 2026
$1,909
$1,986
$2,918
$3,913
January 2026
$1,975
$2,128
$2,938
$3,899
December 2025
$2,023
$2,177
$3,031
$3,962
November 2025
$2,070
$2,180
$2,959
$3,985
October 2025
$2,100
$2,188
$3,003
$3,965
September 2025
$2,114
$2,231
$3,050
$3,974
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,635
$2,528
$3,338
$4,271
July 2026
$1,816
$2,695
$3,351
$4,044
June 2026
$1,771
$2,690
$3,329
$4,183
May 2026
$1,591
$2,588
$3,414
$4,051
April 2026
$1,784
$2,597
$3,292
$4,052
March 2026
$1,732
$2,597
$3,113
$3,897
February 2026
$1,743
$2,573
$3,187
$4,051
January 2026
$1,803
$2,612
$3,269
$4,314
December 2025
$1,858
$2,609
$3,242
$4,206
November 2025
$1,876
$2,624
$3,272
$4,395
October 2025
$1,890
$2,622
$3,249
$4,334
September 2025
$1,925
$2,672
$3,356
$4,494
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