Long-term Rental Rates — June 2026 · ZIPs: 33157,33158
Local market data by Estaite
As of June 2026, rental prices in Palmetto Bay, FL range from $1,771 to $4,183 per month depending on property type and bedroom count.
The biggest year-over-year increase was seen in single-family 3BR properties, which grew by 3.84%.
For 4BR units, single-family homes lead with a median rent of $4,183, compared to $3,763 for apartments and $3,992 for condos/townhomes.
What is the current rent range in Palmetto Bay, FL as of June 2026?
As of June 2026, rents in Palmetto Bay, FL range from $1,771 per month for single-family 1BR units up to $4,183 per month for single-family 4BR units.
Which segment in Palmetto Bay, FL had the largest year-over-year rent increase, and is the growth broad or concentrated?
Single-family 3BR homes had the highest annual rent increase in Palmetto Bay, FL, rising 3.84% year-over-year to $3,329; the growth is moderately reflected in other single-family sizes as 2BR and 4BR also increased, though less sharply.
For which bedroom count do single-family properties dramatically outperform other types in Palmetto Bay, FL?
For 4BR rentals in Palmetto Bay, FL, single-family homes dramatically outperform apartments at $4,183 vs $3,763 and condos/townhomes at $3,992.
What is the premium gap between apartments and condos for the same bedroom count in Palmetto Bay, FL?
For 3BR units in Palmetto Bay, FL, condos/townhomes have a median rent of $2,991, which is $124 higher than apartments at $2,867.
Palmetto Bay, FL
June 2026
33157,33158
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,883 – $2,069
1.33%
-5.50%
2-Bedroom
$2,161 – $2,389
0.22%
-7.64%
3-Bedroom
$2,738 – $2,996
-10.15%
-2.67%
4-Bedroom
$3,605 – $3,921
-5.22%
-3.32%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,902 – $2,028
9.13%
-4.11%
2-Bedroom
$2,052 – $2,158
0.49%
-1.80%
3-Bedroom
$2,901 – $3,080
1.24%
-1.25%
4-Bedroom
$3,852 – $4,132
0.74%
0.19%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,709 – $1,833
5.60%
-6.62%
2-Bedroom
$2,609 – $2,771
2.45%
1.41%
3-Bedroom
$3,156 – $3,502
-2.24%
3.84%
4-Bedroom
$3,974 – $4,392
5.10%
2.16%
Data updated: July 19, 2026
In the Palmetto Bay (33157, 33158) rental market, 1-bedroom apartments experienced a sharp month-over-month increase, reaching a median rent of $1,944—up 9.69%. However, this segment still posted a 6.83% year-over-year decline, indicating shifting demand in Palmetto Bay (33157, 33158) for smaller apartment units.
Among 3-bedroom rentals in Palmetto Bay (33157, 33158), single-family homes commanded a $3,414 median rent—outperforming 3BR condos by $494. This segment also saw 3.07% MoM and 6.71% YoY growth, marking it as the strongest performer among larger units.
Rental data highlights that Palmetto Bay (33157, 33158) rental trends show 4-bedroom condos at $3,980, with a median rent gain of 2.10% month-over-month and 1.05% year-over-year. This positions large condos close in price to apartments and single-family homes in the same bedroom count.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$2,137
$2,494
$3,020
$4,002
July 2025
$2,126
$2,501
$3,077
$3,974
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$2,094
$2,215
$3,041
$3,999
July 2025
$2,026
$2,221
$2,995
$4,041
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$1,874
$2,683
$3,365
$4,341
July 2025
$1,899
$2,678
$3,326
$4,382
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