Long-term Rental Rates — April 2026 · ZIPs: 33157,33158
Local market data by Estaite
As of April 2026, rental prices in Palmetto Bay, FL range from $1,770 to $4,052 per month depending on property type and bedroom count.
The largest year-over-year increase occurred in single-family 3BR properties, which rose 4.47%.
For 4-bedroom units, single-family homes have the highest median rent at $4,052, compared to apartments at $3,902 and condos/townhomes at $3,912.
What is the rent range for apartments, condos, and single-family homes in Palmetto Bay, FL?
As of April 2026, rents in Palmetto Bay, FL span from $1,770 for a 1BR apartment up to $4,052 for a 4BR single-family home.
Which rental segment saw the biggest annual increase in Palmetto Bay, FL, and is that trend broad or targeted?
The single-family 3BR segment saw the largest year-over-year increase, rising 4.47% in April 2026, and this growth is mostly concentrated in that bedroom category as other counts show smaller gains or declines.
Is there a bedroom category where one property type stands out in Palmetto Bay, FL?
Yes, for 2BR units, single-family homes dramatically outpace apartments and condos with a median rent of $2,597 compared to $2,340 for apartments and $2,079 for condos/townhomes.
How does the apartment-to-condo premium gap vary by bedroom count in Palmetto Bay, FL?
In April 2026, the apartment and condo/townhome gap for 1BR is $1,770 (apartment) vs $1,777 (condo/townhome), for 2BR it's $2,340 vs $2,079, for 3BR it's $2,966 vs $2,772, and for 4BR it's $3,902 vs $3,912, showing apartments usually rent for more than condos/townhomes except at the highest bedroom count where condos/townhomes slightly exceed apartments.
Palmetto Bay, FL
April 2026
33157,33158
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,681 – $1,858
-2.62%
-14.57%
2-Bedroom
$2,223 – $2,457
0.35%
-4.53%
3-Bedroom
$2,832 – $3,099
-2.69%
0.19%
4-Bedroom
$3,738 – $4,066
2.17%
3.59%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,715 – $1,840
-7.52%
-6.69%
2-Bedroom
$2,012 – $2,145
0.38%
-5.27%
3-Bedroom
$2,662 – $2,883
-5.44%
-7.24%
4-Bedroom
$3,775 – $4,049
0.45%
0.10%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,740 – $1,829
0.04%
-2.67%
2-Bedroom
$2,519 – $2,675
-0.79%
0.89%
3-Bedroom
$3,121 – $3,463
7.91%
4.47%
4-Bedroom
$3,850 – $4,255
4.31%
2.98%
Data updated: June 2, 2026
In the Palmetto Bay (33157, 33158) rental market, 3-bedroom single-family homes surged to a median rent of $3,292, reflecting a 7.91% month-over-month increase. The sizable rise distinguishes this segment as the most upwardly mobile in recent pricing within Palmetto Bay (33157, 33158).
Compared to other segments, 1-bedroom condos in Palmetto Bay (33157, 33158) posted a notable dip, falling 7.52% month-over-month to $1,777. This decline was larger than that of 1-bedroom apartments, which fell 2.62% to $1,770, highlighting sharper downward movement in condo pricing for smaller units.
Looking at annual performance, Palmetto Bay (33157, 33158) rental trends show 4-bedroom apartments with a median rent of $3,902, up 3.59% year-over-year. In comparison, 4-bedroom condos edged higher by only 0.10%, reaching $3,912 for the same period.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$2,129
$2,511
$3,094
$3,934
May 2025
$2,109
$2,489
$3,025
$3,856
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$2,125
$2,245
$3,086
$3,992
May 2025
$2,123
$2,202
$3,023
$3,930
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$1,880
$2,661
$3,342
$4,295
May 2025
$1,856
$2,586
$3,280
$4,149
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