Average Rent in West Palm Beach, FL

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Current Versus Historical West Palm Beach, FL Rents

West Palm Beach rentals average $1,475 for a studio rental to $10,500 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $548 (-31.36%) year-over-year from $1,748 to $1,200. 1-bedroom rentals prices have increased by $378 (23.27%) year-over-year from $1,623 to $2,000. 2-bedroom rentals prices have decreased by $133 (-5.97%) year-over-year from $2,233 to $2,100. 3-bedroom rentals prices have increased by $8 (0.24%) year-over-year from $3,065 to $3,073. 4-bedroom rentals prices have increased by $3,433 (48.58%) year-over-year from $7,067 to $10,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 5.88% this month. 1-bedroom rents have gone up by 10.09% this month. 2-bedroom rents have gone up by 5.44% this month. 3-bedroom rents have gone up by 13.13% this month. 4-bedroom rents have gone up by 80.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.99	$1,200	$1,748 (-31.36%)	$1,105 (8.60%)
1 BR	$2.71	$2,000	$1,623 (23.27%)	$1,448 (38.09%)
2 BR	$2.02	$2,100	$2,233 (-5.97%)	$1,850 (13.51%)
3 BR	$2.36	$3,073	$3,065 (0.24%)	$2,533 (21.28%)
4+ BR	$5.22	$10,500	$7,067 (48.58%)	$2,573 (308.16%)

Historical Rents in West Palm Beach, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near West Palm Beach

There are a total of 1 cities nearby West Palm Beach. The average rent in West Palm Beach is currently $2,523 per month. Our records show that Boynton Beach, FL, with an average rent of $2,523, is the most affordable city nearby. In contrast, the most expensive city near West Palm Beach, FL is Boynton Beach, FL. Monthly rents here are on average $2,523 per month.

Let's compare West Palm Beach, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 5.41% more expensive. Two bedrooms in West Palm Beach, FL are about 4.76% more affordable. Finally, rent for three bedrooms are about 8.59% more expensive. Want more information? Check out the top 1 cities near West Palm Beach, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Boynton Beach, FL	N/A	$1,750	$2,200	$2,523

Top Neighborhoods Near West Palm Beach

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near West Palm Beach

Some of these counties include West Palm Beach, FL, Lake Worth, FL, and Boynton Beach-Delray Beach, FL. The average rent for rentals in these counties is $3,200. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is West Palm Beach, FL. It's average rent per month is $2,100. Vice versa, with an average rent of $4,075, Jupiter, FL is the most expensive county by West Palm Beach, FL.

In comparison, rent for one bedroom listings in West Palm Beach, FL is 12.16% more expensive than other counties nearby. Finally, rent for two bedrooms in West Palm Beach, FL is 10.71% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
West Palm Beach, FL	$1,475	$1,600	$2,100	$2,100
Lake Worth, FL	$2,000	$1,500	$2,200	$2,450
Boynton Beach-Delray Beach, FL	N/A	$1,850	$2,350	$2,750
Sunshine Parkway, FL	N/A	$1,625	$2,325	$3,200
Riviera Beach, FL	N/A	$2,500	$3,233	$3,400
Royal Palm Beach-West Jupiter, FL	N/A	$1,590	$2,100	$4,000
Jupiter, FL	$3,750	$4,175	$4,150	$4,075

Top Zipcodes Near West Palm Beach

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - West Palm Beach Average Rents

What is the average rent price in West Palm Beach, FL?

The average monthly rental price for West Palm Beach, FL apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do West Palm Beach, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in West Palm Beach, FL.

How much is a studio apartment in West Palm Beach, FL?

The average monthly rental price for studio apartments is $1,475 and an average price per square feet of $2.99. There are a total of 2 studio apartment listings currently available for rent in West Palm Beach.

How much is a one bedroom apartment in West Palm Beach, FL?

The average monthly rental price for one bedroom apartments is $1,850 and an average price per square feet of $2.71. There are a total of 31 one bedroom apartment listings currently available for rent in West Palm Beach.

How much is a two bedroom apartment in West Palm Beach, FL?

The average monthly rental price for two bedroom apartments is $2,100 and an average price per square feet of $2.02. There are a total of 66 two bedroom apartment listings currently available for rent in West Palm Beach.

How have rent prices in West Palm Beach, FL changed this year?

Rent prices for rentals in West Palm Beach, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.31%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in West Palm Beach, FL?

A reasonable rent price in West Palm Beach, FL is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.