BreakThru Realty

Palmetto Bay Rentals: Homes & Apartments for Rent

Every house, condo and apartment for rent in Palmetto Bay, Florida, straight from BeachesMLS and updated throughout the day, with live rent figures and local agents who know which buildings and streets are worth your application.

Tell us what you want and we will find it · Lease your Palmetto Bay home · What would my Palmetto Bay home rent for? · South Florida Rental Market Report: what homes leased for, monthly

Palmetto Bay Rental Market at a Glance

Updated October 31, 2026 from BeachesMLS.

  • 70homes for rent
  • $2,864/momedian asking rent
  • 9new rentals this week
  • 11leased in the last 30 days
Houses & townhomesCondos & apartments
Active rentals4327
Median asking rent$5,000/mo$2,250/mo
Median rent per sq ft$2.63/sq ft$2.59/sq ft
Average days on market69 days77 days
Leased in the last 90 days3212
Median leased rent (90 days)$6,200/mo$2,100/mo
Median leased rent vs. a year ago+17.5%+5%

Source: BeachesMLS. Asking rents are active rentals as of October 31, 2026; leased rents cover leases signed in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal.

Newest Palmetto Bay Rentals

The 24 newest are below; see every match with map and filters.

The 24 listings on this page run from $3,850 a month to $15,000 a month, with a median of $6,900 a month, and they have been listed a median of 24 days.

Palmetto Bay Rent by Bedroom Count

Asking rents in Palmetto Bay by size right now: studios and one-bedrooms $1,670, 2-bedrooms $2,500, 3-bedrooms $4,300, 4-bedrooms $8,850 a month, medians of the homes listed today.

SizeListed nowMedian asking rentDays on marketLeased, last 90 daysMedian achieved rent
Studio & 1 bedroom10$1,670/mo664$1,650/mo
2 bedrooms24$2,500/mo7912$2,609/mo
3 bedrooms18$4,300/mo568$4,750/mo
4+ bedrooms18$8,850/mo8120$6,825/mo

Source: BeachesMLS, monthly rents only; updated daily.

Palmetto Bay Rents Over the Last Year

MonthLeases closedMedian rentHouses & townhomesCondos & apartmentsRent per sq ftDays to lease
Oct 202517$4,500/mo$5,050/mo$2,000/mo$2.4564 days
Nov 20259$3,450/mo$5,200/mo$1,825/mo$2.5138 days
Dec 202516$5,200/mo$6,775/mo$1,750/mo$2.4842 days
Jan 202615$5,250/mo$5,500/mo$1,750/mo$2.4744 days
Feb 202621$3,485/mo$5,100/mo$2,208/mo$2.4138 days
Mar 202621$3,400/mo$5,600/mo$2,257/mo$2.7438 days
Apr 202616$4,450/mo$5,700/mo$1,850/mo$2.3841 days
May 202619$3,399/mo$5,600/mo$2,110/mo$2.5327 days
Jun 202621$4,300/mo$5,125/mo$2,255/mo$2.4122 days
Jul 202623$3,835/mo$6,900/mo$2,230/mo$2.8425 days
Aug 202621$3,200/mo$5,640/mo$2,234/mo$2.6025 days
Sep 202617$3,500/mo$6,688/mo$1,895/mo$2.6949 days

Source: BeachesMLS. Each row is the median of the leases that closed in that calendar month; seasonal and one-time quotes are excluded because they are stay totals rather than monthly rents. Not an appraisal.

Renting in Palmetto Bay

Palmetto Bay rents mostly by the house and by the year. Families lease pool homes in Southwood, Mangowood, Eastgrove and Bel Aire for the public schools and the yards, often while they decide where to buy. Near US 1, the newer Atlantico at Palmetto Bay apartments and The Addison Palmetto Bay townhomes lease to professionals who commute to Kendall, Dadeland and Coral Gables, and garden condos such as Villagio, Casa Granada and Hampton Place carry the most attainable rents. At the top, estates near Old Cutler Road and the Royal Harbour Yacht Club townhomes lease to relocating families.

Houses, Condos and Apartments

Rentals in Palmetto Bay range from studio apartments to furnished estate homes. The market table on this page splits the median rent between houses and townhomes on one side and condos and apartments on the other, because the two markets price very differently, and the pages below narrow the search by home type, monthly rent, furnishing, pets and lease length.

How Renting With BreakThru Works

Tell us your budget, move-in date and must-haves, and a licensed rental agent builds a shortlist, schedules tours and helps you apply with a complete file. In most South Florida rentals the landlord pays the agent commission, so our help costs a renter nothing.

Own a Home in Palmetto Bay?

A Palmetto Bay landlord with a house is usually choosing a family tenant for a year, timed to the school calendar, and the lease has to settle who keeps up the pool, the lawn, the trees and the septic system on a large lot. A condo owner near US 1 starts with the association, which reviews every tenant and may set a minimum term or limit how often a unit leases. Homes in the gated enclaves and at Royal Harbour add their own rules, including the slips. Once the rules are clear, we set the rent from current Palmetto Bay asking rents and the leases that actually closed.

Renting in Palmetto Bay: What to Know Before You Apply

Where renters live

Renters in Palmetto Bay mostly live in houses. Families lease pool homes on third acre lots in Southwood, Mangowood, Eastgrove and Coral Reef Estates, or smaller houses in Bel Aire and Franjo Park, for the public schools and the yards. Professionals who commute north to Dadeland, Kendall and Coral Gables take the newer rental buildings near US 1, Atlantico at Palmetto Bay for apartments and The Addison Palmetto Bay for townhomes, or a unit in a garden condo such as Villagio, Casa Granada or Hampton Place. At the top of the market, estates near Old Cutler Road and the Royal Harbour Yacht Club townhomes lease to families relocating to the village.

Annual or seasonal

Palmetto Bay is an annual rental market. Houses and condos lease unfurnished for a year, the newer apartment communities quote twelve month terms, and the busiest months follow the school calendar, with the widest choice in late spring and summer. The village has no beach and few furnished homes, so the winter season that drives coastal rents barely registers here, and a furnished estate leases for a short stay only now and then, usually to a household waiting on its own home. If you need a house with a pool before school starts in August, begin your Palmetto Bay search in the spring, because the well priced family homes go first.

What to have ready

For most Palmetto Bay houses the application goes to the owner or the listing agent, and at the newer apartment and townhome communities near US 1 it goes to the leasing office. Before you tour, gather a photo ID, proof of income such as pay stubs or tax returns, recent bank statements, the names of your last two landlords and your consent to a credit and background check. Mention pets, vehicles, boats and the number of occupants up front, because owners of houses on large lots ask about all four. In a condo, the association will want its own application and fee as well, so a complete packet sent early shortens the wait for a Palmetto Bay answer.

Association approval

Association approval in Palmetto Bay depends on where you rent. Most houses sit on open streets outside any association, so once the owner says yes the lease can be signed. The garden condos near US 1, such as Villagio, Casa Granada, Hampton Place and Pinebrooke, and the townhouse condos at Heritage Square review each tenant, charge an application fee and set a minimum lease term, and that review can add weeks before the move in date. The Royal Harbour Yacht Club and the gated enclaves along Old Cutler Road keep their own rules as well. Ask which case a Palmetto Bay rental falls into before you send an application.

Deposits and move-in costs

Move in costs for a Palmetto Bay rental depend on who manages it. An owner leasing a house typically collects two months of rent up front, the first and the last, together with a security deposit, and the lease should say who pays for pool service, lawn care, tree trimming and septic pumping. The newer apartment and townhome communities near US 1 set their own deposits and fees, and condo associations add an application fee of their own. A pet usually brings a deposit or a monthly fee. Florida statute sets how the landlord must hold the security deposit and when it has to come back, so photograph the home, the yard and the pool area of a Palmetto Bay rental on the day you move in.

Where to Rent in Palmetto Bay

Palmetto Bay Buildings With Units for Rent

Search Palmetto Bay Rentals

By Home Type

On the Water

Lifestyle & Lease

Recently Leased

Palmetto Bay Property Management & Leasing Services

Palmetto Bay Rentals FAQ

How much is rent in Palmetto Bay?
The median asking rent in Palmetto Bay is $2,864 a month across 70 active rentals in BeachesMLS. Houses and townhomes ask a median $5,000 and condos and apartments $2,250. Leases signed in the last 90 days closed at a median $6,200 for houses and townhomes and $2,100 for condos and apartments. These figures update daily on this page.
Do I pay a fee to rent a home in Palmetto Bay through BreakThru Realty?
In most South Florida rentals the landlord pays the agent commission, so working with a BreakThru rental agent costs a renter nothing. If a specific listing works differently, we tell you before you tour it.
What do I need to apply for a rental in Palmetto Bay?
Most landlords ask for a government-issued photo ID, recent pay stubs or an offer letter showing income of roughly three times the monthly rent, recent bank statements, a credit report and rental references. Having these ready before you tour lets you apply the same day.
How long does rental approval take in Palmetto Bay?
Landlord approval usually takes one to three business days. If the home is in a condo or HOA community, which is common in Palmetto Bay, the association runs its own application and approval, and that can take two to four weeks in many buildings. We start the association paperwork the moment you are accepted.
Can I rent a pet-friendly home in Palmetto Bay?
Yes. The pet-friendly page lists every current Palmetto Bay rental whose listing says pets are allowed. Most still set limits, such as breed or size restrictions, a maximum number of pets and a pet fee or deposit, and condo associations often add rules of their own, so we confirm the policy for your pet before you apply.

Explore