Typical asking rent in West Palm Beach rose $90 a month in a year, to $2,377 in August, while home values rose 1.4%. Most neighbors still cost more to rent.
Updated Oct. 19: Zillow’s September release puts the typical asking rent at $2,365, up 4.1% in a year, and revises August down to $2,354. See our September home values story.
The typical asking rent in West Palm Beach was $2,377 a month in August, up 3.9% from a year earlier. That is about $90 more a month, or about $1,080 more over a year’s lease.
Rents rose faster than home values. The typical home value in the city rose 1.4% over the same 12 months, to $404,294.
Both figures come from Zillow Research. The rent figure is the Zillow Observed Rent Index. It tracks asking rents for the middle of the rental market, apartments and houses together. It is smoothed and seasonally adjusted, and it is not what any one tenant pays. Zillow revises past months, so the figures can shift.
Rent month by month
West Palm Beach rents held near $2,290 through last fall and winter. They started climbing in March.
| Month | Typical asking rent |
|---|---|
| August 2025 | $2,287 |
| September 2025 | $2,297 |
| October 2025 | $2,286 |
| November 2025 | $2,295 |
| December 2025 | $2,285 |
| January 2026 | $2,297 |
| February 2026 | $2,306 |
| March 2026 | $2,334 |
| April 2026 | $2,354 |
| May 2026 | $2,357 |
| June 2026 | $2,352 |
| July 2026 | $2,358 |
| August 2026 | $2,377 |
The August figure was up 0.8% from July. West Palm Beach ranked 101st of the 311 Florida cities in the index.
West Palm Beach against its neighbors
Renting in West Palm Beach still costs less than in most nearby cities. Here is how the neighbors compare, with distances from West Palm Beach:
| City | Distance | August 2026 | Change in a year |
|---|---|---|---|
| Palm Beach | 6 miles east | $7,432 | +22.4% |
| North Palm Beach | 7 miles north | $2,832 | +4.3% |
| Palm Beach Gardens | 8 miles north | $2,814 | +4.2% |
| Royal Palm Beach | 7 miles west | $2,650 | +2.7% |
| Riviera Beach | 4 miles north | $2,618 | +2.5% |
| West Palm Beach | $2,377 | +3.9% | |
| Palm Springs | 8 miles southwest | $2,190 | +1.1% |
| Greenacres | 8 miles southwest | $2,128 | +4% |
| Lake Park | 5 miles north | $1,986 | not available |
Source: Zillow Observed Rent Index, August 2025 and August 2026.
Palm Beach is a small, expensive island market, and its index moves sharply from month to month. Zillow’s series for Lake Park starts in June 2026, so there is no year-earlier figure.
West Palm Beach rents rose faster than in Riviera Beach, Royal Palm Beach and Palm Springs. They rose a little more slowly than in North Palm Beach, Palm Beach Gardens and Greenacres.
Rents up, home values flat
Home values in West Palm Beach grew more slowly than rents. Zillow’s Home Value Index, a smoothed estimate for the middle third of homes, put the typical value at $404,294 in August. That was up from $398,518 a year earlier.
The gap matters in a city where about half of households rent. The Census Bureau’s 2020-2024 American Community Survey estimates that 49.5% of occupied homes in West Palm Beach are rented, against 29.9% across Palm Beach County. The survey put the median gross rent, what tenants actually pay including utilities, at $1,772. That is a five-year average and runs well below current asking rents.
What it means for you
- If your lease is up for renewal, the typical asking rent in the city is about 4% higher than a year ago. A new listing priced well above that is above the middle of the market.
- If you are moving within the area, Palm Springs, Greenacres and Lake Park had lower typical asking rents than West Palm Beach in August. North Palm Beach and Palm Beach Gardens were about $440 to $460 a month higher.
- If you are weighing buying, home values have barely moved in a year. See our home prices page for sale prices and how long homes take to sell.
- For the city’s population, incomes and housing mix, see our population guide.
Have your say