Cedar Rapids vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 32% cheaper for renters. A 2-bedroom rents for $800/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $3,084/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $530 | $712 | $182 |
| 1 Bedroom | $637 | $871 | $234 |
| 2 Bedrooms | $800 | $1,057 | $257 |
| 3 Bedrooms | $966 | $1,335 | $369 |
| 4 Bedrooms | $1,168 | $1,531 | $363 |
| Median Income | $45,870 | $62,156 | $16,286 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/yr
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Cedar Rapids or Palm Bay-Melbourne-Titusville cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $257/mo or $3,084/year more expensive in Palm Bay-Melbourne-Titusville (32% higher).
What is the 2-bedroom rent in Cedar Rapids vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Cedar Rapids and Palm Bay-Melbourne-Titusville?
The median household income in Cedar Rapids is $45,870/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Cedar Rapids vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.