Palm Bay-Melbourne-Titusville vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Palm Bay-Melbourne-Titusville is 4% cheaper for renters. A 2-bedroom rents for $1,057/mo vs $1,097/mo in Raleigh-Cary — saving $480/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $712 | $760 | $48 |
| 1 Bedroom | $871 | $928 | $57 |
| 2 Bedrooms | $1,057 | $1,097 | $40 |
| 3 Bedrooms | $1,335 | $1,435 | $100 |
| 4 Bedrooms | $1,531 | $1,556 | $25 |
| Median Income | $62,156 | $70,678 | $8,522 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Palm Bay-Melbourne-Titusville or Raleigh-Cary cheaper to rent in?
Palm Bay-Melbourne-Titusville is cheaper — a 2-bedroom Fair Market Rent is $1,057/mo vs $1,097/mo in Raleigh-Cary. That's $40/mo or $480/year more expensive in Raleigh-Cary (4% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Raleigh-Cary?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Raleigh-Cary?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Raleigh-Cary it is $760/mo.