Palm Bay-Melbourne-Titusville vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 27% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $2,664/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Rapid City | Difference |
|---|---|---|---|
| Studio | $712 | $574 | $138 |
| 1 Bedroom | $871 | $702 | $169 |
| 2 Bedrooms | $1,057 | $835 | $222 |
| 3 Bedrooms | $1,335 | $1,106 | $229 |
| 4 Bedrooms | $1,531 | $1,277 | $254 |
| Median Income | $62,156 | $44,904 | $17,252 |
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
Rapid City
- Studio
- $574/mo
- 1 BR
- $702/mo
- 2 BR
- $835/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,277/mo
- Median Income
- $44,904/yr
Frequently Asked Questions
Is Palm Bay-Melbourne-Titusville or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $222/mo or $2,664/year more expensive in Palm Bay-Melbourne-Titusville (27% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Rapid City?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Rapid City it is $44,904/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Rapid City?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Rapid City it is $574/mo.