Palm Bay-Melbourne-Titusville vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 47% cheaper for renters. A 2-bedroom rents for $720/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $4,044/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Springfield | Difference |
|---|---|---|---|
| Studio | $712 | $490 | $222 |
| 1 Bedroom | $871 | $583 | $288 |
| 2 Bedrooms | $1,057 | $720 | $337 |
| 3 Bedrooms | $1,335 | $925 | $410 |
| 4 Bedrooms | $1,531 | $987 | $544 |
| Median Income | $62,156 | $37,539 | $24,617 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Palm Bay-Melbourne-Titusville or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $337/mo or $4,044/year more expensive in Palm Bay-Melbourne-Titusville (47% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Springfield?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Springfield it is $37,539/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Springfield?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Springfield it is $490/mo.