Palm Bay-Melbourne-Titusville vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 40% cheaper for renters. A 2-bedroom rents for $756/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $3,612/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Springfield | Difference |
|---|---|---|---|
| Studio | $712 | $519 | $193 |
| 1 Bedroom | $871 | $612 | $259 |
| 2 Bedrooms | $1,057 | $756 | $301 |
| 3 Bedrooms | $1,335 | $923 | $412 |
| 4 Bedrooms | $1,531 | $1,067 | $464 |
| Median Income | $62,156 | $44,958 | $17,198 |
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
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/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 $756/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $301/mo or $3,612/year more expensive in Palm Bay-Melbourne-Titusville (40% 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 $756/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 $44,958/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 $519/mo.