Palm Bay-Melbourne-Titusville vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wilmington is 3% cheaper for renters. A 2-bedroom rents for $1,024/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $396/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Wilmington | Difference |
|---|---|---|---|
| Studio | $712 | $656 | $56 |
| 1 Bedroom | $871 | $838 | $33 |
| 2 Bedrooms | $1,057 | $1,024 | $33 |
| 3 Bedrooms | $1,335 | $1,314 | $21 |
| 4 Bedrooms | $1,531 | $1,459 | $72 |
| Median Income | $62,156 | $52,995 | $9,161 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Palm Bay-Melbourne-Titusville or Wilmington cheaper to rent in?
Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,024/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $33/mo or $396/year more expensive in Palm Bay-Melbourne-Titusville (3% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Wilmington?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Wilmington it is $52,995/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Wilmington?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Wilmington it is $656/mo.