Last updated
Average Rent in Shadow Lawn & Rent Trends
Rent prices and market trends across 2 apartment communities in Shadow Lawn, Palm Bay, FL. Updated daily.
Market Average
$2,190/mo
▲ +12.6% from last month
Lowest Available
$1,535/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
27
available now
Shadow Lawn vs Palm Bay, FL Average
Shadow Lawn is more expensive the Palm Bay, FL average by $188/mo (9%). The citywide average is $2,002/mo across all neighborhoods.
Is Rent Going Up or Down in Shadow Lawn?
As of May 2026, the average rent in Shadow Lawn is $2,190 per month across 2 apartment communities and 27 available units. Rents have increased $225 (12.6%) over the past month.
The most affordable option is Mode at Melbourne starting at $1,535/mo. By unit type, a 1-bedroom averages $2,088/mo, a 2-bedroom averages $2,351/mo, a 3-bedroom averages $1,956/mo.
Prices range from $1,535 to $2,566 per month. The most common price point is the $2,000 range, where 12 units are currently listed.
Shadow Lawn Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Shadow Lawn
Rent Prices by Apartment in Shadow Lawn
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Mode at Melbourne | $1,535/mo | $1,772/mo | 3 | 4.8 |
| Parasol Melbourne | $2,071/mo | $2,243/mo | 24 | 4.5 |
Google Search Trends for Shadow Lawn Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Shadow Lawn
What is the average rent in Shadow Lawn?
Is rent going up or down in Shadow Lawn?
What is the cheapest apartment in Shadow Lawn?
How much is a 1-bedroom apartment in Shadow Lawn?
How many apartments are available in Shadow Lawn?
What salary do I need to live comfortably in Shadow Lawn?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$88,000/year
30 percent rule -- using our average rent of $2,190/mo.
Comfortable income
$105,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,535/mo), you need to earn at least $61,000/year.
Median household income in Shadow Lawn is $67,521 , about 36% below the comfortable-living threshold.
Cost of living in Shadow Lawn
Overall prices in Shadow Lawn runs above the national average by about 1% (BEA Regional Price Parity index 101.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Shadow Lawn's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,190 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,989/mo |
Population
125,273
Median household income
$67,521
Census median rent
$1,487/mo
Rent as % of income
33.1%
Median age
41.3
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Shadow Lawn Apartments
Browse all 2 communities with daily-updated pricing and availability.