Cheap Apartments for Rent in Melbourne, AR from $400 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melbourne.

property at 132 S Curry St

132 S Curry St

West PlainsMO65775
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White River Commons
Studio to 1 Bedroom Apartments

White River Commons

1325 N Saint LouisBatesville, AR 72501
  • Utilities Included
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West End Social
Studio Apartments

West End Social

1350 Hwy 62 WMountain Home, AR 72653
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West Towne Apartments
2 Bedroom Apartments

West Towne Apartments

2103 W Beebe Capps ExpySearcy, AR 72143
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Grand Apartments
1 to 2 Bedroom Apartments

Grand Apartments

38 Wall StMountain Home, AR 72653
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Showing Results 1-34, Page 1 of 1

Melbourne, AR Local Guide

Cheapest Available Melbourne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melbourne, AR is a Studio unit found at The Heights Apartments priced from $450. Breckenridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Heights ApartmentsSmall StudioStudio,1BA$450
Breckenridge ApartmentsBreckenridge - 1 Bed 1 Bath no W/D Hookup1BR,1BA$475
Sugarloaf StudiosStudioStudio,1BA$575
Meadow Lake Apartments1.11BR,1BA$675
Spring River CommonsStudioStudio,1BA$675
Tara Apartments2 bedroom apartment2BR,1BA$725
Creekside Village Townhomes2BR/1.0BA2BR,1BA$795
Grand Oak Place2x12BR,1BA$850
The Oak Townhomes2 Bed 1.5 Bath - Morganne Dr2BR,1BA$850
The EllingtonEleanorStudio,1BA$900

Best Value Apartments for Rent in Melbourne, AR and Nearby

As of October 28, 2025 the best value apartment in the Melbourne area is the $0.93 price per square foot 1501 Model at 2700 Burke Ave in the starting from $1,400. The second greatest value Melbourne apartment is the Triplex Model at Magnolia Gardens starting at $1,435 with a $1.12 price per square foot . Here is today’s list of the best values for Melbourne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2700 Burke Ave15012BR,1.5BA$0.93
Magnolia GardensTriplex2BR,2BA$1.12
The Oak Townhomes2 Bed 1.5 Bath - Morganne Dr2BR,1.5BA$0.71
Creekside Village Townhomes2 Bedroom Townhome2BR,1BA$0.94
Parkside1 bedroom1BR,1BA$1.23
Tara Apartments2 bedroom apartment2BR,1BA$0.97
Grand Oak Place2x12BR,1BA$1.16
Breckenridge ApartmentsBreckenridge - 2 Bed 1 Bath2BR,1BA$0.93
Sugarloaf StudiosStudioStudio ,1BA$1.15
The Heights ApartmentsSmall StudioStudio ,1BA$1.00

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Getting Around Melbourne, AR

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Melbourne Apartments

What is the Cheapest Studio apartment in Melbourne?

Currently the most affordable Cheap Studio Apartment in Melbourne is at The Heights Apartments listed at $450.

How much is rent for a Cheap One Bedroom Melbourne Apartment?

The lowest price for a Cheap One Bedroom Melbourne Apartment is $475 at Breckenridge Apartments.

What is the lowest price for a Cheap Two Bedroom Melbourne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melbourne is starting from $565 at Breckenridge Apartments.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Grand Oak Place and starts from $995.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.