234 S Thayer Ave
West PlainsMO65775
Cheap Homes for Rent in Melbourne, AR from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
414 Pierce St
West PlainsMO65775
1325 N Main St
MelbourneAR72556
307 S Curry St
West PlainsMO65775
1265 Arch St
BatesvilleAR72501
1450 North St
CushmanAR72501
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
686 W 4th St
NewarkAR72562
116 Jeffery Cutoff
BatesvilleAR72501
312 S Cemetary St
Sulphur RockAR72579
701 McLain St
NewportAR72112
1 Osprey Cove
GreenbrierAR72058
197 Deer Run Dr
Cherokee VillageAR72529
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-12, Page 1 of 1
Melbourne, AR Local Guide
Country road by Ken Lund is licensed under CC BY 2.0
How much does it cost to rent a home in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne 2 Bedroom Homes for Rent | $1,008 | $550 | $1,800 |
| Melbourne 3 Bedroom Homes for Rent | $1,485 | $1,000 | $2,000 |
| Melbourne 4 Bedroom Homes for Rent | $1,931 | $1,495 | $2,500 |
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, AR Local Guide
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Cheapest Available Melbourne Apartments for Rent and Nearby
The cheapest available apartment rental in Melbourne, AR is a Studio unit found at Mammoth Spring priced from $425. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mammoth Spring | Studio | Studio,1BA | $425 |
| Breckenridge Apartments | Breckenridge - 1 Bed 1 Bath no W/D Hookup | 1BR,1BA | $475 |
| The Heights Apartments | Small Studio | Studio,1BA | $475 |
| Sugarloaf Studios | Studio | Studio,1BA | $525 |
| Cadron Commons | Studio | Studio,1BA | $525 |
Best Value Apartments for Rent in Melbourne, AR and Nearby
As of April 25, 2026 the best value apartment in the Melbourne area is the $0.67 price per square foot 1503 Model at 2700 Burke Ave in the starting from $1,000. The second greatest value Melbourne apartment is the Townhomes Model at Magnolia Gardens starting at $1,299 with a $1.01 price per square foot . Here is today’s list of the best values for Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2700 Burke Ave | 1503 | 2BR,1.5BA | $0.67 |
| Magnolia Gardens | Townhomes | 2BR,2.5BA | $1.01 |
| The Oak Townhomes | 2 Bed 1.5 Bath - Malerie St | 2BR,1.5BA | $0.83 |
| Wolf River Lodge | Three Bedroom Townhome | 3BR,2BA | $0.82 |
| Shadowbrook Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.92 |
| Country Meadows Apartments | 2.1.5 Rehab | 2BR,1.5BA | $0.97 |
| Creekside Village Townhomes | 2 Bedroom Townhome | 2BR,1BA | $0.99 |
| 207 N 6th St | 207 N 6th St | 2BR,1BA | $0.75 |
| Breckenridge Apartments | Breckenridge - 2 Bed 1 Bath | 2BR,1BA | $0.93 |
| Cadron Commons | Studio | Studio ,1BA | $1.02 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Explore Melbourne, AR Rentals by Map
See the most popular apartments and homes in Melbourne, AR
Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 47 Apartments for Rent in Melbourne, AR with pricing that ranges from $425 to $2,200. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $550 to $2,500.
What is the current price range for Rental Homes in Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $550 to $2,500 with an average monthly rent of $1,471.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.