Cheap Homes for Rent in Melbourne Beach, FL from $1,200 (20 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash 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.

Melbourne Beach, FL Local Guide

Cheapest Available Melbourne Beach Apartments for Rent

 

The cheapest available apartment rental in Melbourne Beach, FL is a Studio unit found at Riverview Apartments in the Coastal Brevard neighborhood priced from $950. Aqua Palm Bay in the South Cove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,491. Here is today’s list of the most affordable Melbourne Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Aqua Palm BayAmelia1BR,1BA$1,491
The Wave Beachfront ApartmentsBeachside2BR,2BA$2,650

Best Value Apartments for Rent in Melbourne Beach, FL

As of August 28, 2025 the best value apartment in the Melbourne Beach area is the $2.52 price per square foot Beachside Model at The Wave Beachfront Apartments in the in the Coastal Brevard neighborhood starting from $2,650. The second greatest value Melbourne Beach apartment is the 1875 Wabun Street Northeast Model at 1875 Wabun Street Northeast, Unit Apt A starting at $1,200 with a $1.41 price per square foot in the South Cove neighborhood. Here is today’s list of the best values for Melbourne Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Wave Beachfront ApartmentsBeachside2BR,2BA$2.52
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41
Aqua Palm BayAmelia1BR,1BA$1.89

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Melbourne Beach

What type of rentals are currently available in Melbourne Beach?

There are currently 57 Apartments for Rent in Melbourne Beach, FL with pricing that ranges from $950 to $21,000. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne Beach ranging from $1,200 to $25,000.

What is the current price range for Rental Homes in Melbourne Beach?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne Beach ranges from $1,200 to $25,000 with an average monthly rent of $6,885.

How much are larger Three and Four Bedroom Rentals in Melbourne Beach?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melbourne Beach range from $7,100 to $7,120, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $25,000. Four Bedroom Single-Family rentals are also available starting from $3,449 and Four Bedroom Apartments start at $10,000.

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.