Cheap Apartments for Rent in Melbourne, FL from $300 (225 Rentals)

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

property at 2206 Irwin St

$750 - $1,700

Studio To 3 Bedroom Rentals

Available Now

2206 Irwin St

MelbourneFL32901
property at 1664 Sumter Ln

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

4 Bedroom, 2 Bath Home for Rent

Available Jun 15

1664 Sumter Ln

MelbourneFL32904
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The Harbours
Rent Specials
$1,078 - $1,962
Total Monthly Price

Total Monthly Price

Base Rent
$1,078 - $1,962
Total Monthly Price
$1,078 - $1,962
1 to 3 Bedroom Apartments Available Now

The Harbours

1032 Hidden Harbour DrMelbourne, FL 32935
Corporate Housing
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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.

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property at 2421 Stone St

$1,125 - $1,175

1 To 2 Bedroom Rentals

Available Now

2421 Stone St

MelbourneFL32901
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Park Village
$1,191 - $1,739
Total Monthly Price

Total Monthly Price

Base Rent
$1,191 - $1,739
Total Monthly Price
$1,191 - $1,739
1 to 2 Bedroom Apartments Available Now

Park Village

3099 Park Village WayMelbourne, FL 32935
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Topaz Cay
Rent Specials
$1,199 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,699
Total Monthly Price
$1,199 - $1,699
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
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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.

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Lake Pointe
Rent Specials
$1,271 - $1,831
Total Monthly Price

Total Monthly Price

Base Rent
$1,271 - $1,831
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lake Pointe

2880 N Wickham RdMelbourne, FL 32935
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Reserves of Melbourne
Rent Specials
$1,309 - $2,146
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $2,146
Total Monthly Price
$1,309 - $2,146
1 to 3 Bedroom Apartments Available Now

Reserves of Melbourne

2262 Crippen CtMelbourne, FL 32904
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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.

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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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Marisol at Viera
Rent Specials
$1,420 - $2,462
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,462
Total Monthly Price
$1,420 - $2,462
1 to 3 Bedroom Apartments Available Now

Marisol at Viera

2439 Casona LnMelbourne, FL 32940
Pet Friendly
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Artisan at Viera
$1,447 - $2,627
Total Monthly Price

Total Monthly Price

Base Rent
$1,447 - $2,627
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Artisan at Viera

2560 Judge Fran Jamieson WayMelbourne, FL 32940
Pet Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Melbourne, FL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 06/12/2026

Current apartment rentals in the Melbourne, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Melbourne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Melbourne$8,140$750129
Suburban Melbourne$8,663$900773

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a 1 Bed unit found at Windover Palms in the Coastal Brevard neighborhood priced from $1,075. Venue at Viera Senior Living in the Suburban Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,096. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,075
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,096
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,153
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,175
Vetra Indian Harbour BeachE1Studio,1BA$1,178
Park VillageLaketree1BR,1BA$1,191
The Teale New HavenAStudio,1BA$1,199
Topaz CayMessina1BR,1BA$1,199
Topaz VillageFlat1BR,1BA$1,199
Caribbean Isle1C1BR,1BA$1,204

Best Value Apartments for Rent in Melbourne, FL

As of June 12, 2026 the best value apartment in the Melbourne area is the $1.07 price per square foot 2 Deluxe Model at Mode at Melbourne in the in the Coastal Brevard neighborhood starting from $1,827. The second greatest value Melbourne apartment is the B1 Model at Marin at Harvard starting at $1,570 with a $1.26 price per square foot in the Coastal Brevard neighborhood. 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.
Mode at Melbourne2 Deluxe2BR,2BA$1.07
Marin at HarvardB12BR,2BA$1.26
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Azara Palm BayB12BR,2BA$1.22
The Park at ParmaTuscany2BR,2BA$1.40
The HarboursFenwick2BR,2BA$1.43
Parkway Place2 Bed, 2 Bath2BR,2BA$1.30
Manatee Cove2x22BR,2BA$1.34

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Melbourne Overview

Located in proximity to the Atlantic Ocean, you will find the sunny city of Melbourne, FL. When you live in one of our Melbourne apartments in this coastal town, having fun golfing, surfing and walking along various lovely beaches are just a small sampling of what you will experience!

Why live in Melbourne, FL?

Tourists love visiting Melbourne because of the warm weather activities including fishing, snorkeling, golfing, hiking and walk along the beach. There are also other attractions such as the Kennedy Space Center as well as the Historic District in the downtown area. Living in one of our apartments in Melbourne will help you be close to all the action, while being able to get away from it all in the comfort of your own perfect spot.

Best Local Schools in
Melbourne, FL

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

Explore Melbourne, FL Rentals by Map

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See the most popular apartments and homes in Melbourne, FL

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Frequently Asked Questions about Cheap Melbourne Apartments

What is a cheap apartment in Melbourne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melbourne is under $1,204.

What is the price of a cheap apartment in Melbourne?

The cheapest apartment in Melbourne is Windover Palms which is listed at $1,075, while the average apartment in Melbourne costs $8,401.

What types of apartments are the cheapest in Melbourne?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 122 regular apartments in Melbourne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Melbourne?

Cheap apartments in Melbourne have an average cost of $363 which is $8,038 cheaper than the average rent for all rentals in Melbourne.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.