Cheap Apartments for Rent in Melbourne, FL from $300 (233 Rentals)

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

property at 2206 Irwin St

$750 - $1,600

Studio To 3 Bedroom Rentals

Available Now

2206 Irwin St

MelbourneFL32901
property at 1055 Venetian Dr

$840

Total Monthly Price

Total Monthly Price

Base Rent
$840
Total Monthly Price
$840

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1055 Venetian Dr

MelbourneFL32904
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 Now

1664 Sumter Ln

MelbourneFL32904

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Harbours
Rent Specials
$1,116 - $1,831
Total Monthly Price

Total Monthly Price

Base Rent
$1,116 - $1,831
Total Monthly Price
$1,116 - $1,831
1 to 3 Bedroom Apartments Available Now

The Harbours

1032 Hidden Harbour DrMelbourne, FL 32935
Corporate Housing
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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
$1,166 - $1,739
Total Monthly Price

Total Monthly Price

Base Rent
$1,166 - $1,739
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Park Village

3099 Park Village WayMelbourne, FL 32935
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Lake Pointe
Rent Specials
$1,193 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,193 - $1,899
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lake Pointe

2880 N Wickham RdMelbourne, FL 32935
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Topaz Cay
$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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Reserves of Melbourne
Rent Specials
$1,298 - $2,019
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $2,019
Total Monthly Price
$1,298 - $2,019
1 to 3 Bedroom Apartments Available Now

Reserves of Melbourne

2262 Crippen CtMelbourne, FL 32904
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Caribbean Isle
Rent Specials
$1,306 - $2,230
Total Monthly Price

Total Monthly Price

Base Rent
$1,306 - $2,230
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Caribbean Isle

2848 Caribbean Isle BlvdMelbourne, FL 32935
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property at 6440 Borasco Dr

$1,350 - $1,750

1 To 2 Bedroom Rentals

Available Now

6440 Borasco Dr

MelbourneFL32940
property at 179 Ulster Ln

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

2 Bedroom, 2 Bath Condo for Rent

Available Now

179 Ulster Ln, Unit 179

179 Ulster Ln
MelbourneFL32935

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 1002 Brothers Ave.

$1,400 - $1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $1,500
Total Monthly Price
$1,400 - $1,500

1 To 2 Bedroom Townhomes for Rent

Available Now

1002 Brothers Ave.

MelbourneFL32901
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Marisol at Viera
Rent Specials
$1,472 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,472 - $2,500
Total Monthly Price
$1,472 - $2,500
1 to 3 Bedroom Apartments Available Now

Marisol at Viera

2439 Casona LnMelbourne, FL 32940
Pet Friendly
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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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Melbourne, FL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 07/27/2026

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$1,945$750104
Suburban Melbourne$9,486$995654

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a Studio unit found at Vetra Indian Harbour Beach in the Coastal Brevard neighborhood priced from $1,002. Parkway Place in the Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,042. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vetra Indian Harbour BeachE1Studio,1BA$1,002
Parkway Place1 Bed, 1 Bath1BR,1BA$1,042
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,096
Meadowdale ApartmentsStudioStudio,1BA$1,099
The HarboursNobska1BR,1BA$1,116
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,125
The Teale New HavenAStudio,1BA$1,125
Park VillageLaketree1BR,1BA$1,166
Lake PointeBreeze1BR,1BA$1,193

Best Value Apartments for Rent in Melbourne, FL

As of July 28, 2026 the best value apartment in the Melbourne area is the $1.26 price per square foot B1 Model at Marin at Harvard in the in the Melbourne neighborhood starting from $1,572. The second greatest value Melbourne apartment is the 1 Deluxe Model at Mode at Melbourne starting at $1,578 with a $1.29 price per square foot in the Melbourne 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.
Marin at HarvardB12BR,2BA$1.26
Mode at Melbourne1 Deluxe1BR,1BA$1.29
10X Harbour BayB12BR,2BA$1.27
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.26
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
The Savannahs at James LandingB2 The Santa Maria - 2 Bedroom, 2 Bathroom2BR,2BA$1.40
Azara Palm BayB12BR,2BA$1.25
The Park at ParmaTuscany2BR,2BA$1.40
Manatee Cove2x22BR,2BA$1.34
Parkway Place1 Bed, 1 Bath1BR,1BA$1.36

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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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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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

School data provided by Great Schools

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 $1,193.

What is the price of a cheap apartment in Melbourne?

The cheapest apartment in Melbourne is Parkway Place which is listed at $1,042, while the average apartment in Melbourne costs $5,715.

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 108 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 $410 which is $5,305 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.