Cheap Apartments for Rent in Melbourne, FL from $300 (215 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1055 Venetian Dr

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1055 Venetian Dr

MelbourneFL32904

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.

Read Article

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.

Read Article
close
View Me
Park Village
$1,268 - $1,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,268 - $1,809
Total Monthly Price
$1,268 - $1,809
1 to 2 Bedroom Apartments Available May 1

Park Village

3099 Park Village WayMelbourne, FL 32935
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Lake Pointe
Rent Specials
$1,270 - $2,155
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $2,155
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lake Pointe

2880 N Wickham RdMelbourne, FL 32935
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1440 Parkway Dr

$1,250 - $1,495

1 To 2 Bedroom Rentals

Available Now

1440 Parkway Dr

MelbourneFL32935
close
View Me
The Harbours
Rent Specials
$1,306 - $3,301
Total Monthly Price

Total Monthly Price

Base Rent
$1,306 - $3,301
Total Monthly Price
$1,306 - $3,301
1 to 3 Bedroom Apartments Available Now

The Harbours

1032 Hidden Harbour DrMelbourne, FL 32935
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article
close
View Me
Reserves of Melbourne
Rent Specials
$1,346 - $2,157
Total Monthly Price

Total Monthly Price

Base Rent
$1,346 - $2,157
Total Monthly Price
$1,346 - $2,157
1 to 3 Bedroom Apartments Available Now

Reserves of Melbourne

2262 Crippen CtMelbourne, FL 32904
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1002 Brothers Ave.

$1,400 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $1,600
Total Monthly Price
$1,400 - $1,600

1 To 2 Bedroom Townhomes for Rent

Available Now

1002 Brothers Ave.

MelbourneFL32901
close
View Me
Topaz Cay
$1,409 - $1,859
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,859
Total Monthly Price
$1,409 - $1,859
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-50, Page 1 of 5

Melbourne, FL Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 04/28/2026

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$8,468$950142
Suburban Melbourne$12,396$900875

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a Studio unit found at Riverview Apartments in the Coastal Brevard neighborhood priced from $950. 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 $1,084. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,084
Vetra Indian Harbour BeachE1Studio,1BA$1,199
The Teale New HavenAStudio,1BA$1,199
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,209
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,225
Magnolia at Palm BayAtlas1BR,1BA$1,234
Caribbean Isle1D1BR,1BA$1,235
Savannahs at James LandingA1 The Nina - 1 Bedroom, 1 Bathroom1BR,1BA$1,239

Best Value Apartments for Rent in Melbourne, FL

As of April 28, 2026 the best value apartment in the Melbourne area is the $1.16 price per square foot 3 Deluxe Model at Mode at Melbourne in the in the Coastal Brevard neighborhood starting from $2,149. The second greatest value Melbourne apartment is the Tantalus Model at Legacy at Hibiscus Park starting at $1,874 with a $1.33 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 Melbourne3 Deluxe3BR,2BA$1.16
Legacy at Hibiscus ParkTantalus3BR,2BA$1.33
Marin at HarvardB12BR,2BA$1.27
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
Manatee Cove3x23BR,2BA$1.22
The BrittanyCabana2BR,2BA$1.14
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Wickham ClubTwo Bedroom Two Bath2BR,2BA$1.24
Azara Palm BayB12BR,2BA$1.22
Parkway Place2 Bed, 2 Bath2BR,2BA$1.31

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
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Melbourne, FL

View Map
Melbourne, FL Apartments Map
View Map
Melbourne, FL Rental Homes Map

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 $1,239.

What is the price of a cheap apartment in Melbourne?

The cheapest apartment in Melbourne is Venue at Viera Senior Living which is listed at $1,084, while the average apartment in Melbourne costs $10,432.

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 116 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 $335 which is $10,097 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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.