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from $900Studio to 2 Bedroom Apartments Available Jul 1
Riverview Apartments
2716 Riverview DrMelbourne, FL 32901
Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
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Rent Specials
from $1,1991 to 3 Bedroom Apartments Available Now
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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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.
140 Bauer Dr
MelbourneFL32901
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3008 Hanson Ave
MelbourneFL32901
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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.
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Downtown Melbourne, Melbourne, FL Local Guide
How much does it cost to rent an apartment in Downtown Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Melbourne Studio Apartments | $900 | $900 | $900 |
| Downtown Melbourne 1 Bedroom Apartments | $1,683 | $1,100 | $2,449 |
| Downtown Melbourne 2 Bedroom Apartments | $1,928 | $1,268 | $2,971 |
| Downtown Melbourne 3 Bedroom Apartments | $2,056 | $940 | $4,278 |
| Downtown Melbourne 4 Bedroom Apartments | $940 | $940 | $940 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Melbourne Neighborhood of Melbourne, FL.
See all Apartments in MelbourneExplore Melbourne
Downtown Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
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Cheapest Available Downtown Melbourne Apartments for Rent
The cheapest available apartment rental in the Downtown Melbourne area of Melbourne, FL is a 1 Bed unit found at Topaz Village priced from $1,199. Windover Palms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Topaz Village | Flat | 1BR,1BA | $1,199 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of June 20, 2025 the best value apartment in the Downtown Melbourne area is the $1.16 price per square foot 3x2 Model at Manatee Cove in the in the Coastal Brevard neighborhood starting from $1,388. The second greatest value Downtown Melbourne apartment is the Roselle Model at Legacy at Hibiscus Park starting at $1,805 with a $1.56 price per square foot in the Coastal Brevard neighborhood. Here is today’s list of the best values for Downtown Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Manatee Cove | 3x2 | 3BR,2BA | $1.16 |
| Legacy at Hibiscus Park | Roselle | 2BR,2BA | $1.56 |
| The Village at Melbourne | Flamingo | 3BR,2BA | $1.73 |
| Windover Palms | C1 - 3 Bed / 2 Bath | 3BR,2BA | $1.92 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $2.05 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.78 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.86 |
| Compass | A2 | 1BR,1BA | $2.06 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $2.00 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.13 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Best Local Schools in Downtown Melbourne, Melbourne, FL
School data provided by Great Schools
Getting Around the Downtown Melbourne Neighborhood in Melbourne, FL
Walk Score®
68 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Melbourne Apartments
What is the price of a cheap apartment in Downtown Melbourne?
The cheapest apartment in Downtown Melbourne is Topaz Village which is listed at $1,199, while the average apartment in Downtown Melbourne costs $3,500.
What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown 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 Downtown Melbourne?
Cheap apartments in Downtown Melbourne have an average cost of $577 which is $2,923 cheaper than the average rent for all rentals in Downtown Melbourne.
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.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.