814 Hall St
MelbourneFL32901
Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
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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.
108 E Fee Ave
MelbourneFL32901
837 Hickory St
MelbourneFL32901
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Rent Specials
$1,199 - $1,6991 to 3 Bedroom Apartments Available Now
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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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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2115 Henry St NE
Palm BayFL32905
Showing Results 1-11, Page 1 of 1
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 | $950 | $950 | $950 |
| Downtown Melbourne 1 Bedroom Apartments | $1,682 | $1,150 | $2,100 |
| Downtown Melbourne 2 Bedroom Apartments | $1,823 | $1,300 | $2,425 |
| Downtown Melbourne 3 Bedroom Apartments | $2,166 | $940 | $2,750 |
| Downtown Melbourne 4 Bedroom Apartments | $940 | $940 | $940 |
Browse Apartments in this Neighborhood
There are currently 11 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 Studio unit found at Riverview Apartments priced from $950. 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 |
|---|---|---|---|
| Riverview Apartments | Studio Apartment | Studio,1BA | $950 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $1,225 |
| Compass | A1 | 1BR,1BA | $1,285 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of October 10, 2025 the best value apartment in the Downtown Melbourne area is the $0.66 price per square foot 3x3 Student Apartment Model at Melbourne Commons in the in the South Cove neighborhood starting from $940. The second greatest value Downtown Melbourne apartment is the Flamingo Model at The Village at Melbourne starting at $1,880 with a $1.73 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. |
|---|---|---|---|
| Melbourne Commons | 3x3 Student Apartment | 3BR,3BA | $0.66 |
| The Village at Melbourne | Flamingo | 3BR,2BA | $1.73 |
| Eastshore Palm Bay | Jupiter | 1BR,1BA | $1.97 |
| Legacy at Hibiscus Park | Camerone | 1BR,1BA | $1.68 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.81 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.86 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Renovated | 1BR,1BA | $2.07 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1.95 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $2.00 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.13 |
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Pet Friendly Lifestyle
Ranked #
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
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 Windover Palms which is listed at $1,200, while the average apartment in Downtown Melbourne costs $7,489.
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 $940 which is $6,549 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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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.