2801 Dorsey Pl
MelbourneFL32901
Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
1628 Mitchell St
MelbourneFL32901
1903 Fletcher St
MelbourneFL32901
2421 Stone St
MelbourneFL32901
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Rent Specials
$1,225 - $1,5001 to 2 Bedroom Apartments Available Now
Stonewood
325 E University BlvdMelbourne, FL 32901
115 Seminole Ave W
MelbourneFL32901
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Rent Specials
$1,295 - $1,5531 to 2 Bedroom Apartments Available Now
Compass
3595 Misty Oak DrMelbourne, FL 32901
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Rent Specials
$1,325 - $1,8751 to 3 Bedroom Apartments Available Now
Palmview Cove Apartments
3151 S Babcock StMelbourne, FL 32901
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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$1,385 - $1,9552 to 3 Bedroom Apartments Available Now
The Village at Melbourne
3502 D'Avinci WayMelbourne, FL 32901
1002 Brothers Ave.
MelbourneFL32901
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Rent Specials
$1,400 - $1,7002 Bedroom Apartments Available Sep 11
Bridgewater Pointe Apartments
151 Eber RdMelbourne, FL 32901
200 Southgate Blvd
MelbourneFL32901
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Studio to 1 Bedroom Apartments
Magnolia Apartments
108 W Fee AveMelbourne, FL 32901
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1 to 3 Bedroom Apartments
Harbor Village Apartments
200 E University BlvdMelbourne, FL 32901
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Studio to 3 Bedroom Apartments
Riverview Apartments
2716 Riverview DrMelbourne, FL 32901
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1 to 2 Bedroom Apartments
Hickory Pointe
2700 Carlson CirMelbourne, FL 32901
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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Studio to 2 Bedroom Apartments
Meadowdale Apartments
248 E University BlvdMelbourne, FL 32901
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1 to 2 Bedroom Apartments
Pentagon Gardens
46 W New Haven AveMelbourne, FL 32901
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1 to 2 Bedroom Apartments
Crane Creek Senior Apartments
2309 Babcock St NEMelbourne, FL 32901
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1 to 3 Bedroom Apartments
Windover Palms
310 Fitness CirMelbourne, FL 32901
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1 to 3 Bedroom Apartments
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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2 to 3 Bedroom Apartments
Manatee Cove
746 Madelyn WayMelbourne, FL 32901
126 San Paulo Cir
MelbourneFL32904
205 San Paulo Cir
MelbourneFL32904
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.
3542 D'Avinci Way
MelbourneFL32901
223 San Paulo Cir
MelbourneFL32904
2114 Henry St NE
Palm BayFL32905
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$1,200
Total Monthly Price
Base Rent$1,200
Total Monthly Price$1,200
2505 Spence Dr NE, Unit B
2505 Spence Dr NEPalm Bay, FL 32905
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$1,337 - $2,3891 to 3 Bedroom Apartments Available Now
Westshore Palm Bay
2331 Commerce Park Dr NEPalm Bay, FL 32905
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$1,449 - $1,8531 to 3 Bedroom Apartments Available Now
Aqua Palm Bay
2155 Robert J Conlan Blvd NEPalm Bay, FL 32905
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Rent Specials
$1,450 - $2,4501 to 3 Bedroom Apartments Available Now
Eastshore Palm Bay
2361 Commerce Park Dr NEPalm Bay, FL 32905
2154 Henry St NE
Palm BayFL32905
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.
2508 Chatham Way NE
Palm BayFL32905
228 San Paulo Cir
West MelbourneFL32904
101 San Paulo Cir
West MelbourneFL32904
Showing Results 1-35, 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 | $900 | $900 | $900 |
| Downtown Melbourne 1 Bedroom Apartments | $1,532 | $950 | $1,984 |
| Downtown Melbourne 2 Bedroom Apartments | $1,718 | $1,295 | $2,252 |
| Downtown Melbourne 3 Bedroom Apartments | $1,946 | $1,775 | $2,534 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 35 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
- Nearby Cities
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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 Meadowdale Apartments priced from $1,099. Topaz Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowdale Apartments | Studio | Studio,1BA | $1,099 |
| Topaz Village | Flat | 1BR,1BA | $1,199 |
| Windover Palms | B1 - 2 Bed / 1 Bath | 2BR,1BA | $1,275 |
| Stonewood | Burch Reno | 2BR,1BA | $1,350 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1,367 |
| The Village at Melbourne | Dove | 2BR,2BA | $1,385 |
| Compass | A2 | 1BR,1BA | $1,395 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1,449 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of September 10, 2026 the best value apartment in the Downtown Melbourne area is the $1.22 price per square foot 2x2 1150 sf Model at Bridgewater Pointe Apartments in the in the Melbourne neighborhood starting from $1,400. The second greatest value Downtown Melbourne apartment is the 2x2 Student Apartment Model at Melbourne Commons starting at $960 with a $0.84 price per square foot in the South Cove 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. |
|---|---|---|---|
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.22 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| The Village at Melbourne | Flamingo | 3BR,2BA | $1.64 |
| Windover Palms | C2 - 3 Bed / 2 Bath | 3BR,2BA | $1.64 |
| 616 E New Haven Ave, Unit 3 | 616 E New Haven Ave | 2BR,1BA | $1.59 |
| Stonewood | Gadson Reno | 2BR,1.5BA | $1.55 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1.81 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.83 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.69 |
| 2505 Spence Dr NE, Unit B | 2505 Spence Dr NE | 1BR,1BA | $1.71 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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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.
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Pet Friendly LifestyleDowntown Melbourne, Melbourne, FL
Ranked #2
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Melbourne, Melbourne, FL
School data provided by Great Schools
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 $1,686.
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 13 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 $376 which is $1,310 cheaper than the average rent for all rentals in Downtown 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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.