2206 Irwin St
MelbourneFL32901
Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
3115 Marshall Dr
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
1629 Elizabeth St
MelbourneFL32901
2421 Stone St
MelbourneFL32901
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$1,225 - $1,4501 to 2 Bedroom Apartments Available Now
Stonewood
325 E University BlvdMelbourne, FL 32901
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$1,250 - $1,4501 Bedroom Apartment Available Now
2016 Hallwood Pl
2016 Hallwood PlMelbourne, FL 32901
115 Seminole Ave W
MelbourneFL32901
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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$1,280 - $1,5101 to 2 Bedroom Apartments Available Now
Compass
3595 Misty Oak DrMelbourne, FL 32901
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$1,325 - $1,8501 to 3 Bedroom Apartments Available Now
Palmview Cove Apartments
3151 S Babcock StMelbourne, FL 32901
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$1,348 - $4,7271 to 3 Bedroom Apartments Available Now
Legacy at Hibiscus Park
1450 Tradition CirMelbourne, FL 32901
204 Seminole Ave W
MelbourneFL32901
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$1,400 - $1,5502 Bedroom Apartments Available Now
Bridgewater Pointe Apartments
151 Eber RdMelbourne, FL 32901
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$1,480 - $2,0402 to 3 Bedroom Apartments Available Now
The Village at Melbourne
3502 D'Avinci WayMelbourne, FL 32901
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$1,499
Total Monthly Price
1 Bedroom Apartment Available Jun 13Total Monthly Price
Base Rent
$1,499
Total Monthly Price
$1,499
416 E Strawbridge Ave
416 E Strawbridge AveMelbourne, FL 32901
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Studio to 1 Bedroom Apartments
Magnolia Apartments
108 W Fee AveMelbourne, FL 32901
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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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
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1 to 3 Bedroom Apartments
Windover Palms
310 Fitness CirMelbourne, 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 3 Bedroom Apartments
Topaz Village
100-210 E University BlvdMelbourne, FL 32901
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Studio to 2 Bedroom Apartments
Meadowdale Apartments
248 E University BlvdMelbourne, FL 32901
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2 to 3 Bedroom Apartments
Manatee Cove
746 Madelyn WayMelbourne, FL 32901
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.
126 San Paulo Cir
MelbourneFL32904
127 San Paulo Cir
MelbourneFL32904
164 San Paulo Ct
MelbourneFL32904
3501 D'Avinci Way
MelbourneFL32901
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1 to 2 Bedroom Apartments
Crane Creek Senior Apartments
2309 Babcock St NEMelbourne, FL 32901
3119 Wiley Ave
MelbourneFL32901
3551 D'Avinci Way
MelbourneFL32901
1002 Brothers Ave
MelbourneFL32901
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.
3101 Wiley Ave
MelbourneFL32901
223 San Paulo Cir
MelbourneFL32904
2114 Henry St NE
Palm BayFL32905
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$1,440 - $2,4501 to 3 Bedroom Apartments Available Now
Eastshore Palm Bay
2361 Commerce Park Dr NEPalm Bay, FL 32905
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$1,447 - $2,5101 to 3 Bedroom Apartments Available Now
Westshore Palm Bay
2331 Commerce Park Dr NEPalm Bay, FL 32905
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$1,474 - $2,0221 to 3 Bedroom Apartments Available Now
Aqua Palm Bay
2155 Robert J Conlan Blvd NEPalm Bay, FL 32905
126 San Paulo Cir
West MelbourneFL32904
2326 Shenandoah Rd
Palm BayFL32905
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.
2522 Amberly Rd NE
Palm BayFL32905
228 San Paulo Cir
West MelbourneFL32904
101 San Paulo Cir
West MelbourneFL32904
Showing Results 1-43, 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 | $1,586 | $1,100 | $1,932 |
| Downtown Melbourne 2 Bedroom Apartments | $1,693 | $1,295 | $2,024 |
| Downtown Melbourne 3 Bedroom Apartments | $2,028 | $1,775 | $2,255 |
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 43 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 Windover Palms priced from $1,075. Meadowdale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,224. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,075 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood | Abbott | 1BR,1BA | $1,225 |
| Manatee Cove | 2x2 | 2BR,2BA | $1,266 |
| Topaz Village | Suite | 1BR,1BA | $1,275 |
| Legacy at Hibiscus Park | Sorrell | 2BR,2BA | $1,348 |
| Compass | A2 | 1BR,1BA | $1,360 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1,400 |
| Eastshore Palm Bay | Captiva | 1BR,1BA | $1,440 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of June 12, 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 Coastal Brevard 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 |
| Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
| Palmview Cove Apartments | 2 Bed 2 Bath | Renovated | 2BR,2BA | $1.73 |
| Legacy at Hibiscus Park | Camerone | 1BR,1BA | $1.90 |
| The Village at Melbourne | Dove | 2BR,2BA | $1.86 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1.94 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.86 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.83 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1.75 |
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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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 Windover Palms which is listed at $1,075, while the average apartment in Downtown Melbourne costs $8,159.
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 6 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 $335 which is $7,824 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.