3589 Egret Dr
MelbourneFL32901
Cheap Homes for Rent in Downtown Melbourne Neighborhood of Melbourne, FL from $800 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.
1708 Oak St
MelbourneFL32901
147 San Paulo Cir
MelbourneFL32904
211 San Paulo Cir
West MelbourneFL32904
2556 Haverhill Rd NE
Palm BayFL32905
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.
519 Williams St
MelbourneFL32901
2597 Stephens Dr NE
Palm BayFL32905
close
View Me
1002 Brothers Ave
MelbourneFL32901
417 Audubon Dr
MelbourneFL32901
308 Jonquil Ln
MelbourneFL32901
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.
close
View Me
325 Patrick Cir
MelbourneFL32901
268 San Paulo Ct
MelbourneFL32904
223 San Paulo Cir
MelbourneFL32904
346 Vesta Cir
MelbourneFL32901
1907 Fletcher St
MelbourneFL32901
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.
123 San Paulo Cir
MelbourneFL32904
Showing Results 1-18, Page 1 of 1
Downtown Melbourne, Melbourne, FL Local Guide
How much does it cost to rent a home in Downtown Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Melbourne 2 Bedroom Homes for Rent | $1,866 | $1,325 | $3,500 |
| Downtown Melbourne 3 Bedroom Homes for Rent | $2,456 | $1,475 | $3,950 |
| Downtown Melbourne 4 Bedroom Homes for Rent | $3,015 | $1,700 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Melbourne Neighborhood of Melbourne, FL.
Explore Melbourne
Downtown Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 $1,200. 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 | $1,200 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $1,225 |
| Topaz Village | Alcove | 1BR,1BA | $1,225 |
| Legacy at Hibiscus Park | Mallow | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of July 31, 2025 the best value apartment in the Downtown Melbourne area is the $0.49 price per square foot 4x4 Student Apartment Model at Melbourne Commons in the in the South Cove neighborhood starting from $865. The second greatest value Downtown Melbourne apartment is the 3x2 Model at Manatee Cove starting at $1,388 with a $1.16 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 | 4x4 Student Apartment | 4BR,4BA | $0.49 |
| Manatee Cove | 3x2 | 3BR,2BA | $1.16 |
| Windover Palms | C1 - 3 Bed / 2 Bath | 3BR,2BA | $1.83 |
| Legacy at Hibiscus Park | Mallow | 1BR,1BA | $1.47 |
| The Village at Melbourne | Dove | 2BR,2BA | $1.73 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1.94 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.92 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.98 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Renovated | 1BR,1BA | $2.07 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $2.00 |
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.
Let everyone know!
Do you know the Downtown Melbourne area?
If you’re an expert on all things Downtown Melbourne, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Melbourne
What type of rentals are currently available in Downtown Melbourne?
There are currently 71 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $940 to $6,220. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $850 to $4,000.
What is the current price range for Rental Homes in Downtown Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Melbourne ranges from $850 to $4,000 with an average monthly rent of $2,153.
How much are larger Three and Four Bedroom Rentals in Downtown Melbourne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Melbourne range from $940 to $5,030, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $3,950. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $940.
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.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.