3115 Marshall Dr
MelbourneFL32901
Cheap Homes for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.
3115 Marshall Dr
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
2522 Amberly Rd NE
Palm BayFL32905
126 San Paulo Cir
West MelbourneFL32904
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.
126 San Paulo Cir
MelbourneFL32904
127 San Paulo Cir
MelbourneFL32904
2326 Shenandoah Rd
Palm BayFL32905
205 San Paulo Cir
MelbourneFL32904
3501 D'Avinci Way
MelbourneFL32901
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.
1002 Brothers Ave.
MelbourneFL32901
1002 Brothers Ave
MelbourneFL32901
228 San Paulo Cir
West MelbourneFL32904
101 San Paulo Cir
West MelbourneFL32904
223 San Paulo Cir
MelbourneFL32904
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.
3542 D'Avinci Way
MelbourneFL32901
2308 Shenandoah Rd
Palm BayFL32905
Showing Results 1-17, 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 | $1,805 | $1,250 | $3,500 |
| Downtown Melbourne 3 Bedroom Homes for Rent | $2,253 | $1,600 | $3,750 |
| Downtown Melbourne 4 Bedroom Homes for Rent | $2,739 | $2,300 | $3,997 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Downtown Melbourne Neighborhood of Melbourne, FL.
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Downtown Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
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- Local Counties
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 |
| Manatee Cove | 2x2 | 2BR,2BA | $1,266 |
| Windover Palms | B1 - 2 Bed / 1 Bath | 2BR,1BA | $1,275 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Classic | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of July 09, 2026 the best value apartment in the Downtown Melbourne area is the $0.84 price per square foot 2x2 Student Apartment Model at Melbourne Commons in the in the South Cove neighborhood starting from $960. The second greatest value Downtown Melbourne apartment is the C2 - 3 Bed / 2 Bath Model at Windover Palms starting at $1,750 with a $1.64 price per square foot in the Melbourne 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 | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Windover Palms | C2 - 3 Bed / 2 Bath | 3BR,2BA | $1.64 |
| Eastshore Palm Bay | Jupiter | 1BR,1BA | $1.75 |
| Compass | B1 | 2BR,2BA | $1.57 |
| Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
| The Village at Melbourne | Heron | 2BR,2BA | $1.74 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.83 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.80 |
| Madison Midtown | A2 | 1BR,1BA | $2.23 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Classic | 1BR,1BA | $1.85 |
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.
Read Article
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.
Read ArticleQuick 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 Downtown Melbourne
What type of rentals are currently available in Downtown Melbourne?
There are currently 74 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $750 to $7,986. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $845 to $3,997.
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 $845 to $3,997 with an average monthly rent of $2,125.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.