Cheap Homes for Rent in Downtown Melbourne Neighborhood of Melbourne, FL from $600 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.

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.

Read Article
property at 3532 D'Avinci Way

$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

3532 D'Avinci Way

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.

Read Article
property at 105 Turpial Way

$1,700 - $1,750

3 Bedroom Rentals

Available Now

105 Turpial Way

MelbourneFL32901

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-21, Page 1 of 1

Downtown Melbourne, Melbourne, FL Local Guide

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. Stonewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudio ApartmentStudio,1BA$950
StonewoodOne Bedroom1BR,1BA$1,075
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Topaz VillageSuite1BR,1BA$1,250
Palmview Cove Apartments1 Bed 1 Bath | Classic1BR,1BA$1,275

Best Value Apartments for Rent in Downtown Melbourne, FL

As of January 02, 2026 the best value apartment in the Downtown Melbourne area is the $1.22 price per square foot 3x2 Model at Manatee Cove in the in the Coastal Brevard neighborhood starting from $1,467. The second greatest value Downtown Melbourne apartment is the 2x2 1150 sf Model at Bridgewater Pointe Apartments starting at $1,400 with a $1.22 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Manatee Cove3x23BR,2BA$1.22
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
The Village at MelbourneFlamingo3BR,2BA$1.73
Windover PalmsC2 - 3 Bed / 2 Bath3BR,2BA$1.78
Westshore Palm BayConch1BR,1BA$1.73
Legacy at Hibiscus ParkMallow1BR,1BA$1.53
Eastshore Palm BaySiesta1BR,1BA$1.85
CompassA21BR,1BA$1.94
StonewoodOne Bedroom Renovated1BR,1BA$1.84

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
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

decorative image of woman handing cat to small boy

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 $950 to $14,986. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $675 to $5,000.

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 $675 to $5,000 with an average monthly rent of $1,738.

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

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!