Cheap Homes for Rent in Downtown Melbourne Neighborhood of Melbourne, FL from $800 (16 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.

property at 3532 D'Avinci Way

3532 D'Avinci Way

MelbourneFL32901
Showing Results 1-16, 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 1 Bed unit found at Stonewood priced from $810. Riverview Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
StonewoodOne Bedroom1BR,1BA$810
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,099
Topaz VillageBungalow1BR,1BA$1,225
Manatee Cove2x22BR,2BA$1,268

Best Value Apartments for Rent in Downtown Melbourne, FL

As of November 10, 2025 the best value apartment in the Downtown Melbourne area is the $1.30 price per square foot 2x2 1150 sf Model at Bridgewater Pointe Apartments in the in the Coastal Brevard neighborhood starting from $1,500. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.30
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Windover PalmsC2 - 3 Bed / 2 Bath3BR,2BA$1.78
Aqua Palm BayBoca2BR,2BA$1.42
Manatee Cove2x22BR,2BA$1.34
Legacy at Hibiscus ParkMallow1BR,1BA$1.63
The Village at MelbourneDove2BR,2BA$1.66
Eastshore Palm BaySiesta1BR,1BA$1.85
Westshore Palm BayLucine1BR,1BA$1.86
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1.91

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 72 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $810 to $11,230. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $800 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 $800 to $5,000 with an average monthly rent of $2,290.

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.

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.