814 Hall St
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.
3115 Marshall Dr
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
153 San Paulo Cir
West MelbourneFL32904
2535 Haverhill Rd NE
Palm BayFL32905
119 San Paulo Cir
MelbourneFL32904
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.
2338 Shenandoah Rd
Palm BayFL32905
519 Williams St
MelbourneFL32901
119 San Paulo Ct
West MelbourneFL32904
2534 Amberly Rd NE
Palm BayFL32905
1002 Brothers Ave.
MelbourneFL32901
3501 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.
1002 Brothers Ave
MelbourneFL32901
2513 Lipscomb St
MelbourneFL32901
130 San Paulo Ct
West MelbourneFL32904
405 W Rutgers St
MelbourneFL32901
3532 D'Avinci Way
MelbourneFL32901
3955 Almeida Ct
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.
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 | $1,464 | $1,350 | $1,650 |
| Downtown Melbourne 3 Bedroom Homes for Rent | $2,113 | $1,550 | $3,750 |
| Downtown Melbourne 4 Bedroom Homes for Rent | $2,583 | $1,770 | $4,000 |
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 18 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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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. Topaz Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Apartments | Studio Apartment | Studio,1BA | $950 |
| Topaz Village | Flat | 1BR,1BA | $1,175 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Manatee Cove | 2x2 | 2BR,2BA | $1,268 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Classic | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of February 21, 2026 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.30 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Windover Palms | C1 - 3 Bed / 2 Bath | 3BR,2BA | $1.78 |
| Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
| Legacy at Hibiscus Park | Mallow | 1BR,1BA | $1.53 |
| The Village at Melbourne | Ibis | 2BR,2BA | $1.71 |
| Stonewood | Gadson Reno | 2BR,1BA | $1.53 |
| Eastshore Palm Bay | Siesta | 1BR,1BA | $1.93 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.81 |
| 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
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 ArticleCash 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 ArticleQuick Rent Budget Calculator
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Best Local Schools in Downtown Melbourne, Melbourne, FL
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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 $950 to $2,634. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $1,350 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 $1,350 to $4,000 with an average monthly rent of $2,229.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.