814 Hall St
MelbourneFL32901
Cheap Homes for Rent in Downtown Melbourne Neighborhood of Melbourne, FL from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.
814 Hall St
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
3008 Hanson Ave
MelbourneFL32901
126 San Paulo Cir
West MelbourneFL32904
126 San Paulo Cir
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.
164 San Paulo Ct
MelbourneFL32904
127 San Paulo Cir
MelbourneFL32904
2522 Amberly Rd NE
Palm BayFL32905
2326 Shenandoah Rd
Palm BayFL32905
3501 D'Avinci Way
MelbourneFL32901
3119 Wiley Ave
MelbourneFL32901
3551 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.
Showing Results 1-14, 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 | $1,544 | $1,300 | $1,900 |
| Downtown Melbourne 3 Bedroom Homes for Rent | $2,139 | $1,399 | $3,750 |
| Downtown Melbourne 4 Bedroom Homes for Rent | $2,529 | $1,850 | $3,997 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 1 Bed unit found at Windover Palms priced from $1,150. 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 |
|---|---|---|---|
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,150 |
| Topaz Village | Flat | 1BR,1BA | $1,199 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood | Abbott | 1BR,1BA | $1,225 |
| Manatee Cove | 2x2 | 2BR,2BA | $1,266 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of May 24, 2026 the best value apartment in the Downtown Melbourne area is the $1.45 price per square foot Tantalus Model at Legacy at Hibiscus Park in the in the Coastal Brevard neighborhood starting from $2,039. The second greatest value Downtown Melbourne apartment is the 2x2 1150 sf Model at Bridgewater Pointe Apartments starting at $1,450 with a $1.26 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. |
|---|---|---|---|
| Legacy at Hibiscus Park | Tantalus | 3BR,2BA | $1.45 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.26 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| 616 E New Haven Ave, Unit 3 | 616 E New Haven Ave | 2BR,1BA | $1.74 |
| Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
| The Village at Melbourne | Dove | 2BR,2BA | $1.74 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.83 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.87 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1.87 |
| Crane Creek Senior Apartments | One Bedroom | 1BR,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
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 71 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $900 to $2,255. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $800 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 $800 to $3,997 with an average monthly rent of $1,856.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.