200 Southgate Blvd
MelbourneFL32901
Cheap Homes for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.
814 Hall St
MelbourneFL32901
814 Hall St
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
2801 Dorsey Pl
MelbourneFL32901
1002 Brothers Ave
MelbourneFL32901
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
2522 Amberly Rd NE
Palm BayFL32905
126 San Paulo Cir
West MelbourneFL32904
126 San Paulo Cir
MelbourneFL32904
205 San Paulo Cir
MelbourneFL32904
3551 D'Avinci Way
MelbourneFL32901
1002 Brothers Ave.
MelbourneFL32901
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-12, 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 | $1,758 | $1,000 | $3,500 |
| Downtown Melbourne 3 Bedroom Homes for Rent | $2,179 | $1,699 | $3,500 |
| Downtown Melbourne 4 Bedroom Homes for Rent | $2,624 | $2,149 | $3,997 |
| Downtown Melbourne 5 Bedroom Homes for Rent | $700 | $700 | $700 |
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 12 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 Meadowdale Apartments priced from $1,099. 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 |
|---|---|---|---|
| Meadowdale Apartments | Studio | Studio,1BA | $1,099 |
| Topaz Village | Suite | 1BR,1BA | $1,175 |
| Windover Palms | B1 - 2 Bed / 1 Bath | 2BR,1BA | $1,275 |
| Palmview Cove Apartments | 1BR - 1BTH | 1BR,1BA | $1,275 |
| Compass | A1 | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of August 24, 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 $1,464. The second greatest value Downtown Melbourne apartment is the 2x2 1150 sf Model at Bridgewater Pointe Apartments starting at $1,500 with a $1.30 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. |
|---|---|---|---|
| Manatee Cove | 3x2 | 3BR,2BA | $1.22 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.30 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| The Village at Melbourne | Flamingo | 3BR,2BA | $1.64 |
| Windover Palms | C2 - 3 Bed / 2 Bath | 3BR,2BA | $1.64 |
| Legacy at Hibiscus Park | Mallow | 1BR,1BA | $1.47 |
| Stonewood | Gadson | 2BR,1.5BA | $1.49 |
| Crane Creek Senior Apartments | Two Bedroom | 2BR,2BA | $1.59 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.77 |
| Aqua Palm Bay | Amelia | 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.
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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.
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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 70 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $900 to $2,760. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $700 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 $700 to $3,997 with an average monthly rent of $1,894.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.