Cheap Homes for Rent in Melbourne, FL from $500 (87 Rentals)

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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.

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property at 2544 Ventura Cir

2544 Ventura Cir

MelbourneFL32904

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.

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property at 6470 Borasco Dr

6470 Borasco Dr

MelbourneFL32940

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.

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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.

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property at 6451 Borasco Dr

6451 Borasco Dr

MelbourneFL32940
property at 3330 Nan Pablo Dr

3330 Nan Pablo Dr

MelbourneFL32934

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.

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Showing Results 1-50, Page 1 of 2

Melbourne, FL Local Guide

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 09/08/2025

Current apartment rentals in the Melbourne, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Melbourne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Suburban Melbourne$2,299$8801013
Downtown Melbourne$9,505$940308

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a Studio unit found at Riverview Apartments in the Coastal Brevard neighborhood priced from $950. Venue at Viera Senior Living in the Suburban Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,092. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Lake PointeBreeze1BR,1BA$1,109
The Monroe on MontereyA31BR,1BA$1,148
Topaz CayMessina1BR,1BA$1,149
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Stonewood Townhomes1x1R1BR,1BA$1,225
10X Harbour BayB12BR,2BA$1,235
Wickham ClubOne Bedroom One Bath1BR,1BA$1,239

Best Value Apartments for Rent in Melbourne, FL

As of September 08, 2025 the best value apartment in the Melbourne area is the $1.49 price per square foot Palm A Model at Amore Village Townhomes in the in the Coastal Brevard neighborhood starting from $2,175. The second greatest value Melbourne apartment is the 3x3 Student Apartment Model at Melbourne Commons starting at $940 with a $0.66 price per square foot in the South Cove neighborhood. Here is today’s list of the best values for Melbourne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amore Village TownhomesPalm A3BR,2.5BA$1.49
Melbourne Commons3x3 Student Apartment3BR,3BA$0.66
Marin at HarvardB12BR,2BA$1.21
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
The BrittanyVista2BR,1BA$1.47
Lake in the WoodsThe Worthington3BR,2.5BA$1.44
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.44
Veridian TownhomesB1 - 2 Bedroom, 1 Bathroom2BR,1.5BA$1.49
Palm Bay ClubB12BR,2BA$1.22
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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Best Local Schools in
Melbourne, FL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melbourne, FL Rentals by Map

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See the most popular apartments and homes in Melbourne, FL

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Melbourne, FL Rental Homes Map

Frequently Asked Questions about Melbourne

What type of rentals are currently available in Melbourne?

There are currently 316 Apartments for Rent in Melbourne, FL with pricing that ranges from $880 to $7,077. There are also 560 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $599 to $25,000.

What is the current price range for Rental Homes in Melbourne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $599 to $25,000 with an average monthly rent of $5,036.

How much are larger Three and Four Bedroom Rentals in Melbourne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melbourne range from $940 to $4,729, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $940.

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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.