1931 Cleveland St NE
Palm BayFL32905
Cheap Homes for Rent in Melbourne, FL from $500 (84 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
1931 Cleveland St NE
Palm BayFL32905
4115 Aurora Rd, Unit 1-3106
4115 Aurora Rd
MelbourneFL32934
1294 Drill Ave NE
Palm BayFL32907
1055 Venetian Dr
MelbourneFL32904
3115 Marshall Dr
MelbourneFL32901
3115 Marshall Dr
MelbourneFL32901
537 Trend Rd
MelbourneFL32904
537 Trend Rd
MelbourneFL32904
1664 Sumter Ln
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.
1315 Armory Dr NE
Palm BayFL32907
3115 Marshall Dr
MelbourneFL32901
1424 Croftwood Dr
MelbourneFL32935
22 Elton St
MelbourneFL32935
20 E Ave B
MelbourneFL32901
987 Sonesta Ave NE
Palm BayFL32905
214 San Juan Cir
MelbourneFL32935
2522 Amberly Rd NE
Palm BayFL32905
133 Bristol Ct
MelbourneFL32935
126 San Paulo Cir
West 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.
126 San Paulo Cir
MelbourneFL32904
1649 Sunny Brook Ln
Palm BayFL32905
1054 Mollie Ln
MelbourneFL32935
2326 Shenandoah Rd
Palm BayFL32905
127 San Paulo Cir
MelbourneFL32904
177 Ulster Ln
MelbourneFL32935
265 Ulster Ct
MelbourneFL32935
1461 Sheafe Ave NE
Palm BayFL32905
3501 D'Avinci Way
MelbourneFL32901
2160 Forest Knoll Dr NE
Palm BayFL32905
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.
1123 Tree Ridge Ln NE
Palm BayFL32905
1123 Tree Ridge Ln NE
Palm BayFL32905
205 San Paulo Cir
MelbourneFL32904
993 Sonesta Ave NE
Palm BayFL32905
7667 N Wickham Rd
MelbourneFL32940
1701 Post Rd
MelbourneFL32935
283 Buffalo Pl
RockledgeFL32955
1648 Sunny Brook Ln
Palm BayFL32905
3551 D'Avinci Way
MelbourneFL32901
2130 Forest Knoll Dr NE
Palm BayFL32905
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.
196 San Juan Cir
MelbourneFL32935
164 Ocean View Ln
IndialanticFL32903
109 San Juan Cir
MelbourneFL32935
1648 Brook St NE
Palm BayFL32905
1641 Sunny Brook Ln
Palm BayFL32905
5683 Star Rush Dr
MelbourneFL32940
1002 Brothers Ave
MelbourneFL32901
2253 Flower Tree Cir
MelbourneFL32935
1776 Sophias Dr
MelbourneFL32940
6470 Borasco Dr
MelbourneFL32940
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 1-50, Page 1 of 2
Melbourne, FL Local Guide
How much does it cost to rent a home in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne 2 Bedroom Homes for Rent | $1,953 | $1,195 | $6,000 |
| Melbourne 3 Bedroom Homes for Rent | $2,445 | $840 | $4,999 |
| Melbourne 4 Bedroom Homes for Rent | $2,890 | $900 | $5,500 |
| Melbourne 5 Bedroom Homes for Rent | $8,887 | $2,250 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, FL Local Guide
- Melbourne Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Melbourne, FL
Pricing Updated: 07/04/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Melbourne | $2,900 | $845 | 42 |
| Suburban Melbourne | $15,550 | $840 | 248 |
Cheapest Available Melbourne Apartments for Rent
The cheapest available apartment rental in Melbourne, FL is a Studio unit found at Vetra Indian Harbour Beach in the Coastal Brevard neighborhood priced from $1,002. Parkway Place in the Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,042. Here is today’s list of the most affordable Melbourne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vetra Indian Harbour Beach | E1 | Studio,1BA | $1,002 |
| Parkway Place | 1 Bed, 1 Bath | 1BR,1BA | $1,042 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,075 |
| Venue at Viera Senior Living | One Bedroom One Bath (b) | 1BR,1BA | $1,096 |
| Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1,112 |
| The Teale New Haven | A | Studio,1BA | $1,125 |
| The Harbours | Nobska | 1BR,1BA | $1,128 |
| Eleven35 Apartments | One Bedroom | 1BR,1BA | $1,175 |
| Topaz Cay | Messina | 1BR,1BA | $1,199 |
| Topaz Village | Flat | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Melbourne, FL
As of July 04, 2026 the best value apartment in the Melbourne area is the $1.26 price per square foot B1 Model at Marin at Harvard in the in the Melbourne neighborhood starting from $1,573. The second greatest value Melbourne apartment is the 1 Deluxe Model at Mode at Melbourne starting at $1,650 with a $1.35 price per square foot in the Melbourne neighborhood. Here is today’s list of the best values for Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Marin at Harvard | B1 | 2BR,2BA | $1.26 |
| Mode at Melbourne | 1 Deluxe | 1BR,1BA | $1.35 |
| Wickham Club | Three Bedroom Two Bath | 3BR,2BA | $1.32 |
| 10X Harbour Bay | B3 | 2BR,2BA | $1.35 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.26 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Azara Palm Bay | B1 | 2BR,2BA | $1.22 |
| The Park at Parma | Tuscany | 2BR,2BA | $1.40 |
| Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
| Parkway Place | 1 Bed, 1 Bath | 1BR,1BA | $1.36 |
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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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
See the most popular apartments and homes in Melbourne, FL
Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 334 Apartments for Rent in Melbourne, FL with pricing that ranges from $750 to $6,838. There are also 413 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $599 to $30,000.
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 $30,000 with an average monthly rent of $5,099.
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 $1,599 to $5,686, while Three Bedroom Homes, Condos, and Townhomes for rent range from $840 to $4,999. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,799.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.