Cheap Homes for Rent in Melbourne, FL from $700 (98 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 1225 N Wickham Rd

1225 N Wickham Rd

MelbourneFL32935
property at 72 Bossieux Blvd

72 Bossieux Blvd

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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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 258 Ulster Ln

258 Ulster Ln

MelbourneFL32935

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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property at 3532 D'Avinci Way

3532 D'Avinci Way

MelbourneFL32901

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Melbourne, FL Local Guide

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 11/06/2025

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$9,000$1,0501066
Downtown Melbourne$11,228$950289

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a 2 Beds unit found at Palm Bay Club in the South Cove neighborhood priced from $546. Riverview Apartments in the Coastal Brevard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palm Bay ClubB12BR,2BA$546
Riverview ApartmentsStudio ApartmentStudio,1BA$950
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Lake PointeBreeze1BR,1BA$1,093
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,099
Park Village ApartmentsLaketree1BR,1BA$1,148
Malabar Lakes ApartmentsHaven1BR,1BA$1,179
Vetra Indian Harbour BeachE1Studio,1BA$1,199
Stonewood Townhomes1x1R1BR,1BA$1,225

Best Value Apartments for Rent in Melbourne, FL

As of November 07, 2025 the best value apartment in the Melbourne area is the $1.29 price per square foot Palm B Model at Amore Village Townhomes in the in the Coastal Brevard neighborhood starting from $1,895. The second greatest value Melbourne apartment is the B1 Model at Marin at Harvard starting at $1,570 with a $1.26 price per square foot in the Coastal Brevard 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 B3BR,2.5BA$1.29
Marin at HarvardB12BR,2BA$1.26
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.48
The BrittanyCabana2BR,2BA$1.27
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.30
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.36
Palm Bay ClubB12BR,2BA$1.25
Parkway Place2 Bed, 2 Bath2BR,2BA$1.31
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Quick 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

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See the most popular apartments and homes in Melbourne, FL

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Melbourne, FL Apartments Map
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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 324 Apartments for Rent in Melbourne, FL with pricing that ranges from $699 to $11,228. There are also 570 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $750 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 $750 to $25,000 with an average monthly rent of $4,558.

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 $1,467 to $6,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,650. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,669.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.