Cheap Homes for Rent in Melbourne, FL from $500 (86 Rentals)

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property at 1708 Oak St

1708 Oak St

MelbourneFL32901
Showing Results 1-50, Page 1 of 2

Melbourne, FL Local Guide

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 07/25/2025

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
Downtown Melbourne$3,500$95049
Suburban Melbourne$15,000$800379

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a 1 Bed unit found at Venue at Viera Senior Living in the Suburban Melbourne neighborhood priced from $1,092. Lake Pointe in the Suburban Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,155. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Lake PointeBreeze1BR,1BA$1,155
Topaz CayMessina1BR,1BA$1,199
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Stonewood Townhomes1x1R1BR,1BA$1,225
Topaz VillageAlcove1BR,1BA$1,225
Wickham ClubOne Bedroom One Bath1BR,1BA$1,239
The Harbours ApartmentsNobska1BR,1BA$1,273
Eleven35 ApartmentsOne Bedroom Deluxe1BR,1BA$1,275

Best Value Apartments for Rent in Melbourne, FL

As of July 25, 2025 the best value apartment in the Melbourne area is the $0.86 price per square foot 2865 Kirby Cir NE Model at 2865 Kirby Cir NE, Unit UnitA in the in the South Cove neighborhood starting from $1,550. The second greatest value Melbourne apartment is the 4x4 Student Apartment Model at Melbourne Commons starting at $865 with a $0.49 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.
2865 Kirby Cir NE, Unit UnitA2865 Kirby Cir NE3BR,2BA$0.86
Melbourne Commons4x4 Student Apartment4BR,4BA$0.49
Marin at HarvardB12BR,2BA$1.28
TrilliumTwo Bedroom Apartment2BR,2BA$1.40
Manatee Cove3x23BR,2BA$1.16
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.35
Palm Bay ClubB12BR,2BA$1.25
Legacy at Hibiscus ParkMallow1BR,1BA$1.44
The Reserves of MelbourneCanaveral2BR,1BA$1.45
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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Frequently Asked Questions about Melbourne

What type of rentals are currently available in Melbourne?

There are currently 318 Apartments for Rent in Melbourne, FL with pricing that ranges from $880 to $5,480. There are also 558 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $599 to $15,000.

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 $15,000 with an average monthly rent of $4,373.

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 $5,090, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,725 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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.