
Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Suburban Melbourne area of Melbourne.


Venue at Viera Senior Living

Palm Harbor Villas

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Lake Pointe

The Park at Topaz Tuscana

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The Teale New Haven

Wickham Club

Total Monthly Price
Eleven35 Apartments
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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Park Village

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2070 Avocado Ave, Unit B

1042 Sea Grape Dr

1440 Parkway Dr

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The Harbours

Savannahs at James Landing

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Topaz Cay

City Harbor
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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Reserves of Melbourne

1704 Aurora Rd

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Retreat @ Golf Links

Greater Heights Apartment Community

Parkway Place

Rivercrest Racquet

Lantern Village Apartments

The Park at Parma
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.

Mission Bay Apartments

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Hammock Harbor

130 Bouganvillea Dr

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439 Barbara Jenkins St, Unit B

613 Paw Paw St

The Carlton of West Melbourne

Magnolia at Palm Bay

Cocoa Village Apartments
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.

Cocoa Village Suites

Rockledge Villas

Southgate Apartments
Suburban Melbourne, Melbourne, FL Local Guide

How much does it cost to rent an apartment in Suburban Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Suburban Melbourne Studio Apartments | $1,442 | $920 | $2,549 |
| Suburban Melbourne 1 Bedroom Apartments | $1,768 | $1,000 | $3,471 |
| Suburban Melbourne 2 Bedroom Apartments | $2,037 | $1,199 | $4,021 |
| Suburban Melbourne 3 Bedroom Apartments | $2,323 | $1,466 | $8,896 |
| Suburban Melbourne 4 Bedroom Apartments | $3,564 | $1,656 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Suburban Melbourne Neighborhood of Melbourne, FL.
See all Apartments in MelbourneExplore Melbourne
Suburban Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
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Cheapest Available Suburban Melbourne Apartments for Rent
 The cheapest available apartment rental in the Suburban Melbourne area of Melbourne, FL is a 1 Bed unit found at Mission Bay Apartments priced from $899. Venue at Viera Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,084. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mission Bay Apartments | SIERRA | 1BR,1BA | $899 |
| Venue at Viera Senior Living | One Bedroom One Bath (b) | 1BR,1BA | $1,084 |
| Hammock Harbor | Ashton | 1BR,1BA | $1,099 |
| Lake Pointe | Breeze | 1BR,1BA | $1,169 |
| The Teale New Haven | A | Studio,1BA | $1,199 |
| The Park at Topaz Tuscana | Venice | 1BR,1BA | $1,199 |
| Wickham Club | One Bedroom One Bath | 1BR,1BA | $1,210 |
| Eleven35 Apartments | One Bedroom | 1BR,1BA | $1,225 |
| Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1,232 |
Best Value Apartments for Rent in Suburban Melbourne, FL
As of February 28, 2026 the best value apartment in the Suburban Melbourne area is the $1.49 price per square foot Lavender Model at Covey Homes Palms West in the in the Diamond Square neighborhood starting from $2,487. The second greatest value Suburban Melbourne apartment is the Palm B Model at Amore Village Townhomes starting at $2,040 with a $1.39 price per square foot in the Coastal Brevard neighborhood. Here is today’s list of the best values for Suburban Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Covey Homes Palms West | Lavender | 3BR,2BA | $1.49 |
| Amore Village Townhomes | Palm B | 3BR,2.5BA | $1.39 |
| The Carlton of West Melbourne | Windsor (B2-1) | 2BR,2BA | $1.46 |
| Sabal Palms Apartments | Etonia | 3BR,2.5BA | $1.40 |
| Fountain Villas | The Falls | 2BR,2BA | $1.48 |
| Cocoa Grand Apartments | One Bedroom | 1BR,1BA | $1.44 |
| Grand Oaks At The Lake | The English Oak | 2BR,2BA | $1.49 |
| Wickham Club | One Bedroom One Bath | 1BR,1BA | $1.47 |
| Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1.54 |
| Mission Bay Apartments | SIERRA | 1BR,1BA | $1.28 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Pet Friendly LifestyleSuburban Melbourne, Melbourne, FL
Ranked #1
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Suburban Melbourne Apartments
What is a cheap apartment in Suburban Melbourne?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Suburban Melbourne is under $1,232.
What is the price of a cheap apartment in Suburban Melbourne?
The cheapest apartment in Suburban Melbourne is Mission Bay Apartments which is listed at $899, while the average apartment in Suburban Melbourne costs $14,496.
What types of apartments are the cheapest in Suburban Melbourne?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 118 regular apartments in Suburban Melbourne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Suburban Melbourne?
Cheap apartments in Suburban Melbourne have an average cost of $368 which is $14,128 cheaper than the average rent for all rentals in Suburban Melbourne.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.