Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Suburban Melbourne area of Melbourne.

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 1440 Parkway Dr

$1,250 - $1,495

1 To 2 Bedroom Rentals

Available Now

1440 Parkway Dr

MelbourneFL32935

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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Parkway Place
1 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
  • Utilities Included
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Rivercrest Racquet
1 to 2 Bedroom Apartments

Rivercrest Racquet

3320 Rivercrest DrMelbourne, FL 32935
  • Utilities Included

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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Cocoa Village Suites
Studio to 4 Bedroom Apartments

Cocoa Village Suites

636 Brevard AveCocoa, FL 32922
  • Utilities Included

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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Rockledge Villas
1 to 3 Bedroom Apartments

Rockledge Villas

1525 S Fiske BlvdRockledge, FL 32955
  • Utilities Included
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Southgate Apartments
1 to 3 Bedroom Apartments

Southgate Apartments

3140 Southgate DrRockledge, FL 32955
  • Utilities Included
Showing Results 1-38, Page 1 of 1

Suburban Melbourne, Melbourne, FL Local Guide

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 $1,092. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
Mission Bay ApartmentsSIERRA1BR,1BA$899
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Hammock HarborAshton1BR,1BA$1,099
Caribbean Isle1D1BR,1BA$1,194
The Lenox at Merritt IslandPalm Shores2BR,2BA$1,195
Wickham ClubOne Bedroom One Bath1BR,1BA$1,210
Reserves of MelbourneLunar1BR,1BA$1,218
The HarboursLa Jumet1BR,1BA$1,232
Lake PointeBreeze1BR,1BA$1,247
Topaz CayMessina1BR,1BA$1,249

Best Value Apartments for Rent in Suburban Melbourne, FL

As of January 08, 2026 the best value apartment in the Suburban Melbourne area is the $1.47 price per square foot Lavender Model at Covey Homes Palms West in the in the Diamond Square neighborhood starting from $2,457. The second greatest value Suburban Melbourne apartment is the Palm A Model at Amore Village Townhomes starting at $2,199 with a $1.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Covey Homes Palms WestLavender3BR,2BA$1.47
Amore Village TownhomesPalm A3BR,2.5BA$1.50
Princeton ParcSea Glass - UPG3BR,2BA$1.46
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.48
Fountain VillasThe Falls2BR,2BA$1.37
Cocoa Grand ApartmentsOne Bedroom1BR,1BA$1.42
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.31
Parkway Place2 Bed, 2 Bath2BR,2BA$1.31
Mission Bay ApartmentsSIERRA1BR,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.

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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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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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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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Pet Friendly Lifestyle
Suburban Melbourne, Melbourne, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,249.

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 $6,450.

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 121 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 $397 which is $6,053 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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!