
Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Suburban Melbourne area of Melbourne.


Venue at Viera Senior Living

The Harbours Apartments

Palm Harbor Villas

Park Village Apartments
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Greater Heights Apartment Community

Mission Bay Apartments
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.

Hammock Harbor

The Lenox at Merritt Island

803 Rockledge Dr
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.
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 | $1,443 | $1,050 | $1,892 |
| Suburban Melbourne 1 Bedroom Apartments | $1,726 | $1,050 | $2,800 |
| Suburban Melbourne 2 Bedroom Apartments | $1,999 | $1,266 | $3,675 |
| Suburban Melbourne 3 Bedroom Apartments | $2,244 | $1,466 | $3,508 |
| Suburban Melbourne 4 Bedroom Apartments | $2,741 | $1,656 | $8,901 |
Browse Apartments in this Neighborhood
There are currently 16 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. Parkway Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,048. 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 |
| Parkway Place | 1 Bed, 1 Bath | 1BR,1BA | $1,048 |
| Lake Pointe | Breeze | 1BR,1BA | $1,069 |
| Venue at Viera Senior Living | One Bedroom One Bath (b) | 1BR,1BA | $1,092 |
| Hammock Harbor | Ashton | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Suburban Melbourne, FL
As of November 22, 2025 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 $2,488. The second greatest value Suburban Melbourne apartment is the Two Bedroom with Study Model at Cocoa Grand Apartments starting at $2,120 with a $1.30 price per square foot in the Port St John Cocoa West 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 |
| Cocoa Grand Apartments | Two Bedroom with Study | 2BR,2BA | $1.30 |
| Amore Village Townhomes | Palm B | 3BR,2.5BA | $1.29 |
| 1841 Long Iron Dr, Unit 807 | 1841 Long Iron Dr | 3BR,2BA | $1.35 |
| Sabal Palms Apartments | Etonia | 3BR,2.5BA | $1.40 |
| Wickham Club | Three Bedroom Two Bath | 3BR,2BA | $1.40 |
| Fountain Villas | The Falls | 2BR,2BA | $1.46 |
| The Park at Parma | Tuscany | 2BR,2BA | $1.51 |
| Parkway Place | 1 Bed, 1 Bath | 1BR,1BA | $1.37 |
| 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 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
Getting Around the Suburban Melbourne Neighborhood in Melbourne, FL
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
5 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $9,000.
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 137 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 $407 which is $8,593 cheaper than the average rent for all rentals in Suburban Melbourne.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.




