Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Parkway Place
1 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
  • 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.

Read Article
close
View Me
Rockledge Villas
1 to 3 Bedroom Apartments

Rockledge Villas

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

Southgate Apartments

3140 Southgate DrRockledge, FL 32955
  • Utilities Included
Showing Results 1-22, 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 The Reserves of Melbourne priced from $1,140. The Lenox at Merritt Island has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
The Reserves of MelbourneLunar1BR,1BA$1,140
The Lenox at Merritt IslandPalm Shores2BR,2BA$1,195
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,225
Wickham ClubOne Bedroom One Bath1BR,1BA$1,239
Caribbean Isle1B1BR,1BA$1,266

Best Value Apartments for Rent in Suburban Melbourne, FL

As of July 02, 2025 the best value apartment in the Suburban Melbourne area is the $1.46 price per square foot Lavender Model at Covey Homes Palms West in the in the Diamond Square neighborhood starting from $2,438. The second greatest value Suburban Melbourne apartment is the Palm A Model at Amore Village Townhomes starting at $2,195 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$1.46
Amore Village TownhomesPalm A3BR,2.5BA$1.50
Fountain VillasThe Cascade3BR,2BA$1.39
Via Tuscany Apartments3 Bedroom Office/Den 2 Bath3BR,2BA$1.59
The Haven at West MelbourneC13BR,2BA$1.45
Venue at Viera Senior LivingVilla - Two Bedroom w/Den Two Bath2BR,2BA$1.49
Cocoa Grand ApartmentsOne Bedroom1BR,1BA$1.47
The Park at ParmaTuscany2BR,2BA$1.45
Lakes at SuntreeJuniper2BR,2BA$1.61
Wickham ClubOne Bedroom One Bath1BR,1BA$1.51

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Suburban Melbourne, Melbourne, FL

Ranked #1

Among neighborhoods in Melbourne, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,375.

What is the price of a cheap apartment in Suburban Melbourne?

The cheapest apartment in Suburban Melbourne is The Reserves of Melbourne which is listed at $1,140, 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 5 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 $1,332 which is $7,668 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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.