Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (150 Rentals)

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

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Park Village
$1,212 - $1,709
Total Monthly Price

Total Monthly Price

Base Rent
$1,212 - $1,709
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available May 1

Park Village

3099 Park Village WayMelbourne, FL 32935
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Lake Pointe
Rent Specials
$1,227 - $1,792
Total Monthly Price

Total Monthly Price

Base Rent
$1,227 - $1,792
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lake Pointe

2880 N Wickham RdMelbourne, FL 32935
Corporate Housing
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property at 1440 Parkway Dr

$1,250 - $1,495

1 To 2 Bedroom Rentals

Available Now

1440 Parkway Dr

MelbourneFL32935
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The Harbours
Rent Specials
$1,306 - $3,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,306 - $3,139
Total Monthly Price
$1,306 - $3,139
1 to 3 Bedroom Apartments Available Now

The Harbours

1032 Hidden Harbour DrMelbourne, FL 32935
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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Reserves of Melbourne
$1,346 - $2,146
Total Monthly Price

Total Monthly Price

Base Rent
$1,346 - $2,146
Total Monthly Price
$1,346 - $2,146
1 to 3 Bedroom Apartments Available Now

Reserves of Melbourne

2262 Crippen CtMelbourne, FL 32904
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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 6440 Borasco Dr

$1,350 - $1,590

1 Bedroom Rentals

Available Now

6440 Borasco Dr

MelbourneFL32940
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Topaz Cay
$1,409 - $1,859
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,859
Total Monthly Price
$1,409 - $1,859
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
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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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Marisol at Viera
Rent Specials
$1,693 - $2,405
Total Monthly Price

Total Monthly Price

Base Rent
$1,693 - $2,405
Total Monthly Price
$1,693 - $2,405
1 to 3 Bedroom Apartments Available Now

Marisol at Viera

2439 Casona LnMelbourne, FL 32940
Pet Friendly
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  • Customer Reviewed
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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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Parkway Place
1 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
  • Utilities Included
property at 234 Bristol Ct

$1,150 - $1,200

1 Bedroom Rentals

Available Now

234 Bristol Ct

MelbourneFL32935

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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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 $1,084. 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$1,084
Hammock HarborAshton1BR,1BA$1,099
The Teale New HavenAStudio,1BA$1,199
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,225
Magnolia at Palm BayAtlas1BR,1BA$1,234
Savannahs at James LandingA1 The Nina - 1 Bedroom, 1 Bathroom1BR,1BA$1,239
Parkway Place2 Bed, 2 Bath2BR,2BA$1,270
Lake PointeBreeze1BR,1BA$1,277
City HarborA11BR,1BA$1,320

Best Value Apartments for Rent in Suburban Melbourne, FL

As of April 15, 2026 the best value apartment in the Suburban Melbourne area is the $1.27 price per square foot Duplex Model at Cocoa Grand Apartments in the in the Port St John Cocoa West neighborhood starting from $2,725. The second greatest value Suburban Melbourne apartment is the Pimento Model at Covey Homes Palms West starting at $2,543 with a $1.39 price per square foot in the Diamond Square 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.
Cocoa Grand ApartmentsDuplex3BR,2BA$1.27
Covey Homes Palms WestPimento4BR,2BA$1.39
Amore Village TownhomesPalm A3BR,2.5BA$1.44
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
Fountain VillasThe Falls2BR,2BA$1.33
Wickham ClubTwo Bedroom Two Bath2BR,2BA$1.27
Parkway Place2 Bed, 2 Bath2BR,2BA$1.31
WoodhavenThe Haven2BR,2BA$1.49
Savannahs at James LandingA1 The Nina - 1 Bedroom, 1 Bathroom1BR,1BA$1.51
Mission Bay ApartmentsSIERRA1BR,1BA$1.28

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 $1,320.

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 $16,334.

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 119 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 $456 which is $15,878 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.

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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.