Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (45 Rentals)

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

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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property at 1440 Parkway Dr

1440 Parkway Dr

MelbourneFL32935

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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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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Summerset Apartments
2 Bedroom Apartments

Summerset Apartments

2214 Summerset DrMelbourne, FL 32935
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Lakes at Suntree
1 to 3 Bedroom Apartments

Lakes at Suntree

201 Plantation Club DrMelbourne, FL 32940

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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Cocoa Village Suites
Studio to 4 Bedroom Apartments

Cocoa Village Suites

636 Brevard AveCocoa, FL 32922
  • Utilities Included
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Rockledge Villas
1 to 3 Bedroom Apartments

Rockledge Villas

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

Southgate Apartments

3140 Southgate DrRockledge, FL 32955
  • Utilities Included

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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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 Parkway Place priced from $1,048. Lake Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,081. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
Parkway Place1 Bed, 1 Bath1BR,1BA$1,048
Lake PointeBreeze1BR,1BA$1,081
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Hammock HarborAshton1BR,1BA$1,099
Eleven35 ApartmentsOne Bedroom Deluxe1BR,1BA$1,139
Topaz CayMessina1BR,1BA$1,149
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,187
The Harbours ApartmentsLa Jumet1BR,1BA$1,194
The Teale New HavenAStudio,1BA$1,249
The Reserves of MelbourneLunar1BR,1BA$1,249

Best Value Apartments for Rent in Suburban Melbourne, FL

As of October 07, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Covey Homes Palms WestLavender3BR,2BA$1.49
Cocoa Grand ApartmentsTwo Bedroom with Study2BR,2BA$1.30
Amore Village TownhomesPalm B3BR,2.5BA$1.44
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.48
Fountain VillasThe Falls2BR,2BA$1.44
Lakeside Glen ApartmentsC1 - 3 Bedroom 2 Bath3BR,2BA$1.56
Azalea at West Melbourne2BR- Balcony - Palm2BR,2BA$1.51
Sabal Palms ApartmentsPalmetto3BR,2BA$1.52
The Park at ParmaTuscany2BR,2BA$1.51
Parkway Place1 Bed, 1 Bath1BR,1BA$1.37

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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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 Parkway Place which is listed at $1,048, while the average apartment in Suburban Melbourne costs $3,900.

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 25 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 $1,087 which is $2,813 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.

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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! 

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.