Cheap Homes for Rent in Suburban Melbourne Neighborhood of Melbourne, FL from $800 (77 Rentals)

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

property at 803 Rockledge Dr

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

803 Rockledge Dr

RockledgeFL32955

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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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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property at 1720 Murrell Rd

$1,395 - $1,650

2 Bedroom Rentals

Available Now

1720 Murrell Rd

RockledgeFL32955

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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property at 2727 N Wickham Rd

$1,500

1 Bedroom, 2 Bath Condo for Rent

Available Now

2727 N Wickham Rd

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 $1,092. 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
The HarboursNobska1BR,1BA$1,148
Caribbean Isle1A1BR,1BA$1,154
Lake PointeBreeze1BR,1BA$1,189
The Lenox at Merritt IslandPalm Shores2BR,2BA$1,195
Wickham ClubOne Bedroom One Bath1BR,1BA$1,210
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,225
Reserves of MelbourneLunar1BR,1BA$1,226

Best Value Apartments for Rent in Suburban Melbourne, FL

As of December 18, 2025 the best value apartment in the Suburban Melbourne area is the $1.41 price per square foot Lavender Model at Covey Homes Palms West in the in the Diamond Square neighborhood starting from $2,358. The second greatest value Suburban Melbourne apartment is the Palm B Model at Amore Village Townhomes starting at $1,895 with a $1.29 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$1.41
Amore Village TownhomesPalm B3BR,2.5BA$1.29
1841 Long Iron Dr, Unit 8071841 Long Iron Dr3BR,2BA$1.33
Fountain VillasThe Falls2BR,2BA$1.48
Cocoa Grand ApartmentsOne Bedroom1BR,1BA$1.42
Veridian TownhomesB1 - 2 Bedroom, 1 Bathroom2BR,1.5BA$1.44
The Park at ParmaTuscany2BR,2BA$1.48
Parkway Place2 Bed, 2 Bath2BR,2BA$1.31
Wickham ClubOne Bedroom One Bath1BR,1BA$1.47
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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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 Suburban Melbourne

What type of rentals are currently available in Suburban Melbourne?

There are currently 215 Apartments for Rent in Suburban Melbourne, FL with pricing that ranges from $1,050 to $11,677. There are also 450 Single Family Homes for rent, Condos, and Townhome rentals currently available in Suburban Melbourne ranging from $800 to $25,000.

What is the current price range for Rental Homes in Suburban Melbourne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Suburban Melbourne ranges from $800 to $25,000 with an average monthly rent of $5,194.

How much are larger Three and Four Bedroom Rentals in Suburban Melbourne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Suburban Melbourne range from $1,466 to $6,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,656.

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 Renting with Roommates: Realistic Expectations for Shared Lease article

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! 

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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.