Cheap Homes for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $700 (58 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1055 Venetian Dr

$840

Total Monthly Price

Total Monthly Price

Base Rent
$840
Total Monthly Price
$840

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1055 Venetian Dr

MelbourneFL32904
property at 1664 Sumter Ln

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

4 Bedroom, 2 Bath Home for Rent

Available Now

1664 Sumter Ln

MelbourneFL32904
property at 833 Berkshire Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 2 Bath Home for Rent

Available Jul 15

833 Berkshire Dr

RockledgeFL32955

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.

Read Article

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.

Read Article
property at 1701 Post Rd

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

1 Bedroom, 1 Bath Home for Rent

Available Now

1701 Post Rd

MelbourneFL32935
property at 6440 Borasco Dr

$1,400 - $1,750

1 To 2 Bedroom Rentals

Available Now

6440 Borasco Dr

MelbourneFL32940

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.

Read Article

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 2

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 $1,042. 1708 Elm has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
Parkway Place1 Bed, 1 Bath1BR,1BA$1,042
1708 Elm1708 Elm - 1708Studio,1BA$1,050
Mission Bay ApartmentsSIERRA1BR,1BA$1,053
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,096
Hammock HarborAshton1BR,1BA$1,099
The Teale New HavenAStudio,1BA$1,125
The HarboursNobska1BR,1BA$1,128
Eleven35 ApartmentsOne Bedroom1BR,1BA$1,175
Topaz CayMessina1BR,1BA$1,199
Lake PointeBreeze1BR,1BA$1,218

Best Value Apartments for Rent in Suburban Melbourne, FL

As of July 09, 2026 the best value apartment in the Suburban Melbourne area is the $1.39 price per square foot The Cascade Model at Fountain Villas in the in the Suburban Melbourne neighborhood starting from $1,890. The second greatest value Suburban Melbourne apartment is the Dune Model at Addison Pointe starting at $1,910 with a $1.55 price per square foot in the Suburban Melbourne 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.
Fountain VillasThe Cascade3BR,2BA$1.39
Addison PointeDune2BR,2BA$1.55
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.32
Lakes at SuntreeMagnolia2BR,2BA$1.37
Sabal Palms ApartmentsPalmetto3BR,2BA$1.52
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1.45
The Park at ParmaTuscany2BR,2BA$1.40
The Savannahs at James LandingB1 The Pinta - 2 Bedroom, 1 Bathroom2BR,1BA$1.42
Parkway Place1 Bed, 1 Bath1BR,1BA$1.36
Mission Bay ApartmentsSIERRA1BR,1BA$1.50

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 Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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 cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Suburban Melbourne

What type of rentals are currently available in Suburban Melbourne?

There are currently 220 Apartments for Rent in Suburban Melbourne, FL with pricing that ranges from $900 to $17,212. There are also 353 Single Family Homes for rent, Condos, and Townhome rentals currently available in Suburban Melbourne ranging from $750 to $30,000.

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 $750 to $30,000 with an average monthly rent of $4,927.

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 $1,468 to $9,994, while Three Bedroom Homes, Condos, and Townhomes for rent range from $840 to $4,500. Four Bedroom Single-Family rentals are also available starting from $900 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.