Cheap Homes for Rent in Suburban Melbourne Neighborhood of Melbourne, FL from $700 (71 Rentals)

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

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 2544 Ventura Cir

2544 Ventura Cir

MelbourneFL32904

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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property at 6470 Borasco Dr

6470 Borasco Dr

MelbourneFL32940
property at 1851 Long Iron Dr

1851 Long Iron Dr

RockledgeFL32955

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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property at 6451 Borasco Dr

6451 Borasco Dr

MelbourneFL32940
property at 3330 Nan Pablo Dr

3330 Nan Pablo Dr

MelbourneFL32934

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 55 Piney Branch Way

55 Piney Branch Way

West MelbourneFL32904
property at 1106 Madrid Rd

1106 Madrid 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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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 Venue at Viera Senior Living priced from $1,092. Hammock Harbor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:

Apartment ListingModel NameBed/BathPriced From
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,092
Hammock HarborAshton1BR,1BA$1,099
Lake PointeBreeze1BR,1BA$1,115
Topaz CayMessina1BR,1BA$1,149
The Harbours ApartmentsLa Jumet1BR,1BA$1,164
Wickham ClubOne Bedroom One Bath1BR,1BA$1,239
The Reserves of MelbourneLunar1BR,1BA$1,249
Park Village ApartmentsFieldstone2BR,1BA$1,250
Eleven35 ApartmentsOne Bedroom Deluxe1BR,1BA$1,275
Addison PointeCape1BR,1BA$1,280

Best Value Apartments for Rent in Suburban Melbourne, FL

As of September 16, 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 Etonia Model at Sabal Palms Apartments starting at $1,699 with a $1.40 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.
Covey Homes Palms WestLavender3BR,2BA$1.49
Sabal Palms ApartmentsEtonia3BR,2.5BA$1.40
Fountain VillasThe Falls2BR,2BA$1.43
Polo Glen Apartment HomesB3- Upper2BR,2BA$1.53
Cocoa Grand ApartmentsOne Bedroom1BR,1BA$1.44
Villas At Blue Cove Apartments2 Bedroom 2 Bath, Renovated2BR,2BA$1.52
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.36
The Haven at West MelbourneB12BR,1BA$1.51
Veridian TownhomesB1 - 2 Bedroom, 1 Bathroom2BR,1.5BA$1.49
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.

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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 217 Apartments for Rent in Suburban Melbourne, FL with pricing that ranges from $880 to $9,000. There are also 478 Single Family Homes for rent, Condos, and Townhome rentals currently available in Suburban Melbourne ranging from $700 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 $700 to $25,000 with an average monthly rent of $5,430.

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 $4,213, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,656.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.