
Cheap Apartments for Rent in the 32940 ZIP Code of Melbourne, FL from $300 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the 32940 ZIP Code area of Melbourne.


6440 Borasco Dr

The Pearl of Viera

1776 Sophias Dr

7667 N Wickham Rd
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.

6470 Borasco Dr

6451 Borasco Dr

5693 Star Rush Dr

Mission Bay Apartments

The Preserve at Longleaf
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.
Melbourne, FL Local Guide

How much does it cost to rent an apartment in 32940?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 32940 Studio Apartments | $1,620 | $1,620 | $1,620 |
| 32940 1 Bedroom Apartments | $1,930 | $1,053 | $3,672 |
| 32940 2 Bedroom Apartments | $2,236 | $1,269 | $4,552 |
| 32940 3 Bedroom Apartments | $2,564 | $1,468 | $5,122 |
Browse Apartments in the 32940 Zip Code of Melbourne
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Frequently Asked Questions about Cheap the 32940 ZIP Code Apartments
How much is rent for a Cheap One Bedroom 32940 Apartment?
The lowest price for a Cheap One Bedroom 32940 Apartment is $990 at The Bunkers at Oak Ridge.
What is the lowest price for a Cheap Two Bedroom 32940 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 32940 is starting from $1,096 at Woodbury Crossing.
What is the most affordable 32940 Three Bedroom Apartment?
The best deal on a cheap 32940 Three Bedroom Apartment rental is at Woodbury Crossing and starts from $1,122.
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

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.

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.

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.

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.