510 N 6th Ave E
NewtonIA50208
Cheap Homes for Rent in Melbourne, IA from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
303 S Madison St
Prairie CityIA50228
1014-1028 Shagbark Dr
NevadaIA50201
702 Carroll Ave
AmesIA50010
521 Northwestern Ave
AmesIA50010
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.
1404 Crescent St
AmesIA50010
108 Westwood Dr
MarshalltownIA50158
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.
1250 24th St
AmesIA50010
9 N 9th Ave
MarshalltownIA50158
1020 1st Ave W
NewtonIA50208
Showing Results 1-10, Page 1 of 1
Melbourne, IA Local Guide
Pure Iowa by Ron Cogswell is licensed under CC BY 2.0
How much does it cost to rent a home in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne 2 Bedroom Homes for Rent | $969 | $725 | $1,250 |
| Melbourne 3 Bedroom Homes for Rent | $1,825 | $1,290 | $3,300 |
| Melbourne 4 Bedroom Homes for Rent | $2,325 | $1,995 | $2,495 |
| Melbourne 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, IA Local Guide
- Nearby Cities
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Cheapest Available Melbourne Apartments for Rent and Nearby
The cheapest available apartment rental in Melbourne, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Hubbard Maple Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $450. Here is today’s list of the most affordable Melbourne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $450 |
| Hunters Run | A1 | 1BR,1BA | $550 |
Best Value Apartments for Rent in Melbourne, IA and Nearby
As of September 09, 2025 the best value apartment in the Melbourne area is the $0.65 price per square foot 2BR/2.5BA Model at Copper Beech at Ames in the in the South Ames neighborhood starting from $800. The second greatest value Melbourne apartment is the B - 2x2 Model at The Quarters Ames starting at $750 with a $0.63 price per square foot in the South Ames neighborhood. Here is today’s list of the best values for Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Copper Beech at Ames | 2BR/2.5BA | 2BR,2.5BA | $0.65 |
| The Quarters Ames | B - 2x2 | 2BR,2BA | $0.63 |
| The Landing Ames | C3 - 3x3 | 3BR,3BA | $0.47 |
| THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
| The Grove at Ames | 2BR/2BA | 2BR,2BA | $0.73 |
| Northridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.89 |
| Hunters Run | B2 | 2BR,1BA | $0.82 |
| Southern Hills | B1 | 2BR,1BA | $0.92 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $0.73 |
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Explore Melbourne, IA Rentals by Map
See the most popular apartments and homes in Melbourne, IA
Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 48 Apartments for Rent in Melbourne, IA with pricing that ranges from $394 to $2,600. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $650 to $3,300.
What is the current price range for Rental Homes in Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $650 to $3,300 with an average monthly rent of $1,818.
How much are larger Three and Four Bedroom Rentals in Melbourne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Melbourne range from $465 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,290 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $445.
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.
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.
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.
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.
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.