210 N Main St
RolandIA50236
Cheap Homes for Rent near Melbourne, IA from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
1220 6th Ave
GrinnellIA50112
215 N Main St
RolandIA50236
919 6th St
NevadaIA50201
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
2552 Smith Ave
MarshalltownIA50158
1016 1st Ave W
NewtonIA50208
1022 1st Ave W
NewtonIA50208
615 W Main St
MarshalltownIA50158
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.
603 E 7 1/2 St N
NewtonIA50208
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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 | $1,044 | $700 | $1,300 |
| Melbourne 3 Bedroom Homes for Rent | $2,007 | $1,040 | $2,600 |
| Melbourne 4 Bedroom Homes for Rent | $2,139 | $1,795 | $2,395 |
| Melbourne 6 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, IA Local Guide
- Nearby Cities
- ZIP codes
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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 $460. 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 | $460 |
| The Grove | 3BR/3BA Upgraded | 3BR,3BA | $599 |
Best Value Apartments for Rent in Melbourne, IA and Nearby
As of August 05, 2026 the best value apartment in the Melbourne area is the $0.45 price per square foot C1 - 3x3 Model at The Landing Ames in the in the South Ames neighborhood starting from $600. The second greatest value Melbourne apartment is the A - 3x3 Model at The Quarters Ames starting at $499 with a $0.44 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. |
|---|---|---|---|
| The Landing Ames | C1 - 3x3 | 3BR,3BA | $0.45 |
| The Quarters Ames | A - 3x3 | 3BR,3BA | $0.44 |
| THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom - Large | 2BR,1BA | $0.78 |
| The Grove | 2BR/2BA Upgraded | 2BR,2BA | $0.73 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $0.94 |
| Hunters Run | B2 | 2BR,1BA | $0.91 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| 110 N Maple St | 2-bedroom | 2BR,1BA | $0.88 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
| Hubbard Maple Street Apartments | 1 BR/1 BA | 1BR,1BA | $0.75 |
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
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.
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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 60 Apartments for Rent in Melbourne, IA with pricing that ranges from $460 to $2,325. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $650 to $2,600.
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 $2,600 with an average monthly rent of $1,789.
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 $499 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,040 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $499.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.