Cheap Apartments for Rent in Melbourne, KY from $600 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melbourne.

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.

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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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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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2351 Beechmont Ave.
Studio to 2 Bedroom Apartments

2351 Beechmont Ave.

2351 Beechmont AveCincinnati, OH 45230
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2332 Beechmont
1 to 2 Bedroom Apartments

2332 Beechmont

2332 Beechmont AveCincinnati, OH 45230
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6115-6126 Plymouth Avenue
Studio to 3 Bedroom Apartments

6115-6126 Plymouth Avenue

6115-6126 Plymouth AveCincinnati, OH 45230
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1923 Sutton Ave
1 Bedroom Apartments

1923 Sutton Ave

1923 Sutton AveCincinnati, OH 45230
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2323 Beechmont Ave
Studio to 1 Bedroom Apartments

2323 Beechmont Ave

2323 Beechmont AveCincinnati, OH 45230
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6060 Colter Ave
1 to 2 Bedroom Apartments

6060 Colter Ave

6060 Colter AveCincinnati, OH 45230

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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Salvador Point
1 to 3 Bedroom Apartments

Salvador Point

2301 Salvador StCincinnati, OH 45230
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1954 Rockland Ave
1 Bedroom Apartments

1954 Rockland Ave

1954 Rockland AveCincinnati, OH 45230
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Ridgeview Apartments
1 to 2 Bedroom Apartments

Ridgeview Apartments

5462-5470 Beechmont AveCincinnati, OH 45230
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Waterbury Apartments
Studio to 2 Bedroom Apartments

Waterbury Apartments

4140 Mount Carmel Tobasco RdCincinnati, OH 45255
Corporate Housing
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1824 Mears Ave
1 to 3 Bedroom Apartments

1824 Mears Ave

1824 Mears AveCincinnati, OH 45230
  • Utilities Included

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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One30 at Stonegate
1 to 2 Bedroom Apartments

One30 at Stonegate

7945 Stonegate DrCincinnati, OH 45255
Showing Results 1-49, Page 1 of 1

Melbourne, KY Local Guide

Cheapest Available Melbourne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melbourne, KY is a Studio unit found at Mary Ingles Place in the California neighborhood priced from $675. The Manor in the California neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Ingles PlaceSTUDIOStudio,1BA$675
The ManorThe Manor1BR,1BA$800
Riverstone Court Apartments1 Bedroom 1 Bathroom1BR,1BA$870
Arborstone ApartmentsOne Bed1BR,1BA$899
6115-6126 Plymouth Avenue1 bed1BR,1BA$899
2351 Beechmont Ave.1 Bed1BR,1BA$899
Sutton Avenue Apartments1 - Partially Renovated1BR,1BA$915
Beechmont Bluffs1 Bedroom with balcony1BR,1BA$925
Beechmont Towers Apartments1 Bedroom1BR,1BA$975
Beacon Tower1 Bedroom1BR,1BA$995

Best Value Apartments for Rent in Melbourne, KY and Nearby

As of May 19, 2026 the best value apartment in the Melbourne area is the $1.34 price per square foot 3x2.5 Model at Anderson Grove Townhomes in the in the Liberty Crossing neighborhood starting from $2,350. The second greatest value Melbourne apartment is the 3 Bedroom, 1.5 Bath Duplex 1,200SqFt Model at Norse Landing starting at $1,615 with a $1.35 price per square foot in the Northern Kentucky neighborhood. Here is today’s list of the best values for Melbourne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anderson Grove Townhomes3x2.53BR,2.5BA$1.34
Norse Landing3 Bedroom, 1.5 Bath Duplex 1,200SqFt3BR,1.5BA$1.35
Stone Creek ApartmentsBrand New Renovated Two Bedrooms2BR,1BA$1.28
1809-1813 Mears Ave2bed, 2bath2BR,2BA$1.05
Washington House ApartmentsTwo Bedroom2BR,1BA$1.33
Timber TrailsMAPLE l2BR,1BA$1.22
Beacon Tower1 Bedroom1BR,1BA$1.17
The Roxbury2 Bedroom 1 Bath - 451482BR,1BA$1.33
The ManorThe Manor1BR,1BA$1.07
2351 Beechmont Ave.1 Bed1BR,1BA$1.27

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.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melbourne, KY Rentals by Map

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See the most popular apartments and homes in Melbourne, KY

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Frequently Asked Questions about Cheap Melbourne Apartments

How much is rent for a Cheap One Bedroom Melbourne Apartment?

The lowest price for a Cheap One Bedroom Melbourne Apartment is $800 at The Manor.

What is the lowest price for a Cheap Two Bedroom Melbourne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melbourne is starting from $1,000 at 1809-1813 Mears Ave.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Beechmont Towers Apartments and starts from $1,550.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.