Cheap Apartments for Rent in Melbourne, KY from $600 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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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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6115-6126 Plymouth Avenue
Studio to 3 Bedroom Apartments

6115-6126 Plymouth Avenue

6115-6126 Plymouth AveCincinnati, OH 45230
  • Utilities Included
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The Roxbury
1 to 2 Bedroom Apartments

The Roxbury

6217 Roxbury StCincinnati, OH 45230

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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2332 Beechmont
1 to 2 Bedroom Apartments

2332 Beechmont

2332 Beechmont AveCincinnati, OH 45230
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6060 Colter Ave
1 to 2 Bedroom Apartments

6060 Colter Ave

6060 Colter 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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Salvador Point
1 to 3 Bedroom Apartments

Salvador Point

2301 Salvador StCincinnati, 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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Showing Results 1-37, 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 $600. Arborstone Apartments in the California neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $760. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Ingles PlaceSTUDIOStudio,1BA$600
Arborstone ApartmentsStudioStudio,1BA$760
Riverstone Court Apartments - Beechmont AveOne Bedroom-5571 Beechmont1BR,1BA$870
2351 Beechmont Ave.2323 #21BR,1BA$899
1923 Sutton Ave1 bedroom1BR,1BA$899
2323 Beechmont Ave1 Bed1BR,1BA$899
Beechmont Bluffs1 Bedroom with balcony1BR,1BA$900
Sutton Avenue Apartments1 - Partially Renovated1BR,1BA$915
Washington House ApartmentsOne Bedroom1BR,1BA$950
Beechmont Towers Apartments1 Bedroom1BR,1BA$975

Best Value Apartments for Rent in Melbourne, KY and Nearby

As of December 22, 2025 the best value apartment in the Melbourne area is the $1.24 price per square foot 3 Bedroom 1 Bathroom Model at Immaculate Townhomes in the in the Forestville neighborhood starting from $1,730. The second greatest value Melbourne apartment is the 3 Bedroom Model at Beechmont Towers Apartments starting at $1,550 with a $1.41 price per square foot in the California 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.
Immaculate Townhomes3 Bedroom 1 Bathroom3BR,1BA$1.24
Beechmont Towers Apartments3 Bedroom3BR,2BA$1.41
Norse Landing2 Bedroom, 1 Bath 1,000SqFt2BR,1BA$1.18
Glen Hollow2 bed 2 bath2BR,2BA$1.34
Stone Creek ApartmentsBrand New Renovated Two Bedrooms2BR,1BA$1.28
Beacon Tower2 BR2BR,1BA$1.33
Washington House ApartmentsTwo Bedroom2BR,1BA$1.33
Timber TrailsELM ll2BR,1BA$1.11
Brandychase Apartments1BR/1BA W/DEN1BR,1BA$1.36
Mears Place Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.38

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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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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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

Ranked #

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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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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Getting Around Melbourne, KY

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

12 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Melbourne Apartments

What is the Cheapest Studio apartment in Melbourne?

Currently the most affordable Cheap Studio Apartment in Melbourne is at Mary Ingles Place listed at $600.

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

The lowest price for a Cheap One Bedroom Melbourne Apartment is $870 at Riverstone Court Apartments - Beechmont Ave.

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 $995 at Timber Trails.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Blue Valley Flats and starts from $1,349.

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

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.