Cheap Apartments for Rent in Melbourne, KY from $600 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Melbourne.

5247 4 Mile Rd

Sonsrena Apartments

Sutton Place Apartments and Townhomes

2351 Beechmont Ave.

Riverstone Court Apartments - Beechmont Ave

The Roxbury

Arborstone Apartments
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.

Sutton Avenue Apartments

Washington House Apartments

Beechmont Towers Apartments

37 Towanda Dr

Timber Trails

Highland Ridge
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.

The Reserves on Beacon Hill

1824 Mears Ave

Harbour Cove Apartments

Blue Valley Flats

Stone Creek Apartments

Brookstone Crossing Apartments

Creekside at Anderson

Norse Landing

The Alcove of Turpin Hills
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1140 King Louis Ct

3893 Bennett Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1524 Beacon St
Melbourne, KY Local Guide

How much does it cost to rent an apartment in Melbourne?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melbourne Studio Apartments | $999 | $750 | $1,340 |
Melbourne 1 Bedroom Apartments | $1,291 | $615 | $2,200 |
Melbourne 2 Bedroom Apartments | $1,873 | $925 | $5,700 |
Melbourne 3 Bedroom Apartments | $1,743 | $1,325 | $2,395 |
Browse Top Apartments in Melbourne
See all Apartments in MelbourneExplore Melbourne
Melbourne, KY Local Guide
- Nearby Cities
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- School Districts
Cheapest Available Melbourne Apartments for Rent and Nearby
 The cheapest available apartment rental in Melbourne, KY is a 1 Bed unit found at Mary Ingles Place in the California neighborhood priced from $615. 2351 Beechmont Ave. in the California neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Melbourne apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mary Ingles Place | STUDIO | 1BR,1BA | $615 |
2351 Beechmont Ave. | 2323 #9 | Studio,1BA | $799 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $850 |
Arborstone Apartments | One Bed w/ Office | 1BR,1BA | $899 |
Beechmont Bluffs | 1 Bedroom without a balcony | 1BR,1BA | $900 |
Sutton Avenue Apartments | 1 - Partially Renovated | 1BR,1BA | $915 |
Washington House Apartments | One Bedroom | 1BR,1BA | $950 |
Beacon Tower | 1 Bedroom | 1BR,1BA | $995 |
Timber Trails | ASH | 1BR,1BA | $1,045 |
Beechmont Towers Apartments | 1 Bedroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of July 13, 2025 the best value apartment in the Melbourne area is the $1.43 price per square foot 2BR/2BA STANDARD Model at Brandychase Apartments in the in the Liberty Crossing neighborhood starting from $1,400. The second greatest value Melbourne apartment is the Brand New Renovated Two Bedrooms Model at Stone Creek Apartments starting at $1,125 with a $1.17 price per square foot in the Liberty Crossing 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. |
---|---|---|---|
Brandychase Apartments | 2BR/2BA STANDARD | 2BR,2BA | $1.43 |
Stone Creek Apartments | Brand New Renovated Two Bedrooms | 2BR,1BA | $1.17 |
Beechmont Towers Apartments | 2 Bedroom | 2BR,1BA | $1.32 |
Creekside at Anderson | 2 Bedroom/ Remodeled | 2BR,1.5BA | $1.43 |
Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
Waterbury Apartments | WB 2/1 | 2BR,1BA | $1.43 |
Beacon Tower | 1 Bedroom | 1BR,1BA | $1.17 |
Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.35 |
1824 Mears Ave | 2 Bed | 2BR,1.5BA | $1.45 |
Sutton Avenue Apartments | 1 - Partially Renovated | 1BR,1BA | $1.46 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Melbourne, KY Rentals by Map
See the most popular apartments and homes in Melbourne, KY
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
How much is rent for a Cheap One Bedroom Melbourne Apartment?
The lowest price for a Cheap One Bedroom Melbourne Apartment is $615 at Mary Ingles Place.
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 $1,099 at Arborstone Apartments.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.