Cheap Apartments for Rent in Melbourne, KY from $600 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Melbourne.

Sonsrena Apartments

2323 Beechmont Ave

Sutton Place Apartments and Townhomes

Riverstone Court Apartments - Beechmont Ave

Timber Trails

Arborstone Apartments
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.

Sutton Avenue Apartments

2351 Beechmont Ave.

Washington House Apartments

Blue Valley Flats

Beechmont Towers Apartments

Harbour Cove Apartments

Campus View

Stone Creek 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.

The Alcove of Turpin Hills

Mears Place Apartments

Norse Landing

Creekside at Anderson

Highland Ridge
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.

920 Washington Ave

1524 Beacon St

2012 Mackoy St

422 6th Ave
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.
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 | $875 | $799 | $1,001 |
Melbourne 1 Bedroom Apartments | $1,265 | $640 | $1,915 |
Melbourne 2 Bedroom Apartments | $1,840 | $925 | $5,700 |
Melbourne 3 Bedroom Apartments | $1,788 | $1,405 | $3,000 |
Browse Top Apartments in Melbourne
See all Apartments in MelbourneExplore Melbourne
Melbourne, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- 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 Riverstone Court Apartments - Beechmont Ave in the California neighborhood priced from $850. Timber Trails in the Liberty Crossing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Melbourne apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $850 |
Timber Trails | ASH | 1BR,1BA | $875 |
The Roxbury | 1BR/1.0BA | 1BR,1BA | $895 |
Arborstone Apartments | One Bed w/ Office | 1BR,1BA | $899 |
Sutton Avenue Apartments | 1 - Partially Renovated | 1BR,1BA | $915 |
2323 Beechmont Ave | 1 Bed | 1BR,1BA | $925 |
2351 Beechmont Ave. | 2323 #2 | 1BR,1BA | $925 |
Sutton Place Apartments and Townhomes | 1 Bed Row | 1BR,1BA | $925 |
Washington House Apartments | One Bedroom | 1BR,1BA | $950 |
Blue Valley Flats | 1 Bedroom 1 Bath | 1BR,1BA | $989 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of September 08, 2025 the best value apartment in the Melbourne area is the $1.52 price per square foot C2- Campion Model at Elevation in the in the Northern Kentucky neighborhood starting from $1,795. The second greatest value Melbourne apartment is the 2BR/2BA STANDARD Model at Brandychase Apartments starting at $1,400 with a $1.43 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. |
---|---|---|---|
Elevation | C2- Campion | 2BR,2BA | $1.52 |
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 |
Beacon Tower | 2 BR | 2BR,1BA | $1.33 |
Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.35 |
Blue Valley Flats | 1 Bedroom 1 Bath | 1BR,1BA | $1.49 |
Timber Trails | ASH | 1BR,1BA | $1.37 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $1.48 |
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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
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 $850 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 $960 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 $1,405.
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.

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.

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.