Cheap Apartments for Rent in Melbourne, KY from $675 (52 Rentals)

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Mary Ingles Place
Studio to 1 Bedroom Apartments

Mary Ingles Place

5316 Mary Ingles HwyMelbourne, KY 41059

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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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2323 Beechmont Ave
Studio to 1 Bedroom Apartments

2323 Beechmont Ave

2323 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
  • Utilities Included
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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
  • Utilities Included

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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Waterbury Apartments
Studio to 2 Bedroom Apartments

Waterbury Apartments

4140 Mount Carmel Tobasco RdCincinnati, OH 45255
Corporate Housing
  • Utilities Included
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Beech Crown Apartments
2 to 3 Bedroom Apartments

Beech Crown Apartments

2346-2350 Beechmont AveCincinnati, OH 45230
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1824 Mears Ave
1 to 3 Bedroom Apartments

1824 Mears Ave

1824 Mears AveCincinnati, OH 45230
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2351 Beechmont Ave.
Studio to 2 Bedroom Apartments

2351 Beechmont Ave.

2351 Beechmont AveCincinnati, OH 45230
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Arbors of Anderson
1 to 3 Bedroom Apartments

Arbors of Anderson

4037 Mt Carmel Tobasco RdCincinnati, OH 45255

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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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 Outer Southeast Hamilton neighborhood priced from $615. 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$615
The ManorThe Manor1BR,1BA$800
Riverstone Court Apartments1 Bedroom 1 Bathroom1BR,1BA$870
Beechmont Bluffs1 Bedroom with balcony1BR,1BA$900
Sutton Avenue Apartments1 - Partially Renovated1BR,1BA$915
The Roxbury1 Bed1BR,1BA$925
Arborstone ApartmentsOne Bed1BR,1BA$925
6060 Colter AveOne Bedroom1BR,1BA$925
Blue Valley Flats1 Bedroom 1 Bath1BR,1BA$950
Timber TrailsASH1BR,1BA$964

Best Value Apartments for Rent in Melbourne, KY and Nearby

As of September 06, 2026 the best value apartment in the Melbourne area is the $1.36 price per square foot 3x2.5 Model at Anderson Grove Townhomes in the in the Liberty Crossing neighborhood starting from $2,400. The second greatest value Melbourne apartment is the Eden Model at Stonegate Apartments starting at $1,650 with a $1.18 price per square foot in the Forestville 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$1.36
Stonegate ApartmentsEden2BR,1.5BA$1.18
Norse Landing2 Bedroom, 1.5 Bath Duplex with Den 1,200SqFt2BR,1.5BA$1.41
Carriage Station Townhomes - CSTTH B2BR,1.5BA$1.35
Stone Creek ApartmentsBrand New Renovated Two Bedrooms2BR,1BA$1.33
1809-1813 Mears Ave2bed, 2bath2BR,2BA$1.05
2351 Beechmont Ave.5462 2 Bed2BR,1BA$1.34
Washington House ApartmentsTwo Bedroom2BR,1BA$1.33
Harbour Cove ApartmentsSmall/ 2 Bedroom2BR,1BA$1.38
The ManorThe Manor1BR,1BA$1.07

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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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.

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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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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 $960 at Riverstone Court Apartments.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Norse Landing and starts from $1,615.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.