
Cheap Homes for Rent near Melbourne, KY from $825 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.


933-937 Highland Ave

1527 Greenup St

6366 Corbly Rd

1838 Holman St
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.

424 6th Ave

621 E 18th St

629 Grand Ave

14 E 29th St

401 E 15th St
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.

2411 Herman St
Melbourne, KY Local Guide

How much does it cost to rent a home in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne 2 Bedroom Homes for Rent | $1,580 | $1,050 | $3,100 |
| Melbourne 3 Bedroom Homes for Rent | $1,990 | $1,095 | $2,950 |
| Melbourne 4 Bedroom Homes for Rent | $3,715 | $1,995 | $8,995 |
Browse Top Homes for Rent in Melbourne
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Melbourne, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary Ingles Place | STUDIO | Studio,1BA | $615 |
| The Manor | The Manor | 1BR,1BA | $800 |
| Riverstone Court Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $870 |
| 1923 Sutton Ave | 1 bedroom | 1BR,1BA | $899 |
| Beechmont Bluffs | 1 Bedroom with balcony | 1BR,1BA | $900 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of September 08, 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 2 Bedroom, 1.5 Bath Duplex with Den 1,200SqFt Model at Norse Landing starting at $1,690 with a $1.41 price per square foot in the Campbell County 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. |
|---|---|---|---|
| Anderson Grove Townhomes | 3x2.5 | 3BR,2.5BA | $1.36 |
| Norse Landing | 2 Bedroom, 1.5 Bath Duplex with Den 1,200SqFt | 2BR,1.5BA | $1.41 |
| Carriage Station Townhomes - CST | TH B | 2BR,1.5BA | $1.35 |
| Stone Creek Apartments | Brand New Renovated Two Bedrooms | 2BR,1BA | $1.33 |
| 1809-1813 Mears Ave | 2bed, 2bath | 2BR,2BA | $1.05 |
| 2351 Beechmont Ave. | 5462 2 Bed | 2BR,1BA | $1.34 |
| Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
| 1923 Sutton Ave | 1 bedroom | 1BR,1BA | $1.00 |
| Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.38 |
| The Manor | The Manor | 1BR,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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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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
Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 54 Apartments for Rent in Melbourne, KY with pricing that ranges from $675 to $3,529. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $825 to $8,995.
What is the current price range for Rental Homes in Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $825 to $8,995 with an average monthly rent of $1,898.
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

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.

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.

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.

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.