102 E Main St
AmeliaOH45102
Cheap Homes for Rent in Melbourne, KY from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
933-937 Highland Ave
Fort WrightKY41011
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.
1822 Pearl St
CovingtonKY41014
2422 Warren St
CovingtonKY41014
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.
847 Central Ave
NewportKY41071
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Melbourne, KY Local Guide
Kentucky welcome sign by Doug Kerr is licensed under CC BY 2.0
How much does it cost to rent a home in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne 2 Bedroom Homes for Rent | $1,822 | $865 | $3,200 |
| Melbourne 3 Bedroom Homes for Rent | $2,422 | $1,650 | $3,200 |
| Melbourne 4 Bedroom Homes for Rent | $3,956 | $1,995 | $8,995 |
| Melbourne 5 Bedroom Homes for Rent | $2,197 | $2,000 | $2,395 |
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 1 Bed unit found at The Manor in the California neighborhood priced from $800. Riverstone Court Apartments - Beechmont Ave in the California neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Melbourne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Manor | The Manor | 1BR,1BA | $800 |
| Riverstone Court Apartments - Beechmont Ave | One Bedroom-5571 Beechmont | 1BR,1BA | $870 |
| Arborstone Apartments | One Bed | 1BR,1BA | $899 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of April 25, 2026 the best value apartment in the Melbourne area is the $1.35 price per square foot 3 Bedroom, 1.5 Bath Duplex 1,200SqFt Model at Norse Landing in the in the Northern Kentucky neighborhood starting from $1,615. The second greatest value Melbourne apartment is the Brand New Renovated Two Bedrooms Model at Stone Creek Apartments starting at $1,225 with a $1.28 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. |
|---|---|---|---|
| Norse Landing | 3 Bedroom, 1.5 Bath Duplex 1,200SqFt | 3BR,1.5BA | $1.35 |
| Stone Creek Apartments | Brand New Renovated Two Bedrooms | 2BR,1BA | $1.28 |
| 1809-1813 Mears Ave | 2bed, 2bath | 2BR,2BA | $1.05 |
| Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
| 1923 Sutton Ave | 1 bedroom | 1BR,1BA | $1.00 |
| Mears Place Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.38 |
| Beacon Tower | 1 Bedroom | 1BR,1BA | $1.17 |
| Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.38 |
| The Roxbury | 2 Bedroom 1 Bath - 45148 | 2BR,1BA | $1.33 |
| The Manor | The Manor | 1BR,1BA | $1.07 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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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 52 Apartments for Rent in Melbourne, KY with pricing that ranges from $675 to $3,075. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $865 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 $865 to $8,995 with an average monthly rent of $2,195.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.