Cheap Homes for Rent in Melbourne, KY from $800 (12 Rentals)

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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 1 Bed unit found at Mary Ingles Place in the Outer Southeast Hamilton neighborhood priced from $600. Riverstone Court Apartments - Beechmont Ave in the Columbia Tusculum neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Ingles PlaceSTUDIO1BR,1BA$600
Riverstone Court Apartments - Beechmont AveOne Bedroom-5615 Beechmont1BR,1BA$850
The Roxbury1BR/1.0BA1BR,1BA$895
Arborstone ApartmentsOne Bed w/ Office1BR,1BA$899
2332 BeechmontB1BR,1BA$899

Best Value Apartments for Rent in Melbourne, KY and Nearby

As of June 11, 2025 the best value apartment in the Melbourne area is the $1.37 price per square foot 2 Bedroom, 1.5 Bath Duplex with Den 1,200SqFt Model at Norse Landing in the in the Saylor Woods neighborhood starting from $1,645. The second greatest value Melbourne apartment is the 2 Bedroom 1 Bathroom Model at Immaculate Townhomes starting at $1,400 with a $1.40 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.
Norse Landing2 Bedroom, 1.5 Bath Duplex with Den 1,200SqFt2BR,1.5BA$1.37
Immaculate Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.40
Brandychase Apartments2BR/2BA STANDARD2BR,2BA$1.43
Stone Creek ApartmentsBrand New Renovated Two Bedrooms2BR,1BA$1.17
Beechmont Towers Apartments2 Bedroom2BR,1BA$1.32
Creekside at Anderson2 Bedroom/ Remodeled2BR,1.5BA$1.43
Washington House ApartmentsTwo Bedroom2BR,1BA$1.33
Mears Place Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.35
Beacon Tower1 Bedroom1BR,1BA$1.17
Harbour Cove ApartmentsSmall/ 2 Bedroom2BR,1BA$1.35

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Frequently Asked Questions about Melbourne

What type of rentals are currently available in Melbourne?

There are currently 47 Apartments for Rent in Melbourne, KY with pricing that ranges from $600 to $5,700. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $850 to $8,500.

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 $850 to $8,500 with an average monthly rent of $1,913.

How much are larger Three and Four Bedroom Rentals in Melbourne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melbourne range from $1,509 to $2,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,800.

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.

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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.