
Cheap Homes for Rent near Melbourne, KY from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.


6366 Corbly Rd

1120 King Louis Ct

1735 Eastern Ave

313 E 11th St

2422 Warren 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.

132 Evergreen Ave

310 E 16th St

24 Woodland Hills Dr

76 View Terrace Dr

2791 Madison Ave

3321 Carlisle Ave
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.
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 | $1,700 | $995 | $3,100 |
| Melbourne 3 Bedroom Homes for Rent | $2,005 | $1,295 | $2,500 |
| Melbourne 4 Bedroom Homes for Rent | $3,082 | $1,845 | $8,995 |
| Melbourne 5 Bedroom Homes for Rent | $1,875 | $1,875 | $1,875 |
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 California 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 |
| Arborstone Apartments | One Bed | 1BR,1BA | $899 |
| 2351 Beechmont Ave. | 1 Bed | 1BR,1BA | $899 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of July 25, 2026 the best value apartment in the Melbourne area is the $1.34 price per square foot 3x2.5 Model at Anderson Grove Townhomes in the in the Liberty Crossing neighborhood starting from $2,350. The second greatest value Melbourne apartment is the 3 Bedroom, 1.5 Bath Duplex 1,200SqFt Model at Norse Landing starting at $1,615 with a $1.35 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 | $1.34 |
| 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 | $1.33 |
| 1809-1813 Mears Ave | 2bed, 2bath | 2BR,2BA | $1.05 |
| Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
| Mears Place Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.38 |
| 2500 Place | 2BR Davenport | 2BR,1.5BA | $1.26 |
| Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.38 |
| The Manor | The Manor | 1BR,1BA | $1.07 |
| 2351 Beechmont Ave. | 5462 | 1BR,1BA | $1.41 |
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 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.
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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 $615 to $3,200. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $985 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 $985 to $8,995 with an average monthly rent of $2,074.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.