
Cheap Homes for Rent in Melbourne, KY from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.


3715 Park Ave

920 Washington Ave

5247 4 Mile Rd

2630 Crisnic Ct

76 Apple Ln
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

606 Queensway Ct

1315 Paxton Ave

2730 Dakota Ave

2823 Madison Ave

724 Ohio Pike

726 Ohio Pike

124 16th St
Cash 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.

620 6th Ave
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 | $1,560 | $1,200 | $2,395 |
Melbourne 3 Bedroom Homes for Rent | $2,574 | $1,650 | $6,000 |
Melbourne 4 Bedroom Homes for Rent | $2,375 | $1,695 | $3,075 |
Melbourne 5 Bedroom Homes for Rent | $2,997 | $2,000 | $3,995 |
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melbourne Apartments for Rent and Nearby
 The cheapest available apartment rental in Melbourne, KY is a Studio unit found at 2351 Beechmont Ave. in the California neighborhood priced from $799. Riverstone Court Apartments - Beechmont Ave in the California 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
2351 Beechmont Ave. | 2323 #9 | Studio,1BA | $799 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $850 |
Arborstone Apartments | One Bed w/ Office | 1BR,1BA | $899 |
1923 Sutton Ave | 1 bedroom | 1BR,1BA | $899 |
Beechmont Bluffs | 1 Bedroom without a balcony | 1BR,1BA | $900 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of July 31, 2025 the best value apartment in the Melbourne area is the $1.18 price per square foot 2 Bedroom, 1 Bath 1,000SqFt Model at Norse Landing in the in the Northern Kentucky neighborhood starting from $1,180. The second greatest value Melbourne apartment is the 2BR/2BA STANDARD Model at Brandychase Apartments starting at $1,400 with a $1.43 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 | 2 Bedroom, 1 Bath 1,000SqFt | 2BR,1BA | $1.18 |
Brandychase Apartments | 2BR/2BA STANDARD | 2BR,2BA | $1.43 |
Stone Creek Apartments | Brand New Renovated Two Bedrooms | 2BR,1BA | $1.17 |
Beechmont Towers Apartments | 2 Bedroom | 2BR,1BA | $1.32 |
Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
Beacon Tower | 1 Bedroom | 1BR,1BA | $1.17 |
Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.35 |
Highland Ridge | Sunset | 1BR,1BA | $1.49 |
Sutton Avenue Apartments | 1 - Partially Renovated | 1BR,1BA | $1.46 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $1.48 |
Quick 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.
Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 46 Apartments for Rent in Melbourne, KY with pricing that ranges from $640 to $5,700. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $800 to $6,000.
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 $800 to $6,000 with an average monthly rent of $2,007.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.