933-937 Highland Ave
Fort WrightKY41011
Cheap Homes for Rent in Melbourne, KY from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.
1822 Pearl St
CovingtonKY41014
4368 Eastern Ave
CincinnatiOH45226
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.
543 Aspen Glen Dr
CincinnatiOH45244
620 6th Ave
DaytonKY41074
835 York St
NewportKY41071
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.
2791 Madison Ave
CovingtonKY41015
Showing Results 1-7, Page 1 of 1
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 | $1,893 | $1,195 | $3,200 |
| Melbourne 3 Bedroom Homes for Rent | $2,299 | $1,950 | $3,000 |
| Melbourne 4 Bedroom Homes for Rent | $3,196 | $2,150 | $8,995 |
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 1 Bed unit found at The Manor in the California neighborhood priced from $800. The Roxbury in the California neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. 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 |
| The Roxbury | 1 Bedroom 1 Bath - 64376 | 1BR,1BA | $830 |
| Riverstone Court Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $870 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of June 09, 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 Northern Kentucky 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 |
| Beechmont Towers Apartments | 3 Bedroom | 3BR,2BA | $1.41 |
| 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 |
| Timber Trails | ELM l | 2BR,1BA | $1.26 |
| Mears Place Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.38 |
| 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 Article
Real 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
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.
Let everyone know!
Do you know the Melbourne area?
If you’re an expert on all things Melbourne, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 53 Apartments for Rent in Melbourne, KY with pricing that ranges from $615 to $3,150. There are also 35 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 $2,043.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.