
Cheap Homes for Rent in Melbourne, KY from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.


1524 Beacon St

422 6th Ave

768 E 10th St

4303 Decoursey Ave

121 E 32nd St

2791 Madison Ave

556 Aspen Glen Dr

1605 Banklick St

2730 Dakota Ave

2823 Madison Ave

724 Ohio Pike

32 Kyles Ln
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 | $1,645 | $1,395 | $2,000 |
Melbourne 3 Bedroom Homes for Rent | $2,134 | $1,345 | $5,900 |
Melbourne 4 Bedroom Homes for Rent | $2,493 | $1,800 | $3,100 |
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 6115-6126 Plymouth Avenue 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 |
---|---|---|---|
6115-6126 Plymouth Avenue | Studio | Studio,1BA | $799 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $850 |
Timber Trails | ASH | 1BR,1BA | $875 |
The Roxbury | 1BR/1.0BA | 1BR,1BA | $895 |
Arborstone Apartments | One Bed w/ Office | 1BR,1BA | $899 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of September 16, 2025 the best value apartment in the Melbourne area is the $1.31 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 $1,570. 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 | 3 Bedroom, 1.5 Bath Duplex 1,200SqFt | 3BR,1.5BA | $1.31 |
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 |
Beacon Tower | 2 BR | 2BR,1BA | $1.33 |
Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
The Reserves on Beacon Hill | 2x1 | 2BR,1BA | $1.45 |
Harbour Cove Apartments | Small/ 2 Bedroom | 2BR,1BA | $1.35 |
Timber Trails | ASH | 1BR,1BA | $1.37 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $1.48 |
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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 $615 to $5,700. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $800 to $5,900.
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 $5,900 with an average monthly rent of $1,616.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.