Cheap Apartments for Rent in 32940
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SPECIAL OFFERPET FRIENDLYTotal price$1,611 - $2,608/mo
1-3 Beds
1-2 BathsMarisol at Viera | 2439 Casona Ln,
Melbourne, FL 32940
NEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY
SPECIAL OFFER
APPLY INSTANTLYPET FRIENDLY
PET FRIENDLYTotal price$1,665 - $2,601/mo1-3 Beds1-2 BathsArtisan at Viera | 2560 Judge Fran Jamieson Way,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLY$1,665 - $2,130/mo1-2 Beds1-2 BathsHighlands Viera West | 2185 Judge Fran Jamieson Way,
Melbourne, FL 32940
PET FRIENDLYTotal price$1,674 - $2,834/mo1-3 Beds1-2 BathsThe Pearl of Viera | 2434 Metfield Dr,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
NEW - 2 DAYS AGO
APPLY INSTANTLY
SPECIAL OFFERPET FRIENDLY$1,813 - $2,660/mo1-3 Beds1-2 BathsCentre Pointe Apartments | 6705 Shadow Creek Trl,
Melbourne, FL 32940
PET FRIENDLYFURNISHED
APPLY INSTANTLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLYTotal price$2,015 - $3,605/mo1-2 Beds1-3 BathsRise Viera 55+ Active Adult Apartment Homes | 8353 Auterra Dr,
Melbourne, FL 32940
PET FRIENDLYFURNISHED
PET FRIENDLY
NEW - 2 DAYS AGOPET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
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Average Rent Trends in 32940
Rent in 32940 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,400 |
| Nov 2025 | $2,450 |
| Dec 2025 | $2,400 |
| Jan 2026 | $2,419 |
| Feb 2026 | $2,456 |
| Mar 2026 | $2,400 |
| Apr 2026 | $2,400 |
| May 2026 | $2,350 |
| Jun 2026 | $2,430 |
| Jul 2026 | $2,500 |
| Aug 2026 | $2,533 |
| Sep 2026 | $2,550 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,700 | $1,995 | $2,700 | $3,100 | $2,500 |
| Townhomes | $1,800 | $1,890 | $2,650 | — | $1,900 |
| Apartments and Condos | $1,500 | $1,900 | $2,000 | — | $1,850 |
| Houses | — | $1,800 | $2,850 | $3,100 | $3,081 |
Frequently Asked Questions about Rentals in 32940
- What is the average rent of an apartment in 32940?The average rent of an apartment in 32940 is $2,209 per month. This is about 13% higher than the national average.
- What are the cheapest months to find an apartment to rent in 32940?Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $2,400 per month.
- How many cheap apartments are available in 32940?There are 45 apartments to rent that are cheaper than the city’s average rent of $2,500.
- When is the average rent most expensive in 32940?In the last year, the average rent in 32940 was highest in Jun 2025 when it was $2,523 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 32940?The average rent of a 1 bedroom apartment in 32940 is $1,700 per month. That is about $65 more than the cost of a studio apartment.
- What are some cities near 32940?Some nearby cities include: Rockledge, Melbourne, Palm Shores, Melbourne Village, West Melbourne, Satellite Beach. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 32940 - 266 Rentas | Trulia