Cheap Apartments for Rent in 32940
92 rentals
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NEW - 2 DAYS AGOPET FRIENDLY
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PET FRIENDLY$1,535 - $1,870/mo
1-2 Beds
1-2 BathsLakes at Suntree | 201 Plantation Club Dr #110,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLYTotal price$1,585 - $2,426/mo1-3 Beds1-2 BathsMarisol at Viera | 2439 Casona Ln #3307,
Melbourne, FL 32940
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PET FRIENDLY$1,665 - $2,375/mo1-3 Beds1-2 BathsHighlands Viera West | 2185 Judge Fran Jamieson Way #1-309,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLY$1,699 - $2,269/mo1-3 Beds1-2 BathsVia Tuscany Apartments | 300 Tuscany Way #302,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLY$1,700 - $2,475/mo1-3 Beds1-2 BathsLegacy at Oakwood Landing | 2705 Bosque Cir #8-205,
Melbourne, FL 32940
SPECIAL OFFERPET FRIENDLY$1,714 - $2,914/mo1-3 Beds1-2 BathsCentre Pointe Apartments | 6705 Shadow Creek Trl #4205,
Melbourne, FL 32940
PET FRIENDLYTotal price$1,724 - $2,609/mo1-3 Beds1-2 BathsArtisan at Viera | 2560 Judge Fran Jamieson Way #3120,
Melbourne, FL 32940
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLYTotal price$1,752 - $3,632/mo1-3 Beds1-2 BathsAddison Square | 7578 Highsmith Rd #1307,
Melbourne, FL 32940
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,523 |
| Jul 2025 | $2,521 |
| Aug 2025 | $2,476 |
| Sep 2025 | $2,500 |
| Oct 2025 | $2,400 |
| Nov 2025 | $2,450 |
| Dec 2025 | $2,400 |
| Jan 2026 | $2,419 |
| Feb 2026 | $2,455 |
| Mar 2026 | $2,400 |
| Apr 2026 | $2,400 |
| May 2026 | $2,350 |
Average Rent By Bedroom and Home Type
In May 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 | $1,556 | $1,951 | $2,703 | $3,350 | $2,395 |
| Townhomes | $1,800 | $1,900 | $3,100 | — | $2,400 |
| Apartments and Condos | $1,400 | $1,700 | $2,200 | $3,956 | $1,600 |
| Houses | $1,432 | $1,875 | $2,800 | $3,350 | $2,850 |
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 $2,138 per month. This is about 11% higher than the national average.
- What is the average rent of a house in 32940?The average rent of a house in 32940 is $2,850 per month. This is about 48% higher than the national average.
- What is the average rent of a townhome in 32940?The average rent of a townhome in 32940 is $2,400 per month. This is about 24% higher than the national average.
- When is the average rent cheapest in 32940?In the last year, the average rent in 32940 was lowest in Apr 2025 when it was $2,400 per month.
- 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 $1,556 per month. That is about $39 less than the cost of a studio apartment.
- How many available rental listings are in 32940?There are 101 available rental listings in 32940.
- 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.