Cheap Apartments for Rent in Melbourne, FL
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SPECIAL OFFERPET FRIENDLY$1,095 - $1,449/mo
Studio-2 Beds
1 BathMeadowdale Apartments | 248 E University Blvd,
Melbourne, FL 32901
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SPECIAL OFFERPET FRIENDLY$1,194 - $1,948/moStudio-3 Beds1-3 BathsLake in the Woods Apartments | 333 Lake In The Woods Dr,
Melbourne, FL 32901
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,239 - $1,824/mo1-2 Beds1-2 BathsSavannahs at James Landing | 3051 Savannah Way,
Melbourne, FL 32935
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Average Rent Trends in Melbourne, FL
Rent in Melbourne, FL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Oct 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $2,068 |
| Dec 2025 | $1,957 |
| Jan 2026 | $2,008 |
| Feb 2026 | $1,955 |
| Mar 2026 | $1,920 |
| Apr 2026 | $1,977 |
| May 2026 | $1,911 |
| Jun 2026 | $1,950 |
| Jul 2026 | $1,981 |
| Aug 2026 | $1,929 |
| Sep 2026 | $1,967 |
| Oct 2026 | $1,984 |
Average Rent By Bedroom and Home Type
In October 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 | $1,450 | $1,750 | $2,150 | $2,500 | $1,973 |
| Townhomes | $1,250 | $1,800 | $2,200 | $2,950 | $2,000 |
| Apartments and Condos | $1,350 | $1,650 | $2,000 | $866 | $1,725 |
| Houses | $1,400 | $1,850 | $2,150 | $2,453 | $2,200 |
Frequently Asked Questions about Rentals in Melbourne, FL
- What is the average rent of an apartment in Melbourne, FL?The average rent of an apartment in Melbourne, FL is $1,794 per month. This is about 8% lower than the national average.
- What are the cheapest months to find an apartment to rent in Melbourne, FL?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,957 per month.
- How many cheap apartments are available in Melbourne, FL?There are 185 apartments to rent that are cheaper than the city’s average rent of $1,973.
- When is the average rent most expensive in Melbourne, FL?In the last year, the average rent in Melbourne, FL was highest in Jul 2025 when it was $2,100 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Melbourne, FL?The average rent of a 1 bedroom apartment in Melbourne, FL is $1,450 per month. That is about $351 more than the cost of a studio apartment.
- What colleges and universities are in Melbourne, FL?Colleges and universities in Melbourne, FL include: Florida Institute of Technology.
- What are some neighborhoods in Melbourne, FL?Some neighborhoods in Melbourne, FL include: June Park, Viera West.
- What are some zip codes in Melbourne, FL?
- What are some cities near Melbourne, FL?Some nearby cities include: Melbourne Village, Palm Shores, West Melbourne, Indian Harbour Beach, Satellite Beach. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Melbourne, FL - 890 Rentas | Trulia