Cheap Apartments for Rent in Melbourne, IA

1 rentals

  • 606 Hooper St #B, Melbourne, IA 50162
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    APPLY INSTANTLY
    $700/mo
    2 Beds
    1 Bath
    692 sqft
    606 Hooper St #B,
    Melbourne, IA 50162

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    Melbourne
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Apartments For Rent Near Melbourne, IA

We found 30 more apartments matching your filters just outside Melbourne

Average Rent Trends in Melbourne, IA

Rent in Melbourne, IA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Apr 2025$775
May 2025$775
Jun 2025$775
Jul 2025$775
Oct 2025$595
Nov 2025$636
Dec 2025$550
Feb 2026$695
Mar 2026$700
Apr 2026$700
Sep 2026$588
Oct 2026$700
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types—$700——$700
Apartments and Condos—$700——$700
See more information about local market trends in Melbourne, IA

Frequently Asked Questions about Rentals in Melbourne, IA

  • What is the average rent of an apartment in Melbourne, IA?
    The average rent of an apartment in Melbourne, IA is $700 per month. This is about 64% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Melbourne, IA?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $550 per month.
  • How many cheap apartments are available in Melbourne, IA?
    There are 1 apartments to rent that are cheaper than the city’s average rent of $700.
  • When is the average rent most expensive in Melbourne, IA?
    In the last year, the average rent in Melbourne, IA was highest in Jan 2025 when it was $775 per month.
  • What are some zip codes in Melbourne, IA?
    Melbourne, IA includes zip codes such as: 50162.
  • What are some cities near Melbourne, IA?
    Some nearby cities include: Haverhill, Rhodes, Laurel, State Center, Baxter. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Melbourne, IA - 200 Rentas | Trulia