Cheap Apartments for Rent in Melbourne, AR from $400 (44 Rentals)

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West End Social
Studio Apartments

West End Social

1350 Hwy 62 WMountain Home, AR 72653
  • Utilities Included
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Grand Apartments
1 to 2 Bedroom Apartments

Grand Apartments

38 Wall StMountain Home, AR 72653
  • Utilities Included
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Melbourne, AR Local Guide

Cheapest Available Melbourne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melbourne, AR is a 1 Bed unit found at Breckenridge Apartments priced from $545. Cadron Commons has the second lowest priced unit, which is a Studio apartment currently listed from $545. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Breckenridge ApartmentsBreckenridge - 1 Bed 1 Bath with W/D Hookup1BR,1BA$545
Cadron CommonsStudioStudio,1BA$545
Spring River CommonsStudioStudio,1BA$675
The Flats Apartments1 Bed 1 Bath1BR,1BA$725
West Towne Apartments2 Bed2BR,1BA$725
The Oak Townhomes2 Bed 1.5 Bath - Malerie St2BR,1BA$750
Black River StudiosStudioStudio,1BA$750
Grand Oak Place2x12BR,1BA$795
Tara Apartments2 brdroom2BR,1BA$800
Creekside Village Townhomes2 Bedroom Townhome2BR,1BA$829

Best Value Apartments for Rent in Melbourne, AR and Nearby

As of March 26, 2025 the best value apartment in the Melbourne area is the $0.67 price per square foot 1501 Model at 2700 Burke Ave in the starting from $1,200. The second greatest value Melbourne apartment is the 2 Bed 1.5 Bath - Malerie St Model at The Oak Townhomes starting at $750 with a $0.63 price per square foot . Here is today’s list of the best values for Melbourne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2700 Burke Ave15012BR,1.5BA$0.67
The Oak Townhomes2 Bed 1.5 Bath - Malerie St2BR,1.5BA$0.63
West Towne Apartments2 Bed2BR,1.5BA$0.78
Breckenridge ApartmentsBreckenridge - 2 Bed 2 Bath with W/D Hookup2BR,2BA$0.91
Creekside Village Townhomes2 Bedroom Townhome2BR,1BA$0.98
Parkside1 bedroom1BR,1BA$1.10
Tara Apartments2 brdroom2BR,1BA$1.07
Grand Oak Place2x12BR,1BA$1.08
The Flats Apartments1 Bed 1 Bath1BR,1BA$1.12
Cadron CommonsStudioStudio ,1BA$1.06

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Getting Around Melbourne, AR

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

24 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Melbourne Apartments

What is the Cheapest Studio apartment in Melbourne?

Currently the most affordable Cheap Studio Apartment in Melbourne is at Cadron Commons listed at $545.

How much is rent for a Cheap One Bedroom Melbourne Apartment?

The lowest price for a Cheap One Bedroom Melbourne Apartment is $545 at Breckenridge Apartments.

What is the lowest price for a Cheap Two Bedroom Melbourne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melbourne is starting from $565 at Breckenridge Apartments.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Grand Oak Place and starts from $925.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.