
Cheap Homes for Rent in Melbourne, AR from $300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Melbourne.


105 Milton St

704 S Hill

1326 E 9th St

3869 CR 5640

1373 Private Rd 4010

414 Pierce St

410 Walker St

830 S Main St

3008 Summer Hill Pl

197 Barber Rd

11 Alexis Ln

206 N 2nd St

22 Aaron St
Melbourne, AR Local Guide

How much does it cost to rent a home in Melbourne?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melbourne 2 Bedroom Homes for Rent | $809 | $350 | $1,600 |
Melbourne 3 Bedroom Homes for Rent | $1,263 | $500 | $1,950 |
Melbourne 4 Bedroom Homes for Rent | $1,433 | $350 | $2,500 |
Browse Top Homes for Rent in Melbourne
Explore Melbourne
Melbourne, AR Local Guide
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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. Meadow Lake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Melbourne apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Breckenridge Apartments | Breckenridge - 1 Bed 1 Bath with W/D Hookup | 1BR,1BA | $545 |
Meadow Lake Apartments | 1.1 | 1BR,1BA | $675 |
Spring River Commons | Studio | Studio,1BA | $675 |
The Flats Apartments | 1 Bed 1 Bath | 1BR,1BA | $725 |
West Towne Apartments | 2 Bed | 2BR,1BA | $725 |
Best Value Apartments for Rent in Melbourne, AR and Nearby
As of March 22, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2700 Burke Ave | 1501 | 2BR,1.5BA | $0.67 |
The Oak Townhomes | 2 Bed 1.5 Bath - Malerie St | 2BR,1.5BA | $0.63 |
West Towne Apartments | 2 Bed | 2BR,1.5BA | $0.78 |
Breckenridge Apartments | Breckenridge - 2 Bed 2 Bath with W/D Hookup | 2BR,2BA | $0.91 |
Country Meadows Apartments | 2.2 Classic | 2BR,2BA | $0.87 |
Creekside Village Townhomes | 2 Bedroom Townhome | 2BR,1BA | $0.98 |
Parkside | 1 bedroom | 1BR,1BA | $1.10 |
Tara Apartments | 2 brdroom | 2BR,1BA | $1.07 |
Grand Oak Place | 2x1 | 2BR,1BA | $1.08 |
The Flats Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Melbourne
What type of rentals are currently available in Melbourne?
There are currently 41 Apartments for Rent in Melbourne, AR with pricing that ranges from $450 to $2,200. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $350 to $2,500.
What is the current price range for Rental Homes in Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $350 to $2,500 with an average monthly rent of $1,131.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.