Cheap Apartments for Rent in Melbourne, FL from $300 (25 Rentals)

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Explore the Best Cheap Apartments in Melbourne for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

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Magnolia Apartments
from $700Studio to 1 Bedroom Apartments

Magnolia Apartments

108 W Fee AveMelbourne, FL 32901
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Hickory Pointe
from $8661 to 2 Bedroom Apartments

Hickory Pointe

2700 Carlson CirMelbourne, FL 32901
Senior Living
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Palm Harbor Villas
from $880Studio to 2 Bedroom Apartments

Palm Harbor Villas

820 N Wickham RdMelbourne, FL 32935
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Parkway Place
from $8981 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
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Crane Creek Apartments
from $9671 to 2 Bedroom Apartments

Crane Creek Apartments

2309 Babcock St NEMelbourne, FL 32901
Senior Living
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Pentagon Gardens
from $1,0001 to 2 Bedroom Apartments

Pentagon Gardens

46 W New Haven AveMelbourne, FL 32901
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Windover Palms
from $1,1431 to 3 Bedroom Apartments Available Now

Windover Palms

310 Fitness CirMelbourne, FL 32901
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The Pines Apartments
from $9251 to 2 Bedroom Apartments

The Pines Apartments

3016 Pinewood Dr NEPalm Bay, FL 32905
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Melbourne, FL Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 12/27/2024

Current apartment rentals in the Melbourne, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Melbourne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Melbourne$2,610$700106
Suburban Melbourne$3,595$3001194

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a Studio unit found at Windwood Apartments in the South Cove neighborhood priced from $1,025. Windover Palms in the Coastal Brevard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,143. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windwood ApartmentsStudio Apartment (Standard)Studio,1BA$1,025
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,143
Caribbean Isle1A1BR,1BA$1,158
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,180
Park Drive Apartments11BR,1BA$1,200

Best Value Apartments for Rent in Melbourne, FL

As of December 28, 2024 the best value apartment in the Melbourne area is the $1.32 price per square foot B1 Model at Marin at Harvard in the in the Coastal Brevard neighborhood starting from $1,652. The second greatest value Melbourne apartment is the Sorrell Model at Legacy at Hibiscus Park starting at $1,609 with a $1.32 price per square foot in the Coastal Brevard neighborhood. 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.
Marin at HarvardB12BR,2BA$1.32
Legacy at Hibiscus ParkSorrell2BR,2BA$1.32
The Palm Bay Grand Apartments1 Deluxe1BR,1BA$1.30
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.34
Lakes at SuntreeMagnolia2BR,2BA$1.36
The BrittanyCabana2BR,2BA$1.31
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.83
Palm Bay ClubB12BR,2BA$1.21
Manatee Cove2x22BR,2BA$1.34

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Melbourne Overview

Located in proximity to the Atlantic Ocean, you will find the sunny city of Melbourne, FL. When you live in one of our Melbourne apartments in this coastal town, having fun golfing, surfing and walking along various lovely beaches are just a small sampling of what you will experience!

Why live in Melbourne, FL?

Tourists love visiting Melbourne because of the warm weather activities including fishing, snorkeling, golfing, hiking and walk along the beach. There are also other attractions such as the Kennedy Space Center as well as the Historic District in the downtown area. Living in one of our apartments in Melbourne will help you be close to all the action, while being able to get away from it all in the comfort of your own perfect spot.

Melbourne, FL
Population: 82,826

Ranked #413

in US Census Population by City

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Pet Friendly Lifestyle
Melbourne, FL

Ranked #32

Among cities in Florida for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melbourne, FL Rentals by Map

View MapMelbourne, FL Apartments MapView MapMelbourne, FL Rental Homes Map

Getting Around Melbourne, FL

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Windwood Apartments listed at $1,025.

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

The lowest price for a Cheap One Bedroom Melbourne Apartment is $1,143 at Windover Palms.

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 $1,244 at The Park at Topaz Cay.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Manatee Cove and starts from $1,473.

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.

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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.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.