Cheap Apartments for Rent in Melbourne, FL from $300 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melbourne.

property at 2005 Carlton Dr

2005 Carlton Dr

MelbourneFL32935
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Magnolia Apartments
Studio to 1 Bedroom Apartments

Magnolia Apartments

108 W Fee AveMelbourne, FL 32901
  • Utilities Included
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Palm Harbor Villas
Studio to 2 Bedroom Apartments

Palm Harbor Villas

820 N Wickham RdMelbourne, FL 32935
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Parkway Place
1 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
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Hickory Pointe
1 to 2 Bedroom Apartments

Hickory Pointe

2700 Carlson CirMelbourne, FL 32901
Senior Living
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Pentagon Gardens
1 to 2 Bedroom Apartments

Pentagon Gardens

46 W New Haven AveMelbourne, FL 32901
  • Utilities Included
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Windover Palms
1 to 3 Bedroom Apartments

Windover Palms

310 Fitness CirMelbourne, FL 32901
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The Highline
1 to 2 Bedroom Apartments

The Highline

635 E New Haven AveMelbourne, FL 32901
Showing Results 1-50, Page 1 of 2

Melbourne, FL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 03/21/2025

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$3,000$800208
Suburban Melbourne$7,250$1,0001081

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. Venue at Viera Senior Living in the Suburban Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,060. 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
Venue at Viera Senior LivingOne Bedroom One Bath (b)1BR,1BA$1,060
Lake PointeBreeze1BR,1BA$1,134
The Reserves of MelbourneLunar1BR,1BA$1,190
Caribbean Isle1A1BR,1BA$1,196
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,200
Park Drive Apartments11BR,1BA$1,200
The Monroe on MontereyA3R1BR,1BA$1,224
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224

Best Value Apartments for Rent in Melbourne, FL

As of March 21, 2025 the best value apartment in the Melbourne area is the $1.38 price per square foot 4762 Silver Heron Dr Model at 4762 Silver Heron Dr in the in the Suburban Melbourne neighborhood starting from $2,090. The second greatest value Melbourne apartment is the Tantalus Model at Legacy at Hibiscus Park starting at $1,949 with a $1.38 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.
4762 Silver Heron Dr4762 Silver Heron Dr3BR,2BA$1.38
Legacy at Hibiscus ParkTantalus3BR,2BA$1.38
The Palm Bay Grand Apartments1 Deluxe1BR,1BA$1.24
Manatee Cove3x23BR,2BA$1.22
The BrittanyCabana2BR,2BA$1.29
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Melbourne Commons2x2 Student Apartment2BR,2BA$0.84
Rivercrest RacquetB- 2 Bedroom 2 Bath2BR,2BA$1.38
Palm Bay ClubB12BR,2BA$1.24
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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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.

Best Local Schools in
Melbourne, FL

School data provided by Great Schools

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

Explore Melbourne, FL Rentals by Map

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See the most popular apartments and homes in Melbourne, FL

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Getting Around Melbourne, FL

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 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 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 $1,060 at Venue at Viera Senior Living.

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 $1,287 at Palm Bay Club.

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 $1,463.

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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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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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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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.