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Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
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108 E Fee Ave
MelbourneFL32901
140 Bauer Dr
MelbourneFL32901
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2214 Northview St NE, Unit O
2214 Northview St NE
Palm BayFL32905
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Downtown Melbourne, Melbourne, FL Local Guide
How much does it cost to rent an apartment in Downtown Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Melbourne 1 Bedroom Apartments | $1,622 | $1,170 | $2,703 |
| Downtown Melbourne 2 Bedroom Apartments | $1,814 | $1,265 | $3,005 |
| Downtown Melbourne 3 Bedroom Apartments | $2,072 | $1,463 | $3,786 |
| Downtown Melbourne 4 Bedroom Apartments | $885 | $865 | $915 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Melbourne Neighborhood of Melbourne, FL.
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Downtown Melbourne, Melbourne, FL Local Guide
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Cheapest Available Downtown Melbourne Apartments for Rent
The cheapest available apartment rental in the Downtown Melbourne area of Melbourne, FL is a 1 Bed unit found at Windover Palms priced from $1,200. Meadowdale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,224. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of March 27, 2025 the best value apartment in the Downtown Melbourne area is the $1.39 price per square foot Tantalus Model at Legacy at Hibiscus Park in the in the Coastal Brevard neighborhood starting from $1,951. The second greatest value Downtown Melbourne apartment is the 3x2 Model at Manatee Cove starting at $1,463 with a $1.22 price per square foot in the Coastal Brevard neighborhood. Here is today’s list of the best values for Downtown Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legacy at Hibiscus Park | Tantalus | 3BR,2BA | $1.39 |
| Manatee Cove | 3x2 | 3BR,2BA | $1.22 |
| Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.22 |
| Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
| Palm Bay Club | B1 | 2BR,2BA | $1.23 |
| Meri Palm Bay | B1R | 2BR,2BA | $1.77 |
| The Village at Melbourne | Dove | 2BR,2BA | $1.87 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.96 |
| Woodlake Village | 1 Bed 1 Bath | 1BR,1BA | $1.78 |
| Windover Palms | A1 - 1 Bed / 1 Bath | 1BR,1BA | $1.95 |
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Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
Best Local Schools in Downtown Melbourne, Melbourne, FL
School data provided by Great Schools
Best Local Schools in Downtown Melbourne, Melbourne, FL
School data provided by Great Schools
Getting Around the Downtown Melbourne Neighborhood in Melbourne, FL
Walk Score®
68 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some 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 Downtown Melbourne Apartments
What is the price of a cheap apartment in Downtown Melbourne?
The cheapest apartment in Downtown Melbourne is Windover Palms which is listed at $1,200, while the average apartment in Downtown Melbourne costs $2,200.
What types of apartments are the cheapest in Downtown Melbourne?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Downtown Melbourne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Melbourne?
Cheap apartments in Downtown Melbourne have an average cost of $550 which is $1,650 cheaper than the average rent for all rentals in Downtown Melbourne.
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.
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.
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.