2421 Stone St
MelbourneFL32901
Cheap Apartments for Rent in the Downtown Melbourne Neighborhood of Melbourne, FL from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melbourne area of Melbourne.
200 Southgate Blvd
MelbourneFL32901
close
View Me
close
View Me
108 E Fee Ave
MelbourneFL32901
140 Bauer Dr
MelbourneFL32901
close
View Me
close
View Me
2214 Northview St NE, Unit O
2214 Northview St NE
Palm BayFL32905
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Showing Results 1-9, Page 1 of 1
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 Studio Apartments | $1,788 | $1,320 | $2,257 |
| Downtown Melbourne 1 Bedroom Apartments | $1,638 | $1,070 | $2,738 |
| Downtown Melbourne 2 Bedroom Apartments | $1,844 | $1,268 | $3,062 |
| Downtown Melbourne 3 Bedroom Apartments | $2,246 | $1,467 | $4,716 |
| Downtown Melbourne 4 Bedroom Apartments | $920 | $880 | $940 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Melbourne Neighborhood of Melbourne, FL.
See all Apartments in MelbourneExplore Melbourne
Downtown Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Meadowdale Apartments priced from $1,224. Stonewood Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here are the most affordable Downtown Melbourne apartments for rent in Melbourne, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowdale Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,224 |
| Stonewood Townhomes | 1x1R | 1BR,1BA | $1,225 |
| Topaz Village | Flat - Remodel | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Downtown Melbourne, FL
As of April 24, 2025 the best value apartment in the Downtown Melbourne area is the $1.22 price per square foot 3x2 Model at Manatee Cove in the in the Coastal Brevard neighborhood starting from $1,467. The second greatest value Downtown Melbourne apartment is the The Worthington Model at Lake in the Woods starting at $1,739 with a $1.46 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. |
|---|---|---|---|
| Manatee Cove | 3x2 | 3BR,2BA | $1.22 |
| Lake in the Woods | The Worthington | 3BR,2.5BA | $1.46 |
| Windover Palms | C1 - 3 Bed / 2 Bath | 3BR,2BA | $1.92 |
| Palm Bay Club | B1 | 2BR,2BA | $1.26 |
| 616 E New Haven Ave, Unit 4 | 616 E New Haven Ave | 2BR,1BA | $1.84 |
| Woodlake Village | 2 Bed 1 Bath | 2BR,1BA | $1.62 |
| The Village at Melbourne | Dove | 2BR,2BA | $1.91 |
| Aqua Palm Bay | Amelia | 1BR,1BA | $1.98 |
| Westshore Palm Bay | Lucine | 1BR,1BA | $1.88 |
| Palmview Cove Apartments | 1 Bed 1 Bath | Classic | 1BR,1BA | $1.88 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Downtown Melbourne area?
If you’re an expert on all things Downtown Melbourne, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
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 Meadowdale Apartments which is listed at $1,224, while the average apartment in Downtown Melbourne costs $2,100.
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 3 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 $512 which is $1,588 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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.