
Cheap Homes for Rent in Downtown Melbourne Neighborhood of Melbourne, FL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melbourne area of Melbourne.


2214 Northview St NE, Unit O

108 E Fee Ave

140 Bauer Dr

26 Seminole Ave W

1624 Mitchell St

1612 Mitchell St

127 San Paulo Cir
Downtown Melbourne, Melbourne, FL Local Guide

How much does it cost to rent a home in Downtown Melbourne?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Melbourne 2 Bedroom Homes for Rent | $1,738 | $800 | $3,000 |
Downtown Melbourne 3 Bedroom Homes for Rent | $2,937 | $1,650 | $4,250 |
Downtown Melbourne 4 Bedroom Homes for Rent | $2,762 | $1,895 | $5,000 |
Downtown Melbourne 5 Bedroom Homes for Rent | $650 | $650 | $650 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 April 12, 2025 the best value apartment in the Downtown Melbourne area is the $1.51 price per square foot The Worthington Model at Lake in the Woods in the in the Coastal Brevard neighborhood starting from $1,798. The second greatest value Downtown Melbourne apartment is the Roselle Model at Legacy at Hibiscus Park starting at $1,632 with a $1.41 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. |
---|---|---|---|
Lake in the Woods | The Worthington | 3BR,2.5BA | $1.51 |
Legacy at Hibiscus Park | Roselle | 2BR,2BA | $1.41 |
Bridgewater Pointe Apartments | 2x2 1150 sf | 2BR,2BA | $1.22 |
Melbourne Commons | 2x2 Student Apartment | 2BR,2BA | $0.84 |
Windover Palms | C1 - 3 Bed / 2 Bath | 3BR,2BA | $1.92 |
Palm Bay Club | B1 | 2BR,2BA | $1.31 |
616 E New Haven Ave, Unit 4 | 616 E New Haven Ave | 2BR,1BA | $1.89 |
Manatee Cove | 2x2 | 2BR,2BA | $1.34 |
The Village at Melbourne | Dove | 2BR,2BA | $1.87 |
Woodlake Village | 1 Bed 1 Bath | 1BR,1BA | $1.78 |
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Frequently Asked Questions about Downtown Melbourne
What type of rentals are currently available in Downtown Melbourne?
There are currently 73 Apartments for Rent in Downtown Melbourne, FL with pricing that ranges from $865 to $4,949. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melbourne ranging from $650 to $7,500.
What is the current price range for Rental Homes in Downtown Melbourne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Melbourne ranges from $650 to $7,500 with an average monthly rent of $2,529.
How much are larger Three and Four Bedroom Rentals in Downtown Melbourne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Melbourne range from $1,467 to $4,949, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $4,250. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $865.
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.