Cheap Homes for Rent in Melbourne, FL from $600 (90 Rentals)

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 1041 June Dr

1041 June Dr

MelbourneFL32935

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.

property at 6431 Borasco Dr

6431 Borasco Dr

MelbourneFL32940
property at 441 Myrtlewood Rd

441 Myrtlewood Rd

MelbourneFL32940

Melbourne, FL Local Guide

Cheapest Neighborhoods for Apartments in Melbourne, FL

Pricing Updated: 05/09/2025

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$2,223$88073
Suburban Melbourne$6,217$1,0501089

Cheapest Available Melbourne Apartments for Rent

 

The cheapest available apartment rental in Melbourne, FL is a 2 Beds unit found at Lantern Village Apartments in the Suburban Melbourne neighborhood priced from $1,100. Lake Pointe in the Suburban Melbourne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,123. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lantern Village ApartmentsTwo Bed2BR,1BA$1,100
Lake PointeBreeze1BR,1BA$1,123
The Reserves of MelbourneLunar1BR,1BA$1,135
Caribbean Isle1B1BR,1BA$1,195
Windover PalmsA1 - 1 Bed / 1 Bath1BR,1BA$1,200
Meadowdale Apartments1 Bed 1 Bath1BR,1BA$1,224
Stonewood Townhomes1x1R1BR,1BA$1,225
Topaz VillageFlat - Remodel1BR,1BA$1,265
Eleven35 ApartmentsOne Bedroom Deluxe1BR,1BA$1,275

Best Value Apartments for Rent in Melbourne, FL

As of May 09, 2025 the best value apartment in the Melbourne area is the $0.49 price per square foot 4x4 Student Apartment Model at Melbourne Commons in the in the South Cove neighborhood starting from $865. The second greatest value Melbourne apartment is the Three Bedroom Apartment Model at Trillium starting at $1,991 with a $1.56 price per square foot in the South Cove 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.
Melbourne Commons4x4 Student Apartment4BR,4BA$0.49
TrilliumThree Bedroom Apartment3BR,2BA$1.56
Marin at HarvardB12BR,2BA$1.50
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.41
Manatee Cove3x23BR,2BA$1.22
The BrittanyCabana2BR,2BA$1.43
Bridgewater Pointe Apartments2x2 1150 sf2BR,2BA$1.22
Palm Bay ClubB12BR,2BA$1.28
Lantern Village ApartmentsTwo Bed2BR,1BA$1.22
1875 Wabun Street Northeast, Unit Apt A1875 Wabun Street Northeast2BR,1BA$1.41

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Frequently Asked Questions about Melbourne

What type of rentals are currently available in Melbourne?

There are currently 310 Apartments for Rent in Melbourne, FL with pricing that ranges from $880 to $6,980. There are also 448 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melbourne ranging from $650 to $22,000.

What is the current price range for Rental Homes in Melbourne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melbourne ranges from $650 to $22,000 with an average monthly rent of $4,661.

How much are larger Three and Four Bedroom Rentals in Melbourne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melbourne range from $1,467 to $6,980, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $880.

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.