
Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Suburban Melbourne area of Melbourne.


Venue at Viera Senior Living

2434 Sarno Rd

Park Village Apartments

The Harbours Apartments

Lake Pointe

1036 June Dr

Greater Heights Apartment Community

Mission Bay

Hammock Harbor
Suburban Melbourne, Melbourne, FL Local Guide

How much does it cost to rent an apartment in Suburban Melbourne?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Suburban Melbourne Studio Apartments | $1,733 | $1,440 | $2,644 |
Suburban Melbourne 1 Bedroom Apartments | $1,812 | $1,050 | $2,941 |
Suburban Melbourne 2 Bedroom Apartments | $2,152 | $1,050 | $7,555 |
Suburban Melbourne 3 Bedroom Apartments | $2,465 | $1,415 | $6,150 |
Suburban Melbourne 4 Bedroom Apartments | $2,500 | $1,656 | $3,910 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Suburban Melbourne Neighborhood of Melbourne, FL.
See all Apartments in MelbourneExplore Melbourne
Suburban Melbourne, Melbourne, FL Local Guide
- Nearby Melbourne neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Suburban Melbourne Apartments for Rent
 The cheapest available apartment rental in the Suburban Melbourne area of Melbourne, FL is a 2 Beds unit found at Lantern Village Apartments priced from $1,050. Lake Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,158. Here are the most affordable Suburban Melbourne apartments for rent in Melbourne, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lantern Village Apartments | Two Bed | 2BR,1BA | $1,050 |
Lake Pointe | Breeze | 1BR,1BA | $1,158 |
The Reserves of Melbourne | Lunar | 1BR,1BA | $1,215 |
Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1,276 |
City Harbor | A1 | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Suburban Melbourne, FL
As of April 06, 2025 the best value apartment in the Suburban Melbourne area is the $1.29 price per square foot Duplex Model at Cocoa Grand Apartments in the in the Diamond Square neighborhood starting from $2,785. The second greatest value Suburban Melbourne apartment is the Lavender Model at Covey Homes Palms West starting at $2,438 with a $1.46 price per square foot in the Diamond Square neighborhood. Here is today’s list of the best values for Suburban Melbourne apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cocoa Grand Apartments | Duplex | 3BR,2BA | $1.29 |
Covey Homes Palms West | Lavender | 3BR,2BA | $1.46 |
Wickham Club | Three Bedroom Two Bath | 3BR,2BA | $1.48 |
Fountain Villas | The Falls | 2BR,2BA | $1.57 |
The Haven at West Melbourne | B2 | 2BR,2BA | $1.47 |
Lakeside Glen Apartments | B1 - 2 Bedroom 2 Bath | 2BR,2BA | $1.50 |
Savannahs at James Landing | B2 The Santa Maria - 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.54 |
The Park at Parma | Tuscany | 2BR,2BA | $1.45 |
Lantern Village Apartments | Two Bed | 2BR,1BA | $1.17 |
The Park at Topaz Tuscana | Tuscany | 2BR,2BA | $1.56 |
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.
Pet Friendly LifestyleSuburban Melbourne, Melbourne, FL
Ranked #1
Among neighborhoods in Melbourne, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Suburban Melbourne Neighborhood in Melbourne, FL
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
5 / 100
Minimal Transit
It may be possible to get on a bus
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 Suburban Melbourne Apartments
What is a cheap apartment in Suburban Melbourne?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Suburban Melbourne is under $1,397.
What is the price of a cheap apartment in Suburban Melbourne?
The cheapest apartment in Suburban Melbourne is Lake Pointe which is listed at $1,158, while the average apartment in Suburban Melbourne costs $7,450.
What types of apartments are the cheapest in Suburban 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 6 regular apartments in Suburban 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 Suburban Melbourne?
Cheap apartments in Suburban Melbourne have an average cost of $770 which is $6,680 cheaper than the average rent for all rentals in Suburban 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.