Cheap Apartments for Rent in the Suburban Melbourne Neighborhood of Melbourne, FL from $300 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Suburban Melbourne area of Melbourne.

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Palm Harbor Villas
Studio to 2 Bedroom Apartments

Palm Harbor Villas

820 N Wickham RdMelbourne, FL 32935
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Parkway Place
1 to 3 Bedroom Apartments

Parkway Place

3040 Bennett LnMelbourne, FL 32935
  • Utilities Included
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Cocoa Village Suites
Studio to 1 Bedroom Apartments

Cocoa Village Suites

636 Brevard AveCocoa, FL 32922
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Rockledge Villas
1 to 3 Bedroom Apartments

Rockledge Villas

1525 S Fiske BlvdRockledge, FL 32955
  • Utilities Included

Suburban Melbourne, Melbourne, FL Local Guide

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 ListingModel NameBed/BathPriced From
Lantern Village ApartmentsTwo Bed2BR,1BA$1,050
Lake PointeBreeze1BR,1BA$1,158
The Reserves of MelbourneLunar1BR,1BA$1,215
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,276
City HarborA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cocoa Grand ApartmentsDuplex3BR,2BA$1.29
Covey Homes Palms WestLavender3BR,2BA$1.46
Wickham ClubThree Bedroom Two Bath3BR,2BA$1.48
Fountain VillasThe Falls2BR,2BA$1.57
The Haven at West MelbourneB22BR,2BA$1.47
Lakeside Glen ApartmentsB1 - 2 Bedroom 2 Bath2BR,2BA$1.50
Savannahs at James LandingB2 The Santa Maria - 2 Bedroom, 2 Bathroom2BR,2BA$1.54
The Park at ParmaTuscany2BR,2BA$1.45
Lantern Village ApartmentsTwo Bed2BR,1BA$1.17
The Park at Topaz TuscanaTuscany2BR,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.

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Pet Friendly Lifestyle
Suburban Melbourne, Melbourne, FL

Ranked #1

Among neighborhoods in Melbourne, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.