3 Bedroom Apartments for Rent in Melbourne, IA (36 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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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.

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312 Sycamore St
3 Bedroom Apartments

312 Sycamore St

312 Sycamore StCambridge, IA 50046
  • Utilities Included
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Stella Townhomes
3 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
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Walnut Pointe
3 Bedroom Apartments

Walnut Pointe

1702-1798 W 4th St NNewton, IA 50208
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Melbourne, IA Local Guide

Largest Available Melbourne and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Melbourne, IA is found at The Villages of Kimberley Crossing in the Georgetown neighborhood and is 1,498 square feet priced from $1,895. The Ridge at Canyon Landing Townhomes in the Creekside neighborhood has the second largest 3 Bedroom, which is sized at 1,418 square feet and currently listed start at $1,675. Here is today’s list of the largest available 3 Bedroom units in Melbourne:

Apartment ListingModel NameSquare FootagePriced From
The Villages of Kimberley CrossingTatum1,498 Sq Ft$1,895
The Ridge at Canyon Landing TownhomesPearson1,418 Sq Ft$1,675
The Grove at Ames3BR/3BA - Deluxe1,390 Sq Ft$645
Marshalltown EstatesUnit 1501,280 Sq Ft$993
Spacious Apartments minutes from everything3BR/2.0BA1,180 Sq Ft$1,075
The Quarters AmesA - 3x31,125 Sq Ft$615
Woodland Heights3 Bed 2 Bath1,012 Sq Ft$945
The Reserves at South Lake3B2B1,000 Sq Ft$536

Cheapest Available Melbourne and Nearby 3 Bedroom Apartments

As of May 17, 2025 the lowest priced 3 Bedroom apartment unit in Melbourne, IA is the 3B2B Model starting from $536 at The Reserves at South Lake in the East Gate Estates neighborhood. The second most affordable Melbourne 3 Bedroom is the Unit 51 Model at Marshalltown Estates starting at $801 . The average price for all 3 Bedroom apartments in Melbourne is currently $1,133. Here is today’s list of the cheapest available 3 Bedroom options in Melbourne:

Apartment ListingModel NamePriced From
The Reserves at South Lake3B2B$536
Marshalltown EstatesUnit 51$801
Woodland Heights3 Bed 2 Bath$945
Spacious Apartments minutes from everything3BR/2.0BA$1,025
The Ridge at Canyon Landing TownhomesPearson$1,675
The Villages of Kimberley CrossingTatum$1,895

Quick Rent Budget Calculator

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Getting Around Melbourne, IA

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal 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 3 Bedroom Melbourne Apartments

How much is the average rent for a 3 Bedroom Melbourne Apartment?

The average rent for a 3 Bedroom Apartment in Melbourne is $1,133.

What is the largest available 3 Bedroom Melbourne Apartment for rent?

Today's apartment with the most square footage in Melbourne is a 1,498 square feet unit starting from $1,895 at The Villages of Kimberley Crossing.

What is the average size for Melbourne 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Melbourne is currently 1,227 sq ft.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.

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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.