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from $3941 to 2 Bedroom Apartments Available Now
Clock Tower Senior Apartments
403 E Church StMarshalltown, IA 50158
Cheap Apartments for Rent in Melbourne, IA from $300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Melbourne.
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from $4301 Bedroom Apartments Contact Us For Availability
Hubbard Maple Street Apartments
717 E Maple StHubbard, IA 50122
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from $4751 to 2 Bedroom Apartments Contact Us For Availability
The Tallcorn
134 E Main StMarshalltown, IA 50158
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from $3951 to 3 Bedroom Apartments Available Now
The Reserves at South Lake
500 Industrial AveGrinnell, IA 50112
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from $640Studio to 2 Bedroom Apartments Available Now
Hotel Maytag Apartments
105 N 2nd Ave ENewton, IA 50208
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from $725Studio to 3 Bedroom Apartments Available Now
Parkside Apartments
2335 Paine St NEBondurant, IA 50035
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from $7692 to 3 Bedroom Apartments Contact Us For Availability
SUNDANCE MARSHALLTOWN APARTMENTS
1407 S 7th AveMarshalltown, IA 50158
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from $7901 to 2 Bedroom Apartments Available Aug 1
420 S 4th St
420 S 4th StAmes, IA 50010
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from $8001 to 3 Bedroom Apartments Available Aug 4
South Meadow
321 S 5th StAmes, IA 50010
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717 N 5th Ave
MarshalltownIA50158
919 6th St
NevadaIA50201
702 Carroll Ave
AmesIA50010
209 E 6th St
AmesIA50010
Showing Results 1-20, Page 1 of 1
Melbourne, IA Local Guide
Pure Iowa by Ron Cogswell is licensed under CC BY 2.0
How much does it cost to rent an apartment in Melbourne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melbourne Studio Apartments | $762 | $650 | $1,025 |
| Melbourne 1 Bedroom Apartments | $1,147 | $394 | $2,472 |
| Melbourne 2 Bedroom Apartments | $967 | $467 | $1,987 |
| Melbourne 3 Bedroom Apartments | $1,263 | $465 | $2,600 |
| Melbourne 4 Bedroom Apartments | $1,615 | $445 | $2,200 |
Browse Top Apartments in Melbourne
See all Apartments in MelbourneExplore Melbourne
Melbourne, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melbourne Apartments for Rent and Nearby
The cheapest available apartment rental in Melbourne, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. The Tallcorn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Melbourne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
| The Tallcorn | 1 bedroom, 1 bath | 1BR,1BA | $475 |
| Hotel Maytag Apartments | Studio | Studio,1BA | $650 |
| Newton Park Apartments | 1BR - 30% Gross Income | 1BR,1BA | $676 |
| Woodland Heights | 1 Bed 1 Bath | 1BR,1BA | $685 |
Best Value Apartments for Rent in Melbourne, IA and Nearby
As of March 21, 2025 the best value apartment in the Melbourne area is the $0.96 price per square foot D1 - 40 - Income Restricted Model at Hawthorne Pointe in the in the Altoona Meadows neighborhood starting from $1,292. The second greatest value Melbourne apartment is the 2BR/2.5BA Model at Copper Beech at Ames starting at $800 with a $0.65 price per square foot in the Grand Junction neighborhood. Here is today’s list of the best values for Melbourne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hawthorne Pointe | D1 - 40 - Income Restricted | 4BR,2BA | $0.96 |
| Copper Beech at Ames | 2BR/2.5BA | 2BR,2.5BA | $0.65 |
| The Quarters Ames | A - 3x3 | 3BR,3BA | $0.55 |
| Walnut Pointe | Villa | 3BR,1BA | $0.97 |
| THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
| The Grove at Ames | 2BR/2BA | 2BR,2BA | $0.73 |
| Hunters Run | B2 | 2BR,1BA | $0.82 |
| Stella Townhomes | 1 Bedroom 1 Bath | 1BR,1BA | $0.96 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
| The Tallcorn | 1 bedroom, 1 bath | 1BR,1BA | $0.78 |
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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 Cheap Melbourne Apartments
What is the Cheapest Studio apartment in Melbourne?
Currently the most affordable Cheap Studio Apartment in Melbourne is at Hotel Maytag Apartments listed at $650.
How much is rent for a Cheap One Bedroom Melbourne Apartment?
The lowest price for a Cheap One Bedroom Melbourne Apartment is $395 at The Reserves at South Lake.
What is the lowest price for a Cheap Two Bedroom Melbourne Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Melbourne is starting from $470 at The Reserves at South Lake.
What is the most affordable Melbourne Three Bedroom Apartment?
The best deal on a cheap Melbourne Three Bedroom Apartment rental is at The Reserves at South Lake and starts from $536.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.