
Cheap Apartments for Rent in Melbourne, KY from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Melbourne.


Sonsrena Apartments

Sutton Place Apartments and Townhomes

Riverstone Court Apartments - Beechmont Ave

1824 Mears Ave

Sutton Avenue Apartments

2351 Beechmont Ave.

Ridgeview Apartments

Washington House Apartments

Beechmont Towers Apartments

Timber Trails

Highland Ridge

307 Eight Mile Rd, Unit 307 #2

Campus View

Mears Place Apartments

Norse Landing

Stonegate Apartments

Creekside at Anderson

Brookstone Crossing Apartments

The Alcove of Turpin Hills

Arbors of Anderson

Stone Creek Apartments

Silverwoods Landing

Elevation Apartment Homes

6308 Corbly Rd

1180 King Louis Ct

6 Concord Ave

58 Tower Hill Rd
Melbourne, KY Local Guide

How much does it cost to rent an apartment in Melbourne?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melbourne Studio Apartments | $1,074 | $750 | $1,399 |
Melbourne 1 Bedroom Apartments | $1,366 | $725 | $2,200 |
Melbourne 2 Bedroom Apartments | $1,951 | $895 | $5,700 |
Melbourne 3 Bedroom Apartments | $1,821 | $1,417 | $2,925 |
Browse Top Apartments in Melbourne
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Melbourne, KY Local Guide
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Cheapest Available Melbourne Apartments for Rent and Nearby
 The cheapest available apartment rental in Melbourne, KY is a Studio unit found at 6115-6126 Plymouth Avenue in the Turpin Hills neighborhood priced from $799. Riverstone Court Apartments - Beechmont Ave in the Columbia Tusculum neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Melbourne apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
6115-6126 Plymouth Avenue | Studio | Studio,1BA | $799 |
Riverstone Court Apartments - Beechmont Ave | One Bedroom-5615 Beechmont | 1BR,1BA | $850 |
Sutton Avenue Apartments | 1 - Partially Renovated | 1BR,1BA | $875 |
1923 Sutton Ave | 1 bedroom | 1BR,1BA | $875 |
The Roxbury | 2BR/1.0BA | 2BR,1BA | $895 |
1819 Sutton | One Bed | 1BR,1BA | $899 |
Beechmont Bluffs | 1 Bedroom without a balcony | 1BR,1BA | $900 |
Ridgeview Apartments | 2351 | 1BR,1BA | $925 |
2351 Beechmont Ave. | 1 Bed | 1BR,1BA | $925 |
1824 Mears Ave | 7 | 1BR,1BA | $925 |
Best Value Apartments for Rent in Melbourne, KY and Nearby
As of March 26, 2025 the best value apartment in the Melbourne area is the $1.40 price per square foot 3 Bedroom, 1.5 Bath Duplex 1,200SqFt Model at Norse Landing in the in the Saylor Woods neighborhood starting from $1,675. The second greatest value Melbourne apartment is the 2 Bedroom 1 Bathroom Model at Immaculate Townhomes starting at $1,400 with a $1.40 price per square foot in the Forestville 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. |
---|---|---|---|
Norse Landing | 3 Bedroom, 1.5 Bath Duplex 1,200SqFt | 3BR,1.5BA | $1.40 |
Immaculate Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.40 |
Brandychase Apartments | 2BR/2BA STANDARD | 2BR,2BA | $1.43 |
Stone Creek Apartments | Brand New Renovated Two Bedrooms | 2BR,1BA | $1.25 |
Beechmont Towers Apartments | 2 Bedroom | 2BR,1BA | $1.32 |
Creekside at Anderson | 2 Bedroom/ Remodeled | 2BR,1.5BA | $1.43 |
Beacon Tower | 2 BR | 2BR,1BA | $1.33 |
Washington House Apartments | Two Bedroom | 2BR,1BA | $1.33 |
Mears Place Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.35 |
Ridgeview Apartments | 2351 | 1BR,1BA | $1.45 |
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Getting Around Melbourne, KY
Walk Score®
7 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
12 / 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
How much is rent for a Cheap One Bedroom Melbourne Apartment?
The lowest price for a Cheap One Bedroom Melbourne Apartment is $850 at Riverstone Court Apartments - Beechmont Ave.
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 $895 at The Roxbury.
What is the most affordable Melbourne Three Bedroom Apartment?
The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Norse Landing and starts from $1,675.
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.