Cheap Apartments for Rent in Melbourne, KY from $700 (41 Rentals)

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

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1923 Sutton Ave
1 Bedroom Apartments

1923 Sutton Ave

1923 Sutton AveCincinnati, OH 45230
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2332 Beechmont
1 Bedroom Apartments

2332 Beechmont

2332 Beechmont AveCincinnati, OH 45230
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1824 Mears Ave
1 Bedroom Apartments

1824 Mears Ave

1824 Mears AveCincinnati, OH 45230
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Ridgeview Apartments
1 Bedroom Apartments

Ridgeview Apartments

5462-5470 Beechmont AveCincinnati, OH 45230
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property at 6308 Corbly Rd

6308 Corbly Rd

CincinnatiOH45230
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Waterbury Apartments
1 Bedroom Apartments

Waterbury Apartments

4140 Mount Carmel Tobasco RdCincinnati, OH 45255
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Melbourne, KY Local Guide

Cheapest Available Melbourne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melbourne, KY is a 1 Bed unit found at Riverstone Court Apartments - Beechmont Ave in the Columbia Tusculum neighborhood priced from $850. 1819 Sutton in the Sherwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Melbourne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverstone Court Apartments - Beechmont AveOne Bedroom-5615 Beechmont1BR,1BA$850
1819 SuttonOne Bed1BR,1BA$899
6060 Colter AveOne Bedroom1BR,1BA$899
Beechmont Bluffs1 Bedroom without a balcony1BR,1BA$900
Sutton Avenue Apartments1 - Partially Renovated1BR,1BA$915
1824 Mears Ave71BR,1BA$925
2351 Beechmont Ave.1 Bed1BR,1BA$950
Salvador Point1 Bed/1 Bath1BR,1BA$950
Beacon Tower1 Bedroom1BR,1BA$995
Washington House ApartmentsOne Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Melbourne, KY and Nearby

As of April 17, 2025 the best value apartment in the Melbourne area is the $1.47 price per square foot C1 - Caspia Model at Elevation Apartment Homes in the in the Northern Kentucky 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Elevation Apartment HomesC1 - Caspia2BR,2BA$1.47
Immaculate Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.40
Brandychase Apartments2BR/2BA STANDARD2BR,2BA$1.43
Stone Creek ApartmentsBrand New Renovated Two Bedrooms2BR,1BA$1.25
Beechmont Towers Apartments2 Bedroom2BR,1BA$1.32
Washington House ApartmentsTwo Bedroom2BR,1BA$1.33
Mears Place Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.35
Beacon Tower1 Bedroom1BR,1BA$1.17
1824 Mears Ave71BR,1BA$1.42
Riverstone Court Apartments - Beechmont AveOne Bedroom-5615 Beechmont1BR,1BA$1.48

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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See the most popular apartments and homes in Melbourne, KY

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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 $1,099 at 1819 Sutton.

What is the most affordable Melbourne Three Bedroom Apartment?

The best deal on a cheap Melbourne Three Bedroom Apartment rental is at Arbors of Anderson and starts from $1,695.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.