Florida Institute of Technology

Melbourne, FL

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Florida Institute of Technology - Melbourne, FL

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Feel that Panther stomp in your crimson and gray

FIT Florida Tech Panthers Private Diverse Research-Oriented Welcoming Rigorous

Founded in 1958, the Florida Institute of Technology offers undergraduate, master’s, and doctoral programs in science, engineering, aeronautics, business, humanities, mathematics, cybersecurity, psychology, communication, and education. Students leave Florida Tech prepared to enter the global workforce, seek higher-education opportunities, and serve within their communities.

Located on Florida’s Space Coast, FIT is proximate to a variety of apartments, houses, and townhomes available for rent in Melbourne and Palm Bay. Convenience to Route 507 and U.S. 192 as well as I-95 makes commuting and traveling from the FIT campus simple.

Florida Tech is home to a positive and stimulating campus life with over 100 student clubs and organizations, NCAA Division II Panther athletics, and various special events. Beach access, the NASA Kennedy Space Center, Brevard Zoo, and a range of restaurants and museums are just a short drive from campus. Options for day trips and weekend getaways are plentiful with Orlando, Tampa, and Miami all within a three-hour drive of FIT.

Explore the College

The Clemente Center is a state-of-the-art fitness center

The Olin Engineering Complex includes laboratories and an auditorium

The Olin Physical Sciences Center is home to a research telescope and a geospace laboratory

At 32,000 square feet, the Panther Aquatic Center features pools for competition and recreation

Rent Trends

As of April 2025, the average apartment rent in Melbourne, FL is $1,238 for a studio, $1,492 for one bedroom, $1,719 for two bedrooms, and $2,149 for three bedrooms. Apartment rent in Melbourne has decreased by -1.2% in the past year.

  • Studio

  • 571 sq ft

    Average Sq Ft

  • $1,238/month

    Average Rent

  • 1 BR

  • 727 sq ft

    Average Sq Ft

  • $1,492/month

    Average Rent

  • 2 BR

  • 1,054 sq ft

    Average Sq Ft

  • $1,719/month

    Average Rent

  • 3 BR

  • 1,328 sq ft

    Average Sq Ft

  • $2,149/month

    Average Rent

Transportation

45

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

49

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

Quest Elementary School

Public

Grades PK-6

691 Students

9
out of 10

Longleaf Elementary School

Public

Grades PK-6

631 Students

9
out of 10

Suntree Elementary School

Public

Grades PK-6

600 Students

9
out of 10

Sherwood Elementary School

Public

Grades PK-6

458 Students

8
out of 10

Croton Elementary School

Public

Grades PK-6

488 Students

7
out of 10

Westshore Junior/Senior High School

Public

Grades 7-12

930 Students

10
out of 10

Lyndon B. Johnson Middle School

Public

Grades 7-8

610 Students

5
out of 10

Palm Bay Magnet Senior High School

Public

Grades PK & 8-12

1,486 Students

3
out of 10

Stone Magnet Middle School

Public

Grades 7-8

670 Students

2
out of 10

Westshore Junior/Senior High School

Public

Grades 7-12

930 Students

10
out of 10

Melbourne Senior High School

Public

Grades 9-12

2,249 Students

5
out of 10

Eau Gallie High School

Public

Grades PK & 9-12

1,586 Students

3
out of 10

Palm Bay Magnet Senior High School

Public

Grades PK & 8-12

1,486 Students

3
out of 10

Points of Interest

Parks and Recreation

  • Florida Tech Botanical Garden
  • Erna Nixon Nature Center
  • Turkey Creek Sanctuary (Margaret Hames Nature Center)
  • Goode Park
  • Malabar Scrub Sanctuary

Airports

  • Melbourne Orlando International

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.