Rental Market Trends in Melbourne, FL

$1,698/month

1,054 Sq Ft

$2,163/month

1,328 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

$1,242/month

909 Sq Ft

$2,081/month

1,039 Sq Ft

$2,291/month

1,474 Sq Ft

Four Bedroom

$3,072/month

2,026 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

$1,643/month

662 Sq Ft

$2,376/month

1,079 Sq Ft

$3,517/month

1,795 Sq Ft

Four Bedroom

$6,000/month

2,581 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

$2,039/month

1,165 Sq Ft

Explore the Area Guide for Melbourne, FL

$2,746/month

1,691 Sq Ft

How much has average rent changed in Melbourne, FL?

In the past year, rent has increased by 0.8%, which averages out to $12 more per month.

Percentage*

Rent Range

3% Below $700/month

14% $700 - $1,000/month

30% $1,001 - $1,500/month

44% $1,501 - $2,000/month

9% Above $2,000/month

Rent by Neighborhood

Last Updated Today

What are the most affordable neighborhoods in Melbourne?

Based on current rent prices, Downtown Melbourne and Suburban Melbourne" are the most affordable neighborhoods in Melbourne.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Downtown Melbourne

$1,429/month

636 Sq Ft

Suburban Melbourne

$1,834/month

799 Sq Ft

What are the most expensive neighborhoods in Melbourne?

Based on current rent prices, Suburban Melbourne and Downtown Melbourne" are the most expensive neighborhoods in Melbourne.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Suburban Melbourne

$1,834/month

799 Sq Ft

Downtown Melbourne

$1,429/month

636 Sq Ft

Which Melbourne neighborhoods have the most rentals available?

The neighborhoods in Melbourne with the most apartments available are Suburban Melbourne and Downtown Melbourne" .

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Suburban Melbourne

$1,834/month

799 Sq Ft

Downtown Melbourne

$1,429/month

636 Sq Ft

What salary do I need to live comfortably in Melbourne, FL?

Because the average rent in Melbourne is $1,491, you’ll want to make about $4,970 per month or $59,640 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Melbourne, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Melbourne, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Downtown Melbourne

Melbourne, FL

Suburban Melbourne

Melbourne, FL

Studio

$772/month

$1,687/month

One Bedroom

$1,330/month

$1,676/month

Two Bedroom

$1,386/month

$1,928/month

Three Bedroom

$1,777/month

$2,250/month

Nearby City Rent Trends

Apartment communities in Melbourne we think you'll love

Caribbean Isle

2848 Caribbean Isle Blvd,
Melbourne, FL 32935

1-2 Beds | $1,146 - $2,457

The Park at Parma

500 N Wickham Rd,
Melbourne, FL 32935

Studio - 3 Beds | $1,554 - $1,604

The Palm Bay Grand Apartments

145 Cinnamon Cove Dr,
Melbourne, FL 32901

1-3 Beds | $1,401 - $5,833

Luna at Viera

2992 Rodina Dr,
Melbourne, FL 32940

Studio - 2 Beds | $1,595 - $2,775

Property Management Companies in Melbourne, FL

FPI Management

607

Communities
104,369

Units
217

Cities

5 Communities in Melbourne

Hawthorne Residential Partners

255

Communities
61,974

Units
116

Cities

5 Communities in Melbourne

Greystar

3,230

Communities
892,918

Units
828

Cities

331

Communities
90,983

Units
196

Cities

ConcordRENTS

49

Communities
9,363

Units
26

Cities

Blue Roc Premier

40

Communities
10,743

Units
19

Cities

Opus Management Group

24

Communities
3,525

Units
16

Cities