Linz of Viera
2301 Willet Pl,
Melbourne, FL 32940
1-3 Beds | $1,719 - $3,240
Rental Market Trends in Melbourne, FL
What is the average rent in Melbourne, FL?
$1,490/month
Average Rent
726 Sq Ft
Average Apartment Size
+0.3%
Increase in the Last Year
As of December 2024, the average rent in Melbourne, FL is $1,490 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Melbourne rent prices are 4% lower than the national average. When you rent an apartment in Melbourne, you can expect to pay about $1,214 per month for a studio, $1,490 for a one-bedroom apartment, and around $1,709 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,183 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Melbourne, FL?
In the past year, rent has increased by 0.3%, which averages out to $4 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Melbourne, FL
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
14%
$700 - $1,000/month
30%
$1,001 - $1,500/month
45%
$1,501 - $2,000/month
8%
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.
Neighborhood
Average Rent
Average 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.
Neighborhood
Average Rent
Average 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" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Melbourne, FL?
Because the average rent in Melbourne is $1,490, you’ll want to make about $4,966 per month or $59,592 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.
Studio
$771/month
$1,690/month
One Bedroom
$1,348/month
$1,682/month
Two Bedroom
$1,374/month
$1,927/month
Three Bedroom
$1,776/month
$2,249/month
Nearby City Rent Trends
Apartment communities in Melbourne we think you'll love
Property Management Companies in Melbourne, FL
Hawthorne Residential Partners
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255
Communities
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61,944
Units
-
116
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5 Communities in Melbourne
Greystar
-
3,191
Communities
-
884,840
Units
-
829
Cities
4 Communities in Melbourne
FPI Management
-
598
Communities
-
104,040
Units
-
215
Cities
4 Communities in Melbourne
ConcordRENTS
-
49
Communities
-
9,363
Units
-
26
Cities
4 Communities in Melbourne
Blue Roc Premier
-
40
Communities
-
10,743
Units
-
19
Cities
4 Communities in Melbourne
Opus Management Group
-
24
Communities
-
3,525
Units
-
16
Cities
4 Communities in Melbourne
Willow Bridge
-
679
Communities
-
185,890
Units
-
310
Cities
3 Communities in Melbourne
BH
-
324
Communities
-
90,582
Units
-
196
Cities
3 Communities in Melbourne
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Methodology
† 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.
* Percentages may not total 100 due to rounding.