Homes & Apartments for Rent in 32901

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What to Know About

Life in Melbourne & Beyond

Melbourne shares many of the great qualities that make Florida a desirable place to live.

Florida is a sunshine-filled state known for its beautiful beaches, warm weather, and world-famous theme parks like Walt Disney World, Universal Studios, and Sea World. From its iconic beaches to vibrant cities, you have a unique blend of outdoor adventure and urban excitement. Explore the state's past by visiting attractions like the Kennedy Space Center, the Museum of Florida History, or the Perez Art Museum Miami. In addition, Florida is home to renowned universities such as the University of Florida and Florida State University, University of Miami.

With hundreds of miles of sandy beaches, crystal-clear springs, and lush everglades, Florida is a paradise for visitors and residents alike. The state is also home to several professional sports teams, including the Miami Dolphins (NFL), Tampa Bay Buccaneers (NFL), Florida Panthers (NHL), Tampa Lighting (NHL), Miami Marlins (MLB), Orlando Magic (NBA), and Miami Heat (NBA). Experience all that Florida has to offer, from its stunning beaches and vibrant atmosphere to its rich traditions and thriving economy.

Discover the magic of living in Florida, where the sun shines bright, the economy thrives, and the quality of life is unparalleled, making it the perfect place to call home.

Rental Market Trends

Melbourne, FL

As of September 2026, Melbourne's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Melbourne's average rent is 34.0% ($728) lower than the Florida average of $2,142 and 21.8% ($394) lower than the U.S. average of $1,808.

Average Rent
$1,414
Monthly ChangeMonth Over Month Change
Decreased0.5% ($7)
Yearly ChangeYear Over Year Change
Decreased7.9% ($121)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,250 Decreased1.9% ($24) Decreased6.2% ($82)
2 Beds $1,478 Decreased1.1% ($17) Decreased4.8% ($75)
3 Beds $1,947 Decreased6.9% ($144) Decreased12.4% ($276)
Nearby Cities Average Rent Avg. Rent vs. MelbourneAverage Rent vs. Melbourne Avg. Days on MarketAverage Days on Market
Indialantic $2,866 Increased102.7% ($1452) 30 days
Satellite Beach $1,804 Increased27.6% ($390) 30 days
Palm Bay $1,762 Increased24.6% ($348) 33 days
Cocoa Beach $2,209 Increased56.2% ($795) 31 days
Rockledge $2,119 Increased49.9% ($705) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Melbourne Rental Market FAQs

Explore rental prices, market trends, and availability in Melbourne, FL.

The average rent in Melbourne, FL is $1,414 per month.
Homes in Melbourne typically rent for between $875 and $2,531 per month, with an average of $1,414 per month.
In Melbourne, the average rent for a 1-bedroom home is $1,250 per month, for a 2-bedroom home, $1,478 per month, and a 3-bedroom home is $1,947 per month.
The average rent in Melbourne is 21.8% ($394) lower than the national average of $1,808 per month.
The average rent in Melbourne has decreased by 0.5% ($7) in the last month and decreased by 7.9% ($121) over the past year.
The rental market in Melbourne, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Melbourne, FL, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 82 rental properties available in Melbourne, FL.
Based on the current averages, a household would need an annual income of $59,120 to comfortably afford a 2-bedroom home in Melbourne.
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