Apartments for Rent in Melbourne, FL

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Viewing 21-40 of 53 rentals in Melbourne
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 June 2026, Melbourne's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Melbourne's average rent is 29.9% ($627) lower than the Florida average of $2,100 and 18.0% ($324) lower than the U.S. average of $1,797.

Average Rent
$1,473
Monthly ChangeMonth Over Month Change
Decreased4.8% ($75)
Yearly ChangeYear Over Year Change
Decreased8.7% ($140)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,324 No change Increased0.2% ($3)
2 Beds $1,519 Decreased1.9% ($30) Decreased2.9% ($46)
3 Beds $2,307 Increased3.4% ($75) Increased8.4% ($178)
Nearby Cities Average Rent Avg. Rent vs. MelbourneAverage Rent vs. Melbourne Avg. Days on MarketAverage Days on Market
Indialantic $2,866 Increased94.6% ($1393) 30 days
Satellite Beach $1,837 Increased24.7% ($364) 30 days
Palm Bay $1,684 Increased14.3% ($211) 33 days
Melbourne Beach $2,921 Increased98.3% ($1448) 28 days
Cocoa Beach $2,245 Increased52.4% ($772) 31 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 $1,473 per month.
Apartments in Melbourne typically rent for between $927 and $2,999 per month, with an average of $1,473 per month.
In Melbourne, the average rent for a 1-bedroom apartment is $1,324 per month, for a 2-bedroom apartment, $1,519 per month, and a 3-bedroom apartment is $2,307 per month.
The average rent in Melbourne is 18% ($324) lower than the national average of $1,797 per month.
The average rent in Melbourne has decreased by 4.8% ($75) in the last month and decreased by 8.7% ($140) 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 83 rental properties available in Melbourne, FL.
Based on the current averages, a household would need an annual income of $60,760 to comfortably afford a 2-bedroom apartment in Melbourne.
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