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Apartments for Rent in Melbourne, FL under $1500


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  • Rent specials
    Studio $1,295+
    1 bd $1,491+
    Total monthly cost
    333 Lake In The Woods Dr, Melbourne, FL 32901
    Apply online • Pet friendly • Parking
  • 1 bd $1,360+
    Base rent
    Verified Listing

    Trillium

    4.0 (7)
    4315 S. Babcock St., Melbourne, FL 32901
    Apply online • Pet friendly • Fitness center
  • Rent specials 4 units available
    1 bd $1,116+
    Base rent
    Verified Listing

    Rivercrest Racquet

    4.0 (63)
    3320 Rivercrest Drive, Melbourne, FL 32935
    Apply online • Pet friendly • Fitness center
  • 11 units available
    1 bd $1,175
    2 bd $1,350
    Base rent
    Verified Listing

    Stonewood Townhomes

    325 East University Boulevard, Melbourne, FL 32901
    Apply online • Pet friendly • In unit laundry
  • 6 units available
    Studio $1,030
    1 bd $1,185
    Base rent
    Verified Listing

    Palm Harbor Villas

    4.0 (17)
    820 N Wickman Road #1, Melbourne, FL 32935
    Apply online • Pet friendly
  • 4 units available
    1 bd $1,125
    2 bd $1,275+
    Base rent Income restricted
    Verified Listing

    Windover Palms

    4.0 (20)
    310 Fitness Circle, Melbourne, FL 32901
    Apply online • Pet friendly • Fitness center
  • 1 bd $1,225
    Base rent
    Verified Listing

    Eleven35 Apartments

    4.5 (1)
    1135 N Wickham Rd, Melbourne, FL 32935
    Pet friendly • In unit laundry • Patio/Balcony
  • Only 1 unit left
    1 bd $1,125
    2 bd $1,350
    Base rent Income restricted
    4.0 (15)
    2309 S. Babcock Street, Melbourne, FL 32901
    Apply online • Large Closets • Laundry Facilities
  • Rent specials Only 3 units left
    1 bd $1,149+
    2 bd $1,375+
    Base rent Income restricted
    Verified Listing

    Wickham Club

    4.0 (7)
    2905 Kemblewick Drive, Melbourne, FL 32935
    Apply online • Pet friendly • Fitness center
  • Rent specials 8 units available
    2 bd $1,266
    3 bd $1,464
    Base rent Income restricted
    Verified Listing

    Manatee Cove

    3.5 (51)
    746 Madelyn Way, Melbourne, FL 32901
    Apply online • Pet friendly
  • Only 1 unit left
    1 bd $1,042
    2 bd $1,263
    3 bd $1,466
    Base rent Income restricted
    Verified Listing

    Parkway Place

    4.5 (28)
    3040 Bennett Lane, Melbourne, FL 32935
    Apply online • Pet friendly
  • Rent specials
    Ask for pricing
    Verified Listing

    Meadowdale Apartments

    4.5 (7)
    248 East University Blvd. - Office, Melbourne, FL 32901
    Apply online • Pet friendly • Patio/Balcony
  • Ask for Pricing
    Income restricted
    Verified Listing

    Trinity Towers South

    4.5 (4)
    615 East New Haven Ave., Melbourne, FL 32901
    Pet friendly • Air conditioner • Extra Storage
  • Ask for Pricing
    Income restricted
    Verified Listing

    Trinity Towers West

    4.0 (2)
    650 E. Strawbridge Ave., Melbourne, FL 32901
    Pet friendly • Air conditioner • Extra Storage
  • 2 bd $1,330
    Base rent
    241 San Juan Cir, Melbourne, FL 32935
    Pool • Dishwasher • Patio/Balcony
  • 15-0-city



Frequently asked questions

When were prices and availability in Melbourne, FL last updated?

Prices and availability in Melbourne, FL were last updated on 13 Nov 2026.

What are the best apartments in Melbourne, FL?
What type of rental buildings are in Melbourne, FL?

In Melbourne, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Melbourne's rentals, 61% are small-scale complexes with under 50 units, and 27% are single-family rentals.

Renting apartments in Melbourne, FL under $1,500

Searching for apartments for rent in Melbourne, FL under $1,500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Melbourne, FL, where the average rent is $1,344 per month, there are 61 units available for less than $1,500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Melbourne, FL. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Melbourne, FL going for $1,030 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.