Melbourne, FL Rental Market Trends
What is the average rent in Melbourne?
The average rent for an apartment in Melbourne is $1,249, a 14% increase compared to the previous year, when the average rent was $1,100.
Average Rent in Melbourne, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,249||14%||907 sq. ft.|
What is the average apartment size in Melbourne?
The average size for a Melbourne, FL apartment is 907 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Melbourne, FL Apartment Rent Ranges
Melbourne, FL Occupied Housing Units
15,135 or 46% of the households in Melbourne, FL are renter-occupied while 17,630 or 53% are owner-occupied.
Melbourne, FL Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Sep / 2021|
Average Rent in Melbourne, FL By Neighborhood
What are the most affordable neighborhoods in Melbourne?
The most affordable neighborhoods in Melbourne are June Park, where the average rent goes for $1,359/month, Melbourne Village, where renters pay $1,359/mo on average, and West Melbourne, where the average rent goes for $1,359/mo.
What are the most popular neighborhoods in Melbourne?
The most popular neighborhood in Melbourne is West Melbourne, where there are 5 verified RENTCafé listings with an average rent of $1,359. Next up is Suntree, where apartments go for $1,611/month, followed by June Park with $1,359 If you’re looking to rent in Melbourne’s most popular neighborhoods, make sure to also check out Melbourne Village, where renters pay $1,359 on average, and Palm Shores, where the average monthly rent is $1,385.
Melbourne | Rent Comparison by Neighborhood
Rent in June Park is the same as in Melbourne Village
June Park rent is 9% higher than Melbourne average
Melbourne Village rent is 9% higher than Melbourne average
How Melbourne Compares to Other Cities
|Average Rent||Y-o-Y Change|