Melbourne, FL Rental Market Trends
What is the average rent in Melbourne?
The average rent for an apartment in Melbourne is $1,560. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Melbourne, FL
Last updated July 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,560 | 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
14,589 or 41% of the households in Melbourne, FL are renter-occupied while 20,849 or 59% are owner-occupied.
Melbourne, FL rent trends
Average Rent in Melbourne, FL By Neighborhood
| City | Average Rent |
|---|---|
| Suntree | $1,988 |
| June Park | $1,781 |
| Melbourne Village | $1,781 |
| West Melbourne | $1,781 |
| Palm Shores | $1,754 |
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What are the most affordable neighborhoods in Melbourne?
The most affordable neighborhoods in Melbourne are Palm Shores, where the average rent goes for $1,754/month, June Park, where renters pay $1,781/mo on average, and Melbourne Village, where the average rent goes for $1,781/mo.
What are the most popular neighborhoods in Melbourne?
The most popular neighborhood in Melbourne is West Melbourne, where there are 6 listings with an average rent of $1,781. Next up is Suntree, where apartments go for $1,988/month, followed by June Park with $1,781 If you’re looking to rent in Melbourne’s most popular neighborhoods, make sure to also check out Melbourne Village, where renters pay $1,781 on average, and Palm Shores, where the average monthly rent is $1,754.
Melbourne | Rent Comparison by Neighborhood
Rent in June Park is the same as in Melbourne Village
$1,781
June Park rent is 14% higher than Melbourne average
Average Rent
$1,781
$1,781
Melbourne Village rent is 14% higher than Melbourne average
Average Rent
$1,781
How Melbourne Compares to Other Cities
| State | Average Rent |
|---|---|
| Jacksonville | $1,489 |
| Tampa | $1,911 |
| Miami | $2,645 |
| Kissimmee | $1,768 |
| Orlando | $1,895 |
| Fort Myers | $1,876 |
| Cape Coral | $1,898 |
| Gainesville | $1,695 |
| Lakeland | $1,519 |
| Fort Lauderdale | $2,740 |
| Saint Cloud | $1,853 |
| Palm Bay | $1,545 |
| Melbourne | $1,560 |
| Oviedo | $2,210 |
| Fort Pierce | $1,588 |
| Casselberry | $1,634 |
| West Melbourne | $1,781 |
| Winter Park | $1,672 |
| Cape Canaveral | $1,422 |
| Lake Wales | $1,377 |
| Rockledge | $1,701 |
Most Popular Apartments in Melbourne
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Lake In The Woods
333 Lake In The Woods Dr, Melbourne, FL 32901| STUDIO | $1,298+ |
| 1 BED | $1,437+ |
| 2+ BEDS | $1,840+ |
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Eleven35 Apartments
1135 N Wickham Rd, Melbourne, FL 32935| 1 BED | $1,225 |
| 2 BEDS | $1,450 |
Park Village Apartments
3099 Park Village Way, Melbourne, FL 32935| 1 BED | $1,165+ |
| 2 BEDS | $1,396+ |