West Melbourne, FL Rental Market Trends
Highlights
The average rent for an apartment in West Melbourne is $1,343, a 1% increase compared to the previous year, when the average rent was $1,327.
Average Rent in West Melbourne, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,343 | 1% | 1,061 sq. ft. |
The average size for a West Melbourne, FL apartment is 1,061 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.
West Melbourne, FL Apartment Rent Ranges
- $701-$1,0001%
- $1,001-$1,50081%
- $1,501-$2,00018%
West Melbourne, FL Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
3,095 or 38% of the households in West Melbourne, FL are renter-occupied while 4,851 or 61% are owner-occupied.
West Melbourne, FL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| West Melbourne, FL | $1,190 | $1,190 | $1,316 | $1,273 | $1,333 | $1,327 | $1,307 | $1,345 | $1,343 |
| National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
How West Melbourne Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,159 | 5% |
| Kissimmee | $1,358 | -2% |
| Miami | $1,697 | -1% |
| Tampa | $1,395 | 3% |
| Orlando | $1,389 | -3% |
| Palm Bay | $1,132 | 11% |
| Saint Cloud | $1,428 | 2% |
| Meadow Woods | $1,465 | -3% |
| Rockledge | $1,468 | 1% |
| West Melbourne | $1,343 | 1% |
| Viera West | $1,542 | -1% |
For more information about the West Melbourne rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!