Last updated
Average Rent in Melbourne 32934 & Rent Trends
Rent prices and market trends across 1 apartment community in Melbourne 32934, Melbourne, FL. Updated daily.
Market Average
$1,814/mo
Lowest Available
$1,745/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
5
available now
Melbourne 32934 vs Melbourne, FL Average
Melbourne 32934 is cheaper than the Melbourne, FL average by $251/mo (12%). The citywide average is $2,065/mo across all neighborhoods.
Is Rent Going Up or Down in Melbourne 32934?
As of September 2026, the average rent in Melbourne 32934 is $1,814 per month across 1 apartment community and 5 available units.
The most affordable option is Addison Pointe Apartment Homes starting at $1,745/mo. By unit type, a 1-bedroom averages $1,814/mo.
Prices range from $1,745 to $1,930 per month. The most common price point is the $1,600 range, where 3 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Melbourne 32934
Rent Prices by Apartment in Melbourne 32934
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Addison Pointe Apartment Homes | $1,745/mo | $1,814/mo | 5 | 4.7 |
Frequently Asked Questions About Rent in Melbourne 32934
What is the average rent in Melbourne 32934?
Is rent going up or down in Melbourne 32934?
What is the cheapest apartment in Melbourne 32934?
How much is a 1-bedroom apartment in Melbourne 32934?
How many apartments are available in Melbourne 32934?
What salary do I need to live comfortably in Melbourne 32934?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$73,000/year
Based on the 30 percent rule, using our tracked average rent of $1,814/mo.
Comfortable income
$87,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,745/mo), you need to earn at least $70,000/year.
Median household income in Melbourne 32934 is $64,504 , about 26% below the comfortable-living threshold.
Cost of living in Melbourne 32934
Overall prices in Melbourne 32934 runs above the national average by about 1% (BEA Regional Price Parity index 101.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Melbourne 32934's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,814 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,613/mo |
Population
85,718
Median household income
$64,504
Census median rent
$1,411/mo
Census rent burden
32.3%
Median age
42.3
Mean commute
22 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Melbourne 32934 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Melbourne 32934 Apartments
Browse all 1 communities with daily-updated pricing and availability.