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Average Rent in Melbourne 32934 & Rent Trends

What is the average rent in Melbourne 32934?

The average listed apartment rent in Melbourne 32934 is $2,146 per month, last observed October 6, 2026. This sample includes 21 priced apartments in 1 building. Current availability is not confirmed.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 1 apartment community in Melbourne 32934, Melbourne, FL. Prices update after successful source checks.

Area All Areas Shadow Lawn
Melbourne 32934
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Melbourne 32934.

Market Average

$2,146/mo

Lowest Listed

$1,695/mo

as of Oct 6

Communities

1

tracked daily

Units Listed

21

as of Oct 6

Rent Watch: cuts and increases

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Melbourne 32934 vs Melbourne, FL Average

Melbourne 32934 is more expensive than the Melbourne, FL average by $214/mo (11%). The citywide average is $1,932/mo across all neighborhoods.

Is Rent Going Up or Down in Melbourne 32934?

As of October 2026, the average rent in Melbourne 32934 is $2,146 per month across 1 apartment community and 21 recently listed units.

The most affordable option is Addison Pointe Apartment Homes starting at $1,695/mo. By unit type, a 1-bedroom averages $1,805/mo, a 2-bedroom averages $2,255/mo, a 3-bedroom averages $2,670/mo.

Prices range from $1,695 to $2,670 per month. The most common price point is the $2,200 range, where 13 units were listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Melbourne 32934

1 Bed
$1,805
from $1,695 · 6 units
2 Bed
$2,255
from $2,035 · 14 units
3 Bed
$2,670
from $2,670 · 1 units

Rent Prices by Apartment in Melbourne 32934

Property Starting at Average Units Rating
Addison Pointe Apartment Homes $1,695/mo $2,146/mo 21 4.7

Frequently Asked Questions About Rent in Melbourne 32934

How many bedrooms are you looking for?

How many bedrooms are you looking for?

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Any bedrooms

What is the average rent in Melbourne 32934?
The average listed apartment rent in Melbourne 32934 is $2,146 per month, last observed October 6, 2026. This sample includes 21 priced apartments in 1 building. Current availability is not confirmed.

What rent range can I find in Melbourne 32934?
The apartment listings we track in Melbourne 32934 range from $1,695 to $2,670 per month, last verified October 6, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Melbourne 32934?
There is not enough comparable history to report a reliable 30-day rent change for apartment listings in Melbourne 32934. Missing dates or a change in the buildings we track can prevent a comparison. Missing history does not mean rents stayed flat.

How much is a 1-bedroom apartment in Melbourne 32934?
1-bedroom apartments average $1,805 per month across 6 priced listings in Melbourne 32934. Listed rents range from $1,695 to $1,930 per month, last verified October 6, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Melbourne 32934?
2-bedroom apartments average $2,255 per month across 14 priced listings in Melbourne 32934. Listed rents range from $2,035 to $2,325 per month, last verified October 6, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Melbourne 32934?
3-bedroom apartments average $2,670 per month across 1 priced listing in Melbourne 32934. Listed rents range from $2,670 to $2,670 per month, last verified October 6, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Melbourne 32934?
The 1-bedroom average is $1,805 per month across 6 listings. The 2-bedroom average is $2,255 across 14 listings, $450 (24.9%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Melbourne 32934?
Addison Pointe Apartment Homes has the lowest starting rent among the buildings in the comparison table, at $1,695 per month. We track 21 priced listings matching your bedroom choice in that building, last verified October 6, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Melbourne 32934?
The $2,200 to $2,400 monthly range has the most matching listings: 13 units, or 61.9% of the priced apartments we track in Melbourne 32934. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Melbourne 32934?
We track 21 priced units at 1 apartment building, last verified October 6, 2026. These are previously listed units. They are not a confirmed count of apartments available today.

How much rent history is available for Melbourne 32934?
We do not yet have enough accepted price records to draw a history chart for apartment listings in Melbourne 32934. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Melbourne 32934?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Melbourne 32934 rent figures?
The listed prices were last verified October 6, 2026. They describe previously listed units, not confirmed availability today. Open the building and apartment details to check for a newer price.

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

$86,000/year

Based on the 30 percent rule, using our tracked average rent of $2,146/mo.

Comfortable income

$103,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,695/mo), you need to earn at least $68,000/year.

Median household income in Melbourne 32934 is $64,504 , about 37% below the comfortable-living threshold.

Explore Melbourne 32934 Apartments

Browse all 1 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $2,146
Utilities $512
Groceries $520
Transportation $1,220
Healthcare $595
Other goods and services $952
Estimated total $5,945/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

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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.
Florida Rent Trends
Compare rent across all Florida cities
Explore Melbourne, FL on Map
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US-wide rent comparison
See how Melbourne, FL rents stack up against the national median

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