Last updated
Average Rent in Melbourne, FL & Rent Trends
Rent prices and market trends across 9 apartment communities in Melbourne, FL. Updated daily.
Market Average
$2,119/mo
▼ 0.1% from last month
Lowest Available
$1,242/mo
cheapest unit on market
Communities
9
tracked daily
Units Listed
73
available now
Rent by Neighborhood in Melbourne, FL
Compare average rent across Melbourne, FL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Melbourne 32934 | $2,149 | - | $1,740 | 1 | 19 |
| Shadow Lawn | $2,030 | ▼ $51 | $1,199 | 8 | 122 |
Is Rent Going Up or Down in Melbourne, FL?
As of September 2026, the average rent in Melbourne, FL is $2,119 per month across 9 apartment communities and 73 available units. Rents have decreased $2 (0.1%) over the past month.
The most affordable option is Hickory Pointe Apartments starting at $1,242/mo. By unit type, a 2-bedroom averages $2,119/mo.
Prices range from $1,242 to $3,287 per month. The most common price point is the $2,000 range, where 35 units are currently listed.
Melbourne, FL Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| September 2026 | $1,873 | - | 9 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Melbourne, FL
Rent Prices by Apartment in Melbourne, FL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hickory Pointe Apartments | $1,242/mo | $1,242/mo | 5 | 4.5 |
| Manatee Cove Apartments | $1,266/mo | $1,266/mo | 1 | 3.1 |
| Topaz Village Apartments & Townhomes | $1,395/mo | $1,395/mo | 1 | 4.2 |
| Legacy At Hibiscus Park | $1,594/mo | $2,409/mo | 4 | 4.5 |
| Mode at Melbourne | $1,790/mo | $1,790/mo | 1 | 4.8 |
| HighLine Apartments | $1,999/mo | $2,169/mo | 4 | 4.5 |
| Madison Midtown | $2,045/mo | $2,108/mo | 33 | 4.8 |
Frequently Asked Questions About Rent in Melbourne, FL
What is the average rent in Melbourne, FL?
Is rent going up or down in Melbourne, FL?
What is the cheapest apartment in Melbourne, FL?
How many apartments are available in Melbourne, FL?
What salary do I need to live comfortably in Melbourne, FL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$85,000/year
Based on the 30 percent rule, using our tracked average rent of $2,119/mo.
Comfortable income
$102,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,242/mo), you need to earn at least $50,000/year.
Median household income in Melbourne, FL is $64,504 , about 37% below the comfortable-living threshold.
Cost of living in Melbourne, FL
Overall prices in Melbourne, FL 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, FL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,119 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,918/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, FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Melbourne, FL Apartments
Browse all 9 communities with daily-updated pricing and availability.