Last updated September 26, 2026

Average Rent in Shadow Lawn & Rent Trends

Rent prices and market trends across 8 apartment communities in Shadow Lawn, Melbourne, FL. Updated daily.

Area All Areas Shadow Lawn

Melbourne 32934

Beds All Bedrooms 1 Bed 2 Bed 3 Bed

Market Average

$2,030/mo

▼ 0.1% from last month

Lowest Available

$1,199/mo

cheapest unit on market

Communities

tracked daily

Units Listed

122

available now

Shadow Lawn vs Melbourne, FL Average

Shadow Lawn is cheaper than the Melbourne, FL average by $16/mo (1%). The citywide average is $2,046/mo across all neighborhoods.

Is Rent Going Up or Down in Shadow Lawn?

As of September 2026, the average rent in Shadow Lawn is $2,030 per month across 8 apartment communities and 122 available units. Rents have decreased $1 (0.1%) over the past month.

The most affordable option is Topaz Village Apartments & Townhomes starting at $1,199/mo. By unit type, a 1-bedroom averages $1,877/mo, a 2-bedroom averages $2,088/mo, a 3-bedroom averages $2,525/mo.

Prices range from $1,199 to $4,561 per month. The most common price point is the $2,000 range, where 50 units are currently listed.

Shadow Lawn Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
September 2026	$1,839	-	8

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.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Shadow Lawn

1 Bed

$1,877

from $1,199 · 52 units

2 Bed

$2,088

from $1,242 · 61 units

3 Bed

$2,525

from $1,464 · 9 units

Rent Prices by Apartment in Shadow Lawn

Property	Starting at	Average	Units	Rating
Topaz Village Apartments & Townhomes	$1,199/mo	$1,374/mo	4	4.2
Hickory Pointe Apartments	$1,242/mo	$1,242/mo	5	4.5
Manatee Cove Apartments	$1,266/mo	$1,365/mo	2	3.1
Legacy At Hibiscus Park	$1,499/mo	$2,545/mo	12	4.5
Madison Midtown	$1,603/mo	$1,958/mo	59	4.8
Mode at Melbourne	$1,790/mo	$1,893/mo	2	4.8
HighLine Apartments	$1,995/mo	$2,075/mo	12	4.5
Parasol Melbourne	$2,010/mo	$2,251/mo	26	4.5

Frequently Asked Questions About Rent in Shadow Lawn

What is the average rent in Shadow Lawn?

The average rent in Shadow Lawn is $2,030 per month as of September 2026, based on 122 units across 8 apartment communities.

Is rent going up or down in Shadow Lawn?

Rent in Shadow Lawn has decreased $1 (0.1%) over the past month. The current average is $2,030/mo.

What is the cheapest apartment in Shadow Lawn?

The most affordable apartment in Shadow Lawn is Topaz Village Apartments & Townhomes with units starting at $1,199/mo.

How much is a 1-bedroom apartment in Shadow Lawn?

A 1-bedroom apartment in Shadow Lawn averages $1,877/mo, with prices starting at $1,199/mo across 52 available units.

How many apartments are available in Shadow Lawn?

There are 122 units available across 8 apartment communities in Shadow Lawn.

What salary do I need to live comfortably in Shadow Lawn?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$81,000/year

Based on the 30 percent rule, using our tracked average rent of $2,030/mo.

Comfortable income

$97,000/year

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

To afford the cheapest tracked apartment ($1,199/mo), you need to earn at least $48,000/year.

Median household income in Shadow Lawn is $64,504 , about 34% below the comfortable-living threshold.

Cost of living in Shadow Lawn

Overall prices in Shadow Lawn 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 Shadow Lawn's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$2,030	daily refresh
Utilities	$512	BLS × BEA RPP
Groceries	$520	BLS × BEA RPP
Transportation	$1,220	BLS × BEA RPP
Healthcare	$595	BLS × BEA RPP
Other goods and services	$952	BLS × BEA RPP
Estimated total	$5,829/mo	$69,947/year

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.

Florida Rent Trends

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US-wide rent comparison

See how Melbourne, FL rents stack up against the national median