Apartments for Rent in Melrose Park, Fort Lauderdale, FL

Melrose Park, Fort Lauderdale apartment availability

Melrose Park's rental market offers a good selection of listings, with an average of 22 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, with the latter being the most prevalent. Many of these apartments offer desirable amenities, including outdoor spaces, dishwashers, and air conditioning, which are available in approximately 52%, 40%, and 42% of rentals, respectively. This combination of variety and amenities makes Melrose Park a viable option for renters seeking a comfortable living experience in Fort Lauderdale.

Melrose Park, Fort Lauderdale rental market trends

Melrose Park, Fort Lauderdale's rental market has experienced a slight decline in average rent prices, with a year-over-year decrease of 1.5% to $3,178 per month in 2024. However, this trend varies by bedroom count. While 1-bedroom units saw a modest 0.5% increase to $1,316 per month, 2-bedroom units experienced a significant 10.5% jump to $2,194 per month. In contrast, 3-bedroom units and studios saw declines of 1.5% and 11.9%, respectively.

The most expensive month to rent in Melrose Park is January, with prices 24.3% higher than in November, the least expensive month. This significant difference in rent prices between the peak and off-peak seasons presents an opportunity for budget-conscious renters to find more affordable options during the latter part of the year. Overall, the rental market in Melrose Park, Fort Lauderdale, offers a range of options for renters, with varying price points depending on the time of year and bedroom count.

Why Melrose Park, Fort Lauderdale is a great place to live

We've analyzed data from the last few years to understand what makes Melrose Park, Fort Lauderdale, an attractive neighborhood for renters. Our findings suggest that Melrose Park is an excellent choice for those who value a vibrant social life.

The neighborhood's well-designed street infrastructure, frequent transit options, and substantial population create a lively atmosphere. Additionally, Melrose Park's strong safety record and high walk score make it an ideal location for those who enjoy exploring their community on foot. With its unique blend of amenities, Melrose Park is perfect for renters seeking an active and engaging social life.