Bedroom count
Property type
Last updated on September 16, 2026
Average rent in
Melbourne, FL
Average rent in
Last updated on September 16, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Melbourne, FL rent slipped 10.1% year over year, with a current median of $1,750/month. Renters today are paying $230 less per month than last year, while month-to-month rent is essentially flat.
Compared to national trends
Melbourne is 7.9% more affordable than the $1,900/month national median, with 185 total rentals offering a smaller but accessible market for renters.
Price ranges
Studios in Melbourne rent for $1,204/month, 1-bedrooms for $1,295/month, 2-bedrooms for $1,600/month, 3-bedrooms for $1,995/month, and 4+ bedrooms for $2,800/month. Houses rent for $2,160/month while apartments sit at $1,495/month, reflecting the inventory split with houses making up 65.1% of rentals.
Neighborhood spotlight
Golf Club Estates rents fell 54.4% year over year to $1,595/month, Weston Park dropped 51.5% to $1,600/month, and Eagle Harbor declined 50.8% to $1,610/month. These local declines contrast with the citywide 10.1% drop and show concentrated cooldowns in these neighborhoods.
Median rent
Median rent in Melbourne
$1,750/mo
10%vs previous year
The average rent in Melbourne is $1,750 per month as of September 2026. This is 8% below the national average rent, or $150 less per month.
average price per square foot
Total rentals
Available rentals in Melbourne
185
for rent on Zumper.com as of September 2026
Rent price distribution
Share of Melbourne rentals at each price point
Rent trends in Melbourne, FL
Average rent prices in Melbourne have remained the same over the last month and have decreased by 10% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Melbourne, FL
Rent prices in Melbourne vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Melbourne is $1,495, whereas a house costs $2,160. 1-bedroom apartments in Melbourne run $1,325 on average, while 2-bedroom apartments are $1,550.
Listings | ||||
|---|---|---|---|---|
Studio | $1,204 |  3% | 3% | |
1 bedroom | $1,295 | 2% | 6% | |
2 bedroom | $1,600 | No Change | 4% | |
3 bedroom | $1,995 | 3% | 10% | |
4 bedroom | $2,800 | 3% | 2% |
Listings | ||
|---|---|---|
Bowe Gardens | $1,400 | |
Fountainhead | $1,920 | |
Greentree Park | $1,800 | |
Indian River Bluff | $1,900 | |
Magnolia Hgts | $1,715 | |
Magnolia Park | $1,799 | |
Sherwood Park | $1,650 | |
Sonesta Walk | $1,810 | |
Southgate | $1,699 | |
Sunwood Park | $1,450 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,495 | No Change | No Change | |
Condos | $1,500 | 4% | No Change | |
Houses | $2,160 | No Change | No Change | |
Rooms | $857 | 2% | 4% |
Studio
Average rent
$1,204
Last 30 days
3%
Last year
3%
1 bedroom
Average rent
$1,295
Last 30 days
2%
Last year
6%
2 bedroom
Average rent
$1,600
Last 30 days
No Change
Last year
4%
3 bedroom
Average rent
$1,995
Last 30 days
3%
Last year
10%
4 bedroom
Average rent
$2,800
Last 30 days
3%
Last year
2%
Bowe Gardens
Average rent
$1,400
Sherwood Park
Average rent
$1,650
Indian River Bluff
Average rent
$1,900
Magnolia Park
Average rent
$1,799
Magnolia Hgts
Average rent
$1,715
Sunwood Park
Average rent
$1,450
Greentree Park
Average rent
$1,800
Fountainhead
Average rent
$1,920
Southgate
Average rent
$1,699
Sonesta Walk
Average rent
$1,810
Apartments
Average rent
$1,495
Last 30 days
No Change
Condos
Average rent
$1,500
Last 30 days
4%
Houses
Average rent
$2,160
Last 30 days
No Change
Rooms
Average rent
$857
Last 30 days
2%
Last year
4%
The table above reflects average rent prices in Melbourne, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Melbourne, FL compare to other cities?
Compare median rent prices in Melbourne and Cape Canaveral by all bedroom counts and property types.
Melbourne
8%lower than the national median
5%higher than the national median
Takeaway
The median rent for all rentals in Melbourne, FL is 13% lower than the median rent in Cape Canaveral, FL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,000
6%$2,475
19%$1,640
5%$2,837
2%$3,250
16%$1,995
8%$1,917
2%$2,525
12%$2,022
4%$3,000
3%$2,490
7%$1,995
1%Discover rentals in Melbourne, FL
5d+ ago
Southgate house for rent in Melbourne
200 Southgate Blvd, Melbourne, FL 32901
5 beds
3 baths
$700
House for rent
5d+ ago
House for rent in Melbourne
4115 Aurora Rd #24, Melbourne, FL 32934
1 bed
1 bath
$750
House for rent
Available Aug 20
20h ago
1032 Hidden Harbour Dr, Melbourne, FL 32935
1–3 beds
1–2 baths
$958–$1,931
Price drop
Apartment for rent
18h ago
Apartment for rent in Melbourne
901 Hickory St #207, Melbourne, FL 32901
2 beds
1 bath
$1,225
Apartment for rent
Available Sep 1
5d+ ago
University Park house for rent in Melbourne
2917 Stetson St, Melbourne, FL 32901
5 beds
3 baths
$5,000
House for rent
5d+ ago
House for rent in Melbourne
8367 Gullen Dr, Melbourne, FL 32940
4 beds
4 baths
$4,650
House for rent
5d+ ago
House for rent in Melbourne
2737 Kamin Dr, Melbourne, FL 32940
4 beds
3.5 baths
$4,500
House for rent
5d+ ago
House for rent in Melbourne
7940 Sedem Pl, Melbourne, FL 32940
4 beds
3 baths
$4,000
House for rent
11h ago
Verified
2700 Croton Road, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,375–$1,450
Apartment for rent
Available May 11
11h ago
Verified
2992 Rodina Dr, Melbourne, FL 32940
Studio–2 beds
1–2 baths
$1,750–$2,320
Apartment for rent
Available Jun 30
1d ago
Verified
2848 Caribbean Isle Blvd, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,040–$2,142
Price drop
Apartment for rent
Available Sep 16
14h ago
Verified
145 Cinnamon Cove Dr, Melbourne, FL 32901
1–3 beds
1–2 baths
$1,869–$2,665
Price drop
Apartment for rent
5d+ ago
Verified
500 N Wickham Rd, Melbourne, FL 32935
Studio–2 beds
1–2 baths
$1,325–$1,479
Price drop
Apartment for rent
Available Apr 1
5d+ ago
Verified
4835 Erin Ln, Melbourne, FL 32940
3 beds
2 baths
$2,445
House for rent
Available Sep 17
5d+ ago
Verified
4164 Fenrose Cir, Melbourne, FL 32940
4 beds
2 baths
$2,895
$2,749
Price drop
House for rent
Available Sep 2
5d+ ago
Verified
4403 Gamwell Dr, Melbourne, FL 32935
4 beds
2 baths
$2,010
House for rent
Available Sep 16
11h ago
Verified
2700 Croton Road, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,375–$1,450
Apartment for rent
Available May 11
11h ago
Verified
2992 Rodina Dr, Melbourne, FL 32940
Studio–2 beds
1–2 baths
$1,750–$2,320
Apartment for rent
Available Jun 30
1d ago
Verified
2848 Caribbean Isle Blvd, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,040–$2,142
Price drop
Apartment for rent
Available Sep 16
14h ago
Verified
145 Cinnamon Cove Dr, Melbourne, FL 32901
1–3 beds
1–2 baths
$1,869–$2,665
Price drop
Apartment for rent
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Frequently asked questions for Melbourne, FL
Quick answers to common questions about the Melbourne rental market.
How much is rent in Melbourne?
The average rent in Melbourne is $1,750 per month as of September 12, 2026.
Is rent up or down in Melbourne?
Average rent prices in Melbourne have remained the same over the last month and have decreased by 10% since last year.
How does Melbourne rent compare to the national average?
Rent in Melbourne is 8% below the national average, which means renters are paying approximately $150 less per month.
Which neighborhoods are most affordable in Melbourne?
The most affordable neighborhoods in Melbourne are Bowe Gardens ($1,400/mo), Sunwood Park ($1,450/mo), and Sherwood Park ($1,650/mo).
What salary do I need to afford rent in Melbourne?
To comfortably afford rent in Melbourne, you'd need to earn approximately $70,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Melbourne?
December offers the lowest rents in Melbourne, with prices running about 3.7% below the February peak season. September and October also see less competitive conditions with reduced demand.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).