Bedroom count
Property type
Last updated on August 2, 2026
Average rent in
Melbourne, FL
Average rent in
Last updated on August 2, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Melbourne, FL rent fell 9.9% year over year, with a current median of $1,800/month. Renters today are paying $221 less per month on average than last year, continuing a downward trend since the peak of $1,966/month in October 2025.
Compared to national trends
Melbourne, FL sits 7.2% more affordable than the $1,940/month national median, with 177 total rentals offering a smaller but varied market for renters.
Price ranges
Studios in Melbourne rent for $1,279/month, 1-bedrooms for $1,324/month, and 2-bedrooms for $1,650/month, with 3-bedrooms at $2,098/month and 4+ bedrooms at $2,600/month. Houses command a median of $2,168/month while apartments are at $1,540/month, reflecting the dominant inventory of houses at 69%.
Neighborhood spotlight
Southgate rents fell 61.2% year over year to $1,475/month across 12 rentals, with Eagle Harbor and Grand Haven also down over 50%. These declines contrast with the citywide 9.9% drop and show localized market shifts.
Median rent
Median rent in Melbourne
$1,800/mo
10%vs previous year
The average rent in Melbourne is $1,800 per month as of August 2026. This is 7% below the national average rent, or $140 less per month.
average price per square foot
Total rentals
Available rentals in Melbourne
177
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Melbourne rentals at each price point
Rent trends in Melbourne, FL
Average rent prices in Melbourne have decreased by 1% 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 $1,540, whereas a house costs $2,167. 1-bedroom apartments in Melbourne run $1,378 on average, while 2-bedroom apartments are $1,595.
Listings | ||||
|---|---|---|---|---|
Studio | $1,279 | 1% |  5% | |
1 bedroom | $1,324 | 2% | 1% | |
2 bedroom | $1,650 | 2% | 5% | |
3 bedroom | $2,097 | 3% | 8% | |
4 bedroom | $2,600 | 7% | 10% |
Listings | ||
|---|---|---|
Annie Laurie Gardens | $2,400 | |
Bowe Gardens | $1,600 | |
Breeze Ridge | $1,705 | |
Eagle Lake | $1,595 | |
Indian River Bluff | $2,100 | |
Magnolia Park | $1,807 | |
Pelican Manor | $1,660 | |
Sherwood Park | $1,910 | |
Sunwood Park | $1,450 | |
University Park | $1,700 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,540 | 2% | No Change | |
Condos | $1,675 | 4% | No Change | |
Houses | $2,167 | No Change | No Change | |
Rooms | $880 | 4% | No Change |
Studio
Average rent
$1,279
Last 30 days
1%
Last year
5%
1 bedroom
Average rent
$1,324
Last 30 days
2%
Last year
1%
2 bedroom
Average rent
$1,650
Last 30 days
2%
Last year
5%
3 bedroom
Average rent
$2,097
Last 30 days
3%
Last year
8%
4 bedroom
Average rent
$2,600
Last 30 days
7%
Last year
10%
Magnolia Park
Average rent
$1,807
Indian River Bluff
Average rent
$2,100
Sherwood Park
Average rent
$1,910
Sunwood Park
Average rent
$1,450
University Park
Average rent
$1,700
Pelican Manor
Average rent
$1,660
Eagle Lake
Average rent
$1,595
Annie Laurie Gardens
Average rent
$2,400
Breeze Ridge
Average rent
$1,705
Bowe Gardens
Average rent
$1,600
Apartments
Average rent
$1,540
Last 30 days
2%
Condos
Average rent
$1,675
Last 30 days
4%
Houses
Average rent
$2,167
Last 30 days
No Change
Rooms
Average rent
$880
Last 30 days
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
7%lower than the national median
3%higher than the national median
Takeaway
The median rent for all rentals in Melbourne, FL is 10% lower than the median rent in Cape Canaveral, FL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,000
3%$2,475
17%$1,650
11%$2,950
2%$3,287
24%$1,985
10%$1,950
2%$2,600
12%$1,930
7%$2,750
1%$2,477
9%$2,017
8%Discover rentals in Melbourne, FL
5d+ ago
Southgate house for rent in Melbourne
200 Southgate Boulevard, Melbourne, FL 32901
5 beds
3 baths
$700
House for rent
5d+ ago
House for rent in Melbourne
4115 Aurora Rd #9, Melbourne, FL 32934
2 beds
1 bath
$750
House for rent
Available Jul 19
5d+ ago
House for rent in Melbourne
4115 Aurora Rd #18, Melbourne, FL 32934
2 beds
1 bath
$750
House for rent
Available Jul 19
12h ago
1032 Hidden Harbour Dr, Melbourne, FL 32935
1–3 beds
1–2 baths
$1,088–$2,115
Price drop
Apartment for rent
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
3256 Kamin Dr, Melbourne, FL 32940
4 beds
3.5 baths
$4,700
House for rent
5d+ ago
House for rent in Melbourne
8212 Paragrass Ave, Melbourne, FL 32940
4 beds
3.5 baths
$4,900
$4,500
Price drop
House for rent
5d+ ago
House for rent in Melbourne
1810 Elizabeth St, Melbourne, FL 32901
4 beds
2 baths
$3,997
House for rent
4d ago
Verified
2700 Croton Road, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,375–$1,450
Apartment for rent
Available May 11
3h ago
Verified
2848 Caribbean Isle Blvd, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,045–$2,112
Price drop
Apartment for rent
Available Aug 2
1d ago
Verified
2992 Rodina Dr, Melbourne, FL 32940
Studio–2 beds
1–2 baths
$1,620–$2,295
Apartment for rent
Available May 23
6h ago
Verified
145 Cinnamon Cove Dr, Melbourne, FL 32901
1–3 beds
1–2 baths
$1,684–$2,259
Price drop
Apartment for rent
2d ago
Verified
100 E University Blvd, Melbourne, FL 32901
1–3 beds
1 bath
$1,199–$1,675
Apartment for rent
Available Aug 2
2d ago
Verified
500 N Wickham Rd, Melbourne, FL 32935
Studio–2 beds
1–2 baths
$1,399–$1,499
Apartment for rent
Available Apr 1
3d ago
Verified
1245 Palm Bay Rd Ne, Melbourne, FL 32905
1–2 beds
1–2 baths
$1,300–$1,425
Apartment for rent
Available Aug 2
5d+ ago
Verified
435 Earl Ave #NA, Melbourne, FL 32901
4 beds
2 baths
$2,200
House for rent
Available Jul 26
4d ago
Verified
2700 Croton Road, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,375–$1,450
Apartment for rent
Available May 11
3h ago
Verified
2848 Caribbean Isle Blvd, Melbourne, FL 32935
1–2 beds
1–2 baths
$1,045–$2,112
Price drop
Apartment for rent
Available Aug 2
1d ago
Verified
2992 Rodina Dr, Melbourne, FL 32940
Studio–2 beds
1–2 baths
$1,620–$2,295
Apartment for rent
Available May 23
6h ago
Verified
145 Cinnamon Cove Dr, Melbourne, FL 32901
1–3 beds
1–2 baths
$1,684–$2,259
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 $1,800 per month as of August 1, 2026.
Is rent up or down in Melbourne?
Average rent prices in Melbourne have decreased by 1% 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 7% below the national average, which means renters are paying approximately $140 less per month.
Which neighborhoods are most affordable in Melbourne?
The most affordable neighborhoods in Melbourne are Sunwood Park ($1,450/mo), Eagle Lake ($1,595/mo), and Bowe Gardens ($1,600/mo).
What salary do I need to afford rent in Melbourne?
To comfortably afford rent in Melbourne, you'd need to earn approximately $72,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Melbourne?
Based on Zumper's July 2026 data, one-bedroom apartments in Melbourne average around $1,450/month and two-bedrooms approximately $1,680/month.
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).