Bedroom count
Property type
Last updated on June 8, 2026
Average rent in
Melbourne, KY
Average rent in
Last updated on June 8, 2026
Bedroom count
Property type
Median rent
Median rent in Melbourne
$1,250/mo
4%vs previous year
The average rent in Melbourne is $1,250 per month as of June 2026. This is 36% below the national average rent, or $700 less per month.
average price per square foot
Total rentals
Available rentals in Melbourne
11
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Melbourne rentals at each price point
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Melbourne, KY, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Melbourne, KY
Average rent prices in Melbourne have remained the same over the last month and have increased by 4% 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, KY
Rent prices in Melbourne vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Melbourne is $1,515, whereas a house costs $2,200. 1-bedroom apartments in Melbourne run $1,180 on average, while 2-bedroom apartments are $1,395.
Listings | ||||
|---|---|---|---|---|
Studio | $1,425 | - | - | |
1 bedroom | $1,440 | No Change | 34% | |
2 bedroom | $1,450 | No Change | 22% | |
3 bedroom | $1,835 | No Change | 58% | |
4 bedroom | $2,150 | - | - |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Melbourne, KY.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,515 | - | No Change | |
Condos | $1,400 | - | - | |
Houses | $2,200 | No Change | No Change |
Studio
Average rent
$1,425
1 bedroom
Average rent
$1,440
Last year
34%
2 bedroom
Average rent
$1,450
Last year
22%
3 bedroom
Average rent
$1,835
Last year
58%
4 bedroom
Average rent
$2,150
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Melbourne, KY.
Apartments
Average rent
$1,515
Condos
Average rent
$1,400
Houses
Average rent
$2,200
The table above reflects average rent prices in Melbourne, KY, 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, KY compare to other cities?
Compare median rent prices in Melbourne and Arlington Heights by all bedroom counts and property types.
Melbourne
36%lower than the national median
50%lower than the national median
Takeaway
The median rent for all rentals in Melbourne, KY is 29% higher than the median rent in Arlington Heights, OH.
Average rent in nearby cities
Explore rent trends in neighboring markets
$970
3%$1,700
34%$1,295
55%$1,749
27%$1,525
$1,405
38%$1,699
11%$1,515
29%$1,495
13%$1,675
$1,510
7%$1,626
109%Discover rentals in Melbourne, KY
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,200
House for rent
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,200
House for rent
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,200
House for rent
Stay up to date with rental market insights
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Frequently asked questions for Melbourne, KY
Quick answers to common questions about the Melbourne rental market.
How much is rent in Melbourne?
The average rent in Melbourne is $1,250 per month as of June 6, 2026.
Is rent up or down in Melbourne?
Average rent prices in Melbourne have remained the same over the last month and have increased by 4% since last year.
How does Melbourne rent compare to the national average?
Rent in Melbourne is 36% below the national average, which means renters are paying approximately $700 less per month.
What salary do I need to afford rent in Melbourne?
To comfortably afford rent in Melbourne, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Melbourne?
Melbourne offers excellent options for pet owners, with 100% of available apartments welcoming pets. The compact rental market ensures that renters with pets have access to all available units without restrictions.
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).