Bedroom count
Property type
Last updated on July 23, 2026
Average rent in
Melbourne, KY
Average rent in
Last updated on July 23, 2026
Bedroom count
Property type
Median rent
Median rent in Melbourne
$1,245/mo
4%vs previous year
The average rent in Melbourne is $1,245 per month as of July 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 July 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 decreased by 2% 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 $1,545, whereas a house costs $1,895. 1-bedroom apartments in Melbourne run $1,075 on average, while 2-bedroom apartments are $1,550.
Listings | ||||
|---|---|---|---|---|
Studio | $800 | - | - | |
1 bedroom | $1,175 | No Change | 24% | |
2 bedroom | $1,395 | No Change | 16% | |
3 bedroom | $1,865 |  2% | 49% | |
4 bedroom | $1,895 | - | - |
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 | $1,545 | - | No Change | |
Condos | $1,450 | - | No Change | |
Houses | $1,895 | 2% | No Change |
Studio
Average rent
$800
1 bedroom
Average rent
$1,175
Last year
24%
2 bedroom
Average rent
$1,395
Last year
16%
3 bedroom
Average rent
$1,865
Last 30 days
2%
Last year
49%
4 bedroom
Average rent
$1,895
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
$1,545
Condos
Average rent
$1,450
Houses
Average rent
$1,895
Last 30 days
2%
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
54%lower than the national median
Takeaway
The median rent for all rentals in Melbourne, KY is 38% higher than the median rent in Arlington Heights, OH.
Average rent in nearby cities
Explore rent trends in neighboring markets
$900
30%$1,400
39%$1,545
45%$1,495
31%$1,475
$1,300
19%$1,395
23%$1,587
34%$1,600
25%$1,775
$1,718
9%$1,450
38%Discover rentals in Melbourne, KY
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,150
$2,050
Price drop
House for rent
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,150
$2,050
Price drop
House for rent
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,150
$2,050
Price drop
House for rent
4d ago
5316 Mary Ingles Hwy, Melbourne, KY 41059
Studio
1 bath
$675
Apartment for rent
5d+ ago
House for rent in Melbourne
3 beds
2 baths
$2,150
$2,050
Price drop
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 $1,245 per month as of July 18, 2026.
Is rent up or down in Melbourne?
Average rent prices in Melbourne have decreased by 2% 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?
Based on our current listings, all available apartments in Melbourne, Florida welcome pets, with 100% of the roughly 2 monthly listings being pet-friendly.
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).