Bedroom count
Property type
Last updated on October 21, 2026
Average rent in
Melbourne, KY
Average rent in
Last updated on October 21, 2026
Bedroom count
Property type
Median rent
Median rent in Melbourne
$1,426/mo
The average rent in Melbourne is $1,426 per month as of October 2026. This is 25% below the national average rent, or $473 less per month.
average price per square foot
Total rentals
Available rentals in Melbourne
11
for rent on Zumper.com as of October 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 9% over the last month.
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 $1,430, whereas a house costs $1,900. 1-bedroom apartments in Melbourne run $1,228 on average, while 2-bedroom apartments are $1,291.
Listings | ||||
|---|---|---|---|---|
Studio | $800 |  3% | - | |
1 bedroom | $1,228 | No Change | - | |
2 bedroom | $1,400 | No Change | - | |
3 bedroom | $1,756 |  3% | - | |
4 bedroom | $2,381 | - | - |
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 | $1,430 | 4% | 1% | |
Condos | $1,500 | - | - | |
Houses | $1,900 | 3% | - |
Studio
Average rent
$800
Last 30 days
3%
1 bedroom
Average rent
$1,228
2 bedroom
Average rent
$1,400
3 bedroom
Average rent
$1,756
Last 30 days
3%
4 bedroom
Average rent
$2,381
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
$1,430
Last 30 days
4%
Last year
1%
Condos
Average rent
$1,500
Houses
Average rent
$1,900
Last 30 days
3%
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
25%lower than the national median
53%lower than the national median
Takeaway
The median rent for all rentals in Melbourne, KY is 59% higher than the median rent in Arlington Heights, OH.
Average rent in nearby cities
Explore rent trends in neighboring markets
$900
45%$1,404
29%$1,141
26%$1,350
30%$1,525
13%$1,495
82%$1,549
$1,725
19%$1,695
17%$1,595
$1,495
12%$1,425
62%Discover rentals in Melbourne, KY
2d ago
5316 Mary Ingles Hwy, Melbourne, KY 41059
Studio
1 bath
$743
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.Apartment for rent
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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 $1,426 per month as of October 17, 2026.
Is rent up or down in Melbourne?
Average rent prices in Melbourne have decreased by 9% over the last month.
How does Melbourne rent compare to the national average?
Rent in Melbourne is 25% below the national average, which means renters are paying approximately $473 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 $57,000/year, based on spending no more than 30% of your income on rent.
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).