Average Rent in Melbourne, FL

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Current Versus Historical Melbourne, FL Rents

Melbourne rentals average $2,100 for a studio rental to $2,550 for a 4-bedroom rental. The median price of all currently available listings is $1,900, or roughly $18 per square feet.

For the apartment units and housing in October 2026, median rents have fallen over the last year. Studio rentals prices have increased by $390 (22.81%) year-over-year from $1,710 to $2,100. 1-bedroom rentals prices have decreased by $101 (-7.64%) year-over-year from $1,326 to $1,225. 2-bedroom rentals prices have increased by $43 (2.66%) year-over-year from $1,632 to $1,675. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,000 to $2,000. 4-bedroom rentals prices have increased by $133 (5.52%) year-over-year from $2,417 to $2,550. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 14.55% this month. 1-bedroom rents have gone down by 0.61% this month. 2-bedroom rents have gone down by 2.90% this month. 3-bedroom rents have gone up by 2.17% this month. 4-bedroom rents have gone up by 5.52% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$55.38	$2,100	$1,710 (22.81%)	$1,292 (62.58%)
1 BR	$23.92	$1,225	$1,326 (-7.64%)	$1,317 (-6.96%)
2 BR	$19.98	$1,675	$1,632 (2.66%)	$1,583 (5.79%)
3 BR	$17.33	$2,000	$2,000 (0.00%)	$2,103 (-4.91%)
4+ BR	$17.00	$2,550	$2,417 (5.52%)	$2,383 (6.99%)

Historical Rents in Melbourne, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Melbourne

There are a total of 7 cities nearby Melbourne. The average rent in Melbourne is currently $2,100 per month. Only one city nearby has an average rent lower than that. Our records show that Cocoa, FL, with an average rent of $1,598, is the most affordable city nearby. In contrast, the most expensive city near Melbourne, FL is Cocoa Beach, FL. Monthly rents here are on average $2,500 per month.

Let's compare Melbourne, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Melbourne, FL is 44.33% more expensive than other cities nearby. One bedrooms are about 14.29% more affordable. Two bedrooms in Melbourne, FL are about 0.73% more expensive. Finally, rent for three bedrooms are about 10.00% more affordable. Want more information? Check out the top 7 cities near Melbourne, FL in the following table.

City	Studio	1 Bed	2 Bed	All
Cocoa, FL	N/A	$1,200	$1,363	$1,598
Rockledge, FL	N/A	$1,230	$1,695	$2,000
Cape Canaveral, FL	$1,250	$1,400	$2,100	$2,000
Palm Bay, FL	$1,169	$1,995	$1,700	$2,100
West Melbourne, FL	N/A	$1,375	$1,700	$2,200
Merritt Island, FL	$1,500	$1,450	$1,550	$2,325
Cocoa Beach, FL	$1,500	$1,825	$2,600	$2,500

Top Neighborhoods Near Melbourne

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Melbourne

There are a total of 7 counties located by Melbourne, FL. Some of these counties include Cocoa-Rockledge, FL, Melbourne, FL, and Palm Bay, FL. The average rent for rentals in these counties is $2,288. That's roughly around $19 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cocoa-Rockledge, FL. Its average rent per month is $1,898. Vice versa, with an average rent of $2,875, Indialantic-Melbourne Beach, FL is the most expensive county by Melbourne, FL.

Typically, rent for studios in Melbourne, FL is 28.57% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Melbourne, FL is 22.45% more affordable than other counties nearby. Finally, rent for two bedrooms in Melbourne, FL is 1.46% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cocoa-Rockledge, FL	N/A	$1,200	$1,700	$1,898
Melbourne, FL	$2,100	$1,275	$1,650	$1,900
Palm Bay, FL	$1,169	$1,995	$1,738	$2,100
Cocoa Beach-Cape Canaveral, FL	$1,500	$1,500	$2,300	$2,288
Merritt Island, FL	$1,500	$1,450	$1,588	$2,400
West Brevard, FL	N/A	$1,500	$2,650	$2,700
Indialantic-Melbourne Beach, FL	$1,648	$1,800	$2,425	$2,875

Top Zipcodes Near Melbourne

There are a total of 7 zipcodes in or near Melbourne, FL. The average rent for all of these zipcodes is $2,000. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 32935, Melbourne, FL at $1,838 per month. In comparison, the zipcode with the most expensive average rent of $2,800 per month is 32937, Indian Harbour Beach, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Melbourne, FL is $1,463 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,700 per month. Which comes out to $19 per sqft. The following table includes the top 7 zipcodes in Melbourne, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
32937, Indian Harbour Beach, FL	N/A	$1,850	$2,350	$2,800
32905, Palm Bay, FL	$1,169	$2,175	$1,700	$1,976
32935, Melbourne, FL	$1,700	$1,213	$1,650	$1,838
32901, Melbourne, FL	$2,100	$1,250	$1,575	$1,900
32904, June Park, FL	N/A	$1,450	$1,700	$2,095
32940, Viera West, FL	N/A	$1,485	$1,900	$2,500
32955, Rockledge, FL	N/A	$1,463	$1,650	$2,000

Frequently Asked Questions - Melbourne Average Rents

What is the average rent price in Melbourne, FL?

The average monthly rental price for Melbourne, FL apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Melbourne, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Melbourne, FL.

How much is a studio apartment in Melbourne, FL?

The average monthly rental price for studio apartments is $2,100 and an average price per square feet of $55.38. There are a total of 3 studio apartment listings currently available for rent in Melbourne.

How much is a one bedroom apartment in Melbourne, FL?

The average monthly rental price for one bedroom apartments is $1,225 and an average price per square feet of $23.92. There are a total of 41 one bedroom apartment listings currently available for rent in Melbourne.

How much is a two bedroom apartment in Melbourne, FL?

The average monthly rental price for two bedroom apartments is $1,713 and an average price per square feet of $19.98. There are a total of 64 two bedroom apartment listings currently available for rent in Melbourne.

How have rent prices in Melbourne, FL changed this year?

Rent prices for rentals in Melbourne, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.23%, one bedroom rental prices have changed by -0.08%, two bedroom rental prices have changed by 0.03%, three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Melbourne, FL?

A reasonable rent price in Melbourne, FL is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.