Average Rent in Melbourne, FL

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Current Versus Historical Melbourne, FL Rents

Melbourne rentals average $1,300 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,900, or roughly $20 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $350 (36.84%) year-over-year from $950 to $1,300. 1-bedroom rentals prices have increased by $18 (1.46%) year-over-year from $1,257 to $1,275. 2-bedroom rentals prices have increased by $104 (6.53%) year-over-year from $1,596 to $1,700. 3-bedroom rentals prices have increased by $35 (1.69%) year-over-year from $2,065 to $2,100. 4-bedroom rentals prices have increased by $42 (1.69%) year-over-year from $2,458 to $2,500. 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 down by 27.78% this month. 1-bedroom rents have gone up by 1.66% this month. 2-bedroom rents have gone up by 0.99% this month. 3-bedroom rents have gone up by 0.40% this month. 4-bedroom rents have gone down by 0.66% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$50.00	$1,300	$950 (36.84%)	$1,200 (8.33%)
1 BR	$25.09	$1,275	$1,257 (1.46%)	$1,270 (0.39%)
2 BR	$19.83	$1,700	$1,596 (6.53%)	$1,567 (8.51%)
3 BR	$18.90	$2,100	$2,065 (1.69%)	$2,216 (-5.23%)
4+ BR	$17.32	$2,500	$2,458 (1.69%)	$2,583 (-3.23%)

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 $1,700, 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. One bedrooms are about 5.29% more affordable. Two bedrooms in Melbourne, FL are about 3.62% more expensive. Finally, rent for three bedrooms are about 9.52% 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	$1,250	$1,275	$1,700
Rockledge, FL	N/A	$1,290	$1,663	$1,950
Palm Bay, FL	$1,100	$1,250	$1,550	$2,050
West Melbourne, FL	N/A	$1,400	$1,738	$2,100
Cape Canaveral, FL	$1,150	$1,400	$2,100	$2,100
Merritt Island, FL	N/A	$1,343	$1,600	$2,238
Cocoa Beach, FL	$1,400	$1,975	$2,500	$2,500

Top Neighborhoods Near Melbourne

There are a total of 1 neighborhoods in or near Melbourne. One neighborhood in the area is Port Malabar Country Club. We've included all of these top 1 neighborhoods in or near Melbourne, FL in the following table.

The average rent for these 1 neighborhoods in or near Melbourne, FL is currently around $1,725 per month. A total of one neighborhood has a lower average rent. Interestingly, the neighborhoods' average rent is less than Melbourne's average rent, which is actually $1,900. Out of all the neighborhoods in or near Melbourne, Port Malabar Country Club has the most affordable average rent at $1,725 per month. Whereas, at $1,725 average rent per month, Port Malabar Country Club is the most expensive neighborhood in or near Melbourne. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Port Malabar Country Club, Palm Bay, FL	N/A	$1,300	$1,500	$1,725

Top Counties Near Melbourne

There are a total of 7 counties located by Melbourne, FL. Some of these counties include Melbourne, FL, Cocoa-Rockledge, FL, and Palm Bay, FL. The average rent for rentals in these counties is $2,400. That's roughly around $20 per sqft. The county that is the most affordable is Melbourne, FL. Its average rent per month is $1,950. Vice versa, with an average rent of $3,000, Melbourne Shores-Floridana Beach, FL is the most expensive county by Melbourne, FL.

Typically, rent for studios in Melbourne, FL is 11.54% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Melbourne, FL is 5.29% more affordable than other counties nearby. Finally, rent for two bedrooms in Melbourne, FL is 1.45% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Melbourne, FL	$1,300	$1,295	$1,700	$1,950
Cocoa-Rockledge, FL	$1,150	$1,349	$1,650	$2,000
Palm Bay, FL	$1,100	$1,250	$1,550	$2,050
Cocoa Beach-Cape Canaveral, FL	$1,150	$1,650	$2,300	$2,400
Merritt Island, FL	N/A	$1,343	$1,600	$2,450
Indialantic-Melbourne Beach, FL	$1,600	$1,650	$2,225	$2,700
Melbourne Shores-Floridana Beach, FL	N/A	N/A	$2,300	$3,000

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 $2,150. A total of 3 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 32905, Palm Bay, FL at $1,700 per month. In comparison, the zipcode with the most expensive average rent of $2,650 per month is 32940, Viera West, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Melbourne, FL is $1,349 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,700 per month. Which comes out to $20 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	$1,450	$2,125	$2,650
32905, Palm Bay, FL	N/A	$1,275	$1,550	$1,700
32935, Melbourne, FL	$1,300	$1,275	$1,700	$1,800
32901, Melbourne, FL	$900	$1,275	$1,663	$1,775
32904, June Park, FL	N/A	$1,500	$1,700	$2,150
32940, Viera West, FL	N/A	$1,450	$1,900	$2,650
32955, Rockledge, FL	N/A	$1,349	$1,675	$2,175

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 $1,300 and an average price per square feet of $50.00. There are a total of 7 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 $1,275 and an average price per square feet of $25.09. There are a total of 31 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 $1,725 and an average price per square feet of $19.83. There are a total of 66 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 0.37%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by 0.02% 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.