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113 Apartments for rent in Melbourne, FL

Last updated June 19 at 3:19pm UTC
Princeton Parc
4714 Crosswind Ct
Melbourne, FL
Updated June 19 at 1:17pm UTC
1 Bedroom
$1,150
2 Bedrooms
$1,200
3 Bedrooms
$1,495
6431 Borasco Drive
Highlands Viera
Melbourne, FL
Updated June 19 at 2:59pm UTC
1 Bedroom
$1,075
846 Barbados Avenue
Lakeside
Melbourne, FL
Updated June 19 at 2:51pm UTC
3 Bedrooms
$1,300
3601 Titanic Circle
Melbourne
Melbourne, FL
Updated June 19 at 2:51pm UTC
4 Bedrooms
$2,200
825 E University Blvd
Briarwood Park
Melbourne, FL
Updated June 19 at 9:32am UTC
2 Bedrooms
$700
1656 Grand Isle Blvd
Grand Isle
Melbourne, FL
Updated June 19 at 9:25am UTC
4 Bedrooms
$2,100
1043 Ellen Court E043
Melbourne
Melbourne, FL
Updated June 19 at 9:23am UTC
2 Bedrooms
$900
269 SAN PAULO CT UNIT 17-269
Melbourne
Melbourne, FL
Updated June 19 at 9:23am UTC
1 Bedroom
$1,250
535 Edward Rd
Canova Park
Melbourne, FL
Updated June 19 at 9:19am UTC
3 Bedrooms
$1,275
2725 Bradfordt Drive
Westbrooke
Melbourne, FL
Updated June 19 at 9:05am UTC
4 Bedrooms
$1,699
745 Myrtlewood Lane
Melbourne
Melbourne, FL
Updated June 19 at 9:05am UTC
3 Bedrooms
$1,525
815 Glenmore Circle
Magnolia Manor
Melbourne, FL
Updated June 19 at 9:05am UTC
3 Bedrooms
$1,375
2762 Hereford Road
Living Homes Estates
Melbourne, FL
Updated June 19 at 2:27am UTC
4 Bedrooms
$1,400
736 Aurora Road
Melbourne
Melbourne, FL
Updated June 19 at 9:05am UTC
3 Bedrooms
$1,850
128 Preston Lane
Melbourne
Melbourne, FL
Updated June 19 at 9:25am UTC
2 Bedrooms
$925
City Guide
Melbourne
Put another shrimp on the barbie

‘Ello, Mate! Welcome to Melbourne! Fosters, Crocodile Dundee, dingoes, koalas, kangaroos, etc. Just kidding. You’re moving to Melbourne, Florida, a central coast town with a fairly progressive attitude and a large community of vacationers and seniors. Now, let’s get started on your apartment search, dude.

Melbourne: From Space Coast to Beach Boasts

Melbourne is located in Brevard County, along the Space Coast, so named for the proximity to NASA launching station, Cape Canaveral. The Space Shuttle program came to an end in 2011, but look in the sky for SpaceX Dragon and Cygnus programs with astronauts aboard.

So, though the area no longer sends men to the moon (or so they tell you), it does have, duh, amazing beaches. Though the City of Melbourne is located inland on the Indian River Lagoon, you are within a quick drive or bus trip to some of the best beaches in central Florida, including Cocoa Beach and Merritt Island.

If for some reason you’re moving to Melbourne and you are horribly terrified of beautiful beaches, sunsets, dolphins and/or seashells, that’s okay too! The city proper has a historic downtown area and arts district, featuring the Foosaner Art Museum. Additionally, the city has numerous restaurants (including some highly sought after local places serving otherworldly Cuban food – El Ambia and the unoriginally named The Cuban Sandwich – sorry locals for pulling back those curtains), bars and shopping centers that are easily accessible from all parts of the city.

Beachside

Because of its diverse population, Melbourne neighborhoods are kind of a mixed bag. Additionally, neighboring Brevard County cities—like Indialantic, Palm Bay and Viera—are all nestled in close to each other, so border neighborhoods tend to take on the character of the closest cities.

Seaside living is far and away the most expensive real estate in town. Yes, there are a lot of condos and apartments in newer construction complexes along the waterfront, but many of these places make their big bucks in vacation rentals, and have above market rent for long term. Again, Melbourne proper is located on the Indian River Lagoon, but connected to beachside towns and communities by the Melbourne Causeway—including the towns of Indialantic and Melbourne Beach. Two bedroom apartments on the on the ocean-side of the causeway generally go for $1150-1300.

Inland

Inland Melbourne apartments are much less expensive and also have the added benefit of being located in a less transient community—here you’ll be close to community facilities and shopping centers.Check out your block and talk to other residents before settling on a neighborhood.

North Inland

Northern inland communities, towards the neighboring town of Viera, tend to be more desireable. Because Viera is a newly built and incorporated town, you’ll find a lot of opportunities in condos and apartment buildings. This is great news if you like a suburban neighborhood feel, but if you find this type of construction too cookie cutter, set your sights to the south.

South Inland

Most southern inland communities have less in the way of new and well-maintained apartments with complex-style amenities. If you’re looking for a house, southern inland neighborhoods will be your best bet, as there are a number of single-family homes for rent in this area. Avoid the area directly adjacent to the Florida Institute of Technology, particularly on the east side of campus. Two bedrooms in inland Melbourne generally range from $550-800, depending on amenities and rental type.

Rental Tips

Fear not intrepid Space Coast astronaut-pioneer! Melbourne has an extremely rental-friendly housing market, with a diverse body of rentals—everything from studio apartments to condos to single-family homes.

But, Melbourne is a vacation city that is also popular with the retirement crowd. If possible, start your apartment search during the summer off-season, when there will be less competition and lower rates for rentals. If this isn’t possible, start your apartment search at least two months before your winter move-in date to guarantee enough time to find an ideal rental.

In general, you can find great rentals without the aid of real estate agents through online apartment searches (heyooo!) or in the classifieds. Background and credit check fees range from $30-50.

Transportation

Commuting in and around Brevard County is fairly painless, particularly if you already live in Melbourne. Many area residents commute to the downtown business center from nearby cities, so living in town will save you some highway hassle. However, if you find yourself needing to get to Palm Bay or Viera for work, I-95 rush hour is brief (generally from 8-9:30 in the morning, and 5-6:30 in the evening), and will only cause minor delays.

The Space Coast Area Transit system (ha-ha, SCAT) provides Brevard County residents with fixed route bus services throughout Melbourne and into neighboring Palm Bay, Rockledge, Merritt Island and Cocoa Beach.

There you have it, fair Melbourne apartment hunter! We have lift off. Up, up, and away. It's launch time. You get it.

June 2018 Melbourne Rent Report

Welcome to the June 2018 Melbourne Rent Report. Melbourne rents increased over the past month. In this report, we'll evaluate trends in the Melbourne rental market, including comparisons to cities throughout the state and nation.

View full Melbourne Rent Report
Rent Report
Melbourne

June 2018 Melbourne Rent Report

Welcome to the June 2018 Melbourne Rent Report. Melbourne rents increased over the past month. In this report, we'll evaluate trends in the Melbourne rental market, including comparisons to cities throughout the state and nation.

Melbourne rents increase sharply over the past month

Melbourne rents have increased 1.4% over the past month, and are up sharply by 7.9% in comparison to the same time last year. Currently, median rents in Melbourne stand at $950 for a one-bedroom apartment and $1,210 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Melbourne's year-over-year rent growth leads the state average of 2.5%, as well as the national average of 1.5%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Melbourne, but across the entire state. Of the largest 10 cities that we have data for in Florida, all of them have seen prices rise. The state as a whole logged rent growth of 2.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,400; of the 10 largest Florida cities that we have data for, all have seen rents rise year-over-year, with Orlando experiencing the fastest growth (+6.7%).
  • Port St. Lucie, Tampa, and Hialeah have all experienced year-over-year growth above the state average (6.2%, 4.6%, and 4.4%, respectively).

Melbourne rents more affordable than many large cities nationwide

As rents have increased sharply in Melbourne, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Melbourne is still more affordable than most large cities across the country.

  • Melbourne's median two-bedroom rent of $1,210 is slightly above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 7.9% rise in Melbourne.
  • While Melbourne's rents rose sharply over the past year, some cities nationwide saw decreases, including Seattle (-0.8%) and DC (-0.1%).
  • Renters will find more reasonable prices in Melbourne than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Melbourne.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.