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53 Pet Friendly Apartments for rent in Melbourne, FL

Last updated May 24 at 10:04pm UTC
4054 Wilkes Drive
Melbourne
Melbourne, FL
Updated May 24 at 11:56am UTC
4 Bedrooms
$1,700
6441 Borasco Drive
Highlands Viera
Melbourne, FL
Updated May 23 at 4:51am UTC
1 Bedroom
$1,050
6431 Borasco Drive
Highlands Viera
Melbourne, FL
Updated May 22 at 9:28pm UTC
1 Bedroom
$1,075
1438 Attilburgh Boulevard
Manchester Lakes
Melbourne, FL
Updated May 20 at 3:25pm UTC
3 Bedrooms
$1,550
3730 Town Square Boulevard
Melbourne
Melbourne, FL
Updated May 19 at 8:42am UTC
3 Bedrooms
$1,450
6431 Borasco Drive
Highlands Viera
Melbourne, FL
Updated May 17 at 4:27am UTC
2 Bedrooms
$2,000
739 Green Valley Lane
Melbourne
Melbourne, FL
Updated May 15 at 1:09am UTC
3 Bedrooms
$1,550
320 Tortuga Way
Fairmont
Melbourne, FL
Updated May 13 at 10:36am UTC
4 Bedrooms
$1,895
5212 Outlook Drive
Deer Lakes
Melbourne, FL
Updated May 11 at 6:36pm UTC
4 Bedrooms
$1,950
1766 Sophias Drive
Melbourne
Melbourne, FL
Updated May 10 at 11:24am UTC
2 Bedrooms
$1,250
2204 Flower Tree Circle
Melbourne
Melbourne, FL
Updated May 8 at 9:52am UTC
2 Bedrooms
$1,195
6411 Borasco Drive
Highlands Viera
Melbourne, FL
Updated May 2 at 11:28pm UTC
2 Bedrooms
$1,350
6451 Borasco Drive
Highlands Viera
Melbourne, FL
Updated May 2 at 11:44am UTC
1 Bedroom
$1,150
6421 Borasco Drive
Highlands Viera
Melbourne, FL
Updated April 18 at 12:13am UTC
3 Bedrooms
$1,600
6441 Borasco Drive
Highlands Viera
Melbourne, FL
Updated March 16 at 10:42am UTC
2 Bedrooms
$1,650
Results within 1 miles of Melbourne, FL
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May 2018 Melbourne Rent Report

Welcome to the May 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

May 2018 Melbourne Rent Report

Welcome to the May 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 0.8% over the past month, and have increased sharply by 6.7% in comparison to the same time last year. Currently, median rents in Melbourne stand at $940 for a one-bedroom apartment and $1,190 for a two-bedroom. This is the third 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 2.3%, 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 2.3% 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 (+6.8%).
  • Port St. Lucie, Tampa, and Hialeah have all experienced year-over-year growth above the state average (4.9%, 4.4%, and 4.2%, respectively).

Melbourne rents more affordable than many large cities nationwide

As rents have increased sharply in Melbourne, a few 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 $1,190 is slightly above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 6.7% increase in Melbourne.
  • While Melbourne's rents rose sharply over the past year, the city of DC saw a decrease of 0.2%.
  • Renters will find more reasonable prices in Melbourne than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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.