Average Rent in 32935, Melbourne, FL

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Current Versus Historical 32935, Melbourne, FL Rents

32935 rentals average $1,025 for a studio rental to $2,345 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.
For the apartment units and housing in November 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $1,173 (-53.97%) year-over-year from $2,173 to $1,000. 1-bedroom rentals prices have decreased by $158 (-11.45%) year-over-year from $1,383 to $1,225. 2-bedroom rentals prices have decreased by $3 (-0.22%) year-over-year from $1,498 to $1,495. 3-bedroom rentals prices have decreased by $39 (-1.90%) year-over-year from $2,067 to $2,028. 4-bedroom rentals prices have increased by $317 (15.61%) year-over-year from $2,028 to $2,345. 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 3.23% this month. 1-bedroom rents have gone down by 1.34% this month. 2-bedroom rents have gone down by 3.44% this month. 3-bedroom rents have gone up by 3.49% this month. 4-bedroom rents have gone up by 0.21% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.18 $1,000 $2,173 (-53.97%) $685 (45.96%)
1 BR $2.48 $1,225 $1,383 (-11.45%) $1,079 (13.51%)
2 BR $1.57 $1,495 $1,498 (-0.22%) $1,423 (5.04%)
3 BR $1.61 $2,028 $2,067 (-1.90%) $1,848 (9.69%)
4+ BR $1.16 $2,345 $2,028 (15.61%) $2,233 (5.00%)

Historical Rents in 32935, Melbourne, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 32935

There are a total of 6 cities nearby 32935. The average rent in 32935 is currently $2,050 per month. Our records show that Melbourne, FL, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 32935, Melbourne, FL is Cocoa Beach, FL. Monthly rents here are on average $2,800 per month.

Let's compare 32935, Melbourne, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 0.96% more expensive. Two bedrooms in 32935, Melbourne, FL are about 15.00% more affordable. Finally, rent for three bedrooms are about 15.95% more affordable. Want more information? Check out the top 6 cities near 32935, Melbourne, FL in the following chart.
City Studio 1 Bed 2 Bed All
Melbourne, FL $1,025 $1,350 $1,550 $1,900
Indian Harbour Beach, FL N/A $1,900 $2,100 $2,000
Palm Bay, FL N/A $1,225 $1,500 $2,000
Rockledge, FL N/A N/A $1,700 $2,100
Merritt Island, FL N/A N/A $1,750 $2,500
Cocoa Beach, FL N/A $1,750 $2,600 $2,800

Top Neighborhoods Near 32935



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 32935

Some of these counties include Melbourne, FL, Palm Bay, FL, and Cocoa-Rockledge, FL. The average rent for rentals in these counties is $2,100. That's roughly around $2 per sqft. The county that is the most affordable is Melbourne, FL. It's average rent per month is $1,992. Vice versa, with an average rent of $2,850, Indialantic-Melbourne Beach, FL is the most expensive county by 32935, Melbourne, FL.

In comparison, rent for one bedroom listings in 32935, Melbourne, FL is 14.42% more affordable than other counties nearby. Finally, rent for two bedrooms in 32935, Melbourne, FL is 14.17% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Melbourne, FL $1,025 $1,325 $1,613 $1,992
Palm Bay, FL N/A $1,225 $1,500 $2,000
Cocoa-Rockledge, FL N/A $1,488 $1,713 $2,100
Cocoa Beach-Cape Canaveral, FL N/A $1,550 $2,400 $2,500
Indialantic-Melbourne Beach, FL N/A $1,900 $2,550 $2,850

Top Zipcodes Near 32935

There is one zipcode in or near 32935, Melbourne, FL. The average rent for this zipcode is $1,950.

The following chart includes the zipcode in or near 32935, Melbourne, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
32901, Melbourne, FL N/A $1,338 $1,525 $1,950

Frequently Asked Questions - 32935 Average Rents

What is the average rent price in 32935, Melbourne, FL?
The average monthly rental price for 32935, Melbourne, FL apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 32935, 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 32935, Melbourne, FL.
How much is a studio apartment in 32935, Melbourne, FL?
The average monthly rental price for studio apartments is $1,025 and an average price per square feet of $3.18. There are a total of 2 studio apartment listings currently available for rent in 32935.
How much is a one bedroom apartment in 32935, Melbourne, FL?
The average monthly rental price for one bedroom apartments is $1,300 and an average price per square feet of $2.48. There are a total of 13 one bedroom apartment listings currently available for rent in 32935.
How much is a two bedroom apartment in 32935, Melbourne, FL?
The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $1.57. There are a total of 27 two bedroom apartment listings currently available for rent in 32935.
How have rent prices in 32935, Melbourne, FL changed this year?
Rent prices for rentals in 32935, Melbourne, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.54%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by -0.02% year-over-year.
What is a reasonable rent price in 32935, Melbourne, FL?
A reasonable rent price in 32935, Melbourne, FL is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.
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