Average Rent in Melbourne, FL

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Current Versus Historical Melbourne, FL Rents

Melbourne rentals average $0 for a studio rental to $2,748 for a 4-bedroom rental. The median price of all currently available listings is $1,925, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $658 (-30.50%) year-over-year from $2,158 to $1,500. 1-bedroom rentals prices have decreased by $17 (-1.27%) year-over-year from $1,317 to $1,300. 2-bedroom rentals prices have increased by $33 (2.13%) year-over-year from $1,567 to $1,600. 3-bedroom rentals prices have increased by $64 (3.08%) year-over-year from $2,083 to $2,148. 4-bedroom rentals prices have increased by $531 (24.50%) year-over-year from $2,167 to $2,698. 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 12.50% this month. 1-bedroom rents have gone up by 1.96% this month. 2-bedroom rents have gone up by 5.49% this month. 3-bedroom rents have gone up by 4.80% this month. 4-bedroom rents have gone up by 6.52% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.46	$1,300	$1,317 (-1.27%)	$1,146 (13.45%)
2 BR	$1.63	$1,600	$1,567 (2.13%)	$1,498 (6.79%)
3 BR	$1.59	$2,148	$2,083 (3.08%)	$1,950 (10.13%)
4+ BR	$1.39	$2,698	$2,167 (24.50%)	$2,425 (11.24%)

Historical Rents in Melbourne, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Melbourne

There are a total of 3 cities nearby Melbourne. The average rent in Melbourne is currently $2,250 per month. Our records show that Palm Bay, FL, with an average rent of $1,950, 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 $2,773 per month.

Let's compare Melbourne, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 11.03% more expensive. Two bedrooms in Melbourne, FL are about 1.54% more expensive. Finally, rent for three bedrooms are about 13.64% more affordable. Want more information? Check out the top 3 cities near Melbourne, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Palm Bay, FL	$1,048	$1,238	$1,500	$1,950
Merritt Island, FL	N/A	$1,290	$1,600	$2,250
Cocoa Beach, FL	N/A	$1,500	$2,600	$2,773

Top Neighborhoods Near Melbourne

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Melbourne

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 $1,950. Vice versa, with an average rent of $2,873, Indialantic-Melbourne Beach, FL is the most expensive county by Melbourne, FL.

In comparison, rent for one bedroom listings in Melbourne, FL is on par with the other counties nearby. Finally, rent for two bedrooms in Melbourne, FL is 1.38% 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	N/A	$1,450	$1,648	$1,950
Palm Bay, FL	$1,048	$1,238	$1,500	$1,950
Cocoa-Rockledge, FL	N/A	$1,400	$1,600	$2,100
Cocoa Beach-Cape Canaveral, FL	N/A	$1,500	$2,500	$2,500
Indialantic-Melbourne Beach, FL	N/A	$1,900	$2,500	$2,873

Top Zipcodes Near Melbourne

There are a total of 2 zipcodes in or near Melbourne, FL. The average rent for all of these zipcodes is $1,850. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 32935, Melbourne, FL at $1,800 per month. In comparison, the zipcode with the most expensive average rent of $1,900 per month is 32901, Melbourne, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Melbourne, FL is $1,338 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,623 per month. Which comes out to $2 per sqft. The following chart includes the top 2 zipcodes in Melbourne, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
32935, Melbourne, FL	N/A	$1,325	$1,595	$1,800
32901, Melbourne, FL	N/A	$1,350	$1,650	$1,900

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 $1,925. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $1,450 and an average price per square feet of $2.46. There are a total of 19 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 $1,625 and an average price per square feet of $1.63. There are a total of 53 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 -0.31%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.03% year-over-year.

What is a reasonable rent price in Melbourne, FL?

A reasonable rent price in Melbourne, FL is around $1,540/month. You can search for these reasonably priced rental listings on RentHop.