Average Rent in Melbourne, FL

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Current Versus Historical Melbourne, FL Rents

Melbourne rentals average $1,025 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 $2 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,296 (-56.44%) year-over-year from $2,296 to $1,000. 1-bedroom rentals prices have decreased by $33 (-2.50%) year-over-year from $1,333 to $1,300. 2-bedroom rentals prices have decreased by $25 (-1.59%) year-over-year from $1,575 to $1,550. 3-bedroom rentals prices have decreased by $117 (-5.51%) year-over-year from $2,117 to $2,000. 4-bedroom rentals prices have increased by $317 (14.50%) year-over-year from $2,183 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 3.23% this month. 1-bedroom rents have gone down by 3.70% this month. 2-bedroom rents have gone down by 6.53% this month. 3-bedroom rents have gone up by 2.61% this month. 4-bedroom rents have gone up by 1.52% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.18	$1,000	$2,296 (-56.44%)	$685 (45.96%)
1 BR	$2.45	$1,300	$1,333 (-2.50%)	$1,100 (18.18%)
2 BR	$1.64	$1,550	$1,575 (-1.59%)	$1,502 (3.22%)
3 BR	$1.49	$2,000	$2,117 (-5.51%)	$1,826 (9.54%)
4+ BR	$1.40	$2,500	$2,183 (14.50%)	$2,257 (10.78%)

Historical Rents in Melbourne, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Melbourne

There are a total of 5 cities nearby Melbourne. The average rent in Melbourne is currently $2,100 per month. Our records show that Palm Bay, FL, with an average rent of $2,000, 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 $2,800 per month.

Let's compare Melbourne, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 9.26% more expensive. Two bedrooms in Melbourne, FL are about 12.90% more affordable. Finally, rent for three bedrooms are about 33.75% more affordable. Want more information? Check out the top 5 cities near Melbourne, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
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 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 $1,992. Vice versa, with an average rent of $2,850, Indialantic-Melbourne Beach, FL is the most expensive county by Melbourne, FL.

In comparison, rent for one bedroom listings in Melbourne, FL is 10.19% more affordable than other counties nearby. Finally, rent for two bedrooms in Melbourne, FL is 10.48% 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 Melbourne

There are a total of 2 zipcodes in or near Melbourne, FL. The average rent for all of these zipcodes is $1,875.

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	$1,025	$1,300	$1,500	$1,800
32901, Melbourne, FL	N/A	$1,338	$1,525	$1,950

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 $1,025 and an average price per square feet of $3.18. There are a total of 2 studio apartment listings currently available for rent in Melbourne.

How much is a one bedroom apartment in Melbourne, FL?

The average monthly rental price for one bedroom apartments is $1,350 and an average price per square feet of $2.45. There are a total of 22 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 $1,550 and an average price per square feet of $1.64. There are a total of 42 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 -0.56%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.06% 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.