Average Rent in Melbourne, FL
2 apartment buildings, 27 units. Real asking prices, refreshed daily.
Avg Rent
$2,190/mo
Cheapest
$1,535/mo
Properties
2
Units
27
Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Melbourne, FL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Melbourne, FL Rent Prices
All 2 properties ranked by lowest available rent.
Mode at Melbourne
145 Cinnamon Cove Dr, Melbourne, FL 32901, USA
Parasol Melbourne
4881 Dairy Rd, Melbourne, FL 32904, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Mode at Melbourne 145 Cinnamon Cove Dr, Melbourne, FL 32901, USA | $1,535 | $1,772 | $1.11 | 4.8 (128) | 3 |
| 2 | Parasol Melbourne 4881 Dairy Rd, Melbourne, FL 32904, USA | $2,071 | $2,243 | $2.44 | 4.5 (52) | 24 |
Explore Each Property
Melbourne, FL Average Rent Prices 2026
The average rent in Melbourne, FL is $2,190 per month, based on 27 units across 2 apartment communities. Prices range from $1,535 at Mode at Melbourne to $2,071 at Parasol Melbourne.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $2,088/mo | $1,535/mo | 15 |
| 2 Bed | $2,351/mo | $1,824/mo | 11 |
| 3 Bed | $1,956/mo | $1,956/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Melbourne, FL, and what they pay
Tracked one-bedroom rent in Melbourne, FL averages $2,088/mo, with two-bedroom units averaging $2,351/mo. At the local median household income of $64,504, that works out to 41% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Melbourne, FL at $1,411/mo. The current tracked market average runs 55% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Melbourne, FL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Melbourne, FL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$88,000/year
30 percent rule -- using our average rent of $2,190/mo.
Comfortable income
$105,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,535/mo), you need to earn at least $61,000/year.
Median household income in Melbourne, FL is $64,504 , about 39% below the comfortable-living threshold.
Cost of living in Melbourne, FL
Overall prices in Melbourne, FL runs above the national average by about 1% (BEA Regional Price Parity index 101.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Melbourne, FL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,190 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,989/mo |
Population
85,718
Median household income
$64,504
Census median rent
$1,411/mo
Rent as % of income
32.3%
Median age
42.3
Mean commute
22 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Florida
How Melbourne, FL rent compares to other markets in the state.
| City | Avg Rent | vs Melbourne, FL | Properties |
|---|---|---|---|
| Miami, FL | $3,097 | +41% | 30 |
| Tampa, FL | $2,835 | +29% | 26 |
| Orlando, FL | $2,087 | -5% | 22 |
| Jacksonville, FL | $1,687 | -23% | 21 |
| Pembroke Pines, FL | $2,674 | +22% | 18 |
| Port ST Lucie, FL | $2,221 | +1% | 17 |
Frequently asked questions
What is the average rent in Melbourne, FL?
The average rent in Melbourne, FL is $2,190 per month, based on 27 units across 2 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Melbourne, FL?
The lowest available rent in Melbourne, FL starts at $1,535 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Melbourne, FL?
1-bedroom apartments in Melbourne, FL average $2,088/mo. The lowest listed 1-bedroom starts at $1,535/mo across 15 units tracked.
How much is a 2-bedroom apartment in Melbourne, FL?
2-bedroom apartments in Melbourne, FL average $2,351/mo. Units start from $1,824/mo across 11 units currently listed.
Rent Trends in Melbourne, FL
Track how apartment prices are changing over time.
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