Prices last verified October 6, 2026

Average Rent in Melbourne 32934 & Rent Trends

Rent prices and market trends across 1 apartment community in Melbourne 32934, Melbourne, FL. Updated daily.

Area All Areas Shadow Lawn

Melbourne 32934

Beds All Bedrooms 1 Bed 2 Bed 3 Bed

Market Average

$2,146/mo

Lowest Listed

$1,695/mo

as of Oct 6

Communities

tracked daily

Units Listed

as of Oct 6

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Melbourne 32934 vs Melbourne, FL Average

Melbourne 32934 is more expensive than the Melbourne, FL average by $107/mo (5%). The citywide average is $2,039/mo across all neighborhoods.

Is Rent Going Up or Down in Melbourne 32934?

As of October 2026, the average rent in Melbourne 32934 is $2,146 per month across 1 apartment community and 21 recently listed units.

The most affordable option is Addison Pointe Apartment Homes starting at $1,695/mo. By unit type, a 1-bedroom averages $1,805/mo, a 2-bedroom averages $2,255/mo, a 3-bedroom averages $2,670/mo.

Prices range from $1,695 to $2,670 per month. The most common price point is the $2,200 range, where 13 units were listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Melbourne 32934

1 Bed

$1,805

from $1,695 · 6 units

2 Bed

$2,255

from $2,035 · 14 units

3 Bed

$2,670

from $2,670 · 1 units

Rent Prices by Apartment in Melbourne 32934

Property	Starting at	Average	Units	Rating
Addison Pointe Apartment Homes	$1,695/mo	$2,146/mo	21	4.7

Frequently Asked Questions About Rent in Melbourne 32934

What is the average rent in Melbourne 32934?

The average rent in Melbourne 32934 is $2,146 per month as of October 2026, based on 21 units across 1 apartment communities.

Is rent going up or down in Melbourne 32934?

The average rent in Melbourne 32934 was $2,146/mo when last verified October 6, 2026.

What is the cheapest apartment in Melbourne 32934?

The most affordable apartment in Melbourne 32934 is Addison Pointe Apartment Homes with units starting at $1,695/mo.

How much is a 1-bedroom apartment in Melbourne 32934?

A 1-bedroom apartment in Melbourne 32934 averages $1,805/mo, with prices starting at $1,695/mo across 6 recently listed units.

How many apartments are available in Melbourne 32934?

21 units were listed across 1 apartment communities in Melbourne 32934 as of October 6, 2026.

What salary do I need to live comfortably in Melbourne 32934?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$86,000/year

Based on the 30 percent rule, using our tracked average rent of $2,146/mo.

Comfortable income

$103,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,695/mo), you need to earn at least $68,000/year.

Median household income in Melbourne 32934 is $64,504 , about 37% below the comfortable-living threshold.

Cost of living in Melbourne 32934

Overall prices in Melbourne 32934 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 32934's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$2,146	daily refresh
Utilities	$512	BLS × BEA RPP
Groceries	$520	BLS × BEA RPP
Transportation	$1,220	BLS × BEA RPP
Healthcare	$595	BLS × BEA RPP
Other goods and services	$952	BLS × BEA RPP
Estimated total	$5,945/mo	$71,339/year

Population

85,718

Median household income

$64,504

Census median rent

$1,411/mo

Census rent burden

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.

Florida Rent Trends

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US-wide rent comparison

See how Melbourne, FL rents stack up against the national median