Last updated
Average Rent in Melbourne, FL & Rent Trends
Rent prices and market trends across 2 apartment communities in Melbourne, FL. Updated daily.
Market Average
$2,389/mo
Lowest Available
$1,668/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
12
available now
Price Cuts This Week in Melbourne, FL
3 listed units across 1 building offering 2 bed units in Melbourne, FL dropped their asking rent in the past 7 days, an average cut of $158/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Mode at Melbourne | Unit 3, 3 Deluxe | $2,021 | $1,795 | $226 |
| Mode at Melbourne | Unit 2, 2 Deluxe | $1,864 | $1,668 | $196 |
| Mode at Melbourne | Unit 1, 1 Deluxe | $1,652 | $1,599 | $53 |
Is Rent Going Up or Down in Melbourne, FL?
As of August 2026, the average rent in Melbourne, FL is $2,389 per month across 2 apartment communities and 12 available units.
The most affordable option is Mode at Melbourne starting at $1,668/mo. By unit type, a 2-bedroom averages $2,389/mo.
Prices range from $1,668 to $2,566 per month. The most common price point is the $2,400 range, where 9 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Melbourne, FL
Rent Prices by Apartment in Melbourne, FL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Mode at Melbourne | $1,668/mo | $1,668/mo | 1 | 4.8 |
| Parasol Melbourne | $2,356/mo | $2,454/mo | 11 | 4.5 |
Frequently Asked Questions About Rent in Melbourne, FL
What is the average rent in Melbourne, FL?
Is rent going up or down in Melbourne, FL?
What is the cheapest apartment in Melbourne, FL?
How many apartments are available in Melbourne, FL?
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
$96,000/year
Based on the 30 percent rule, using our tracked average rent of $2,389/mo.
Comfortable income
$115,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,668/mo), you need to earn at least $67,000/year.
Median household income in Melbourne, FL is $64,504 , about 44% 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) | $2,389 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $6,188/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.
Google Search Trends for Melbourne, FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Melbourne, FL Apartments
Browse all 2 communities with daily-updated pricing and availability.