Rentometer, Inc. | Data as of 10/22/2025
Melbourne, Florida’s rental market blends coastal charm with a thriving downtown, offering a diverse array of housing options for professionals, families, and students alike. From modern high‑rise apartments near the Intracoastal Waterway to spacious single‑family homes in the historic Eau Gallie district, renters can enjoy easy access to pristine beaches, cultural venues such as the Florida Theatre, and a growing tech corridor anchored by the nearby Space Coast Business Innovation Center.
Apartment seekers will find a spectrum of choices, from studios hovering in the $1,100 range to three‑bedroom units approaching the $1,900 mark, while larger four‑plus bedroom layouts provide premium space for roommates or extended families. Those preferring a house can expect one‑bedroom properties in the $1,300‑$1,400 range, with three‑bedroom homes typically priced around $2,200 and larger homes exceeding $2,700, reflecting the area’s desirable mix of suburban tranquility and urban convenience. These price points make Melbourne an attractive alternative for renters looking for value without sacrificing lifestyle amenities.
Key neighborhoods such as West Melbourne and Palm Bay offer tree‑lined streets, parks, and proximity to major employers like Boeing and Lockheed Martin, while the vibrant downtown hub features boutique shops, waterfront dining, and easy transit connections. Whether you’re drawn to the laid‑back vibe of the beachside communities or the bustling energy of the city core, Melbourne’s rental market provides flexible options that cater to a wide range of preferences and budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,091 | $1,094 | $880 - $1,298 | $900 - $1,298 |
| Apartment | 1 Bedroom | $1,384 | $1,388 | $1,000 - $1,883 | $1,259 - $1,450 |
| Apartment | 2 Bedroom | $1,582 | $1,573 | $960 - $2,200 | $1,469 - $1,690 |
| Apartment | 3 Bedroom | $1,887 | $1,885 | $940 - $2,395 | $1,799 - $2,040 |
| Apartment | 4+ Bedroom | $1,835 | $1,855 | $940 - $2,500 | $1,799 - $2,085 |
| House | 1 Bedroom | $1,369 | $1,350 | $999 - $1,850 | $1,250 - $1,480 |
| House | 2 Bedroom | $1,825 | $1,700 | $1,300 - $3,200 | $1,550 - $1,950 |
| House | 3 Bedroom | $2,226 | $2,155 | $1,475 - $5,525 | $1,949 - $2,380 |
| House | 4+ Bedroom | $2,673 | $2,400 | $750 - $7,500 | $2,150 - $2,750 |
In the current period, the average rent in Melbourne was $1,103 for Studio, $1,382 for 1 Bedroom, $1,693 for 2 Bedroom, $2,196 for 3 Bedroom, and $2,541 for 4+ Bedroom.
Data provided by Rentometer, Inc.