Luna at Viera
2992 Rodina Dr,
Melbourne, FL 32940
$1,695 - $2,570
Studio - 2 Beds
Rental Market Trends in Melbourne, FL
What is the average rent in Melbourne, FL?
$1,512/month
Average Rent
728 Sq Ft
Average Apartment Size
+0.7%
Increase in the Last Year
As of September 2025, the average rent in Melbourne, FL is $1,512 per month. For comparison, the national average rent price in the US is currently $1,639/month, which means Melbourne rent prices are 8% lower than the national average. When you rent an apartment in Melbourne, you can expect to pay about $1,203 per month for a studio, $1,512 for a one-bedroom apartment, and around $1,718 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,130 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Melbourne, FL?
In the past year, rent has increased by 0.7%, which averages out to $11 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024
2025
Rent Ranges in Melbourne, FL
Last Updated September 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
13%
$700 - $1,000/month
28%
$1,001 - $1,500/month
47%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Melbourne?
Based on current rent prices, Southgate, Longwood and Wickham Oaks are the most affordable neighborhoods in Melbourne.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Melbourne?
Based on current rent prices, Wickham Lakes, Addison Village and Arrivas Village are the most expensive neighborhoods in Melbourne.
Neighborhood
Average Rent
Average Sq Ft
Which Melbourne neighborhoods have the most rentals available?
The neighborhoods in Melbourne with the most apartments available are Suburban Melbourne, Addison Village and Downtown Melbourne .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Melbourne, FL?
Because the average rent in Melbourne is $1,512, you’ll want to make about $5,040 per month or $60,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Melbourne, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Melbourne, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Melbourne we think you'll love
Property Management Companies in Melbourne, FL
FPI Management
-
619
Communities
-
105,964
Units
-
220
Cities
5 Communities in Melbourne
ZRS Management
-
327
Communities
-
97,801
Units
-
131
Cities
5 Communities in Melbourne
Hawthorne Residential Partners
-
261
Communities
-
62,435
Units
-
119
Cities
5 Communities in Melbourne
Greystar
-
3,381
Communities
-
938,762
Units
-
866
Cities
4 Communities in Melbourne
Willow Bridge
-
697
Communities
-
189,535
Units
-
328
Cities
4 Communities in Melbourne
ConcordRENTS
-
53
Communities
-
9,217
Units
-
28
Cities
4 Communities in Melbourne
Opus Management Group
-
25
Communities
-
3,610
Units
-
15
Cities
4 Communities in Melbourne
BH
-
339
Communities
-
96,186
Units
-
195
Cities
3 Communities in Melbourne
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.
* Percentages may not total 100 due to rounding.