Topaz Village
100-210 E University Blvd,
Melbourne, FL 32901
1-3 Beds | $1,199 - $1,699
Rental Market Trends in Melbourne, FL
What is the average rent in Melbourne, FL?
$1,504/month
Average Rent
727 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of July 2025, the average rent in Melbourne, FL is $1,504 per month. For comparison, the national average rent price in the US is currently $1,637/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 $1,224 per month for a studio, $1,504 for a one-bedroom apartment, and around $1,712 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,149 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 1%, which averages out to $16 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 July 2025
Legend
2024
2025
Rent Ranges in Melbourne, FL
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
13%
$700 - $1,000/month
25%
$1,001 - $1,500/month
51%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Melbourne?
Based on current rent prices, Southgate, Downtown Melbourne and Longwood 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 Lund Gardens 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 $1,504, you’ll want to make about $5,013 per month or $60,156 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
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Melbourne we think you'll love
Property Management Companies in Melbourne, FL
FPI Management
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612
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103,638
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217
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Hawthorne Residential Partners
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264
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63,226
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122
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Greystar
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910,472
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Willow Bridge
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706
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192,193
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329
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ZRS Management
-
323
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95,406
Units
-
135
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4 Communities in Melbourne
ConcordRENTS
-
49
Communities
-
9,402
Units
-
25
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4 Communities in Melbourne
Opus Management Group
-
23
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-
3,486
Units
-
15
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4 Communities in Melbourne
BH
-
338
Communities
-
95,593
Units
-
197
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3 Communities in Melbourne
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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 June 2025.
* Percentages may not total 100 due to rounding.