The Teale New Haven
4455 W New Haven Ave,
Melbourne, FL 32904
Studio | $1,125 - $1,334
Rental Market Trends in Melbourne, FL
Updated July 2026
The average rent in Melbourne, FL is $1,486/month.
Rent in Melbourne is roughly equal to the national average rent of of $1,663/month.
$1,486/month
Average Rent
727 Sq Ft
Average Size
-1.2%
Change / Year
3,910
Available Apartments
Melbourne rent varies by unit size and layout:
- Studio apartments in Melbourne average $1,229 per month.
- One-bedroom apartments in Melbourne average $1,486 per month.
- Two-bedroom apartments in Melbourne average $1,685 per month.
- Three-bedroom apartments in Melbourne average $2,125 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Melbourne, FL?
In the past year, rent has decreased by 1.2%, which averages out to $17 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Melbourne, FL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
13%
$700 - $1,000/month
39%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Melbourne?
Based on current rent prices, Downtown Melbourne and Suburban Melbourne" 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, Suburban Melbourne and Downtown Melbourne" 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 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 $1,486, you’ll want to make about $4,953 per month or $59,436 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.
View the Melbourne Area GuideStudio
$811/month
$1,260/month
One Bedroom
$1,455/month
$1,672/month
Two Bedroom
$1,490/month
$1,886/month
Three Bedroom
$2,018/month
$2,192/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Melbourne We Think You'll Love
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Frequently Asked Questions
What is the average rent in Melbourne?
The average rent in Melbourne is $1,486 per month, which is 10.6% lower than the national average of $1,663.
What is the average rent for a house in Melbourne?
The average rent for a house in Melbourne, FL is $2,450 per month.
What is the average rent for a townhome in Melbourne?
The average rent for a townhome in Melbourne, FL is $2,091 per month.
What is the average rent for a condo in Melbourne?
The average rent for a condo in Melbourne, FL is $1,708 per month.
Are rents going up or down in Melbourne?
Rents in Melbourne, FL are decreasing, with prices down 1.2% year-over-year and $17 less per month.
What rent range is most common in Melbourne?
In Melbourne, FL, 39% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.