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Rental Market Trends in West Melbourne, FL

What is the average rent in West Melbourne, FL?

$1,686/month

Average Rent

791 Sq Ft

Average Apartment Size

-0.1%

Decrease in the Last Year

As of June 2025, the average rent in West Melbourne, FL is $1,686 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means West Melbourne rent prices are 4% higher than the national average. When you rent an apartment in West Melbourne, you can expect to pay about per month for a studio, $1,686 for a one-bedroom apartment, and around $1,952 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,262 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,686/month
791 Sq Ft
Two Bedroom
$1,952/month
1,149 Sq Ft
Three Bedroom
$2,262/month
1,353 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,311/month
1,537 Sq Ft
Four Bedroom
$2,749/month
2,130 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,578/month
957 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,740/month
1,210 Sq Ft
Three Bedroom
$1,890/month
1,312 Sq Ft

How much has average rent changed in West Melbourne, FL?

In the past year, rent has decreased by 0.1%, which averages out to $2 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in West Melbourne, FL
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in West Melbourne, FL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
80% $1,501 - $2,000/month
20% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in West Melbourne?

Based on current rent prices, Heritage Oaks, Preserve at Heritage Oaks and Sheridan Lakes are the most affordable neighborhoods in West Melbourne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Heritage Oaks
$1,484/month
619 Sq Ft
Preserve at Heritage Oaks
$1,484/month
619 Sq Ft
Sheridan Lakes
$1,506/month
861 Sq Ft

What are the most expensive neighborhoods in West Melbourne?

Based on current rent prices, Sheridan Lakes, Heritage Oaks and Preserve at Heritage Oaks are the most expensive neighborhoods in West Melbourne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Sheridan Lakes
$1,506/month
861 Sq Ft
Heritage Oaks
$1,484/month
619 Sq Ft
Preserve at Heritage Oaks
$1,484/month
619 Sq Ft

Which West Melbourne neighborhoods have the most rentals available?

The neighborhoods in West Melbourne with the most apartments available are Sheridan Lakes, Heritage Oaks and Preserve at Heritage Oaks .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Sheridan Lakes
$1,506/month
861 Sq Ft
Heritage Oaks
$1,484/month
619 Sq Ft
Preserve at Heritage Oaks
$1,484/month
619 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in West Melbourne, FL?

Because the average rent in West Melbourne is $1,686, you’ll want to make about $5,620 per month or $67,440 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.

City

West Melbourne, FL

978 Available Apartments for Rent

Search for Nearby Apartments

How does West Melbourne, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare West 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.

Explore the Area Guide for West Melbourne, FL

Apartment Averages

Heritage Oaks

West Melbourne, FL

Sheridan Lakes

West Melbourne, FL

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
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Nearby City Rent Trends

  • Melbourne Average Rent
  • Palm Bay Average Rent

Apartment communities in West Melbourne we think you'll love

The Dahlia

The Dahlia

118 Discovery Dr,
West Melbourne, FL 32904

1-3 Beds | $1,594 - $2,486

The Park at Parma

The Park at Parma

500 N Wickham Rd,
Melbourne, FL 32935

Studio - 3 Beds | $1,449 - $2,125

Integra Heritage

Integra Heritage

1951 Integra Dr,
West Melbourne, FL 32904

1-3 Beds | $1,599 - $2,735

The Carlton of West Melbourne

The Carlton of West Melbourne

4152 Merrillville Dr,
West Melbourne, FL 32904

1-3 Beds | $1,303 - $2,346

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United States Florida West Melbourne Rental Trends

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.

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Equal Housing Opportunity