Rental market snapshot for Melbourne, Florida

Melbourne, Florida Rental Property Market Overview

The average rent for an apartment in Melbourne is $2,003. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -0.64% over the past year.

The city of Melbourne is located on Florida's Space Coast, about 70 miles southeast of Orlando. The area is known for its beaches, fishing, and surfing. The city also has a thriving arts and culture scene.

Last Updated December 23, 2022

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Average monthly rent graph in Melbourne Florida | Cost of Living

  • The most expensive ZIP Code in Melbourne is 32940 with an average price of $2,225
  • The cheapest ZIP Code in Melbourne is 32935 with an average price of $1,749

Melbourne ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
132940$2,225
232940$2,195
332904$1,999
432901$1,999
532934$1,979
632935$1,830
732935$1,815

Live near Melbourne, Florida's Top Sights and Attractions

Wickham Park is a large park with a playground, a pond, and a walking trail. The park also has a pavilion that can be rented for events.

Paradise Beach & Park is a beautiful beach located in Melbourne, Florida. The beach is perfect for swimming, sunbathing, and relaxing. The park also has a playground, picnic tables, and grills for visitors to use.

Ballard Park is a 25-acre linear park located along the Indian River in Melbourne, Florida. The park features a 1/2-mile boardwalk, picnic pavilions, a playground, a splash pad, and a dog park. The park also has a riverfront event lawn and a kayak/canoe launch.

The Florida Tech Botanical Garden is a beautiful garden located on the campus of Florida Institute of Technology. The garden features a variety of native plants, as well as a butterfly garden and a pond. The garden is open to the public during daylight hours.

The Strawbridge Civic Center is a large complex that includes a convention center, a performing arts center, and a museum. The complex is located in the heart of Melbourne, Florida and is a popular destination for both locals and tourists. The Civic Center is home to a variety of events and activities throughout the year, making it a great place to visit no matter what time of year it is.

Brevard Zoo is a 75-acre not-for-profit zoo located in Melbourne, Florida. The zoo features over 500 animals representing 165 species from all over the world. Guests can experience many of the animals through up-close encounters, such as feeding a giraffe or meeting a sloth. The zoo also offers educational programs, special events, and behind-the-scenes tours.

Paws On Petting Zoo is a petting zoo located in Melbourne, Florida. The petting zoo features a variety of animals, including goats, sheep, rabbits, and chickens. Visitors to the petting zoo can feed and pet the animals.

Fee Avenue Park is a large park located in the heart of Melbourne, Florida. The park features a variety of amenities, including a playground, a picnic area, a walking trail, and a pond.

Melbourne, Florida area median rent change by ZIP Code map

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How does Melbourne compare to other cities in Florida ?

citymedian price
Lady Lake$2,060
North Palm Beach$2,840
Dunedin$2,075
Lakewood Ranch$2,649
St. Augustine Beach$2,150
Delray Beach$2,525
Heathrow$1,940
Nokomis$2,100

Average household income in Melbourne area graph - US Census

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The median household income in Melbourne in 2021 was $51,934. This represents a 23.4% change from 2011 when the median was $42,089.

#categorypercent
0Less than $10,0005.1%
1$10,000 to $14,9997.6%
2$15,000 to $19,9996.7%
3$20,000 to $24,9994.9%
4$25,000 to $29,9994.6%
5$30,000 to $34,9994.9%
6$35,000 to $39,9994.9%
7$40,000 to $44,9995.6%
8$45,000 to $49,9994.0%
9$50,000 to $59,9998.1%
10$60,000 to $74,99911.6%
11$75,000 to $99,99911.8%
12$100,000 to $124,9997.6%
13$125,000 to $149,9995.3%
14$150,000 to $199,9993.3%
15$200,000 or more4.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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