Rental market snapshot for Melbourne, Florida

Melbourne, Florida Rental Property Market Overview

Melbourne, Florida is a city located in Brevard County on the Space Coast of Florida. According to the US Census, the population of Melbourne in 2021 is 85,064. Melbourne is known for its beautiful beaches, diverse wildlife, and outdoor activities. It is also home to many educational institutions, including the Florida Institute of Technology and Eastern Florida State College. The city also has a vibrant arts and culture scene, with many galleries, museums, and performing arts venues. Melbourne is a great place to live, work, and play.

The average rent for an apartment in Melbourne is $2,081. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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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 $2,302.
  • The cheapest ZIP code in Melbourne is 32905 with an average price of $1,551.

Melbourne ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
132940$2,302
232934$2,145
332904$2,088
432901$1,905
532935$1,836
632905$1,551

Live near Melbourne, Florida's Top Sights and Attractions

Wickham Park is a sprawling, lush green park located in Melbourne, Florida. It features a variety of outdoor activities, including walking trails, a lake, a disc golf course, and a playground. There are also picnic areas, a butterfly garden, and a dog park. The park is also home to a variety of wildlife, including birds, turtles, and fish. The park is open year-round and is a popular destination for locals and visitors alike.

Paradise Beach & Park is a beautiful beachfront park located on the east coast of Florida. It features a wide, white sand beach with crystal clear waters, perfect for swimming, sunbathing, and beachcombing. The park also offers a variety of amenities, including picnic areas, playgrounds, and a boardwalk. Visitors can also enjoy a variety of activities such as fishing, kayaking, and paddleboarding. The park also offers stunning views of the Atlantic Ocean and is a great spot for watching the sunrise or sunset.

Ballard Park is a beautiful outdoor space located on the Indian River Lagoon in Florida. It features a boardwalk, nature trails, and a fishing pier. The park also has a playground, picnic areas, and a pavilion. Visitors can enjoy stunning views of the river and its wildlife, including manatees, dolphins, and a variety of birds. The park is also home to a variety of native plants and trees, making it a great spot for nature lovers.

The Florida Tech Botanical Garden is a lush oasis of tropical plants, trees, and flowers. Visitors can explore winding pathways, meander through a butterfly garden, and take in the sights and sounds of nature. The garden also features a variety of educational programs, such as lectures, workshops, and classes. The garden is home to a variety of wildlife, including birds, turtles, and fish. The garden is a great place to relax and enjoy the beauty of nature.

Strawbridge Civic Center is a popular tourist destination located in a coastal city in Florida. It is a large complex featuring a variety of attractions, including a museum, an aquarium, a theater, and a botanical garden. The museum houses a variety of exhibits, ranging from natural history to modern art. The aquarium is home to a variety of marine life, including sharks, stingrays, and sea turtles. The theater hosts a variety of performances, including plays, musicals, and concerts. The botanical garden features a variety of plants, trees, and flowers, as well as a butterfly garden.

Brevard Zoo is a 75-acre zoo located in a lush tropical habitat in Central Florida. It is home to more than 550 animals representing over 165 species from Florida, South America, Africa, and Australia. Visitors can explore the zoo's many exhibits, including the La Selva Amazon Rainforest, Expedition Africa, and Wild Florida. The zoo also offers a variety of educational programs, interactive experiences, and special events throughout the year.

Paws On Petting Zoo is an interactive petting zoo located in Melbourne, Florida. Visitors can get up close and personal with a variety of animals, including goats, sheep, pigs, chickens, ducks, and more. Guests can feed and pet the animals, and even take a pony ride. The zoo also features a playground, picnic area, and a gift shop.

Fee Avenue Park is a beautiful outdoor area located in Melbourne, Florida. It features a large lake with a boardwalk, a playground, and a picnic area. The park also has a variety of walking trails, a disc golf course, and a fishing pier. Visitors can enjoy a variety of activities such as kayaking, canoeing, and paddle boarding. The park is also home to a variety of wildlife, including birds, turtles, and fish. The park is a great place to relax and enjoy the outdoors.

Wells Park is a beautiful park located in Melbourne, Florida. It features a large lake with a boardwalk, a playground, picnic areas, and a variety of sports courts. The park also has a nature trail, which is perfect for walking, running, or biking. The lake is stocked with fish, making it a great spot for fishing. The park also has a large pavilion, which is perfect for hosting events or just relaxing.

Military Memorial Park is a beautiful outdoor attraction located in Melbourne, Florida. It is a tribute to the brave men and women who have served in the United States Armed Forces. The park features a variety of monuments, memorials, and sculptures that honor the service of those who have served. There is also a large amphitheater, a reflecting pool, and a Veterans Memorial Wall. The park also has a variety of walking paths, picnic areas, and a playground. It is a great place to spend time with family and friends, and to honor those who have served our country.

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
Aventura$3,500
Wellington$3,180
Boynton Beach$2,535
Cocoa Beach$2,500
Mulberry$2,030
Eustis$2,013
Shalimar$1,900
Milton$1,795
Sebring$1,700

Average household income in Melbourne area graph - US Census

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The median household income in Melbourne in 2021 was $55,543. This represents a 31.6% change from 2011 when the median was $42,216.

#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%

Neighborhoods in Melbourne

We currently do not have this data but we are working to add this soon.

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.

As of February , the average rent in Melbourne is $2,081.
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