How many apartments are available in Melbourne, AR on Rentable.co?

Rentable.co has over 528 apartments available in Melbourne.

What is the average rent for a studio apartment in Melbourne, AR?

The average rent for a <a href='/melbourne-ar/studio-apartments-for-rent' >studio apartment</a> in Melbourne is around $190 per month.

What is the average rent for a one-bedroom apartment in Melbourne, AR?

The average rent for a <a href='/melbourne-ar/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Melbourne is around $600 per month.

What is the average rent for a two-bedroom apartment in Melbourne, AR?

The average rent for a <a href='/melbourne-ar/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Melbourne is around $1,000 per month.

How expensive is it to rent an apartment in Melbourne, AR?

For a two-bedroom apartment in Melbourne, the average rent price is $1,000 per month, which is lower than the national average of $1,610 per month.

Can I afford an apartment for rent in Melbourne, AR?

Based on average rent prices in Melbourne, to afford a <a href='/melbourne-ar/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $8,000 to live comfortably.

Apartments in Melbourne

Melbourne:
October Rent Report

Welcome to the October 2026 Melbourne Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2026 key findings and figures for the Melbourne rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Melbourne and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Melbourne average rent prices in the chart below.

Monthly Rent Report

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Oct. 2026

1 BR 2 BR

Melbourne Rent Prices Decrease From September to October

Melbourne rent prices decreased over the last month. From September to October, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Melbourne one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from September to October, Melbourne experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Melbourne two-bedroom apartments currently stands at $.

October Prices: Melbourne vs. Surrounding Areas

Rent Prices in Melbourne and Surrounding Areas

Rent prices have decreased in Melbourne over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Melbourne suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Melbourne suburbs
Rents did not decrease in any of the Melbourne suburbs.

October 2026 Pricing Trends: Melbourne vs. National Comparisons

Melbourne Rent Prices More Affordable Than Major Cities

Rent growth in Melbourne over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Melbourne average rent prices appear to be relatively affordable for local residents.

The price for a Melbourne one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Melbourne and surrounding area rent prices, take a look at the complete data set below.

Data set for Melbourne and suburbs

	1 BR October	1 BR M/M % Change	2 BR October	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.