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Apartments Near Florida Institute of Technology

1 - 30 of 158 Results
1
$3,200
Gated 2-story Single Family Home With Pool In Gated Community, Tamarind Estates!!
1471 Tamango Dr Melbourne, FL
5 BR | Available Now
1.7 miles from center of campus
Contact
House
Dishwasher
48
$2,400
2914 Stetson St
Melbourne, FL
4 BR | Available Now
0.1 miles from center of campus
Contact
50
$1,199 - 1,675
Topaz Village
Deal
100 E University Blvd Melbourne, FL
1 - 3 BR | Available Now
0.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
26
$1,299 - 1,850
Palmview Cove Apartments
Deal
3151 S Babcock St Melbourne, FL
1 - 3 BR | Available Now
0.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
18
$1,575 - 1,990
The Village At Melbourne
Deal
3502 D'avinci Way Melbourne, FL
2 - 3 BR | Available Now
0.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
16
$1,900
100 Colibri Way
Melbourne, FL
3 BR | Available Now
0.9 miles from center of campus
Contact
34
$1,750
110 Turpial Way
Melbourne, FL
3 BR | Available Now
1.0 miles from center of campus
Contact
6
$950
1628 Mitchell St
Melbourne, FL
Studio | Available Now
1.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
8
$1,150
1625 Elizabeth St Unit 2A
Melbourne, FL
1 BR | Available Now
1.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
7
$2,300
1616 Elizabeth St
Melbourne, FL
3 BR | Available Now
1.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
9
$1,175
1612 Mitchell St Unit 3
Melbourne, FL
1 BR | Available Now
1.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
3
$1,275 - 1,295
115 Aria Apartment Homes
115 W Seminole Ave Melbourne, FL
1 BR | Available Now
1.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
25
$1,650 - 2,580
Highline Apartments
3.4
635 E New Haven Ave Melbourne, FL
Studio - 2 BR | Available Now
1.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
13
$3,200
208 Seminole Ave W
Melbourne, FL
1 BR | Available Now
1.3 miles from center of campus
Contact
1
$1,350
Oceania - 204 West Seminole Ave.
204 W Seminole Ave Melbourne, FL
2 BR | Available Now
1.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,445
2 Bedroom 1 Bath Close To Downtown Melbourne, Fit And The Beaches.
1002 Brothers Ave Unit 101 Melbourne, FL
2 BR | Available Now
1.4 miles from center of campus
Contact
House
14
$1,311 - 1,996
Lake In The Woods
333 Lake In The Woods Dr Melbourne, FL
Studio - 3 BR | Available Now
1.5 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
26
$1,499 - 2,417
Avocet at Melbourne
Deal
1283 Oasis Rd Melbourne, FL
1 - 3 BR | Available Now
1.5 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
1
$2,100
Welcome To This Charming 2 Bedroom, 2 Bathroom House Located In Melbourne, Fl.
838 Barbados Ave Melbourne, FL
2 BR | Available Now
1.5 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
17
$1,350
119 San Paulo Cir
West Melbourne, FL
1 BR | Available Now
1.6 miles from center of campus
Contact
1
$1,525
2/2 Condo In Melbourne For Rent!
223 San Paulo Cir Melbourne, FL
2 BR | Available Now
1.6 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Pool
1
$1,975
Beautiful 3 Bedroom, 2 Bathroom Home With Lake In Melbourne, Fl!
670 Benton Dr Melbourne, FL
3 BR | Available Now
1.6 miles from center of campus
Contact
House
Dishwasher
14
$1,600
4710 Beck Lake Trl
Melbourne, FL
3 BR | Available Now
1.7 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
9
$1,395
1417 Powell Ave
Melbourne, FL
2 BR | Available Now
1.7 miles from center of campus
Contact
24
$2,300
228 Hidden Woods Pl
Melbourne, FL
3 BR | Available Now
1.7 miles from center of campus
Contact
1
$1,950
Welcome To This Stunning 3-bedroom, 2-bathroom
4575 Radiant Way Melbourne, FL
3 BR | Available Now
1.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Pool
1
$1,875
Move In Special! 1 Month Of Free Rent! 3/2 Townhouse In Melbourne
1145 Luminary Cir Melbourne, FL
3 BR | Available Now
1.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Pool
11
$1,850
975 Luminary Cir
Melbourne, FL
2 BR | Available Now
1.8 miles from center of campus
Contact
1
$1,795
2399 Coconut Palm Dr NE
Palm Bay, FL
2 BR | Available Now
1.9 miles from center of campus
Contact
Furnished
House
Dishwasher
Pool
68
$1,199 - 1,375
1245 Palm Bay Rd NE
Deal
Melborne, FL
1 - 2 BR | Apr. 6, 2026
2.0 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Storage
Pool
1 - 30 of 158 Results
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  2. Melbourne
  3. Florida Institute of Technology
Frequently Asked Questions

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

Rentable.co has over 4,639 apartments available in Melbourne.

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

The average rent for a studio apartment in Melbourne is around $1,650 per month.

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

The average rent for a one-bedroom apartment in Melbourne is around $1,500 per month.

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

The average rent for a two-bedroom apartment in Melbourne is around $1,710 per month.

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

For a two-bedroom apartment in Melbourne, the average rent price is $1,710 per month, which is similar to the national average of $1,650 per month.

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

Based on average rent prices in Melbourne, to afford a studio apartment you would need an annual household income of $66,000 to live comfortably.

Florida Institute of Technology

Most students at FIT bring a vehicle to school with them (65%), even though the campus is small and walkable. This shows that the majority of off-campus students need vehicles to commute to FIT. The only exception are the students who take public transportation (SCAT’s Bus 26) to class. FIT is just a few miles from Interstate 95 to the west and US Route 192 to the north. A lot of students look towards Palm Bay for off-campus housing, as its only four miles away. Wilson Gardens and West Melbourne are two other popular local areas, and both feature short commutes to FIT’s campus. Melbourne, FIT’s home, is one of Florida’s most beautiful coastal cities. This is especially apparent when you cross over 5th Avenue to the thin strip of land sitting on the Atlantic Ocean. This is where many of beaches are, and where you can find a lot of FIT’s students on the weekends or after class on sunny weekdays. Everyone knows that Florida’s beaches are perfect for students, but Melbourne is a great city for them to explore. There are historic sites, museums, plenty of culture, and over 30 parks for exercise and recreation.

Melbourne:
April Rent Report

Welcome to the April 2026 Melbourne Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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

$1,750
$1,310
$880
$440
$0
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
1 BR       2 BR

Melbourne Rent Prices Decrease From March to April

Melbourne rent prices decreased over the last month. From March to April, 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 March to April, 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 $.

April 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.

April 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 April 1 BR M/M % Change 2 BR April 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.

Browse Melbourne Apartments
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