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Apartments Near Florida Institute of Technology

151 - 180 of 240 Results
8
$1,395 - 1,540
Mercury Cove Apartments
Mercury Ave SE Palm Bay, FL
2 BR | Available Now
5.1 miles from center of campus
Contact
Dog Friendly
Cat Friendly
1
$1,739
****beautiful 3/2 Home In Palm Bay!
213 Eldron Blvd SE Palm Bay, FL
3 BR | Available Now
5.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
14
$1,450
1812 Guava Ave
Melbourne, FL
2 BR | Available Now
5.0 miles from center of campus
Contact
38
$728
Sadler Ln
Melbourne, FL
1 BR | Ask for Availability
5.0 miles from center of campus
Contact
1
$1,200
1961 Convair
1961 Convair St Palm Bay, FL
1 BR | Available Now
5.0 miles from center of campus
Contact
12
$1,250
341 Mercury Ave SE
Palm Bay, FL
2 BR | Available Now
5.0 miles from center of campus
Contact
10
$1,300
1961 Convair St SE
Palm Bay, FL
1 BR | Available Now
5.1 miles from center of campus
Contact
20
$1,395
1225 N Wickham Rd
Melbourne, FL
2 BR | Available Now
5.1 miles from center of campus
Contact
35
$1,300 - 1,450
196 San Juan Cir
Melbourne, FL
1 - 2 BR | Available Now
5.1 miles from center of campus
Contact
23
$1,550
422 Thor Ave SE
Palm Bay, FL
2 BR | Available Now
5.2 miles from center of campus
Contact
27
$1,800
410 Albenga Rd NW
Palm Bay, FL
2 BR | Available Now
5.2 miles from center of campus
Contact
22
$2,700
1981 Guava Ave
Melbourne, FL
2 BR | Available Now
5.2 miles from center of campus
Contact
50
$2,300
1106 Homer St NW
Palm Bay, FL
4 BR | Available Now
5.2 miles from center of campus
Contact
1
$2,000
Pool Home
261 Edgewater Ave SE Palm Bay, FL
2 BR | Available Now
5.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
31
$1,502 - 4,432
Integra Station 2114
Deal
2114 Nebula Way West Melbourne, FL
1 - 3 BR | Available Now
5.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
29
$2,000
261 Edgewater Ave SE
Palm Bay, FL
3 BR | Available Now
5.2 miles from center of campus
Contact
$1,475
Mercury Cove Apartments Too
497 & 499 Mercury Avenue SE Palm Bay, FL
2 BR | Available Now
5.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
5
$1,375
499 Thor Ave SE
Palm Bay, FL
2 BR | Available Now
5.3 miles from center of campus
Contact
1
$1,200
Charming 1br In Melbourne
2125 Highland Ave Melbourne, FL
1 BR | Available Now
5.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
22
$3,500
180 Richards Rd
Melbourne Beach, FL
4 BR | Available Now
5.4 miles from center of campus
Contact
Dog Friendly
House
Balcony/Deck/Patio
Storage
Dishwasher
31
$5,900
3039 S Hwy
Melbourne Beach, FL
3 BR | Available Now
5.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
19
$1,550
1841 Island Club Dr
Indialantic, FL
1 BR | Available Now
5.4 miles from center of campus
Contact
42
$5,900
3037 S Hwy
Melbourne Beach, FL
4 BR | Available Now
5.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
16
$2,060
472 Linda Ln
Melbourne, FL
4 BR | Available Now
5.5 miles from center of campus
Contact
13
$1,900
1850 Charlesmont Dr
Indialantic, FL
2 BR | Available Now
5.5 miles from center of campus
Contact
16
$2,900
700 Lanai Cir
Satellite Beach, FL
3 BR | Available Now
5.5 miles from center of campus
Contact
1
$1,950
Palm Bay Home - Fenced Yard
906 Pace Dr NW Palm Bay, FL
3 BR | Available Now
5.5 miles from center of campus
Contact
House
Dishwasher
25
$1,650
1425 Croftwood Dr
Melbourne, FL
2 BR | Available Now
5.5 miles from center of campus
Contact
25
$1,575 - 2,365
The Brittany
4.8
1874 Brittany Drive Indialantic, FL
2 BR | Available Now
5.6 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$3,000
3230 Sand Dunes Ct
Melbourne Beach, FL
2 BR | Available Now
5.6 miles from center of campus
Contact
151 - 180 of 240 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 4,526 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 $1,680 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 $1,820 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 $1,820 per month, which is higher than 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:
February Rent Report

Welcome to the February 2026 Melbourne Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
1 BR       2 BR

Melbourne Rent Prices Decrease From January to February

Melbourne rent prices decreased over the last month. From January to February, 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 January to February, 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 $.

February 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.

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

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