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Apartments in 32940

1 - 18 of 18 Results
47
$1,630 - 2,475
Legacy at Oakwood Landing
Deal
2705 Bosque Cir Melbourne, FL
1 - 3 BR | Available Now
Contact
Virtual Tour
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
45
$1,555 - 2,590
Lakes at Suntree
5.0
201 Plantation Club Drive Melbourne, FL
1 - 2 BR | Available Now
Contact
Heat Included
Fitness Center
Pool
16
$1,795 - 2,375
Highlands Viera West
Deal
2185 Judge Fran Jamieson Way Melbourne, FL
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
33
$1,724 - 3,220
Linz of Viera
Deal
2301 Willet Pl Melbourne, FL
1 - 3 BR | Available Now
Contact
Fitness Center
27
$1,900
1368 Hampton Park Ln
Melbourne, FL
2 BR | Available Now
Contact
40
$3,000
2718 Addison Dr
Melbourne, FL
2 BR | Available Now
Contact
1
$2,825
4 Br/2 Ba Home In Deer Lakes Subdivision
5212 Outlook Dr Melbourne, FL
4 BR | May. 17, 2026
Contact
Dog Friendly
House
Storage
Dishwasher
Pool
29
$3,100
8118 Tethys Ct Unit 8118
Melbourne, FL
3 BR | May. 18, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
11
$1,500
1776 Sophias Dr
Melbourne, FL
1 BR | Available Now
Contact
1
$1,995
Terraces At Heritage Isle!!
6828 Toland Dr Melbourne, FL
2 BR | Available Now
Contact
Furnished
Storage
Dishwasher
Pool
1
$25,000
Welcome To 3059 Wyndham Way
3059 Wyndham Way Melbourne, FL
5 BR | Available Now
Contact
House
Storage
Disability Access
Dishwasher
36
$3,650
401 Crystal Lake Dr
Melbourne, FL
3 BR | Available Now
Contact
House
Dishwasher
1
$1,875
Beautiful 2br/1.5ba Townhouse In Hampton Park
531 Steeplechase Ln Melbourne, FL
2 BR | Available Now
Contact
House
Fitness Center
Storage
Disability Access
Dishwasher
45
$1,995
6828 Toland Dr
Melbourne, FL
2 BR | Available Now
Contact
1
$3,500
9051 Udina Way
Melbourne, FL
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Pool
1
$1,995
2 Bedroom, 2 Bath, 1st Floor Condo In Lakes At Viera
1777 Sophias Dr Melbourne, FL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$2,400
Beautiful 3-bedroom, 2-bath Condo In The Heart Of Viera Including Basic Cable, Internet, Garbage Collection, And Water.
6421 Borasco Dr #3206 Melbourne, FL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
1
$1,100
5275 N Us Hwy 1,
5275 N Us Hwy Melbourne, FL
1 BR | Ask for Availability
Contact
1 - 18 of 18 Results
  1. Home
  2. Melbourne
  3. 32940

How much does it cost to rent an apartment in 32940?

32940 apartments
Bed Type Average Rent Range
1BR $1,720 $1,510 - $2,350
2BR $1,830 $1,710 - $2,530
3BR $2,380 $2,300 - $3,430
4+BR $3,160 $2,830 - $3,500
Frequently Asked Questions

How many apartments are available in 32940 on Rentable.co?

Rentable.co has 18 apartments available for rent in 32940.

What is the average rent for an apartment in 32940?

The average rent for an apartment in 32940 is around $1,910 per month.

What is the average rent for a two-bedroom apartment in 32940?

The average rent for a two-bedroom apartment in 32940 is around $1,825 per month.

What is the average rent for a one-bedroom apartment in 32940?

The average rent for a one-bedroom apartment in 32940 is around $1,724 per month.

Find an Apartment in 32940
Looking for apartments for rent in 32940 Melbourne, FL? Look no further! Right now, there are 100 units available for rent in this area on Rentable. The average rent in 32940 is $1,920, with 1-bedroom units starting at $1,503.

The 32940 zip code in Melbourne, FL offers a variety of housing options for renters. Whether you're looking for a spacious apartment or a cozy house, there are options available to suit your needs.

In addition to the available rentals, the 32940 area is known for its proximity to various points of interest. Nearby parks, such as Wickham Park or Viera Regional Park, provide residents with opportunities for outdoor activities and relaxation. The community also offers amenities like shopping centers, restaurants, and entertainment venues.

Ready to find your next rental? Take a look at Rentable's apartments near 32940 Melbourne, FL and discover the perfect place to call home. Whether you're new to the area or a long-time resident, Rentable can help you find the rental that meets your criteria and preferences.

Melbourne:
May Rent Report

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

Melbourne Rent Prices Decrease From April to May

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

May 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.

May 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 May 1 BR M/M % Change 2 BR May 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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