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Apartments in 32940

1 - 17 of 17 Results
16
$1,665 - 2,130
Highlands Viera West
Deal
2185 Judge Fran Jamieson Way Melbourne, FL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
45
$1,440 - 2,780
Lakes at Suntree
5.0
201 Plantation Club Drive Melbourne, FL
1 - 2 BR | Available Now
Contact
Heat Included
Fitness Center
Pool
47
$1,600 - 2,375
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
33
$1,724 - 3,200
Linz of Viera
Deal
2301 Willet Pl Melbourne, FL
1 - 3 BR | Available Now
Contact
Fitness Center
1
$25,000
Welcome To 3059 Wyndham Way
3059 Wyndham Way Melbourne, FL
5 BR | Available Now
Contact
House
Storage
Disability Access
Dishwasher
112
$2,700
8504 Loren Cv Dr
Melbourne, FL
3 BR | Ask for Availability
Contact
11
$1,500
1776 Sophias Dr
Melbourne, FL
1 BR | Available Now
Contact
24
$3,400
1004 Fieldstone Dr
Melbourne, FL
3 BR | Oct. 24, 2026
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
39
$1,700
739 Green Vly Ln
Melbourne, FL
3 BR | Ask for Availability
Contact
12
$2,500
441 Myrtlewood Rd
Melbourne, FL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Fireplace
63
$1,975
3655 Sansome Cir
Melbourne, FL
2 BR | Ask for Availability
Contact
63
$1,975
3655 Sansome Cir
Melbourne, FL
2 BR | Ask for Availability
Contact
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
45
$1,995
6828 Toland Dr
Melbourne, FL
2 BR | Available Now
Contact
39
$1,700
739 Green Vly Ln
Melbourne, FL
3 BR | Ask for Availability
Contact
1
$3,400
1247 Donegal Dr
Melbourne, FL
4 BR | Available Now
Contact
House
Dishwasher
1 - 17 of 17 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 $1,430 - $2,430
2BR $2,080 $1,680 - $2,630
3BR $2,300 $1,700 - $3,310
Frequently Asked Questions

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

Rentable.co has 17 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 $2,020 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 $2,075 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 90 units available for rent in this area on Rentable. The average rent in 32940 is $2,020, with 1-bedroom units starting at $1,430.

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:
September Rent Report

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

$50
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$30
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Oct. 2025
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Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
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Aug. 2026
Sep. 2026
1 BR       2 BR

Melbourne Rent Prices Decrease From August to September

Melbourne rent prices decreased over the last month. From August to September, 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 August to September, 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 $.

September 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.

September 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 September 1 BR M/M % Change 2 BR September 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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