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Apartments in 32940

1 - 21 of 21 Results
45
$1,445 - 2,685
Lakes at Suntree
Deal
5.0
201 Plantation Club Drive Melbourne, FL
1 - 2 BR | Available Now
Contact
Heat Included
Fitness Center
Pool
47
$2,295 - 2,375
Legacy at Oakwood Landing
Deal
2705 Bosque Cir Melbourne, FL
3 BR | Aug. 14, 2026
Contact
Virtual Tour
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
16
$1,745 - 2,095
Highlands Viera West
2185 Judge Fran Jamieson Way Melbourne, FL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
33
$1,819 - 3,140
Linz of Viera
Deal
2301 Willet Pl Melbourne, FL
1 - 3 BR | Available Now
Contact
Fitness Center
1
$2,800
Beautiful Pool Home In Viera!
8056 Bracken Ln Melbourne, FL
3 BR | Available Now
Contact
House
Dishwasher
1
$25,000
Welcome To 3059 Wyndham Way
3059 Wyndham Way Melbourne, FL
5 BR | Available Now
Contact
House
Storage
Disability Access
Dishwasher
39
$1,700
739 Green Vly Ln
Melbourne, FL
3 BR | Ask for Availability
Contact
112
$2,700
8504 Loren Cv Dr
Melbourne, FL
3 BR | Ask for Availability
Contact
12
$2,600
441 Myrtlewood Rd
Melbourne, FL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Fireplace
13
$2,370
500 Trotter Ln Unit 202
Melbourne, FL
3 BR | Sep. 1, 2026
Contact
Dog Friendly
Balcony/Deck/Patio
Dishwasher
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
11
$1,500
1776 Sophias Dr
Melbourne, FL
1 BR | Available Now
Contact
1
$2,500
Grand Haven Pool Home!
4346 Four Lakes Dr Melbourne, FL
3 BR | Available Now
Contact
House
39
$1,700
739 Green Vly Ln
Melbourne, FL
3 BR | Ask for Availability
Contact
45
$1,995
6828 Toland Dr
Melbourne, FL
2 BR | Available Now
Contact
63
$1,975
3655 Sansome Cir
Melbourne, FL
2 BR | Ask for Availability
Contact
1
$2,500
Must See Family Home With Lake/pond View In Gated Deer Lakes Subd.!
5353 Outlook Dr Melbourne, FL
4 BR | Available Now
Contact
House
Dishwasher
1
$1,900
Gated Community
1306 Hampton Park Ln Melbourne, FL
2 BR | Available Now
Contact
House
Dishwasher
1
$3,400
1247 Donegal Dr
Melbourne, FL
4 BR | Available Now
Contact
House
Dishwasher
1 - 21 of 21 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 $1,820 $1,450 - $2,230
2BR $2,000 $1,640 - $2,620
3BR $2,340 $1,700 - $3,140
Frequently Asked Questions

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

Rentable.co has 21 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 $2,010 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 $1,995 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 $1,819 per month.

Find an Apartment in 32940
Looking for apartments for rent in 32940 Melbourne, FL? Look no further! Right now, there are 85 units available for rent in this area on Rentable. The average rent in 32940 is $2,000, with 1-bedroom units starting at $1,460.

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:
August Rent Report

Welcome to the August 2026 Melbourne Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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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Sep. 2025
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Jan. 2026
Feb. 2026
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Aug. 2026
1 BR       2 BR

Melbourne Rent Prices Decrease From July to August

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

August 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.

August 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 August 1 BR M/M % Change 2 BR August 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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