Rent in Melbourne, FL at a glance
2-bedroom rent (HUD)
$1,709$20,508 a year · HUD fiscal year 2026From October 1, 2026: $1,779 (+4.1%)How much rent can you afford in Melbourne, FL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Melbourne, FL by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,266 | $15,192 | $50,640 | $24.35/hr |
| 1 bedroom | $1,478 | $17,736 | $59,120 | $28.42/hr |
| 2 bedroomsMost searched | $1,709 | $20,508 | $68,360 | $32.87/hr |
| 3 bedrooms | $2,330 | $27,960 | $93,200 | $44.81/hr |
| 4 bedrooms | $2,645 | $31,740 | $105,800 | $50.87/hr |
Cost of living in Melbourne, FL: income, prices and a budget →
Living and working in Melbourne, FL
Rent in Melbourne, FL: common questions
How much is rent going up in Melbourne, FL in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,779 for a two-bedroom, up 4.1% from $1,709. A one-bedroom goes from $1,478 to $1,525, a studio from $1,266 to $1,327.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Melbourne, FL?
HUD's Fair Market Rent for 2026 is $1,478 for a one-bedroom and $1,709 for a two-bedroom, utilities included. That is $20,508 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Melbourne, FL?
To keep a $1,709 two-bedroom at 30% of gross pay, one full-time worker needs $32.87 an hour, or $68,360 a year. A one-bedroom at $1,478 takes $28.42 an hour.
How much is a 1, 2 or 3-bedroom apartment in Melbourne, FL?
At HUD's 2026 Fair Market Rent: studio $1,266, one bedroom $1,478, two $1,709, three $2,330 and four $2,645 a month.
Is rent affordable in Melbourne, FL?
For the typical household, earning $66,991 a year ($5,583 a month, Census ACS), a two-bedroom at $1,709 takes 30.6% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,709 × 12) ÷ 0.30 = $68,360. Divided by 2,080 working hours, that is $32.87 an hour.