City Report · FL

Melbourne Beach

Pop. 3,250·30th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$3,206/mo
Year-over-Year
Stable
Month-over-Month
-0.3%
vs US Median
+$1,274
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Melbourne Beach · $3,206
More expensive than 93% of US cities · National median $1,932/mo
Affordability
37% of income
MODERATE
0%30% benchmark60%+

At $3,206/mo, rent takes about 37% of the local median household income, slightly above the 30% benchmark.

Income to afford
$128,000/yr
Local median income
$102,857/yr
Based on the 30%-of-income rule using Melbourne Beach's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,690
2 BR
$1,960
3 BR
$2,670
4 BR+
$3,050
Fair Market Rent (HUD)
$1,960/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,206 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($102,857) is $2,571 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,960); a 3-bedroom is $2,670.

From Zillow's monthly rent index (ZORI) for Melbourne Beach. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$38,472/yr
At $3,206/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.3% MoM), not inventory.
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Demographics

Who lives here

Melbourne Beach, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 69.5% of residents hold a bachelor's degree or higher.

Population
3,250
Median income
$102,857
Median age
56.4
Renters
17.6%
Age distribution
15%
14.7%
17.7%
22.2%
30.3%
Under 1815%
18–3414.7%
35–5417.7%
55–6422.2%
65+30.3%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
88.5%
White88.5%
Hispanic7.8%
Asian1.6%
Other2.1%
Education (25+)
17.6%
69.5%
No HS diploma2.1%
HS diploma10.8%
Some college17.6%
Bachelor's+69.5%
Housing tenure
82.4%
17.6%
Owner82.4%
Renter17.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Melbourne Beach, FL has changed in 5 years

Income
$69,896 → $102,857
up 47.2%
Population
3,219 → 3,250
up 1.0%
Renter share
19.5% → 17.6%
-1.9 pts
Bachelor's+
61.4% → 69.5%
+8.1 pts
Median age
53.4 → 56.4
+3.0 yrs

Household income in the area moved from $69,896 to $102,857 across the same window, up 47.2% versus 2021. The population has grown by 1.0% since 2021, moving from about 3,219 residents to roughly 3,250. Renters now make up 17.6% of households, compared with 19.5% five years ago. College-educated residents now make up 69.5% of adults here, versus 61.4% in 2021.

Community

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View Melbourne Beach rent history (2015–2026) →
Salary vs rent

Can you afford rent in Melbourne Beach on your salary?

At $3,206/mo, how Melbourne Beach rent compares to typical pay (30% rule).

By apartment size

Melbourne Beach rent by bedroom count

Median rent for each apartment size in Melbourne Beach. Click any size for full breakdown.

Local insights

Tips for renters in Melbourne Beach

About renting in Melbourne Beach, FL

Last updated: September 25, 2026

The median rent in Melbourne Beach is $3,206/mo as of September 2026. A studio apartment averages $1,440/mo while a 2-bedroom runs $1,960/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,670/mo.

At 37% of local median household income ($102,857/yr), Melbourne Beach ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Melbourne Beach?

To keep rent at or below 30% of gross income, you would need to earn at least $128,000/year (about $62/hour full-time) to afford the median rent of $3,206/mo in Melbourne Beach. The local median household income is $102,857/yr, so the typical household falls short of that bar.

Is rent going up or down in Melbourne Beach?

Rent in Melbourne Beach has been roughly flat over the past year, a 0.0% change.

How does Melbourne Beach rent compare to other cities in Florida?

Melbourne Beach is one of the pricier among Florida cities for rent, ranking #30 of 292 tracked cities at $3,206/mo.

Which nearby cities are cheaper to rent in than Melbourne Beach?

Nearby cities with lower median rent than Melbourne Beach ($3,206/mo) include Palm Bay ($1,842/mo), West Melbourne ($1,922/mo), and Indian Harbour Beach ($2,175/mo).
Income Affordability
37%
MODERATE

At $3,206/mo, rent takes ~37% of Melbourne Beach's median household income ($102,857/yr). The standard benchmark is 30%.

Melbourne Beach 37%Benchmark 30%
State income taxNone
Run the Melbourne Beach affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Melbourne Beach, FL

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