ZIP Code · FL

ZIP 32901

Part of Melbourne, FL

Pop. 28,923·Brevard County·519th most expensive ZIP in Florida

Median rent (all units)

$1,733/mo

Year-over-Year

-0.6%

Month-over-Month

-0.3%

vs US Median

-$199

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32901 · $1,733

More affordable than 56% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,380

2 BR

$1,590

3 BR

$2,170

4 BR+

$2,460

Research median

$1,590/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 32901 usually run 1.2% below trend in February and 0.6% above it in June, about $31 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 32901 is 2.2% below its high of $1,772 in December 2025, at $1,733 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32901 changed -0.6% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 32901 rose 46.4% while median household income rose 37.3% ($39,809 to $54,651). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32901 is 41.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 5 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($54,651) is $1,366 a month. That covers HUD's Fair Market Rent for up to a studio ($1,180); a 1-bedroom is $1,380.

Rank in Melbourne

3rd cheapest of 5 ZIP codes in Melbourne.

From Zillow's monthly rent index (ZORI) for ZIP 32901. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,796/yr

At $1,733/mo median

Location

CityMelbourne

StateFL

CountyBrevard County

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 (-0.6% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 32901 (Melbourne, FL) is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 31.3% of residents hold a bachelor's degree or higher.

Population

28,923

Median income

$54,651

Median age

42.3

Renters

50.6%

Age distribution

15.4%

28.3%

18%

13.8%

24.5%

Under 1815.4%

18–3428.3%

35–5418%

55–6413.8%

65+24.5%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

62.3%

18.2%

12.5%

White62.3%

Black18.2%

Hispanic12.5%

Asian4%

Other3.1%

Education (25+)

26.8%

31.4%

31.3%

No HS diploma10.5%

HS diploma26.8%

Some college31.4%

Bachelor's+31.3%

Housing tenure

49.4%

50.6%

Owner49.4%

Renter50.6%

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

2021 vs 2026

How ZIP 32901 in Melbourne, FL has changed in 5 years

Rent

$1,324 → $1,733

up 30.9%

Income

$41,890 → $54,651

up 30.5%

Population

25,176 → 28,923

up 14.9%

Renter share

52% → 50.6%

-1.4 pts

Bachelor's+

28.9% → 31.3%

+2.4 pts

Median age

44.5 → 42.3

-2.2 yrs

Since 2021, the typical rent in ZIP 32901 in Melbourne, FL has climbed from $1,324 to $1,733, a 30.9% change over five years. Household income in the area moved from $41,890 to $54,651 across the same window, up 30.5% versus 2021. The population has grown by 14.9% since 2021, moving from about 25,176 residents to roughly 28,923. College-educated residents now make up 31.3% of adults here, versus 28.9% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 32901 in Melbourne, FL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 32901

Last updated: October 17, 2026

ZIP code 32901 covers Melbourne, FL. The median rent here is $1,733/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,590/mo.

At 38% of local median household income ($54,651/yr), ZIP 32901 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32901?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,733/mo in ZIP 32901. The local median household income is $54,651/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32901?

Rent in ZIP 32901 has fallen 0.6% over the past year as of September 2026. It sits 2.2% below its high of $1,772 in December 2025.

When is the cheapest time to rent in ZIP 32901?

Asking rents in ZIP 32901 are usually lowest in February, about 1.2% below their yearly trend, and highest in June, about 0.6% above it. At today's median that is a gap of roughly $31 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 32901?

Yes. From 2019 to 2024, rent in ZIP 32901 rose 46.4% while median household income rose 37.3%, from $39,809 to $54,651. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32901 compare to other ZIPs in Florida?

ZIP 32901 is one of the more affordable among Florida ZIP codes for rent, ranking #519 of 656 at $1,733/mo. Over the year to September 2026, rent in ZIP 32901 changed -0.6%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.