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ZIP Code · FL

ZIP 32935

Pop. 41,965·Brevard County·611th most expensive ZIP in Florida
Median rent (all units)
$1,564/mo
Year-over-Year
-4.5%
Month-over-Month
-1.2%
vs US Median
-$401
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32935 · $1,564
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,530
2 BR
$1,770
3 BR
$2,410
4 BR+
$2,740
Research median
$1,770/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: July 20, 2026

Annual cost
$18,768/yr
At $1,564/mo median
Location
StateFL
CountyBrevard County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.5% YoY, -1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 32935 (Melbourne, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 30.3% of residents hold a bachelor's degree or higher.

Population
41,965
Median income
$64,588
Median age
40.4
Renters
40.3%
Age distribution
18.4%
24.6%
21.7%
14.2%
21.1%
Under 1818.4%
18–3424.6%
35–5421.7%
55–6414.2%
65+21.1%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
77.2%
12.6%
White77.2%
Black6.4%
Hispanic12.6%
Asian2.2%
Other1.5%
Education (25+)
27.1%
36.1%
30.3%
No HS diploma6.4%
HS diploma27.1%
Some college36.1%
Bachelor's+30.3%
Housing tenure
59.7%
40.3%
Owner59.7%
Renter40.3%

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

2021 vs 2026

How ZIP 32935 in Melbourne, FL has changed in 5 years

Rent
$1,185 → $1,564
up 32.0%
Income
$56,749 → $64,588
up 13.8%
Population
41,744 → 41,965
up 0.5%
Renter share
39.8% → 40.3%
+0.5 pts
Bachelor's+
25.3% → 30.3%
+5.0 pts

Across the past five years, the going rent in ZIP 32935 in Melbourne, FL has shifted from $1,185 to $1,564, up 32.0% since 2021. Census figures show median household income at $64,588 today, compared with $56,749 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 25.3% to 30.3% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 32935

Last updated: July 20, 2026

ZIP code 32935 covers Melbourne, FL. The median rent here is $1,564/mo as of July 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,770/mo.

At 29% of local median household income ($64,588/yr), ZIP 32935 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32935?

As of July 20, 2026, the median monthly rent in ZIP 32935 (Melbourne, FL) is $1,564. This is based on aggregated data from public sources and community submissions.

How does ZIP 32935 rent compare to the US average?

ZIP 32935's median rent of $1,564/mo is $401 (20%) below the US national median of $1,965/mo.

How does ZIP 32935 compare to other ZIPs in Florida?

ZIP 32935 is among the more affordable ZIP codes in Florida, ranking #611 out of 662 ZIPs at $1,564/mo.

How much income do you need to rent in ZIP 32935?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,564/mo in ZIP 32935. The local median household income is $64,588/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 32935?

Rent in ZIP 32935 has decreased 4.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 32935 an affordable place to rent?

ZIP 32935 is considered affordable for renters. At $1,564/mo, rent takes approximately 29% of the local median household income ($64,588/yr). The standard benchmark is 30%. ZIP 32935 falls comfortably within that range.

What percentage of ZIP 32935 residents rent vs. own?

According to Census data, approximately 40.3% of ZIP 32935 households are renters, while 59.7% are owner-occupied. ZIP 32935 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32935 compare to the rest of Melbourne?

ZIP 32935 is more affordable than Melbourne overall. At $1,564/mo, it's $298 below the Melbourne citywide median of $1,862/mo.

When was rent data for ZIP 32935 last updated?

Rent data for ZIP 32935 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,564/mo, rent takes ~29% of ZIP 32935's median household income ($64,588/yr). The standard benchmark is 30%.

ZIP 32935 29%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32935 (Melbourne, FL)

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