Affordable & Income-Based Housing in Melbourne

Affordability

According to Census ACS 5-Year data (2024), the median gross rent in Melbourne is $1,473 per month and the median household income is $100,000 annually, with renters making up 11% of occupied housing units. Affordable and income-based housing in the city can help renters who qualify pay significantly less than the local market rate.

Safety

According to FBI Crime Data Explorer, the Melbourne Police Department reported a violent crime rate of 39 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting methods and definitions.

Getting Around Melbourne

According to Walk Score, the areas around Melbourne's assisted properties score 20 out of 100 (Car-Dependent) for walkability and 35 out of 100 for bikeability. No Transit Score is available for this area. These scores reflect conditions near the assisted properties listed on this page.

• Walk Score: 20 -- Car-Dependent. Most errands require a car.
• Bike Score: 35 -- Some biking infrastructure, though conditions vary by location.

Residents relying on public transit or walking should confirm specific routes and amenities near any property before applying.

Schools

According to NCES Common Core of Data, 19 public schools across 1 district serve Melbourne, including 10 elementary, 2 middle, 6 high schools, and 1 other. Ratings vary by school, so renters should check the assigned schools for any specific address they are considering.

Cost of Renting in Melbourne, FL

The median household income in Melbourne is $100,000 per year, according to Census ACS 5-Year data. The citywide median rent is $1,473 per month, according to the same source, which can put market-rate housing out of reach for lower-income renters.

HUD-assisted and income-based properties in Melbourne offer an alternative, with rents typically restricted based on your household income and the area median income (AMI) limits set by HUD. Lease Lantern currently lists 10 affordable properties covering 784 units across the city.

• Median household income: $100,000/year (Census ACS 5-Year)
• Median market rent: $1,473/month (Census ACS 5-Year)
• Affordable properties listed: 10
• Total affordable units: 784

Flood and Environmental Exposure

All 10 HUD-assisted properties in Melbourne have been mapped for flood risk. None are located in a high-risk flood zone, which is a notably low exposure level for a coastal Florida city.