Rent by ZIP · Brevard County
Rent in Melbourne, FL 32940
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,320 (+0.4% vs FY2026). Renters in this ZIP code pay a median $2,044 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,730 | $1,710 | +1.2% | $1,557–1,903 | – |
| 1 bedroom | $1,990 | $2,000 | -0.5% | $1,791–2,189 | $1,777 ±$74 |
| 2 bedrooms | $2,320 | $2,310 | +0.4% | $2,088–2,552 | $1,883 ±$98 |
| 3 bedrooms | $3,110 | $3,150 | -1.3% | $2,799–3,421 | $2,288 ±$67 |
| 4 bedrooms | $3,530 | $3,570 | -1.1% | $3,177–3,883 | $2,250 ±$613 |
Small Area FMRs for the Palm Bay-Melbourne-Titusville, FL MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Palm Bay-Melbourne-Titusville, FL MSA, 2 bedrooms: $1,779.
What renters pay in 32940
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 32937 | Satellite Beach | $2,120 | $1,779 |
| 32935 | Melbourne | $1,820 | $1,539 |
| 32934 | Melbourne | $2,170 | $1,696 |
| 32948 | Fellsmere | $1,250 | – |
| 32931 | Cocoa Beach | $1,870 | $1,670 |
| 32949 | Grant | $1,980 | – |
Fair Market Rents across Brevard County, FL · All FL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.