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Melbourne, KY House for Rent

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    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • Beautifully Renovated 3 Bedroom/2 Bath Single-Family Home!

    5360 Mary Ingles Hwy, Melbourne, KY 41059

    Discover the perfect blend of classic charm and modern living in this fully remodeled 3-bedroom, 2-bathroom home nestled along the scenic Mary Ingles Highway in Melbourne, Kentucky. Set on a generous 0.68-acre lot, this thoughtfully updated residence offers the space, style, and serenity you've been looking for.Step inside to find brand-new flooring throughout, fresh finishes, and a layout

    5360 Mary Ingles Hwy, Melbourne, KY 41059

Frequently Asked Questions

How much does it cost to rent a single-family home in Melbourne, KY?
The median rent for a single-family home in Melbourne, KY is $2,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Melbourne, KY?
To comfortably afford the median rent in Melbourne, KY, a household needs to earn roughly $88,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,200 per month in Melbourne, KY, renters typically need to show $6,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Melbourne, KY?
In Melbourne, KY, the price-to-rent ratio is 12.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Melbourne, KY are best for renting a single-family home?
The best neighborhood for renting in Melbourne, KY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Mount Washington and Sherwood, each with its own character and price range.

Rental Home Trends in Melbourne, KY

Rental Home Trends

Number of Houses for Rent
1
Median Single Family Home Rent
$2,200
Median 3 Bedroom Single Family Home Rent
$2,200
How to Rent a Home