$1,700 Per Month
- 2 Beds
- 2.5 Baths
- 1,216 Sq Ft
- Condo for Rent
7814 Shadowood Dr Unit 510, Melbourne, FL 32904
7814 Shadowood Dr Unit 510, Melbourne, FL 32904
Frequently Asked Questions
How much does it cost to rent a condo in West Melbourne, FL?
The median rent for a condo in West Melbourne, FL is $1,650 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in West Melbourne, FL?
To comfortably afford the median rent in West Melbourne, FL, a household needs to earn roughly $92,760 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 $2,319 per month in West Melbourne, FL, renters typically need to show $6,957 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 West Melbourne, FL?
In West Melbourne, FL, the price-to-rent ratio is 15.8, 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 West Melbourne, FL are best for renting a condo?
The best neighborhood for renting in West Melbourne, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Port Malabar, Paradise Beach and Floridana Beach, each with its own character and price range.
