Rent in Melbourne, AR
A 2-bedroom in Melbourne, AR (ZIP 72556) typically rents for about $610 a month, with a range of $610–$909. Owner-occupied homes in Izard County pay about 0.57% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $646 | $646 | 1 |
| 1 bed | $486 | $486–$725 | 1 |
| 2 beds | $610 | $610–$909 | 1 |
| 3 beds | $1,259 | $1,259 | 1 |
| 4 beds | $1,519 | $1,519 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Melbourne ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Melbourne, AR?
- About $610 a month: the median of the typical rents in 1 ZIP code, which range from $610–$909. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Melbourne, AR?
- About $486 a month: the median of the typical rents in 1 ZIP code, which range from $486–$725. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Melbourne, AR?
- About $1,259 a month: the median of the typical rents in 1 ZIP code, which range from $1,259. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Melbourne, AR?
- About $646 a month: the median of the typical rents in 1 ZIP code, which range from $646. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Melbourne, AR?
- About $1,519 a month: the median of the typical rents in 1 ZIP code, which range from $1,519. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Melbourne, AR?
- Owner-occupied homes in Izard County pay a typical 0.57% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Melbourne rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).