Rent in Melbourne, KY
A 2-bedroom in Melbourne, KY (ZIP 41059) typically rents for about $1,010 a month, with a range of $1,010–$1,442. Owner-occupied homes in Campbell County pay about 1.01% 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 | $636 | $532–$740 | 1 |
| 1 bed | $760 | $729–$790 | 1 |
| 2 beds | $1,010 | $1,010–$1,442 | 1 |
| 3 beds | $1,340 | $1,340–$1,897 | 1 |
| 4 beds | $1,520 | $1,520–$2,141 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), 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, KY?
- About $1,010 a month: the median of the typical rents in 1 ZIP code, which range from $1,010–$1,442. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Melbourne, KY?
- About $760 a month: the median of the typical rents in 1 ZIP code, which range from $729–$790. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Melbourne, KY?
- About $1,340 a month: the median of the typical rents in 1 ZIP code, which range from $1,340–$1,897. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Melbourne, KY?
- About $636 a month: the median of the typical rents in 1 ZIP code, which range from $532–$740. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Melbourne, KY?
- About $1,520 a month: the median of the typical rents in 1 ZIP code, which range from $1,520–$2,141. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Melbourne, KY?
- Owner-occupied homes in Campbell County pay a typical 1.01% 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?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).