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Melbourne, KY Homes for Rent

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  • /35

    Starting at $615 Per Month

    • Studio - 1 Bed

    5316 Mary Ingles Hwy, Melbourne, KY 41059

    Mary Ingles Place

    (337) 270-5615

    5316 Mary Ingles Hwy, Melbourne, KY 41059
  • /13

    $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

Why Live in Melbourne

Melbourne, KY, is a rustic river town located approximately 10 miles from Cincinnati. This small community is known for its historical landmarks, including the St. Anne Convent, built in 1919, which sits across from a nature preserve along Mary Ingles Highway. The area is characterized by its mix of farmland, creekside industrial buildings, and residential streets, with housing options ranging from 1920s-era bungalows to 1990s Traditional architecture. Residents can find modest homes on larger lots, often near Four Mile Creek, and properties tend to sell quickly, averaging 15 days on the market. Local dining features include Pepperoncini's Pizza and Melbourne Roadhouse, while larger retail and grocery stores are located about 6 miles away along Alexandria Pike. For outdoor enthusiasts, St. Annes Woods and Wetlands offers hiking trails, and Pendery Park provides extensive athletic facilities. Melbourne also boasts StoneBrook Winery and Neltner's Farm, which hosts the annual Fall Fest with activities like petting zoos and live bluegrass performances. Students attend highly rated schools such as Crossroads Elementary School, Campbell County Middle School, and Campbell County High School, which offers AP classes and career pathways. Commuters typically drive, with Downtown Cincinnati accessible via Route 8 and Interstate 471, and the Cincinnati-Northern Kentucky International Airport located about 20 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Melbourne, KY?
The median rent for a home in Melbourne, KY is $2,200 per month, though prices vary by neighborhood, size, and property type. As of June 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 13.6, 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 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 home include Mount Washington, Sherwood, Columbia Tusculum, Mount Adams and Evanston, each with its own character and price range.

Rental Trends in Melbourne, KY

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,200
Median Single Family Home Rent
$2,200
How to Rent a Home