
Cheap Apartments for Rent in the Melrose Neighborhood of Albany, NY from $900 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose area of Albany.


100 Chestnut St
Melrose, Albany, NY Local Guide

How much does it cost to rent an apartment in Melrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose Studio Apartments | $1,123 | $968 | $1,245 |
Melrose 1 Bedroom Apartments | $1,392 | $968 | $2,245 |
Melrose 2 Bedroom Apartments | $1,663 | $1,395 | $2,420 |
Melrose 3 Bedroom Apartments | $1,678 | $1,525 | $1,910 |
Melrose 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Melrose Neighborhood of Albany, NY.
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Melrose, Albany, NY Local Guide
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Cheapest Available Melrose Apartments for Rent
 The cheapest available apartment rental in the Melrose area of Albany, NY is a 1 Bed unit found at Campus View Apartments priced from $968. 11 S Lake has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Melrose apartments for rent in Albany, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Campus View Apartments | Studio | 1BR,1BA | $968 |
11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
Danker Village | 1 Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Melrose, NY
As of April 13, 2025 the best value apartment in the Melrose area is the $1.07 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $2,400. The second greatest value Melrose apartment is the 102 Model at The Kennedy starting at $1,495 with a $1.83 price per square foot in the Melrose neighborhood. Here is today’s list of the best values for Melrose apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
44 James | The James | 2BR,1BA | $1.07 |
The Kennedy | 102 | 1BR,1BA | $1.83 |
Danker Village | 2 Bedroom | 2BR,1BA | $2.16 |
11 S Lake | Studio Apartment | Studio ,1BA | $1.82 |
100 Chestnut St | Studio, 1 bath | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMelrose, Albany, NY
Ranked #6
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Melrose Neighborhood in Albany, NY
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
64 / 100
Bikeable
Some bike infrastructure
Transit Score®
55 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Melrose Apartments
What is a cheap apartment in Melrose?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose is under $2,400.
What is the price of a cheap apartment in Melrose?
The cheapest apartment in Melrose is Campus View Apartments which is listed at $968, while the average apartment in Melrose costs $2,000.
What types of apartments are the cheapest in Melrose?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Melrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY
Written by: Patrick Ryan
Albany, the capital of New York state, is a renter’s haven. With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.