Cheap Homes for Rent in Melrose, IA from $500 (8 Rentals)

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property at 1806 E Main St

1806 E Main St

OttumwaIA52501

Melrose, IA Local Guide

Cheapest Available Melrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melrose, IA is a 1 Bed unit found at Melbourne in the Southeast Des Moines neighborhood priced from $627. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $638. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MelbourneA2 - 40 - Income Restricted1BR,1BA$627
Foxwood ApartmentsB22BR,1BA$638
Tisdale Apartments2 Bedroom2BR,1BA$650

Best Value Apartments for Rent in Melrose, IA and Nearby

As of April 16, 2025 the best value apartment in the Melrose area is the $1.14 price per square foot Sign a 13 Month Lease, Get the 13th Month Free! Model at Lincoln Ridge by Kading in the in the Easton Park neighborhood starting from $1,150. The second greatest value Melrose apartment is the 2 Bedroom Model at The Meadows starting at $850 with a $0.91 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Melrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lincoln Ridge by KadingSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
The Meadows2 Bedroom2BR,1BA$0.91
Orchard Lane Apartments2BR/1.0BA2BR,1BA$0.96
Northern Plains by KadingCottage - 22BR,1BA$1.07
SomersetB32BR,1BA$1.04
Next Level Apartments - Deer RunB12BR,1BA$1.03
The Hampton MeadowsB1 - Renovated2BR,1BA$1.13
Willow Bend1 Bedroom1BR,1BA$1.13
Tisdale Apartments2 Bedroom2BR,1BA$0.93
Foxwood ApartmentsA21BR,1BA$1.16

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Frequently Asked Questions about Melrose

What type of rentals are currently available in Melrose?

There are currently 43 Apartments for Rent in Melrose, IA with pricing that ranges from $627 to $2,083. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $585 to $2,295.

What is the current price range for Rental Homes in Melrose?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose ranges from $585 to $2,295 with an average monthly rent of $1,444.

How much are larger Three and Four Bedroom Rentals in Melrose?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose range from $950 to $1,961, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $2,295. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,058.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.