Cheap Apartments for Rent in Melrose, MA from $1,000 (141 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Melrose.

property at 22 Howard St

22 Howard St

MelroseMA02176

Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

Read Article
property at 340 Main St

340 Main St

MelroseMA02176
close
View Me
119 West Wyoming
1 Bedroom Apartments

119 West Wyoming

119 W Wyoming AveMelrose, MA 02176
close
View Me
32 Tappan St.
2 Bedroom Apartments

32 Tappan St.

32 Tappan StMelrose, MA 02176
property at 63 Fellsway W

63 Fellsway W

MedfordMA02155
property at 53 Fellsway W

53 Fellsway W

MedfordMA02155
property at 86 Maple St

86 Maple St

MaldenMA02148
Showing Results 1-50, Page 1 of 3

Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudioStudio,1BA$1,800
Warden PlaceOne Bedroom1BR,1BA$1,950

Best Value Apartments for Rent in Melrose, MA

As of March 16, 2025 the best value apartment in the Melrose area is the $0.26 price per square foot 456 Salem St Model at 456 Salem St, Unit 1 in the in the Ferryway neighborhood starting from $2,575. The second greatest value Melrose apartment is the 60 Pinkert St Model at 60 Pinkert St, Unit 2 starting at $3,095 with a $0.31 price per square foot in the Ferryway 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.
456 Salem St, Unit 1456 Salem St2BR,1BA$0.26
60 Pinkert St, Unit 260 Pinkert St3BR,1BA$0.31
181 Central St, Unit #11181 Central St2BR,1BA$0.24
450 Salem St, Unit 7450 Salem St1BR,1BA$0.18
15 Locust St, Unit 2A15 Locust St2BR,1BA$0.27
380 Main St, Unit 3T380 Main St3BR,1BA$0.30
130 Washington St, Unit 1130 Washington StStudio ,1BA$0.20
11 Belmont St, Unit #311 Belmont St3BR,1BA$0.29
8 Shawmut Ter, Unit #18 Shawmut Ter1BR,1BA$0.20
340 Salem St, Unit #1340 Salem St1BR,1BA$0.23

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Melrose, MA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melrose, MA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Melrose, MA

View MapMelrose, MA Apartments MapView MapMelrose, MA Rental Homes Map

Getting Around Melrose, MA

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few 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 the Cheapest Studio apartment in Melrose?

Currently the most affordable Cheap Studio Apartment in Melrose is at Altitude Apartments listed at $1,695.

How much is rent for a Cheap One Bedroom Melrose Apartment?

The lowest price for a Cheap One Bedroom Melrose Apartment is $1,950 at Warden Place.

What is the lowest price for a Cheap Two Bedroom Melrose Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melrose is starting from $2,200 at 27-37 Water St.

What is the most affordable Melrose Three Bedroom Apartment?

The best deal on a cheap Melrose Three Bedroom Apartment rental is at Apartments in Everett & Malden and starts from $2,800.

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 The 10 Best Affordable Neighborhoods in Boston, MA article

The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.