Cheap Apartments for Rent in Melrose, MA from $1,000 (298 Rentals)

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

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

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property at 22 Howard St

22 Howard St

MelroseMA02176
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32 Tappan St.
2 Bedroom Apartments

32 Tappan St.

32 Tappan StMelrose, MA 02176
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119 West Wyoming
1 Bedroom Apartments

119 West Wyoming

119 W Wyoming AveMelrose, MA 02176
property at 63 Fellsway W

63 Fellsway W

MedfordMA02155
Showing Results 1-50, Page 1 of 6

Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
30 Howard St7H Falmouth1BR,1BA$1,600
7 Falmouth St7H1BR,1BA$1,600

Best Value Apartments for Rent in Melrose, MA

As of April 13, 2025 the best value apartment in the Melrose area is the $0.15 price per square foot 23 Essex St Model at 23 Essex St, Unit #4 in the in the East Saugus neighborhood starting from $1,500. The second greatest value Melrose apartment is the 119 Myrtle St Model at 119 Myrtle St, Unit #1 starting at $1,750 with a $0.18 price per square foot in the Hammersmith Village 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.
23 Essex St, Unit #423 Essex St1BR,1BA$0.15
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
456 Salem St, Unit 6456 Salem St1BR,1BA$0.18
8 Shawmut Ter, Unit #18 Shawmut Ter1BR,1BA$0.20
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
61 Exchange St, Unit 861 Exchange St1BR,1BA$0.21
45 Bruno St, Unit #B45 Bruno St2BR,1BA$0.22
340 Salem St, Unit #1340 Salem St1BR,1BA$0.23
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
22 Linden Rd22 Linden Rd2BR,1BA$0.25

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Best Local Schools in
Melrose, MA

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See the most popular apartments and homes in Melrose, MA

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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 $1,840.

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

The lowest price for a Cheap One Bedroom Melrose Apartment is $1,600 at 30 Howard St.

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.

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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.

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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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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.

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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.