
Cheap Apartments for Rent in Melrose, MA from $1,000 (141 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


223 Essex St

127 Upham St

22 Howard St

536 Lebanon St
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

71 W Wyoming Ave, Unit #1

340 Main St

189 W Wyoming Ave

258 Highland Ave

63 Fellsway W

Carlyle House Apartments

Parkwood Apartments

53 Fellsway W

349 Pleasant St

15 Washington St S, Unit 512

22 Saint Mary St, Unit 19

Altitude Apartments

25 Oakland Ave

475 Highland Ave

45 Florence St, Unit 503

86 Maple St

128-128 Vernal St

347 Pleasant St, Unit C-17

171 Washington St, Unit 316

8 Kearney St

52 Rock Valley Ave, Unit 1

529 Pleasant St
Melrose, MA Local Guide

How much does it cost to rent an apartment in Melrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Melrose Studio Apartments | $2,376 | $1,675 | $6,746 |
Cheap Melrose 1 Bedroom Apartments | $2,711 | $1,575 | $6,873 |
Cheap Melrose 2 Bedroom Apartments | $3,290 | $1,685 | $8,265 |
Cheap Melrose 3 Bedroom Apartments | $3,548 | $2,600 | $10,000+ |
Cheap Melrose 4 Bedroom Apartments | $4,650 | $3,200 | $5,800 |
Melrose 5 Bedroom Apartments | $5,433 | $3,500 | $6,900 |
Browse Top Apartments in Melrose
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Melrose, MA Local Guide
- Melrose Neighborhoods
- Nearby Cities
- ZIP codes
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Cheapest Available Melrose Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Altitude Apartments | Studio | Studio,1BA | $1,800 |
Warden Place | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
456 Salem St, Unit 1 | 456 Salem St | 2BR,1BA | $0.26 |
60 Pinkert St, Unit 2 | 60 Pinkert St | 3BR,1BA | $0.31 |
181 Central St, Unit #11 | 181 Central St | 2BR,1BA | $0.24 |
450 Salem St, Unit 7 | 450 Salem St | 1BR,1BA | $0.18 |
15 Locust St, Unit 2A | 15 Locust St | 2BR,1BA | $0.27 |
380 Main St, Unit 3T | 380 Main St | 3BR,1BA | $0.30 |
130 Washington St, Unit 1 | 130 Washington St | Studio ,1BA | $0.20 |
11 Belmont St, Unit #3 | 11 Belmont St | 3BR,1BA | $0.29 |
8 Shawmut Ter, Unit #1 | 8 Shawmut Ter | 1BR,1BA | $0.20 |
340 Salem St, Unit #1 | 340 Salem St | 1BR,1BA | $0.23 |
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Best Local Schools 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 $1,695.
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.

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.

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.

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.

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.