Cheap Apartments for Rent in the Downtown Melrose Neighborhood of Melrose, MA from $1,600 (121 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Melrose area of 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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119 West Wyoming
1 Bedroom Apartments

119 West Wyoming

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

32 Tappan St.

32 Tappan StMelrose, MA 02176
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Downtown Melrose, Melrose, MA Local Guide

Cheapest Available Downtown Melrose Apartments for Rent

 

The cheapest available apartment rental in the Downtown Melrose area of Boston, MA is a 1 Bed unit found at 30 Howard St priced from $1,600. 7 Falmouth St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,600. Here are the most affordable Downtown Melrose apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
30 Howard St7H Falmouth1BR,1BA$1,600
7 Falmouth St7H1BR,1BA$1,600
Altitude ApartmentsStudio - UpgradeStudio,1BA$1,825

Best Value Apartments for Rent in Downtown Melrose, MA

As of April 16, 2025 the best value apartment in the Downtown Melrose area is the $0.53 price per square foot 480 Fulton St Model at 480 Fulton St, Unit Right in the in the Ferryway neighborhood starting from $5,300. The second greatest value Downtown Melrose apartment is the 20 Washington Pl Model at 20 Washington Pl, Unit #114 starting at $2,375 with a $0.24 price per square foot in the Ferryway neighborhood. Here is today’s list of the best values for Downtown Melrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
480 Fulton St, Unit Right480 Fulton St4BR,4.5BA$0.53
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
22 Linden Rd22 Linden Rd2BR,1BA$0.25
106 Laurel St, Unit #1106 Laurel St1BR,1BA$0.26
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
230 Mountain Ave, Unit 230230 Mountain Ave3BR,2.5BA$1.88
131 Tremont St131 Tremont St3BR,1.5BA$2.00
71 Granville Ave, Unit #171 Granville Ave1BR,1BA$1.92

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Pet Friendly Lifestyle
Downtown Melrose, Melrose, MA

Ranked #5

Among neighborhoods in Melrose, MA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Melrose, Melrose, MA

School data provided by Great Schools

Getting Around the Downtown Melrose Neighborhood in Melrose, MA

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 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 Downtown Melrose Apartments

What is a cheap apartment in Downtown Melrose?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Melrose is under $1,825.

What is the price of a cheap apartment in Downtown Melrose?

The cheapest apartment in Downtown Melrose is 30 Howard St which is listed at $1,600, while the average apartment in Downtown Melrose costs $5,650.

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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