Cheap Apartments for Rent in the Downtown Melrose Neighborhood of Melrose, MA from $1,300 (35 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 the Downtown Melrose area of Melrose.

close
View Me
22 Howard St
$2,0001 Bedroom, 1 Bath RentalsAvailable Now

22 Howard St

Melrose, MA 02176
View Details
close
View Me
119 West Wyoming
1 Bedroom Apartments

119 West Wyoming

119 W Wyoming AveMelrose, MA 02176
close
View Me
411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
Showing Results 1-35, Page 1 of 1

Downtown Melrose, Melrose, MA Local Guide

Cheapest Available Downtown Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudio - UpgradeStudio,1BA$1,805

Best Value Apartments for Rent in Downtown Melrose, MA

As of February 11, 2025 the best value apartment in the Downtown Melrose area is the $0.20 price per square foot 69 Washington St Model at 69 Washington St, Unit #18 in the in the Ferryway neighborhood starting from $2,000. The second greatest value Downtown Melrose apartment is the 110 Laurel St Model at 110 Laurel St, Unit #1 starting at $2,600 with a $0.26 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.
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
45 Ryder Ave, Unit #4545 Ryder AveStudio ,1BA$0.14
454 Main St, Unit #1454 Main St1BR,1BA$0.17
230 Mountain Ave, Unit 230230 Mountain Ave3BR,2.5BA$1.88
72 Granville Ave, Unit #172 Granville Ave1BR,1BA$2.00
74 Granville Ave, Unit #174 Granville Ave1BR,1BA$2.00
330 Salem St, Unit 11330 Salem St1BR,1BA$1.58
119 Myrtle St, Unit 1119 Myrtle St1BR,1BA$1.90

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

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

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Melrose, Melrose, MA

School data provided by Great Schools

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 the Cheapest Studio apartment in Downtown Melrose?

Currently the most affordable Cheap Studio Apartment in Downtown Melrose is at Altitude Apartments listed at $1,805.

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

The lowest price for a Cheap One Bedroom Downtown Melrose Apartment is $1,400 at .

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Melrose is starting from $1,863 at The Washingtons.

What is the most affordable Downtown Melrose Three Bedroom Apartment?

The best deal on a cheap Downtown Melrose Three Bedroom Apartment rental is at The Residences at Stevens Pond and starts from $3,929.

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 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 Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.