Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $900 (32 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.

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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 18, 2025 the best value apartment in the Downtown Melrose area is the $0.18 price per square foot 119 Myrtle St Model at 119 Myrtle St, Unit #1 in the in the Hammersmith Village neighborhood starting from $1,750. The second greatest value Downtown Melrose apartment is the 69 Washington St Model at 69 Washington St, Unit #18 starting at $2,000 with a $0.20 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.
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
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
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
480 Fulton St, Unit Right480 Fulton St4BR,4.5BA$0.53
476 Fulton St, Unit 1476 Fulton St5BR,4.5BA$0.65
230 Mountain Ave, Unit 230230 Mountain Ave3BR,2.5BA$1.88
71 Granville Ave, Unit #171 Granville Ave1BR,1BA$1.92

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Frequently Asked Questions about Downtown Melrose

What type of rentals are currently available in Downtown Melrose?

There are currently 344 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,300 to $9,490. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $975 to $7,200.

What is the current price range for Rental Homes in Downtown Melrose?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Melrose ranges from $975 to $7,200 with an average monthly rent of $3,792.

How much are larger Three and Four Bedroom Rentals in Downtown Melrose?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Melrose range from $2,600 to $5,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $7,200. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $3,250.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.