Cheap Homes for Rent in Melrose, MA from $1,000 (39 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 39 Wyoming Ave

39 Wyoming Ave

MaldenMA02148
property at 120 Tremont St

120 Tremont St

EverettMA02149

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

Read Article
property at 447 Pleasant St

447 Pleasant St

MelroseMA02176
property at 86 Maple St

86 Maple St

MaldenMA02148
property at 51 Newman Rd

51 Newman Rd, Unit 3

51 Newman Rd
MaldenMA02148
property at 333 Central St

333 Central St

SaugusMA01906
property at 95 Maple St

95 Maple St, Unit 3

95 Maple St
MaldenMA02148
property at 90 Maple St

90 Maple St

MaldenMA02148
property at 175 Ward St

175 Ward St

RevereMA02151
property at 94 Maple St

94 Maple St

MaldenMA02148
property at 91 Harvard St

91 Harvard St

MaldenMA02148
property at 134 Summer St

134 Summer St

MaldenMA02148
Showing Results 1-39, Page 1 of 1

Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudioStudio,1BA$1,800

Best Value Apartments for Rent in Melrose, MA

As of March 25, 2025 the best value apartment in the Melrose area is the $0.18 price per square foot 456 Salem St Model at 456 Salem St, Unit 6 in the in the Ferryway neighborhood starting from $1,800. The second greatest value Melrose apartment is the 181 Central St Model at 181 Central St, Unit #11 starting at $2,400 with a $0.24 price per square foot in the Nobility Hill 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.
456 Salem St, Unit 6456 Salem St1BR,1BA$0.18
181 Central St, Unit #11181 Central St2BR,1BA$0.24
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
450 Salem St, Unit 7450 Salem St1BR,1BA$0.18
15 Locust St, Unit 2A15 Locust St2BR,1BA$0.25
11 Belmont St, Unit #311 Belmont St3BR,1BA$0.29
8 Shawmut Ter, Unit #18 Shawmut Ter1BR,1BA$0.20
340 Salem St, Unit #1340 Salem St1BR,1BA$0.23
45 Bruno St, Unit #B45 Bruno St2BR,1BA$0.22
15 Locust St, Unit 215 Locust St2BR,1BA$0.25

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

Frequently Asked Questions about Melrose

What type of rentals are currently available in Melrose?

There are currently 786 Apartments for Rent in Melrose, MA with pricing that ranges from $1,250 to $10,328. There are also 284 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $1,000 to $7,975.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose ranges from $1,000 to $7,975 with an average monthly rent of $4,571.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose range from $2,600 to $10,328, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $5,350. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $1,250.

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.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.