
Cheap Homes for Rent in Melrose, MN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.


310 20th Ave W

408 McKay SApt

1873 10th Ave E

627 7th Ave S

102 Lake Ave S
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Melrose, MN Local Guide

How much does it cost to rent a home in Melrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose 2 Bedroom Homes for Rent | $1,318 | $820 | $1,895 |
Melrose 3 Bedroom Homes for Rent | $1,913 | $1,345 | $2,900 |
Melrose 4 Bedroom Homes for Rent | $1,553 | $1,225 | $1,795 |
Melrose 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Browse Top Homes for Rent in Melrose
Explore Melrose
Melrose, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Melrose Apartments for Rent and Nearby
 The cheapest available apartment rental in Melrose, MN is a 1 Bed unit found at Oak Ridge Manor Senior 62+ Apartments priced from $718. Westfield Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here is today’s list of the most affordable Melrose apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $718 |
Westfield Apartments | 1 Bedroom HC | 1BR,1BA | $768 |
Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $880 |
Best Value Apartments for Rent in Melrose, MN and Nearby
As of April 24, 2025 the best value apartment in the Melrose area is the $1.30 price per square foot Willow 2 BD - 2.5 BA (R) Model at Rivers Bend Cottage Homes in the starting from $2,375. The second greatest value Melrose apartment is the Hemlock Model at Wobegon Crossings starting at $1,690 with a $1.38 price per square foot . 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. |
---|---|---|---|
Rivers Bend Cottage Homes | Willow 2 BD - 2.5 BA (R) | 2BR,2.5BA | $1.30 |
Wobegon Crossings | Hemlock | 3BR,2BA | $1.38 |
Savanna Apartments | E | 2BR,2BA | $1.17 |
Riverview Lofts | 2bedroom 2 bath | 2BR,2BA | $1.49 |
Community Park Apartment Homes | Two Bed Two Bath with Balcony/Patio | 2BR,2BA | $1.35 |
Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 |
The Oaks on 20th | 1bed/1bathroom with Pantry | 1BR,1BA | $1.44 |
Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $0.96 |
Granite Manor/Runestone | One bedroom/ One bathroom | 1BR,1BA | $1.63 |
2nd Ave Apartments | B.1 | 1BR,1BA | $1.50 |
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.
Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 44 Apartments for Rent in Melrose, MN with pricing that ranges from $718 to $2,444. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $788 to $2,900.
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 $788 to $2,900 with an average monthly rent of $1,455.
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.

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.

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.

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.

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.