
Cheap Apartments for Rent in the Melrose Neighborhood of Albany, NY from $900 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose area of Albany.


Park Row and New Scotland Gardens Apartments
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100 Chestnut St
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Melrose, Albany, NY Local Guide

How much does it cost to rent an apartment in Melrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose Studio Apartments | $1,114 | $968 | $1,245 |
Melrose 1 Bedroom Apartments | $1,395 | $1,112 | $2,245 |
Melrose 2 Bedroom Apartments | $1,646 | $1,270 | $2,420 |
Melrose 3 Bedroom Apartments | $1,657 | $1,395 | $1,910 |
Melrose 4 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Melrose Neighborhood of Albany, NY.
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Melrose, Albany, NY Local Guide
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Cheapest Available Melrose Apartments for Rent
 The cheapest available apartment rental in the Melrose area of Albany, NY is a Studio unit found at Campus View Apartments priced from $968. 11 S Lake has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Melrose apartments for rent in Albany, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Campus View Apartments | Studio | Studio,1BA | $968 |
11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
Park Row and New Scotland Gardens Apartments | Park Row 1 Bedroom | 1BR,1BA | $1,112 |
Best Value Apartments for Rent in Melrose, NY
As of June 12, 2025 the best value apartment in the Melrose area is the $0.84 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $1,895. The second greatest value Melrose apartment is the 77 Brevator St Model at 77 Brevator St, Unit 2 starting at $2,200 with a $0.99 price per square foot in the Campus Area neighborhood. 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. |
---|---|---|---|
44 James | The James | 2BR,1BA | $0.84 |
77 Brevator St, Unit 2 | 77 Brevator St | 4BR,1BA | $0.99 |
Danker Village | 2 Bedroom | 2BR,1BA | $2.16 |
Park Row and New Scotland Gardens Apartments | New Scotland Large 1 Bedroom | 1BR,1BA | $2.37 |
11 S Lake | Studio Apartment | Studio ,1BA | $1.82 |
100 Chestnut St | Studio, 1 bath | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleMelrose, Albany, NY
Ranked #7
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Melrose Neighborhood in Albany, NY
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
64 / 100
Bikeable
Some bike infrastructure
Transit Score®
55 / 100
Good Transit
Many 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 Melrose Apartments
What is a cheap apartment in Melrose?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose is under $1,895.
What is the price of a cheap apartment in Melrose?
The cheapest apartment in Melrose is Park Row and New Scotland Gardens Apartments which is listed at $1,112, while the average apartment in Melrose costs $2,200.
What types of apartments are the cheapest in Melrose?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Melrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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Albany, the capital of New York state, is a renter’s haven. With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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