Cheap Apartments for Rent in Melrose, IA from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.

206 N Madison St

Foxwood Apartments

Sunset Apartments

East Park Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Hampton Meadows

The Ridges

Scotchview Manor Apartments

Fish Creek

Next Level Apartments - Deer Run

2901 E Main St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Orchard Lane Apartments

Rising Ridge Apartments

Northern Plains by Kading

Linden East Apartments

304 S 2nd St

121 S Ash St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Melrose, IA Local Guide

How much does it cost to rent an apartment in Melrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose Studio Apartments | $901 | $745 | $980 |
Melrose 1 Bedroom Apartments | $863 | $545 | $1,380 |
Melrose 2 Bedroom Apartments | $974 | $638 | $1,965 |
Melrose 3 Bedroom Apartments | $1,220 | $950 | $1,850 |
Melrose 4 Bedroom Apartments | $1,019 | $1,000 | $1,058 |
Browse Top Apartments in Melrose
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Melrose, IA Local Guide
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Cheapest Available Melrose Apartments for Rent and Nearby
 The cheapest available apartment rental in Melrose, IA is a 2 Beds unit found at Foxwood Apartments in the Easton Park neighborhood priced from $638. Melbourne in the Southeast Des Moines neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $639. Here is today’s list of the most affordable Melrose apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Foxwood Apartments | B2 | 2BR,1BA | $638 |
Melbourne | B3 - 40 - Income Restricted | 2BR,2BA | $639 |
East Park Apartments | 1/2 Story Down | 2BR,1BA | $750 |
Tisdale Apartments | 2 Bedroom | 2BR,1BA | $760 |
The Ridges | A1 - Renovated | 1BR,1BA | $775 |
Best Value Apartments for Rent in Melrose, IA and Nearby
As of June 04, 2025 the best value apartment in the Melrose area is the $0.91 price per square foot 3 Bedroom Model at The Meadows in the in the Somerset neighborhood starting from $950. The second greatest value Melrose apartment is the Sign a 13 Month Lease, Get the 13th Month Free! Model at Lincoln Ridge by Kading starting at $1,150 with a $1.14 price per square foot in the Easton Park 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. |
---|---|---|---|
The Meadows | 3 Bedroom | 3BR,2BA | $0.91 |
Lincoln Ridge by Kading | Sign a 13 Month Lease, Get the 13th Month Free! | 3BR,1BA | $1.14 |
Washington Apartments | The Harmon | 2BR,1BA | $1.09 |
Linden East Apartments | Two Bed | 2BR,1BA | $1.00 |
Orchard Lane Apartments | 2BR/1.0BA | 2BR,1BA | $0.96 |
Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $1.07 |
Foxwood Apartments | B1 | 2BR,1BA | $0.86 |
Next Level Apartments - Deer Run | B1 | 2BR,1BA | $1.03 |
Willow Bend | 1 Bedroom | 1BR,1BA | $1.13 |
Tisdale Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Melrose, IA
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
15 / 100
Somewhat Bikeable
Minimal bike infrastructure
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
How much is rent for a Cheap One Bedroom Melrose Apartment?
The lowest price for a Cheap One Bedroom Melrose Apartment is $775 at The Ridges.
What is the lowest price for a Cheap Two Bedroom Melrose Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Melrose is starting from $638 at Foxwood Apartments.
What is the most affordable Melrose Three Bedroom Apartment?
The best deal on a cheap Melrose Three Bedroom Apartment rental is at The Meadows and starts from $950.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.