
Cheap Homes for Rent near Melrose, IA from $995 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.


1211 Lewis Ave

204 E Franklin Ave

1010 Linden St

109 S Attica Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

118 W Cedar Ln

1321 Army Post Rd

408 E 15th St

914 W 5th St

2012 E Caulder Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

7106 SW 16th St

1317 B Ave W

201 High Ave E

21 Leonard Ave

411 Oak St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

223 Carson St
Melrose, IA 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 | $1,307 | $1,045 | $2,750 |
| Melrose 3 Bedroom Homes for Rent | $1,837 | $1,095 | $2,950 |
| Melrose 4 Bedroom Homes for Rent | $2,075 | $1,575 | $2,295 |
| Melrose 6 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
Browse Top Homes for Rent 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 1 Bed unit found at Next Level Apartments - Easton Village in the Easton Park neighborhood priced from $695. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Melrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $695 |
| Foxwood Apartments | A2 | 1BR,1BA | $700 |
| Orchard Meadows | B1 Classic | 2BR,1BA | $750 |
| Indianola Park Apartments | 1BR Upper | 1BR,1BA | $750 |
| The Hampton Meadows | 1 Bedroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Melrose, IA and Nearby
As of September 05, 2026 the best value apartment in the Melrose area is the $1.04 price per square foot Cottage - 3 Model at Terrace View by Kading in the starting from $1,295. The second greatest value Melrose apartment is the 3 Bedroom - TH Model at The Meadows starting at $1,200 with a $1.04 price per square foot in the Somerset 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. |
|---|---|---|---|
| Terrace View by Kading | Cottage - 3 | 3BR,2BA | $1.04 |
| The Meadows | 3 Bedroom - TH | 3BR,2BA | $1.04 |
| Osceola Heights by Kading | Villa | 3BR,1BA | $1.00 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Willow Bend | 2 Bedroom 2 Bath | 2BR,2BA | $1.03 |
| Orchard Meadows | B1 Partially Renovated | 2BR,1BA | $0.90 |
| Northern Plains by Kading | Cottage - 2 | 2BR,1BA | $0.94 |
| Sunset Apartments | 2bd, 1ba | 2BR,1BA | $1.03 |
| Deer Run Apartments | B1 | 2BR,1BA | $1.00 |
| Dennis Park Apartments | B1 | 2BR,1BA | $0.94 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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!
Explore Melrose, IA Rentals by Map
See the most popular apartments and homes in Melrose, IA
Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 58 Apartments for Rent in Melrose, IA with pricing that ranges from $580 to $1,965. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $995 to $2,950.
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 $995 to $2,950 with an average monthly rent of $1,673.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.