Cheap Homes for Rent in Melrose, IA from $500 (16 Rentals)

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

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-16, Page 1 of 1

Melrose, IA Local Guide

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 ListingModel NameBed/BathPriced From
Foxwood ApartmentsB22BR,1BA$638
MelbourneB3 - 40 - Income Restricted2BR,2BA$639
East Park Apartments1/2 Story Down2BR,1BA$750
Tisdale Apartments2 Bedroom2BR,1BA$760
The RidgesA1 - Renovated1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Meadows3 Bedroom3BR,2BA$0.91
Lincoln Ridge by KadingSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Washington ApartmentsThe Harmon2BR,1BA$1.09
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Orchard Lane Apartments2BR/1.0BA2BR,1BA$0.96
Northern Plains by KadingCottage - 22BR,1BA$1.07
Foxwood ApartmentsB12BR,1BA$0.86
Next Level Apartments - Deer RunB12BR,1BA$1.03
Willow Bend1 Bedroom1BR,1BA$1.13
Tisdale Apartments2 Bedroom2BR,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.

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 43 Apartments for Rent in Melrose, IA with pricing that ranges from $545 to $1,965. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $585 to $2,295.

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 $585 to $2,295 with an average monthly rent of $1,480.

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 $950 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,000.

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 Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.