
Cheap Homes for Rent in Melrose, IA from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.


907 Leach Ave

106 1st St NW

1012 Bethel St

1317 B Ave W
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

904 Randolph St

122 McKinley Ave

2323 E Porter Ave

4298 SE 17th St

328 N G St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

443 Hart Ave
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 | $1,176 | $725 | $1,750 |
| Melrose 3 Bedroom Homes for Rent | $1,656 | $995 | $2,450 |
| Melrose 4 Bedroom Homes for Rent | $1,870 | $1,345 | $2,250 |
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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 $600. Next Level Apartments - Easton Village in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $653. 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 | $600 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $653 |
| Dennis Park Apartments | B1 | 2BR,1BA | $713 |
| The Oaks | 1BR/1.0BA | 1BR,1BA | $719 |
| The Hampton Meadows | A1 - Renovated | 1BR,1BA | $750 |
Best Value Apartments for Rent in Melrose, IA and Nearby
As of December 28, 2025 the best value apartment in the Melrose area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Melrose apartment is the Cottage - 3 Model at Vesta Village by Kading starting at $1,235 with a $1.00 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. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.62 |
| Vesta Village by Kading | Cottage - 3 | 3BR,2BA | $1.00 |
| Northern Plains by Kading | Elizabeth | 3BR,2BA | $0.80 |
| Sunset Terrace | 3 Beds, 2 baths | 3BR,2BA | $1.00 |
| Fort Des Moines | 2-Bedroom | 2BR,2BA | $0.97 |
| Willow Bend | 2 Bedroom 2 Bath | 2BR,2BA | $0.98 |
| Linden East Apartments | Two Bed | 2BR,1BA | $1.00 |
| Deer Run Apartments | B1 | 2BR,1BA | $1.01 |
| Dennis Park Apartments | B1 | 2BR,1BA | $0.89 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $1.00 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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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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Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 49 Apartments for Rent in Melrose, IA with pricing that ranges from $418 to $1,965. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $725 to $2,450.
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 $725 to $2,450 with an average monthly rent of $1,406.
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 $560 to $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,345 and Four Bedroom Apartments start at $1,188.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!