
Cheap Apartments for Rent in Melrose, MA from $900 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


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75 Pinkert St, Unit 2

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167 Main ST, Unit 2-2

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131 Pierce St, Unit 404

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14 Shawmut Ter, Unit 2

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340 Highland Ave, Unit 2

195 Pleasant St

37 Almont St
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.

Carlyle House Apartments

Parkwood Apartments

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22 Saint Mary St, Unit 19

Altitude Apartments

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21 Elm St, Unit A1

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803 Main St, Unit # 2

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683 Main St, Unit 2 F

53 Fellsway W
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.

182 Central St

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220 Albion St, Unit 1B

25 Oakland Ave

73 West St

53 Fellsway W

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464 Salem St, Unit 7

2 Granite St

53 Fellsway W
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

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85 Maple St, Unit 5

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43 Gale St, Unit 12

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82 Maple St, Unit 6

Malom Trust Apartments

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347 Pleasant St, Unit 349-B1-14

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67 Washington St, Unit 102

39-41 Richardson Ave

Park Place Apartments
Explore Like a Local: The Insider's Guide to Boston
Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.

Stoneham House

101-109 Summer Street

30 Howard St

7 Falmouth St

349 Pleasant St

Broadway Apartments

Andover House

411 Main St
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.

Cliffside Manor Apartments

Pleasant Street Towers
Melrose, MA Local Guide

How much does it cost to rent an apartment in Melrose?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Melrose Studio Apartments | $2,315 | $1,500 | $4,065 |
| Cheap Melrose 1 Bedroom Apartments | $2,523 | $1,280 | $10,000+ |
| Cheap Melrose 2 Bedroom Apartments | $3,213 | $1,150 | $10,000+ |
| Cheap Melrose 3 Bedroom Apartments | $3,652 | $900 | $10,000+ |
| Cheap Melrose 4 Bedroom Apartments | $3,729 | $1,050 | $5,200 |
Browse Top Apartments in Melrose
See all Apartments in MelroseExplore Melrose
Melrose, MA Local Guide
- Melrose Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melrose Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Premium | Studio,1BA | $1,710 |
Best Value Apartments for Rent in Melrose, MA
As of January 25, 2026 the best value apartment in the Melrose area is the $0.48 price per square foot 27 1st St Model at 27 1st St, Unit 1 in the in the Ferryway neighborhood starting from $4,800. The second greatest value Melrose apartment is the 7 Shawmut Ter Model at 7 Shawmut Ter, Unit #1 starting at $2,000 with a $0.20 price per square foot in the Ferryway 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. |
|---|---|---|---|
| 27 1st St, Unit 1 | 27 1st St | 4BR,4.5BA | $0.48 |
| 7 Shawmut Ter, Unit #1 | 7 Shawmut Ter | 1BR,1BA | $0.20 |
| 20 Washington Pl, Unit #114 | 20 Washington Pl | 2BR,1BA | $0.24 |
| 460 Highland Ave, Unit #1 | 460 Highland Ave | 1BR,1BA | $0.24 |
| 75 Pinkert St, Unit 2 | 75 Pinkert St | 3BR,2BA | $0.09 |
| 3 Dudley St, Unit 1 | 3 Dudley St | 2BR,1BA | $0.24 |
| 592 Salem St, Unit 592SalemSt#2 | 592 Salem St | 4BR,1BA | $1.69 |
| 29 Locust St, Unit A | 29 Locust St | 3BR,1.5BA | $1.58 |
| 41 Baker St, Unit 1 | 41 Baker St | 4BR,1BA | $1.67 |
| 166 Sheridan Ave, Unit Unit 1 | 166 Sheridan Ave | 2BR,1BA | $1.60 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
Read ArticleDon'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 ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
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.
Best Local Schools in Melrose, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Melrose, MA Rentals by Map
See the most popular apartments and homes in Melrose, MA
Frequently Asked Questions about Cheap Melrose Apartments
What is the Cheapest Studio apartment in Melrose?
Currently the most affordable Cheap Studio Apartment in Melrose is at Altitude Apartments listed at $1,710.
How much is rent for a Cheap One Bedroom Melrose Apartment?
The lowest price for a Cheap One Bedroom Melrose Apartment is $1,810 at Altitude Apartments.
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 $2,170 at Altitude Apartments.
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.