
Cheap Apartments for Rent in Melrose, MA from $600 (166 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


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452 Main St, Unit 1

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452 Main St, Unit 1

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7 Cypress Park, Unit Unit 3

340 Main St

66 Lake Avenue

61 Hubbard St

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75 Pinkert St, Unit 2

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85 High St, Unit 1

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167 Main ST, Unit 2-2
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.

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131 Pierce St, Unit 404

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Altitude Apartments

195 Pleasant St

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Carlyle House Apartments

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Parkwood Apartments

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48 Washington St, Unit 112

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105 Washington St, Unit 110

475 Highland Ave

475 Highland Ave

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15 Washington St S
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.

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21 Elm St, Unit A1

63 Fellsway W

63 Fellsway W

53 Fellsway W

53 Fellsway W

53 Fellsway W

53 Fellsway W

63 Fellsway W

182 Central St

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464 Salem St
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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67 Washington St, Unit 102

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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

17-19 Washington St.

63 Fellsway W

2 Granite St

17-19 Washington St.

349 Pleasant St

349 Pleasant St
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.

349 Pleasant St

349 Pleasant St

53 Fellsway W

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180 Pleasant St

53 Fellsway W

53 Fellsway W

17-19 Washington St.

63 Fellsway W

349 Pleasant St

349 Pleasant 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.
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 | $2,093 | $1,648 | $3,655 |
| Cheap Melrose 1 Bedroom Apartments | $2,440 | $675 | $5,889 |
| Cheap Melrose 2 Bedroom Apartments | $3,109 | $1,150 | $7,423 |
| Cheap Melrose 3 Bedroom Apartments | $3,434 | $850 | $7,917 |
| Cheap Melrose 4 Bedroom Apartments | $3,834 | $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
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Cheapest Available Melrose Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Upgrade | Studio,1BA | $1,648 |
Best Value Apartments for Rent in Melrose, MA
As of March 22, 2026 the best value apartment in the Melrose area is the $0.24 price per square foot 72 Myrtle St Model at 72 Myrtle St, Unit 1 in the in the Ferryway neighborhood starting from $2,400. The second greatest value Melrose apartment is the 27 1st St Model at 27 1st St starting at $5,195 with a $0.52 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. |
|---|---|---|---|
| 72 Myrtle St, Unit 1 | 72 Myrtle St | 2BR,1BA | $0.24 |
| 27 1st St | 27 1st St | 4BR,4.5BA | $0.52 |
| 34 Russell St, Unit 2 | 34 Russell St | 4BR,2BA | $0.39 |
| 330 Swains Pond Ave, Unit 330 | 330 Swains Pond Ave | 5BR,2.5BA | $0.52 |
| 460 Highland Ave, Unit #1 | 460 Highland Ave | 1BR,1BA | $0.24 |
| 75 Pinkert St, Unit 2 | 75 Pinkert St | 3BR,2BA | $0.09 |
| 63 Whitman St, Unit 2T | 63 Whitman St | 2BR,1BA | $0.26 |
| 452 Main St, Unit 1 | 452 Main St | 1BR,1BA | $0.18 |
| 254 Salem St, Unit 2 | 254 Salem St | 2BR,1.5BA | $0.32 |
| 452 Main St, Unit 1 | 452 Main St | 1BR,1BA | $0.18 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleBoston 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 $1,648.
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 $2,350 at Malden Gardens.
What is the most affordable Melrose Three Bedroom Apartment?
The best deal on a cheap Melrose Three Bedroom Apartment rental is at APTS in Everett, Malden, Chelsea & Boston and starts from $2,650.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.