
Cheap Apartments for Rent in Melrose, MA from $1,000 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


Total Monthly Price
452 Main St, Unit 4, Unit 4

121 Hancock St, Unit 1

121 Hancock St

Total Monthly Price
85 High St, Unit 1, Unit 1

Total Monthly Price
167 Main ST, Unit 2-2, Unit 2-2

Total Monthly Price
75 Pinkert St, Unit 2, Unit 2

Total Monthly Price
49 Walnut St, Unit 49 Walnut Street, Unit 49 Walnut Street

Total Monthly Price
14 Brogan Rd, Unit 2, Unit 2

475 Highland Ave, Unit 1
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475 Highland Ave, Unit #1

Carlyle House Apartments

Parkwood Apartments

Total Monthly Price
21 Elm St, Unit A1, Unit A1

63 Fellsway W, Unit 14

63 Fellsway W, Unit 17

53 Fellsway W, Unit 14

390 Fellsway W

Total Monthly Price
456 Salem St

53 Fellsway W, Unit 22
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53 Fellsway W, Unit 22A

53 Fellsway W, Unit 15

63 Fellsway W, Unit 11

182 Central St, Unit 1

Total Monthly Price
464 Salem St

Total Monthly Price
67 Washington St, Unit 102, Unit 102

63 Fellsway W, Unit 8

Total Monthly Price
85 Maple St, Unit 5, Unit 5

Total Monthly Price
43 Gale St, Unit 12, Unit 12

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82 Maple St, Unit 6, Unit 6
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17-19 Washington St., Unit 112

Total Monthly Price
180 Pleasant St

53 Fellsway W, Unit 1

53 Fellsway W, Unit 8

17-19 Washington St., Unit 303

349 Pleasant St, Unit A1-2

349 Pleasant St, Unit B1-14

349 Pleasant St, Unit A1-5

349 Pleasant St, Unit B1-4

Altitude Apartments
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63 Fellsway W, Unit 5

17-19 Washington St., Unit 103

349 Pleasant St, Unit B1-8

349 Pleasant St, Unit B1-22

349 Pleasant St, Unit B1-12

53 Fellsway W, Unit 9

53 Fellsway W, Unit 6

Total Monthly Price
12 High St, Unit 2, Unit 2

349 Pleasant St, Unit A1-18

349 Pleasant St, Unit A1-17
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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 | $2,131 | $1,200 | $3,655 |
| Cheap Melrose 1 Bedroom Apartments | $2,488 | $1,000 | $9,504 |
| Cheap Melrose 2 Bedroom Apartments | $3,211 | $2,000 | $9,978 |
| Cheap Melrose 3 Bedroom Apartments | $3,412 | $1,000 | $8,201 |
| Cheap Melrose 4 Bedroom Apartments | $4,492 | $1,050 | $10,000+ |
| Melrose 5 Bedroom Apartments | $6,272 | $4,000 | $10,000+ |
Browse Top Apartments in Melrose
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Melrose, MA Local Guide
- Melrose Neighborhoods
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Cheapest Available Melrose Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkwood Apartments | Studio, non-renovated | Studio,1BA | $1,700 |
| Carlyle House Apartments | Studio, non-renovated (Exeter) | Studio,1BA | $1,700 |
Best Value Apartments for Rent in Melrose, MA
As of May 06, 2026 the best value apartment in the Melrose area is the $0.20 price per square foot 456 Salem St Model at 456 Salem St in the in the Ferryway neighborhood starting from $1,975. The second greatest value Melrose apartment is the 72 Myrtle St Model at 72 Myrtle St, Unit 1 starting at $2,650 with a $0.27 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. |
|---|---|---|---|
| 456 Salem St | 456 Salem St | 1BR,1BA | $0.20 |
| 72 Myrtle St, Unit 1 | 72 Myrtle St | 2BR,1BA | $0.27 |
| 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 |
| 75 Pinkert St, Unit 2 | 75 Pinkert St | 3BR,2BA | $0.11 |
| 452 Main St, Unit 4 | 452 Main St | 1BR,1BA | $0.19 |
| 111 Oxford St | 111 Oxford St | 3BR,2.5BA | $1.70 |
| 15 Crescent Ln, Unit 15 Crescent LN Unit B | 15 Crescent Ln | 2BR,1BA | $1.56 |
| 139 Sigourney St, Unit 139 Sigourney Street #2 | 139 Sigourney St | 2BR,1BA | $1.47 |
| 85 High St, Unit 1 | 85 High St | 3BR,1BA | $1.67 |
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Read ArticleBoston Neighborhood Guide: Living Near UMass, MGH, and State Street
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Read ArticleTop Neighborhoods Near Boston Colleges and Universities
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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 Parkwood Apartments listed at $1,700.
How much is rent for a Cheap One Bedroom Melrose Apartment?
The lowest price for a Cheap One Bedroom Melrose Apartment is $1,850 at Parkwood 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 $2,350 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 $2,950.
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.

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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.
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