Cheap Apartments for Rent in Melrose, MA from $1,000 (87 Rentals)

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

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283 Vinton St, Unit A
$1,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850
1 Bedroom Apartment Available Now

283 Vinton St, Unit A

283 Vinton StMelrose, MA 02176
Family Friendly
  • Smoke Free
property at 506-512-512 Franklin St

506-512-512 Franklin St

MelroseMA02176
property at 37 Crystal St

37 Crystal St

MelroseMA02176
property at 513-517-517 Franklin St

513-517-517 Franklin St

MelroseMA02176
property at 150 Green St

150 Green St

MelroseMA02176
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40 Hurd St
$2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100
1 Bedroom Apartment Available Now

40 Hurd St

40 Hurd StMelrose, MA 02176
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119 West Wyoming
Studio to 2 Bedroom Apartments

119 West Wyoming

119 W Wyoming AveMelrose, MA 02176

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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167 Main ST, Unit 2-2
$1,050
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
4 Bedroom Apartment Available Now

167 Main ST, Unit 2-2

167 Main STMalden, MA 02148
Affordability
property at 195 Pleasant St

195 Pleasant St

MaldenMA02148
property at 107 Summer St

107 Summer St

MaldenMA02148

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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219 Albion St, Unit 3
$1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
1 Bedroom Apartment Available Jan 1, 2026

219 Albion St, Unit 3

219 Albion StWakefield, MA 01880
Affordability
  • Smoke Free
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464 Salem St, Unit 7
$1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
1 Bedroom Apartment Available Now

464 Salem St, Unit 7

464 Salem StMedford, MA 02155
Affordability
  • Smoke Free

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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property at 25 Oakland Ave

25 Oakland Ave

EverettMA02149
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Rumney Flats
Rent Specials
$1,835 - $2,830
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,835 - $2,830
Total Monthly Price
$1,835 - $2,830
Studio to 2 Bedroom Apartments Available Now

Rumney Flats

83 Ward StRevere, MA 02151
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 2 Granite St

2 Granite St

MaldenMA02148
property at 37 Almont St

37 Almont St

MedfordMA02155

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.

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property at 170 Maple St

170 Maple St

MaldenMA02148
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The Chase at Overlook Ridge, East
Rent Specials
$1,941 - $3,155
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,896 - $3,110
Required Monthly Fees
$45
Total Monthly Price
$1,941 - $3,155
Studio to 2 Bedroom Apartments Available Now

The Chase at Overlook Ridge, East

11 Overlook Ridge DrRevere, MA 02151
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash 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.

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Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Carlyle House ApartmentsStudio, non-renovated (Exeter)Studio,1BA$1,800

Best Value Apartments for Rent in Melrose, MA

As of December 10, 2025 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 330 Swains Pond Ave Model at 330 Swains Pond Ave, Unit 330 starting at $5,150 with a $0.52 price per square foot in the Hammersmith Village 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.
27 1st St, Unit 127 1st St4BR,4.5BA$0.48
330 Swains Pond Ave, Unit 330330 Swains Pond Ave5BR,2.5BA$0.52
19 Washington St S, Unit 40219 Washington St S2BR,1BA$0.24
17 Upham St, Unit 117 Upham St2BR,1BA$0.24
51 Mount Vernon St, Unit B51 Mount Vernon StStudio ,1BA$0.16
223 Central St, Unit 7223 Central St1BR,1BA$0.20
111 Oxford St111 Oxford St3BR,2.5BA$1.70
41 Baker St, Unit 4141 Baker St4BR,1BA$1.67
41 Baker St, Unit 41 Baker Street41 Baker St4BR,1BA$1.67
45 Fells Ave, Unit 2545 Fells Ave1BR,1BA$1.78

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.

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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.

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The 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.

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Top 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

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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

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Getting Around Melrose, MA

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Carlyle House Apartments listed at $1,800.

How much is rent for a Cheap One Bedroom Melrose Apartment?

The lowest price for a Cheap One Bedroom Melrose Apartment is $1,825 at Carlyle House 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 $2,400 at Warden Place.

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 $2,600.

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

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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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A Local Experts Guide to the Top Boston Neighborhoods for College Renters

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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!

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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.

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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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.