Cheap Apartments for Rent in Melrose, MA from $900 (60 Rentals)

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

property at 37 Crystal St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

37 Crystal St

MelroseMA02176
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223 Essex St
$1,850 - $1,895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,850 - $1,895
Total Monthly Price
$1,850 - $1,895
1 Bedroom Apartment Available Jul 1

223 Essex St

223 Essex StMelrose, MA 02176
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147 W Wyoming Ave
$1,900 - $2,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,900 - $2,450
Total Monthly Price
$1,900 - $2,450
Studio to 1 Bedroom Apartment Available Aug 1

147 W Wyoming Ave

147 W Wyoming AveMelrose, MA 02176
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456 Salem St
$1,725 - $1,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,725 - $1,850
Total Monthly Price
$1,725 - $1,850
Studio to 1 Bedroom Apartment Available Now

456 Salem St

456 Salem StMedford, MA 02155
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property at 390 Fellsway W

$1,750 - $2,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

1 To 2 Bedroom Rentals

Available Now

390 Fellsway W

MedfordMA02155

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 126-128 Vernal St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Home for Rent

Available Now

126-128 Vernal St

EverettMA02149
property at 70 Washington St

$1,850 - $2,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

Studio To 2 Bedroom Rentals

Available Jul 1

70 Washington St

MaldenMA02148

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property at 134 Salem St

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875
Total Monthly Price
$1,875

Studio, 1 Bath Home for Rent

Available Sep 1

134 Salem St

MaldenMA02148

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 18 Reed Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

18 Reed Ave

EverettMA02149
property at 18 Fairview Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Home for Rent

Available Now

18 Fairview Ave

MaldenMA02148
property at 3 Kent Terrace

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

3 Kent Terrace

SaugusMA01906

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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Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 

The cheapest available apartment rental in Melrose, MA is a Studio unit found at Parkwood Apartments in the Ferryway neighborhood priced from $1,700. Carlyle House Apartments in the West Revere neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700
Carlyle House ApartmentsStudio, non-renovated (Exeter)Studio,1BA$1,700
Altitude ApartmentsStudio - PremiumStudio,1BA$1,783

Best Value Apartments for Rent in Melrose, MA

As of June 20, 2026 the best value apartment in the Melrose area is the $0.10 price per square foot 75 Pinkert St Model at 75 Pinkert St, Unit 2 in the in the Ferryway neighborhood starting from $950. The second greatest value Melrose apartment is the 456 Salem St Model at 456 Salem St starting at $1,850 with a $0.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
75 Pinkert St, Unit 275 Pinkert St3BR,2BA$0.10
456 Salem St456 Salem St1BR,1BA$0.19
73 Almont St, Unit 273 Almont St3BR,1BA$0.36
111 Oxford St111 Oxford St3BR,2.5BA$1.70
11 Kearney St11 Kearney St4BR,2BA$1.85
231 Spring St231 Spring St4BR,3BA$2.10
23 Rendall Pl, Unit 223 Rendall Pl4BR,2BA$2.19
896 Fellsway, Unit 2896 Fellsway4BR,2BA$2.22
188 Main St, Unit 2188 Main St4BR,2BA$2.00
235 Ashcroft Rd235 Ashcroft Rd2BR,1.5BA$2.41

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

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Top Neighborhoods Near Boston Colleges and Universities

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle

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Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

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Melrose, MA

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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 $2,800.

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.

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