Cheap Apartments for Rent in Melrose, MA from $900 (42 Rentals)

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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
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14 Shawmut Ter, Unit 2
$1,280
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,280

Total Monthly Price
$1,280
1 Bedroom Apartment Available Jan 30

14 Shawmut Ter, Unit 2

14 Shawmut TerMalden, MA 02148
Furnished
  • Smoke Free
property at 195 Pleasant St

$1,670

Total Monthly Price

Total Monthly Price

Base Rent
$1,670

Total Monthly Price
$1,670

1 Bedroom, 1 Bath Home for Rent

Available Now

195 Pleasant St

MaldenMA02148
property at 37 Almont 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 Almont St

MedfordMA02155

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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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property at 25 Oakland Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

25 Oakland Ave

EverettMA02149
property at 73 West St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

73 West St

MaldenMA02148
property at 2 Granite St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

2 Granite St

MaldenMA02148

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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347 Pleasant St, Unit 349-B1-14
$1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
Studio Apartment Available Jun 1

347 Pleasant St, Unit 349-B1-14

347 Pleasant StMalden, MA 02148
Affordability
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39-41 Richardson Ave
Studio to 1 Bedroom Apartments

39-41 Richardson Ave

39-41 Richardson AveWakefield, MA 01880
  • Utilities Included

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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Stoneham House
Studio to 2 Bedroom Apartments

Stoneham House

180-222 Central StStoneham, MA 02180
  • Utilities Included
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101-109 Summer Street
1 to 2 Bedroom Apartments

101-109 Summer Street

101-109 Summer StMalden, MA 02148
  • Utilities Included
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30 Howard St
1 to 2 Bedroom Apartments

30 Howard St

30 Howard StSaugus, MA 01906
  • Utilities Included
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7 Falmouth St
1 Bedroom Apartments

7 Falmouth St

7 Falmouth StSaugus, MA 01906
  • Utilities Included
  • Smoke Free
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349 Pleasant St
Studio to 3 Bedroom Apartments

349 Pleasant St

349 Pleasant StMalden, MA 02148
  • Utilities Included
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Broadway Apartments
Studio to 1 Bedroom Apartments

Broadway Apartments

246 BroadwayMalden, MA 02148
  • Utilities Included
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Andover House
Studio to 2 Bedroom Apartments

Andover House

21 Wyeth StMalden, MA 02148
  • Utilities Included
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411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
  • Utilities Included

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

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudio - PremiumStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
27 1st St, Unit 127 1st St4BR,4.5BA$0.48
7 Shawmut Ter, Unit #17 Shawmut Ter1BR,1BA$0.20
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
460 Highland Ave, Unit #1460 Highland Ave1BR,1BA$0.24
75 Pinkert St, Unit 275 Pinkert St3BR,2BA$0.09
3 Dudley St, Unit 13 Dudley St2BR,1BA$0.24
592 Salem St, Unit 592SalemSt#2592 Salem St4BR,1BA$1.69
29 Locust St, Unit A29 Locust St3BR,1.5BA$1.58
41 Baker St, Unit 141 Baker St4BR,1BA$1.67
166 Sheridan Ave, Unit Unit 1166 Sheridan Ave2BR,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.

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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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 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.

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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.

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