Cheap Apartments for Rent in Melrose, MA from $1,000 (229 Rentals)

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

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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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.

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32 Tappan St.
2 Bedroom Apartments

32 Tappan St.

32 Tappan StMelrose, MA 02176

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700
Altitude ApartmentsStudio - UpgradeStudio,1BA$1,740

Best Value Apartments for Rent in Melrose, MA

As of June 28, 2025 the best value apartment in the Melrose area is the $0.26 price per square foot 106 Laurel St Model at 106 Laurel St, Unit #1 in the in the Ferryway neighborhood starting from $2,600. The second greatest value Melrose apartment is the 110 Laurel St Model at 110 Laurel St, Unit #1 starting at $2,600 with a $0.26 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.
106 Laurel St, Unit #1106 Laurel St1BR,1BA$0.26
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
12 Shawmut St, Unit #112 Shawmut St1BR,1BA$0.20
7 Shawmut Ter, Unit #17 Shawmut Ter1BR,1BA$0.20
22 Linden Rd22 Linden Rd2BR,1BA$0.25
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
21 Essex St, Unit #621 Essex St3BR,1BA$0.27
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
45 Bruno St, Unit #B45 Bruno St2BR,1BA$0.22

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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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See the most popular apartments and homes in Melrose, MA

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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 Parkwood Apartments listed at $1,700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.