104 W Emerson St, Unit 5a
104 W Emerson St
MelroseMA02176
Cheap Apartments for Rent in the Downtown Melrose Neighborhood of Melrose, MA from $1,000 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Melrose area of Melrose.
241 Tremont St
MelroseMA02176
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$1,850
Total Monthly Price
Base Rent$1,850
Total Monthly Price$1,850
147 W Wyoming Ave, Unit 2R
147 W Wyoming AveMelrose, MA 02176
191 W Wyoming Ave, Unit 10
191 W Wyoming Ave
MelroseMA02176
14 E Wyoming Ave
MelroseMA02176
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$2,000
Total Monthly Price
Base Rent$2,000
Total Monthly Price$2,000
10 Chestnut St, Unit 3
10 Chestnut StMelrose, MA 02176
10 Chestnut St
MelroseMA02176
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Rent Specials
$2,170 - $2,595
Total Monthly Price
Base Rent$2,170 - $2,595
Total Monthly Price$2,170 - $2,595
Towne Estates
209 Pleasant StMelrose, MA 02176
822 Main St
MelroseMA02176
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$2,300
Total Monthly Price
Base Rent$2,300
Total Monthly Price$2,300
197 W Wyoming Ave, Unit #2
197 W Wyoming AveMelrose, MA 02176
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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$2,375 - $2,850
Total Monthly Price
Base Rent$2,375 - $2,850
Total Monthly Price$2,375 - $2,850
Corey10
10 Corey StMelrose, MA 02176
189 W Wyoming Ave, Unit 31
189 W Wyoming Ave
MelroseMA02176
137 Lynde St
MelroseMA02176
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Studio Apartments
232 Tremont St
232 Tremont StMelrose, MA 02176
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Studio to 2 Bedroom Apartments
119 West Wyoming
119 W Wyoming AveMelrose, MA 02176
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Studio to 2 Bedroom Apartments
32 Tappan St.
32 Tappan StMelrose, MA 02176
60 Vinton St
MelroseMA02176
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$1,688 - $3,091
Total Monthly Price
Base Rent$1,688 - $3,091
Total Monthly Price$1,688 - $3,091
Altitude Apartments
211 Kennedy DrMalden, MA 02148
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$1,750
Total Monthly Price
Base Rent$1,750
Total Monthly Price$1,750
2 Park Ave, Unit 1
2 Park AveMalden, MA 02148
84 Sprague St
MaldenMA02148
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,825
Total Monthly Price
Base Rent$1,825
Total Monthly Price$1,825
67 Washington St, Unit 102
67 Washington StMalden, MA 02148
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$1,900
Total Monthly Price
Base Rent$1,900
Total Monthly Price$1,900
85 Maple St, Unit 5
85 Maple StMalden, MA 02148
18 Fairview Ave
MaldenMA02148
141 Pierce St
MaldenMA02148
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$1,9501 Bedroom Apartments Available Now
1538 Eastern Ave, Unit 4
1538 Eastern AveMalden, MA 02148
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$2,000
Total Monthly Price
Base Rent$2,000
Total Monthly Price$2,000
43 Mc Cormack St, Unit 1
43 Mc Cormack StMalden, MA 02148
793 Main St, Unit 3
793 Main St
MaldenMA02148
44 Spring St
MaldenMA02148
120 Summer St, Unit 7
120 Summer St
MaldenMA02148
120 Summer St, Unit 7
120 Summer St
MaldenMA02148
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$2,1001 Bedroom Apartments Available Now
134 Summer St, Unit 47
134 Summer StMalden, MA 02148
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Rent Specials
$2,136 - $13,252
Total Monthly Price
Base Rent$2,136 - $13,252
Total Monthly PriceVaries
Avana Cliffside
500 BroadwayMalden, MA 02148
85 Oliver St
MaldenMA02148
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$2,1501 Bedroom Apartments Available Now
1538 Eastern Ave, Unit 10
1538 Eastern AveMalden, MA 02148
1 Glenwood St, Unit 2
1 Glenwood St
MaldenMA02148
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$2,200 - $2,850
Total Monthly Price
Base Rent$2,200 - $2,850
Total Monthly Price$2,200 - $2,850
Malom Trust Apartments
200 MountainMalden, MA 02148
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$2,250 - $2,350
Total Monthly Price
Base Rent$2,250 - $2,350
Total Monthly PriceVaries
Melrose Terrace
12 Melrose TerWakefield, MA 01880
525 Highland Ave, Unit 34
525 Highland Ave
MaldenMA02148
524 Highland Ave
MaldenMA02148
530 Highland Ave
MaldenMA02148
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
21 Myrtle St, Unit 5
21 Myrtle St
MaldenMA02148
21 Myrtle St, Unit 5
21 Myrtle St
MaldenMA02148
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$2,300
Total Monthly Price
Base Rent$2,300
Total Monthly Price$2,300
827 Main St, Unit 1
827 Main StMalden, MA 02148
525 Highland Ave, Unit 34
525 Highland Ave
MaldenMA02148
64 Clark St
MaldenMA02148
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Rent Specials
$2,376 - $7,109
Total Monthly Price
Base Rent$2,376 - $7,109
Total Monthly PriceVaries
Residences at Stevens Pond
1 Founders WaySaugus, MA 01906
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$2,395
Total Monthly Price
Base Rent$2,395
Total Monthly Price$2,395
32 Pond St, Unit 2
32 Pond StStoneham, MA 02180
7 Greenwood St
WakefieldMA01880
30 Collins Ave
SaugusMA01906
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$2,400
Total Monthly Price
Base Rent$2,400
Total Monthly Price$2,400
7 Jordan Ter, Unit #C
7 Jordan TerMalden, MA 02148
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.
Showing Results 1-50, Page 1 of 2
Downtown Melrose, Melrose, MA Local Guide
How much does it cost to rent an apartment in Downtown Melrose?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Melrose Studio Apartments | $2,111 | $1,688 | $2,572 |
| Downtown Melrose 1 Bedroom Apartments | $2,877 | $1,750 | $10,000+ |
| Downtown Melrose 2 Bedroom Apartments | $3,524 | $1,900 | $10,000+ |
| Downtown Melrose 3 Bedroom Apartments | $3,976 | $2,700 | $10,000+ |
| Downtown Melrose 4 Bedroom Apartments | $4,267 | $2,800 | $8,138 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 2 mile radius of the Downtown Melrose Neighborhood of Melrose, MA.
See all Apartments in MelroseExplore Melrose
Downtown Melrose, Melrose, MA Local Guide
- Nearby Melrose neighborhoods
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Cheapest Available Downtown Melrose Apartments for Rent
The cheapest available apartment rental in the Downtown Melrose area of Boston, MA is a Studio unit found at Altitude Apartments priced from $1,688. 2 Granite has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable Downtown Melrose apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Upgrade | Studio,1BA | $1,688 |
| 2 Granite | 1BR/1.0BA | 1BR,1BA | $1,850 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,170 |
| Avana Cliffside | A1AG | 1BR,1BA | $2,286 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of September 11, 2026 the best value apartment in the Downtown Melrose area is the $1.88 price per square foot 9 Durso Ave Model at 9 Durso Ave, Unit 2 in the in the Ferryway neighborhood starting from $3,000. The second greatest value Downtown Melrose apartment is the 9 Kenilworth St Model at 9 Kenilworth St, Unit 3 Beds 1 Bath Apartment starting at $3,100 with a $2.14 price per square foot in the Ferryway neighborhood. Here is today’s list of the best values for Downtown Melrose apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 9 Durso Ave, Unit 2 | 9 Durso Ave | 2BR,1BA | $1.88 |
| 9 Kenilworth St, Unit 3 Beds 1 Bath Apartment | 9 Kenilworth St | 3BR,1BA | $2.14 |
| 34 S High St, Unit 34 S High St | 34 S High St | 2BR,1BA | $2.15 |
| 7 Jordan Ter, Unit #C | 7 Jordan Ter | 2BR,1.5BA | $2.40 |
| 32 Pond St, Unit 2 | 32 Pond St | 2BR,1BA | $2.40 |
| 27 W Wyoming Ave, Unit #3 | 27 W Wyoming Ave | 2BR,1BA | $2.60 |
| 827 Main St, Unit 1 | 827 Main St | 2BR,1BA | $2.30 |
| 45 Glenwood St, Unit 45 Glenwood St | 45 Glenwood St | 2BR,1BA | $2.78 |
| Residences at Stevens Pond | The Appleton | 1BR,1BA | $2.91 |
| 43 Mc Cormack St, Unit 1 | 43 Mc Cormack St | Studio ,1BA | $2.67 |
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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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.
Read ArticleReal 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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Quick 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.
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Pet Friendly LifestyleDowntown Melrose, Melrose, MA
Ranked #6
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Melrose, Melrose, MA
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Melrose Apartments
What is a cheap apartment in Downtown Melrose?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Melrose is under $2,286.
What is the price of a cheap apartment in Downtown Melrose?
The cheapest apartment in Downtown Melrose is 2 Granite which is listed at $1,850, while the average apartment in Downtown Melrose costs $2,799.
What types of apartments are the cheapest in Downtown Melrose?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Downtown Melrose that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Melrose?
Cheap apartments in Downtown Melrose have an average cost of $236 which is $2,563 cheaper than the average rent for all rentals in Downtown Melrose.
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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