Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $1,800 (29 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.

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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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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property at 152 Clifton St

152 Clifton St

MaldenMA02148

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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property at 468 Salem St

468 Salem St, Unit 4

468 Salem St
MaldenMA02148
property at 36 Dodge St

36 Dodge St, Unit 1

36 Dodge St
MaldenMA02148
property at 36 Dodge St

36 Dodge St, Unit 2

36 Dodge St
MaldenMA02148
property at 150 Green St

150 Green St

MelroseMA02176

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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property at 15 Montvale Ave

15 Montvale Ave

StonehamMA02180
Showing Results 1-29, Page 1 of 1

Downtown Melrose, Melrose, MA Local Guide

Cheapest Available Downtown Melrose Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The WashingtonsTwo Bedroom Two Bath (1,100 SF)2BR,2BA$1,659

Best Value Apartments for Rent in Downtown Melrose, MA

As of June 01, 2025 the best value apartment in the Downtown Melrose area is the $0.53 price per square foot 480 Fulton St Model at 480 Fulton St, Unit 2 in the in the Ferryway neighborhood starting from $5,300. The second greatest value Downtown Melrose apartment is the 482 Fulton St Model at 482 Fulton St, Unit 1 starting at $5,500 with a $0.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
480 Fulton St, Unit 2480 Fulton St4BR,4.5BA$0.53
482 Fulton St, Unit 1482 Fulton St4BR,4.5BA$0.55
20 Washington Pl, Unit #11420 Washington Pl2BR,1BA$0.24
22 Linden Rd22 Linden Rd2BR,1BA$0.25
106 Laurel St, Unit #1106 Laurel St1BR,1BA$0.26
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
110 Laurel St, Unit #1110 Laurel St2BR,1BA$0.26
487 Fulton St487 Fulton St4BR,4.5BA$0.48
480 Fulton St, Unit 1480 Fulton St4BR,4.5BA$0.50
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20

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Frequently Asked Questions about Downtown Melrose

What type of rentals are currently available in Downtown Melrose?

There are currently 337 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,600 to $15,914. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,895 to $5,995.

What is the current price range for Rental Homes in Downtown Melrose?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Melrose ranges from $1,895 to $5,995 with an average monthly rent of $3,793.

How much are larger Three and Four Bedroom Rentals in Downtown Melrose?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Melrose range from $2,700 to $15,914, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $5,000. Four Bedroom Single-Family rentals are also available starting from $4,250 and Four Bedroom Apartments start at $3,250.

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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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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.