104 W Emerson St, Unit 5a
104 W Emerson St
MelroseMA02176
Cheap Homes for Rent in the Downtown Melrose Neighborhood of Melrose, MA from $1,485 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
84 Franklin St, Unit 2
84 Franklin St
StonehamMA02180
191 W Wyoming Ave, Unit 10
191 W Wyoming Ave
MelroseMA02176
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$1,9501 Bedroom Apartments Available Now
1538 Eastern Ave, Unit 4
1538 Eastern AveMalden, MA 02148
793 Main St, Unit 3
793 Main St
MaldenMA02148
120 Summer St, Unit 7
120 Summer St
MaldenMA02148
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
120 Summer St, Unit 7
120 Summer St
MaldenMA02148
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$2,1001 Bedroom Apartments Available Now
134 Summer St, Unit 47
134 Summer StMalden, MA 02148
37 1st St
MaldenMA02148
1 Glenwood St, Unit 2
1 Glenwood St
MaldenMA02148
197 Clifton St
MaldenMA02148
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$2,1501 Bedroom Apartments Available Now
1538 Eastern Ave, Unit 10
1538 Eastern AveMalden, MA 02148
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.
180 Mountain Ave
MaldenMA02148
525 Highland Ave, Unit 34
525 Highland Ave
MaldenMA02148
21 Myrtle St, Unit 5
21 Myrtle St
MaldenMA02148
21 Myrtle St, Unit 5
21 Myrtle St
MaldenMA02148
60 Vinton St
MelroseMA02176
20-22 Emerson St
StonehamMA02180
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.
525 Highland Ave, Unit 34
525 Highland Ave
MaldenMA02148
189 W Wyoming Ave, Unit 31
189 W Wyoming Ave
MelroseMA02176
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Downtown Melrose, Melrose, MA Local Guide
How much does it cost to rent a home in Downtown Melrose?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Melrose 2 Bedroom Homes for Rent | $2,820 | $2,295 | $4,200 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,777 | $2,695 | $5,500 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,322 | $3,150 | $5,500 |
| Downtown Melrose 5 Bedroom Homes for Rent | $9,950 | $4,900 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Downtown Melrose Neighborhood of Melrose, MA.
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Downtown Melrose, Melrose, MA Local Guide
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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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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 Downtown Melrose
What type of rentals are currently available in Downtown Melrose?
There are currently 209 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,688 to $18,885. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,485 to $15,000.
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 $1,485 to $15,000 with an average monthly rent of $3,259.
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 $13,252, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $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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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.