$1,850
Total Monthly Price
Total Monthly Price
Base Rent
$1,850
Utilities & Essentials
Varies
Total Monthly Price
$1,850
1 Bedroom, 1 Bath Condo for Rent
Available Now
223 Essex St
MelroseMA02176
Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $1,800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
223 Essex St
MelroseMA02176
428 Salem St, Unit 1
428 Salem St
MaldenMA02148
50 Franklin St
StonehamMA02180
20 Ripley. Unit 1
20 Ripley St
MaldenMA02148
4 Melrose St, Unit #3
4 Melrose St
BostonMA02116
594 Franklin St
MelroseMA02176
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.
79 Waite Street Extension
MaldenMA02148
59 Spring St
WakefieldMA01880
137 Lynde St
MelroseMA02176
42 Loomis St
MaldenMA02148
42 Loomis St, Unit 217
42 Loomis St
MaldenMA02148
51 Clark St, Unit #2
51 Clark St
MaldenMA02148
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.
289 Elm St, Unit 14
289 Elm St
MedfordMA02155
Showing Results 1-13, Page 1 of 1
Downtown Melrose, Melrose, MA Local Guide
fall in downtown Meltose by walknboston is licensed under CC BY 2.0
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 | $2,821 | $2,200 | $4,000 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,572 | $2,400 | $4,500 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,437 | $3,300 | $5,500 |
| Downtown Melrose 5 Bedroom Homes for Rent | $5,446 | $4,500 | $5,995 |
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 13 rentals with your search options within a 2 mile radius of the Downtown Melrose Neighborhood of Melrose, MA.
Explore 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 119 West Wyoming priced from $1,695. Altitude Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,775. Here are the most affordable Downtown Melrose apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 119 West Wyoming | 0BR/1.0BA | Studio,1BA | $1,695 |
| Altitude Apartments | Studio - Premium | Studio,1BA | $1,775 |
| The Emery at Overlook Ridge | S1 | Studio,1BA | $2,080 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,120 |
| Malom Trust Apartments | 1 Bedroom | 1BR,1BA | $2,200 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of October 31, 2025 the best value apartment in the Downtown Melrose area is the $0.38 price per square foot 27 Ridge Hill Ave Model at 27 Ridge Hill Ave, Unit 27 in the in the Hammersmith Village neighborhood starting from $3,800. The second greatest value Downtown Melrose apartment is the 5 Howard St Model at 5 Howard St, Unit 1 starting at $2,200 with a $0.22 price per square foot in the Hammersmith Village 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. |
|---|---|---|---|
| 27 Ridge Hill Ave, Unit 27 | 27 Ridge Hill Ave | 3BR,2BA | $0.38 |
| 5 Howard St, Unit 1 | 5 Howard St | 1BR,1BA | $0.22 |
| 154 Mount Vernon St, Unit 2 | 154 Mount Vernon St | 3BR,1BA | $2.27 |
| APT Correlative Housing - The Coolidge | 2BR/2.0BA | 2BR,2BA | $2.23 |
| 12 Gilbert Ct, Unit 12 | 12 Gilbert Ct | 2BR,1BA | $2.33 |
| 48 Pleasant Street | 2BR/1.5BA | 2BR,1.5BA | $2.82 |
| 31 1st St, Unit 1A | 31 1st St | 2BR,1BA | $2.89 |
| The Residences at Stevens Pond | The Appleton | 1BR,1BA | $2.84 |
| 45 Princeton Rd, Unit #1 | 45 Princeton Rd | 1BR,1BA | $2.75 |
| 40 Hurd St | 40 Hurd St | 1BR,1BA | $2.80 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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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 213 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,695 to $20,649. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,850 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 $1,850 to $5,995 with an average monthly rent of $3,393.
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 $20,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $3,000.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.