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$9001 Bedroom Apartments Available Sep 1
28 Spring St, Unit 1
28 Spring StMalden, MA 02148
Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $1,700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
22 W Wyoming Ave, Unit 26
22 W Wyoming Ave
MelroseMA02176
20 Chestnut St
MaldenMA02148
104 W Emerson St, Unit 3
104 W Emerson St
MelroseMA02176
191 W Wyoming Ave, Unit 4
191 W Wyoming Ave
MelroseMA02176
191 W Wyoming Ave
MelroseMA02176
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.
191 W Wyoming Ave, Unit 11
191 W Wyoming Ave
MelroseMA02176
43 Pomeworth St, Unit 34
43 Pomeworth St
StonehamMA02180
189 W Wyoming Ave
MelroseMA02176
60 Franklin St
StonehamMA02180
166 Salem St, Unit B2
166 Salem St
MaldenMA02148
4 Melrose St, Unit #3
4 Melrose St
BostonMA02116
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.
120 Summer St, Unit 11
120 Summer St
MaldenMA02148
120 Summer St, Unit 6
120 Summer St
MaldenMA02148
120 Summer St, Unit 10
120 Summer St
MaldenMA02148
120 Summer St
MaldenMA02148
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$2,1501 Bedroom Apartments Available Now
26 Porter St, Unit 3
26 Porter StMalden, MA 02148
525 Highland Ave, Unit 45
525 Highland Ave
MaldenMA02148
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
525 Highland Ave
MaldenMA02148
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$2,3001 Bedroom Apartments Available Sep 1
134 Summer St, Unit #32
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Sep 1
134 Summer St, Unit 32
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Now
134 Summer St, Unit 17
134 Summer StMalden, MA 02148
95 Maple St
MaldenMA02148
21 Myrtle 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.
175 W Wyoming Ave
MelroseMA02176
51 Clark St, Unit #2
51 Clark St
MaldenMA02148
Showing Results 1-26, Page 1 of 1
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 | $2,955 | $2,395 | $4,950 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,838 | $2,400 | $6,500 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,387 | $3,150 | $5,500 |
| Downtown Melrose 5 Bedroom Homes for Rent | $25,000 | $10,000 | $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 26 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 Altitude Apartments priced from $1,783. Towne Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,120. Here are the most affordable Downtown Melrose apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Premium | Studio,1BA | $1,783 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,120 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $2,150 |
| Malom Trust Apartments | 1 Bedroom | 1BR,1BA | $2,200 |
| Avana Cliffside | A1AG | 1BR,1BA | $2,224 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of June 12, 2026 the best value apartment in the Downtown Melrose area is the $2.92 price per square foot Two Bedroom Two Bath (1,200 SF) Model at The Washingtons in the in the Hammersmith Village neighborhood starting from $3,502. The second greatest value Downtown Melrose apartment is the 23 Desmond Rd Model at 23 Desmond Rd, Unit 2 starting at $3,150 with a $2.63 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. |
|---|---|---|---|
| The Washingtons | Two Bedroom Two Bath (1,200 SF) | 2BR,2BA | $2.92 |
| 23 Desmond Rd, Unit 2 | 23 Desmond Rd | 4BR,1BA | $2.63 |
| The Coolidge Apartments | 1BR/1.0BA | 1BR,1BA | $2.81 |
| 90 Watervale Rd, Unit Unit # 1 | 90 Watervale Rd | 2BR,1BA | $3.06 |
| 295 Lebanon St, Unit 2 | 295 Lebanon St | 2BR,1BA | $2.89 |
| 21 Mount Vernon Park, Unit 21 Mt Vernon Park | 21 Mount Vernon Park | 2BR,1BA | $2.89 |
| 40 Hurd St | 40 Hurd St | 1BR,1BA | $2.80 |
| 180 Mountain Ave, Unit Unit 14 | 180 Mountain Ave | 1BR,1BA | $3.07 |
| 67 Washington St, Unit 102 | 67 Washington St | Studio ,1BA | $2.77 |
| Altitude Apartments | Studio - Premium | Studio ,1BA | $2.97 |
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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Real 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 #5
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 216 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $900 to $31,500. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,750 to $25,000.
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 $1,750 to $25,000 with an average monthly rent of $6,695.
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 $2,750 to $12,108, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $3,150.
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.
Helpful Local Expert Guides
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.
A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!
Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.