28 Spring St
MaldenMA02148
Cheap Homes for Rent in the Downtown Melrose Neighborhood of Melrose, MA from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
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$9753 Bedroom Apartments Available Sep 1
18 Beltran St
18 Beltran StMalden, MA 02148
104 W Emerson St, Unit 5a
104 W Emerson St
MelroseMA02176
22 W Wyoming Ave
MelroseMA02176
39-41-41 Columbia St, Unit 5
39-41-41 Columbia 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
84 Franklin St, Unit 2
84 Franklin St
StonehamMA02180
340 Main St
MelroseMA02176
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$2,1001 Bedroom Apartments Available Sep 1
134 Summer St, Unit 32
134 Summer StMalden, MA 02148
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$2,1501 Bedroom Apartments Available Now
26 Porter St, Unit 3
26 Porter StMalden, MA 02148
340 Main St, Unit 609
340 Main St
MelroseMA02176
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.
525 Highland Ave, Unit 45
525 Highland Ave
MaldenMA02148
525 Highland Ave, Unit 45
525 Highland Ave
MaldenMA02148
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$2,2501 Bedroom Apartments Available Sep 1
134 Summer St, Unit 4
134 Summer StMalden, MA 02148
525 Highland Ave
MaldenMA02148
21 Myrtle St, Unit 5
21 Myrtle 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.
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 | $2,894 | $1,000 | $4,250 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,652 | $2,695 | $5,900 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,307 | $3,150 | $5,500 |
| Downtown Melrose 5 Bedroom Homes for Rent | $7,648 | $5,000 | $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 16 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 $2,023. 119 West Wyoming has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,095. 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 | $2,023 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $2,095 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,170 |
| Malom Trust Apartments | 1 Bedroom | 1BR,1BA | $2,200 |
| 30 Pomeworth Street | 2BR/1.0BA | 2BR,1BA | $2,295 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of July 28, 2026 the best value apartment in the Downtown Melrose area is the $1.67 price per square foot 41 Baker St Model at 41 Baker St, Unit 41 Baker Street in the in the Ferryway neighborhood starting from $3,000. The second greatest value Downtown Melrose apartment is the 722 Highland Ave Model at 722 Highland Ave, Unit 2 starting at $3,000 with a $2.31 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. |
|---|---|---|---|
| 41 Baker St, Unit 41 Baker Street | 41 Baker St | 4BR,1BA | $1.67 |
| 722 Highland Ave, Unit 2 | 722 Highland Ave | 3BR,2BA | $2.31 |
| Avana Cliffside | B2C | 2BR,2BA | $2.96 |
| 32 Pond St, Unit 2w | 32 Pond St | 2BR,1BA | $2.45 |
| 32 Pond St, Unit 2 | 32 Pond St | 2BR,1BA | $2.45 |
| 27 W Wyoming Ave, Unit #3 | 27 W Wyoming Ave | 2BR,1BA | $2.60 |
| APT Correlative Housing - The Coolidge | 1BR/1.0BA | 1BR,1BA | $2.74 |
| 30 Pomeworth Street | 2BR/1.0BA | 2BR,1BA | $2.81 |
| 977 Main St, Unit #18 | 977 Main St | 2BR,1BA | $3.17 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $3.00 |
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 #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 207 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $975 to $20,951. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,000 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 $1,000 to $15,000 with an average monthly rent of $3,770.
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 $975 to $11,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $5,900. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $3,000.
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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