890 Highland Ave
MedfordMA02155
Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $1,800 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
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$2,2002 Bedroom Apartments Available Now
214 Washington St
214 Washington StMalden, MA 02148
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$2,2001 Bedroom Apartments Available Now
200 Mountain Ave
200 Mountain AveMalden, MA 02148
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$2,3001 Bedroom Apartments Available Mar 15
134 Summer St
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Sep 1
134 Summer St
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Aug 1
134 Summer St
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Sep 1
134 Summer St
134 Summer StMalden, MA 02148
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$2,3001 Bedroom Apartments Available Sep 1
134 Summer St
134 Summer StMalden, MA 02148
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.
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$2,3001 Bedroom Apartments Available Apr 1
134 Summer St
134 Summer StMalden, MA 02148
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$2,4001 Bedroom Apartments Available Sep 1
134 Summer St
134 Summer StMalden, MA 02148
157 Franklin St, Unit A11
157 Franklin St
StonehamMA02180
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$2,5002 Bedroom Apartments Available Now
200 Mountain Ave
200 Mountain AveMalden, MA 02148
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$2,5002 Bedroom Apartments Available Now
15 East St
15 East StMelrose, MA 02176
289 Elm St, Unit 14
289 Elm St
MedfordMA02155
21 Greenwood St
MelroseMA02176
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$2,6002 Bedroom Apartments Available Apr 1
11 Kenmore Rd
11 Kenmore RdMalden, MA 02148
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.
97 Hawthorne St
MaldenMA02148
100 Fellsview Ter, Unit 106
100 Fellsview Ter
StonehamMA02180
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$2,6503 Bedroom Apartments Available Now
258 Broadway
258 BroadwayMalden, MA 02148
20 Marble St
StonehamMA02180
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$2,7002 Bedroom Apartments Available Now
200 Mountain Ave
200 Mountain AveMalden, MA 02148
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$2,7002 Bedroom Apartments Available May 1
200 Mountain Ave
200 Mountain AveMalden, MA 02148
261 Forest St
MaldenMA02148
39 Cottage St, Unit 1
39 Cottage St
StonehamMA02180
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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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 | $2,628 | $2,500 | $2,800 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,459 | $2,850 | $4,200 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,783 | $3,800 | $5,300 |
| Downtown Melrose 5 Bedroom Homes for Rent | $6,173 | $4,350 | $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 24 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 $1,857. Myrtle Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. 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 | $1,857 |
| Myrtle Street | 1BR/1.0BA | 1BR,1BA | $1,900 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of March 12, 2026 the best value apartment in the Downtown Melrose area is the $0.52 price per square foot 330 Swains Pond Ave Model at 330 Swains Pond Ave, Unit 330 in the in the Hammersmith Village neighborhood starting from $5,150. The second greatest value Downtown Melrose apartment is the 452 Main St Model at 452 Main St, Unit 1 starting at $1,800 with a $0.18 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. |
|---|---|---|---|
| 330 Swains Pond Ave, Unit 330 | 330 Swains Pond Ave | 5BR,2.5BA | $0.52 |
| 452 Main St, Unit 1 | 452 Main St | 1BR,1BA | $0.18 |
| 452 Main St, Unit 1 | 452 Main St | 1BR,1BA | $0.18 |
| 592 Salem St, Unit 592SalemSt#2 | 592 Salem St | 4BR,1BA | $1.69 |
| 41 Baker St, Unit 41 | 41 Baker St | 4BR,1BA | $1.67 |
| 110 Crescent Ave, Unit 1 | 110 Crescent Ave | 3BR,1BA | $2.07 |
| 51 Claremont St, Unit 2 | 51 Claremont St | 3BR,1BA | $1.92 |
| 131 Pierce St, Unit 404 | 131 Pierce St | 2BR,1BA | $0.88 |
| 28 Wolcott St, Unit 2 | 28 Wolcott St | 2BR,1BA | $2.33 |
| 40 Grace St, Unit 1 | 40 Grace St | 2BR,1BA | $2.20 |
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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The 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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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 #7
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 223 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,150 to $19,835. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,800 to $10,000.
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 $1,800 to $10,000 with an average monthly rent of $3,848.
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 $2,499 to $7,917, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $4,200. Four Bedroom Single-Family rentals are also available starting from $3,800 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.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.