$1,100
Total Monthly Price12 Month Lease Term
Total Monthly Price
Base Rent
$1,100
Utilities & Essentials
Varies
Total Monthly Price
$1,100
1 Bedroom, 2 Bath Townhome for Rent
Available Now
27 Webster Pl
MaldenMA02148
Cheap Homes for Rent in Downtown Melrose Neighborhood of Melrose, MA from $1,100 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Melrose area of Melrose.
27 Webster Pl
MaldenMA02148
close
View Me
$1,795
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now223 Essex St
223 Essex StMelrose, MA 02176
close
View Me
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.
104 W Emerson St, Unit 3
104 W Emerson St
MelroseMA02176
428 Salem St, Unit 1
428 Salem St
MaldenMA02148
50 Franklin St
StonehamMA02180
594 Franklin St
MelroseMA02176
57 Howard St
MelroseMA02176
4 Melrose St, Unit #3
4 Melrose St
BostonMA02116
180 Green St
MelroseMA02176
51 Melrose St
MelroseMA02176
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
45 Lincoln St, Unit 2
45 Lincoln St
MaldenMA02148
58 Wright St
StonehamMA02180
137 Lynde St
MelroseMA02176
close
View Me
27 W Wyoming Ave
MelroseMA02176
1 Maude St
MaldenMA02148
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.
Showing Results 1-18, 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 | $2,867 | $2,350 | $4,000 |
| Downtown Melrose 3 Bedroom Homes for Rent | $3,710 | $3,200 | $4,800 |
| Downtown Melrose 4 Bedroom Homes for Rent | $4,200 | $3,300 | $5,300 |
| Downtown Melrose 5 Bedroom Homes for Rent | $4,842 | $3,500 | $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 18 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,750. Malom Trust Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,800. 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 | $1,750 |
| Malom Trust Apartments | Studio | Studio,1BA | $1,800 |
| Altitude Apartments | Studio - Premium | Studio,1BA | $1,860 |
Best Value Apartments for Rent in Downtown Melrose, MA
As of September 15, 2025 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 476 Fulton St Model at 476 Fulton St, Unit 1 starting at $5,295 with a $0.53 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. |
|---|---|---|---|
| 330 Swains Pond Ave, Unit 330 | 330 Swains Pond Ave | 5BR,2.5BA | $0.52 |
| 476 Fulton St, Unit 1 | 476 Fulton St | 5BR,4.5BA | $0.53 |
| 463 Fulton St, Unit 1 | 463 Fulton St | 3BR,2BA | $1.99 |
| 19 Skyline Dr, Unit 19 | 19 Skyline Dr | 3BR,1BA | $2.07 |
| 40 Hurd St, Unit #2 | 40 Hurd St | 4BR,1BA | $2.20 |
| 118 Wyoming Ave, Unit 118 | 118 Wyoming Ave | 3BR,1.5BA | $2.55 |
| APT Correlative Housing - The Coolidge | 2BR/2.0BA | 2BR,2BA | $2.51 |
| 12 Gilbert Ct, Unit 12 | 12 Gilbert Ct | 2BR,1BA | $2.58 |
| Gardencrest Apartments | 1BR/1.0BA | 1BR,1BA | $2.46 |
| 67 Washington St, Unit 102 | 67 Washington St | Studio ,1BA | $2.77 |
Quick 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.
Let everyone know!
Do you know the Downtown Melrose area?
If you’re an expert on all things Downtown Melrose, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 214 Apartments for Rent in Downtown Melrose, MA with pricing that ranges from $1,450 to $17,787. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Melrose ranging from $1,100 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 $1,100 to $5,995 with an average monthly rent of $3,251.
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 $2,500 to $10,484, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $4,800. 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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.