Cheap Homes for Rent in Melrose, MA from $800 (58 Rentals)

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Search the lowest-cost Homes available for rent right now in Melrose.

property at 104 W Emerson St

$1,485

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,485
Total Monthly Price
$1,485

Studio, 1 Bath Townhome for Rent

Available Aug 1

104 W Emerson St, Unit 5a

104 W Emerson St
MelroseMA02176
property at 39-41-41 Columbia St

$1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

39-41-41 Columbia St, Unit 5

39-41-41 Columbia St
MaldenMA02148

Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert

Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.

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property at 20 Chestnut St

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775
Total Monthly Price
$1,775

Studio, 1 Bath Condo for Rent

Available Now

20 Chestnut St

MaldenMA02148
property at 426 Pleasant St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

Studio, 1 Bath Condo for Rent

Available Sep 1

426 Pleasant St

MaldenMA02148

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.

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property at 37 Cecilian Ave

$1,850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

37 Cecilian Ave, Unit 1st floor

37 Cecilian Ave
RevereMA02151
property at 881 Broadway

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

881 Broadway

EverettMA02149

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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property at 84 Franklin St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

84 Franklin St, Unit 2

84 Franklin St
StonehamMA02180
property at 276 Albion St

$1,995 - $2,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

1 To 2 Bedroom Rentals

Available Now

276 Albion St

WakefieldMA01880
property at 5 Dexter St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

5 Dexter St

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.

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property at 340 Main St

$2,100 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

1 To 2 Bedroom Rentals

Available Now

340 Main 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.

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Showing Results 1-50, Page 1 of 2

Melrose, MA Local Guide

Cheapest Available Melrose Apartments for Rent

 

The cheapest available apartment rental in Melrose, MA is a Studio unit found at Parkwood Apartments in the Ferryway neighborhood priced from $1,700. Carlyle House Apartments in the West Revere neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700
Carlyle House ApartmentsStudio, non-renovated (Exeter)Studio,1BA$1,700
25 Sawyer St1x11BR,1BA$1,700
Altitude ApartmentsStudio - PremiumStudio,1BA$1,803

Best Value Apartments for Rent in Melrose, MA

As of July 07, 2026 the best value apartment in the Melrose area is the $0.10 price per square foot 75 Pinkert St Model at 75 Pinkert St, Unit 2 in the in the Ferryway neighborhood starting from $950. The second greatest value Melrose apartment is the 109 Walnut St Model at 109 Walnut St, Unit 1 starting at $4,200 with a $1.80 price per square foot in the Ferryway neighborhood. Here is today’s list of the best values for Melrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
75 Pinkert St, Unit 275 Pinkert St3BR,2BA$0.10
109 Walnut St, Unit 1109 Walnut St4BR,1.5BA$1.80
111 Oxford St111 Oxford St3BR,2.5BA$1.70
11 Kearney St11 Kearney St4BR,2BA$1.85
231 Spring St231 Spring St4BR,3BA$2.10
23 Rendall Pl, Unit 223 Rendall Pl4BR,2BA$2.19
75 Magoun Ave75 Magoun Ave4BR,1.5BA$2.43
235 Ashcroft Rd235 Ashcroft Rd2BR,1.5BA$2.41
5 Timothy Ave, Unit 15 Timothy Ave4BR,1BA$2.43
32 Pond St, Unit A32 Pond St2BR,1BA$2.45

Boston Neighborhood Guide: Living Near UMass, MGH, and State Street

Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

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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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Top Neighborhoods Near Boston Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com

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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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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 Lifestyle

Ranked #

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Best Local Schools in
Melrose, MA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melrose, MA Rentals by Map

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Frequently Asked Questions about Melrose

What type of rentals are currently available in Melrose?

There are currently 515 Apartments for Rent in Melrose, MA with pricing that ranges from $950 to $19,889. There are also 237 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $800 to $15,000.

What is the current price range for Rental Homes in Melrose?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose ranges from $800 to $15,000 with an average monthly rent of $3,999.

How much are larger Three and Four Bedroom Rentals in Melrose?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose range from $950 to $6,871, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,100 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.

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