15 Hadley Pl
MedfordMA02155
Cheap Homes for Rent in Melrose, MA from $1,300 (105 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.
36 Park St, Unit 47, Unit 47
36 Park St
MaldenMA02148
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$1,700Studio Apartments Available Sep 1
475 Highland Ave, Unit #1
475 Highland AveMalden, MA 02148
22 W Wyoming Ave, Unit 22
22 W Wyoming Ave
MelroseMA02176
22 W Wyoming Ave, Unit 26
22 W Wyoming Ave
MelroseMA02176
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$1,750Studio Apartments Available Sep 1
53 Fellsway W, Unit 14
53 Fellsway WMedford, MA 02155
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$1,750Studio Apartments Available Jul 1
63 Fellsway W, Unit 14
63 Fellsway WMedford, MA 02155
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$1,750Studio Apartments Available Sep 1
63 Fellsway W, Unit 17
63 Fellsway WMedford, MA 02155
35 Fellsway W
MedfordMA02155
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$1,775Studio Apartments Available Sep 1
53 Fellsway W, Unit 22A
53 Fellsway WMedford, MA 02155
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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$1,780Studio Apartments Available Now
182 Central St, Unit 1
182 Central StStoneham, MA 02180
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$1,800Studio Apartments Available Sep 1
63 Fellsway W, Unit 8
63 Fellsway WMedford, MA 02155
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$1,800Studio Apartments Available Sep 1
17-19 Washington St., Unit 112
17-19-19 Washington StMalden, MA 02148
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$1,800Studio Apartments Available Now
17-19 Washington St., Unit 303
17-19-19 Washington StMalden, MA 02148
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$1,800Studio Apartments Available Jun 1
349 Pleasant St, Unit B1-14
349 Pleasant StMalden, MA 02148
426 Pleasant St
MaldenMA02148
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$1,8001 Bedroom Apartments Available Dec 1
53 Fellsway W, Unit 8
53 Fellsway WMedford, MA 02155
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$1,825Studio Apartments Available Now
53 Fellsway W, Unit 6
53 Fellsway WMedford, MA 02155
398 Pleasant St
MaldenMA02148
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$1,825Studio Apartments Available Sep 1
17-19 Washington St., Unit 103
17-19-19 Washington St SMalden, MA 02148
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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$1,825Studio Apartments Available Aug 1
349 Pleasant St, Unit B1-8
349 Pleasant StMalden, MA 02148
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$1,850Studio Apartments Available Sep 1
349 Pleasant St, Unit A1-18
349 Pleasant StMalden, MA 02148
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$1,850Studio Apartments Available Sep 1
349 Pleasant St, Unit A1-26
349 Pleasant StMalden, MA 02148
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$1,850Studio Apartments Available Now
17-19 Washington St., Unit 109
17-19-19 Washington StMalden, MA 02148
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$1,850Studio Apartments Available Sep 1
53 Fellsway W, Unit 4
53 Fellsway WMedford, MA 02155
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$1,850Studio Apartments Available Sep 1
17-19 Washington St., Unit 515
17-19-19 Washington St SMalden, MA 02148
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$1,8751 Bedroom Apartments Available Sep 1
63 Fellsway W, Unit 19
63 Fellsway WMedford, MA 02155
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$1,8751 Bedroom Apartments Available Jul 1
63 Fellsway W, Unit 12A
63 Fellsway WMedford, MA 02155
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$1,875Studio Apartments Available Sep 1
349 Pleasant St, Unit A1-19
349 Pleasant StMalden, MA 02148
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$1,8751 Bedroom Apartments Available Jul 1
63 Fellsway W, Unit 20
63 Fellsway WMedford, MA 02155
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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$1,8751 Bedroom Apartments Available Aug 1
63 Fellsway W, Unit 7
63 Fellsway WMedford, MA 02155
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$1,8751 Bedroom Apartments Available Sep 1
53 Fellsway W, Unit 21
53 Fellsway WMedford, MA 02155
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$1,8751 Bedroom Apartments Available Sep 1
63 Fellsway W, Unit 15
63 Fellsway WMedford, MA 02155
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$1,9001 Bedroom Apartments Available Now
53 Fellsway W, Unit 29
53 Fellsway WMedford, MA 02155
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$1,900Studio Apartments Available Sep 1
17-19 Washington St., Unit 405
17-19-19 Washington St SMalden, MA 02148
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$1,900Studio Apartments Available Jun 1
17-19 Washington St., Unit 116
17-19-19 Washington StMalden, MA 02148
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$1,9001 Bedroom Apartments Available Sep 1
63 Fellsway W, Unit 6
63 Fellsway WMedford, MA 02155
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$1,9001 Bedroom Apartments Available Sep 1
63 Fellsway W, Unit 10
63 Fellsway WMedford, MA 02155
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$1,900Studio Apartments Available Aug 1
17-19 Washington St., Unit 406
17-19-19 Washington St SMalden, MA 02148
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$1,900Studio Apartments Available Jul 1
17-19 Washington St., Unit 412
17-19-19 Washington St SMalden, MA 02148
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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$1,9001 Bedroom Apartments Available Now
63 Fellsway W, Unit 9
63 Fellsway WMedford, MA 02155
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$1,9001 Bedroom Apartments Available Sep 1
63 Fellsway W, Unit 3
63 Fellsway WMedford, MA 02155
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$1,9501 Bedroom Apartments Available Aug 1
349 Pleasant St, Unit C-7
349 Pleasant StMalden, MA 02148
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$1,9501 Bedroom Apartments Available Now
53 Fellsway W, Unit 2
53 Fellsway WMedford, MA 02155
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$1,9501 Bedroom Apartments Available Sep 1
53 Fellsway W, Unit 3
53 Fellsway WMedford, MA 02155
96 Maple St, Unit 3, Unit 3
96 Maple St
MaldenMA02148
20-22 Summer St
MelroseMA02176
189 W Wyoming Ave, Unit 24
189 W Wyoming Ave
MelroseMA02176
43 Pomeworth St, Unit 34, Unit 34
43 Pomeworth St
StonehamMA02180
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$1,975Studio Apartments Available Now
17-19 Washington St., Unit 309
17-19-19 Washington StMalden, 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.
Melrose, MA Local Guide
How much does it cost to rent a home in Melrose?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Melrose 2 Bedroom Homes for Rent | $2,914 | $1,950 | $4,250 |
| Melrose 3 Bedroom Homes for Rent | $3,614 | $2,600 | $6,000 |
| Melrose 4 Bedroom Homes for Rent | $4,194 | $3,000 | $5,500 |
| Melrose 5 Bedroom Homes for Rent | $7,527 | $4,400 | $10,000+ |
| Melrose 6 Bedroom Homes for Rent | $6,985 | $6,975 | $6,995 |
| Melrose 7 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Melrose, MA Local Guide
- Melrose Neighborhoods
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Cheapest Available Melrose Apartments for Rent
The cheapest available apartment rental in Melrose, MA is a Studio unit found at Altitude Apartments in the East Saugus neighborhood priced from $1,568. Parkwood Apartments in the Ferryway 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Upgrade | Studio,1BA | $1,568 |
| Parkwood Apartments | Studio, non-renovated | Studio,1BA | $1,700 |
| Carlyle House Apartments | Studio, non-renovated (Exeter) | Studio,1BA | $1,700 |
| APTS in Everett, Malden, Chelsea & Boston | Broadway 881 #14 | Studio,1BA | $1,900 |
Best Value Apartments for Rent in Melrose, MA
As of May 23, 2026 the best value apartment in the Melrose area is the $0.20 price per square foot 456 Salem St Model at 456 Salem St in the in the Ferryway neighborhood starting from $1,975. The second greatest value Melrose apartment is the 72 Myrtle St Model at 72 Myrtle St, Unit 1 starting at $2,650 with a $0.27 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 456 Salem St | 456 Salem St | 1BR,1BA | $0.20 |
| 72 Myrtle St, Unit 1 | 72 Myrtle St | 2BR,1BA | $0.27 |
| 452 Main St, Unit 4 | 452 Main St | 1BR,1BA | $0.18 |
| 109 Walnut St, Unit 1 | 109 Walnut St | 4BR,1.5BA | $1.80 |
| 111 Oxford St | 111 Oxford St | 3BR,2.5BA | $1.70 |
| 11 Kearney St | 11 Kearney St | 4BR,2BA | $1.85 |
| 496 Lebanon St, Unit 3 | 496 Lebanon St | 3BR,2.5BA | $1.83 |
| 41 Baker St, Unit 41 Baker Street | 41 Baker St | 4BR,1BA | $1.67 |
| 96 Lawrence St, Unit #3 | 96 Lawrence St | 2BR,1BA | $1.87 |
| 85 High St, Unit 1 | 85 High St | 3BR,1BA | $1.67 |
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.
Read ArticleTop 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
Read ArticleReal 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.
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 Lifestyle
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Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
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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
See the most popular apartments and homes in Melrose, MA
Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 534 Apartments for Rent in Melrose, MA with pricing that ranges from $1,000 to $17,617. There are also 271 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $1,350 to $25,000.
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 $1,350 to $25,000 with an average monthly rent of $4,292.
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 $1,000 to $6,207, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $6,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,900.
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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.