Cheap Homes for Rent in Melrose Highlands Neighborhood of Melrose, MA from $1,600 (9 Rentals)

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

property at 340 Main St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Condo for Rent

Available Now

340 Main St

MelroseMA02176
property at 594 Franklin St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

594 Franklin St

MelroseMA02176
property at 71 Montvale Ave

$1,825 - $2,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,825

Total Monthly Price
$1,825

1 To 2 Bedroom Rentals

Available Now

71 Montvale Ave

StonehamMA02180

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.

property at 223 Essex St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

1 Bedroom, 1 Bath Condo for Rent

Available Now

223 Essex St

MelroseMA02176
property at 4 Melrose St

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

4 Melrose St, Unit #3

4 Melrose St
BostonMA02116
property at 59 Spring St

$2,000

Plus Fees

1 Bedroom, 1 Bath Condo for Rent

Available Now

59 Spring St

WakefieldMA01880
property at 51 Melrose St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom Rentals

Available Now

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.

Melrose Highlands, Melrose, MA Local Guide

Cheapest Available Melrose Highlands Apartments for Rent

 

The cheapest available apartment rental in the Melrose Highlands area of Boston, MA is a 1 Bed unit found at Melrose Terrace priced from $2,100. Towne Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,120. Here are the most affordable Melrose Highlands apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Melrose Terrace1 Bedroom1BR,1BA$2,100
Towne EstatesOne Bedroom One Bathroom1BR,1BA$2,120
Windsor Radio FactoryS1 - MillStudio,1BA$2,290

Best Value Apartments for Rent in Melrose Highlands, MA

As of December 21, 2025 the best value apartment in the Melrose Highlands 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 Melrose Highlands apartment is the 496 Lebanon St Model at 496 Lebanon St, Unit 3 starting at $3,300 with a $1.83 price per square foot in the Hammersmith Village neighborhood. Here is today’s list of the best values for Melrose Highlands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
330 Swains Pond Ave, Unit 330330 Swains Pond Ave5BR,2.5BA$0.52
496 Lebanon St, Unit 3496 Lebanon St3BR,2.5BA$1.83
APT Correlative Housing - The Coolidge1BR/1.5BA1BR,1.5BA$2.35
43 Union St, Unit #143 Union St3BR,1.5BA$2.25
48 Pleasant Street2BR/1.5BA2BR,1.5BA$2.73
159 Main St159 Main St2BR,2BA$2.67
47 W Wyoming Ave, Unit 747 W Wyoming Ave2BR,1BA$2.46
197 W Wyoming Ave, Unit #2197 W Wyoming Ave2BR,1BA$3.07
40 Hurd St40 Hurd St1BR,1BA$2.80
Melrose Terrace1 Bedroom1BR,1BA$2.83

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 Article
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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.

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Pet Friendly Lifestyle
Melrose Highlands, Melrose, MA

Ranked #3

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Melrose Highlands

What type of rentals are currently available in Melrose Highlands?

There are currently 128 Apartments for Rent in Melrose Highlands, MA with pricing that ranges from $1,725 to $20,649. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Highlands ranging from $1,600 to $5,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose Highlands ranges from $1,600 to $5,500 with an average monthly rent of $2,992.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose Highlands range from $2,600 to $20,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,925 to $4,750. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $3,200.

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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