Cheap Homes for Rent in Melrose Highlands Neighborhood of Melrose, MA from $1,700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 71 Montvale Ave

$1,975 - $2,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

1 To 2 Bedroom Rentals

Available Now

71 Montvale Ave

StonehamMA02180
property at 157 Franklin St

$2,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

157 Franklin St, Unit 11, Unit 11

157 Franklin St
StonehamMA02180

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.

property at 20-22-22 Emerson St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

20-22-22 Emerson St

StonehamMA02180
property at 177 Franklin St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom, 1 Bath Condo for Rent

Available Now

177 Franklin St, Unit 2, Unit 2

177 Franklin St
StonehamMA02180
property at 21 Greenwood St

$2,300 - $2,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom Rentals

Available Now

21 Greenwood St

MelroseMA02176
property at 834 Main St

$2,425

Total Monthly Price

Total Monthly Price

Base Rent
$2,425

Total Monthly Price
$2,425

2 Bedroom, 1 Bath Townhome for Rent

Available Now

834 Main St

MelroseMA02176
property at 289 Elm St

$2,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

289 Elm St, Unit 14, Unit 14

289 Elm St
MedfordMA02155

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.

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 119 West Wyoming 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
119 West Wyoming1BR/1.0BA1BR,1BA$2,100
Towne EstatesOne Bedroom One Bathroom1BR,1BA$2,120
Avana CliffsideA1AG1BR,1BA$2,161
Corey103051BR,1BA$2,375
The Devon at Weiss FarmStudioStudio,1BA$2,480

Best Value Apartments for Rent in Melrose Highlands, MA

As of May 08, 2026 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 452 Main St Model at 452 Main St, Unit 4 starting at $1,850 with a $0.19 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
452 Main St, Unit 4452 Main St1BR,1BA$0.19
15 Crescent Ln, Unit 15 Crescent LN Unit B15 Crescent Ln2BR,1BA$1.56
110 Crescent Ave, Unit 1110 Crescent Ave3BR,1BA$2.07
68 Pleasant St, Unit #168 Pleasant St2BR,1BA$2.08
27 W Wyoming Ave, Unit #327 W Wyoming Ave2BR,1BA$2.60
159 Main St159 Main St2BR,2BA$2.67
APT Correlative Housing - The Coolidge1BR/1.0BA1BR,1BA$2.81
202 Sylvan St, Unit 1st floor202 Sylvan St2BR,1BA$2.67
40 Hurd St40 Hurd St1BR,1BA$2.80

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
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Melrose Highlands, Melrose, MA

Ranked #8

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Melrose Highlands

What type of rentals are currently available in Melrose Highlands?

There are currently 120 Apartments for Rent in Melrose Highlands, MA with pricing that ranges from $1,700 to $12,505. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose Highlands ranging from $1,725 to $25,000.

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 $1,725 to $25,000 with an average monthly rent of $7,127.

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 $2,695 to $4,381, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,300 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.

Helpful Local Expert Guides

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for A Local Experts Guide to the Top Boston Neighborhoods for College Renters article

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!

decorative image for Explore Like a Local: The Insider's Guide to Boston article

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.

decorative image for Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.