
Cheap Apartments for Rent in the Mount Hood Neighborhood of Melrose, MA from $900 (152 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mount Hood area of Melrose.


22 W Wyoming Ave, Unit 26

104 W Emerson St, Unit 3

Total Monthly Price
223 Essex St

189 W Wyoming Ave, Unit 24

189 W Wyoming Ave, Unit 25

191 W Wyoming Ave, Unit 11

135-137 Lynde St

340 Main St

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40 Hurd St
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.

Total Monthly Price
Towne Estates

53 Pearl St

836 Main St

11 Taylor St

260 Tremont St

119 West Wyoming

32 Tappan St.

28 Spring St, Unit 1

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49 Walnut St, Unit 49 Walnut Street

Total Monthly Price
12 Mount Vernon St, Unit BASEMENT
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.

Altitude Apartments

Carlyle House Apartments

349 Pleasant St, Unit A1-24

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21 Elm St, Unit A1

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85 Maple St, Unit 5

Total Monthly Price
347 Pleasant St

Total Monthly Price
67 Washington St, Unit 102

349 Pleasant St

349 Pleasant St, Unit B1-14

17-19 Washington St. 112, Unit 112
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.

349 Pleasant St, Unit B1-14

17-19 Washington St., Unit 112

349 Pleasant St, Unit B1-8

17-19 Washington St., Unit 103

17-19 Washington St. 103, Unit 103

349 Pleasant St, Unit B1-8

349 Pleasant St, Unit A1-18

17-19 Washington St. 515, Unit 515

17-19 Washington St. 406, Unit 406

349 Pleasant St, Unit A1-26
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.

Total Monthly Price
57 Linden Ave, Unit 5

70 Washington St

349 Pleasant St, Unit A1-18

17-19 Washington St., Unit 406

349 Pleasant St, Unit A1-26

17-19 Washington St., Unit 515

349 Pleasant St, Unit A1-19

349 Pleasant St, Unit A1-19

349 Pleasant St

Total Monthly Price
171 Washington St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Mount Hood, Melrose, MA Local Guide

How much does it cost to rent an apartment in Mount Hood?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Mount Hood Studio Apartments | $2,264 | $1,200 | $3,300 |
| Mount Hood 1 Bedroom Apartments | $2,599 | $900 | $10,000+ |
| Mount Hood 2 Bedroom Apartments | $3,292 | $2,000 | $9,322 |
| Mount Hood 3 Bedroom Apartments | $3,398 | $2,600 | $4,500 |
| Mount Hood 4 Bedroom Apartments | $3,471 | $2,900 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 152 rentals with your search options within a 2 mile radius of the Mount Hood Neighborhood of Melrose, MA.
See all Apartments in MelroseExplore Melrose
Mount Hood, Melrose, MA Local Guide
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Cheapest Available Mount Hood Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altitude Apartments | Studio - Upgrade | Studio,1BA | $1,574 |
| Carlyle House Apartments | Studio, non-renovated (Exeter) | Studio,1BA | $1,700 |
Best Value Apartments for Rent in Mount Hood, MA
As of June 06, 2026 the best value apartment in the Mount Hood area is the $0.21 price per square foot 347 Pleasant St Model at 347 Pleasant St, Unit C1-16 in the in the Ferryway neighborhood starting from $2,050. The second greatest value Mount Hood 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 Mount Hood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 347 Pleasant St, Unit C1-16 | 347 Pleasant St | 1BR,1BA | $0.21 |
| 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 |
| 56 Clayton St | 56 Clayton St | 3BR,1BA | $2.57 |
| 87 Auburn St, Unit 87 Auburn Street | 87 Auburn St | 3BR,1.5BA | $2.27 |
| 96 Lawrence St, Unit #3 | 96 Lawrence St | 2BR,1BA | $1.87 |
| 108 Lyme St | 108 Lyme St | 3BR,1BA | $2.75 |
| 19 Havelock St, Unit 1 | 19 Havelock St | 3BR,1BA | $2.60 |
| 45 Almont St, Unit 45 Almont Street | 45 Almont St | 2BR,1BA | $2.60 |
| 12 Mount Vernon St, Unit BASEMENT | 12 Mount Vernon St | 1BR,1BA | $2.14 |
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 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.
Pet Friendly LifestyleMount Hood, Melrose, MA
Ranked #1
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Mount Hood, Melrose, MA
School data provided by Great Schools
Frequently Asked Questions about Cheap Mount Hood Apartments
What is a cheap apartment in Mount Hood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mount Hood is under $1,700.
What is the price of a cheap apartment in Mount Hood?
The cheapest apartment in Mount Hood is Altitude Apartments which is listed at $1,945, while the average apartment in Mount Hood costs $3,800.
What types of apartments are the cheapest in Mount Hood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 46 regular apartments in Mount Hood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Mount Hood?
Cheap apartments in Mount Hood have an average cost of $267 which is $3,533 cheaper than the average rent for all rentals in Mount Hood.
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

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Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.