Cheap Homes for Rent in Mount Hood Neighborhood of Melrose, MA from $1,700 (107 Rentals)

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

property at 340 Main St

$1,750 - $2,100

Studio To 1 Bedroom Rentals

Available Now

340 Main St

MelroseMA02176

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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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 20 Chestnut 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

20 Chestnut 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 96 Maple St

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

2 Bedroom, 1 Bath Condo for Rent

Available Now

96 Maple St, Unit 3

96 Maple St
MaldenMA02148
property at 20-22 Summer St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

20-22 Summer 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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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.

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Showing Results 1-50, Page 1 of 3

Mount Hood, Melrose, MA Local Guide

Cheapest Available Mount Hood Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Altitude ApartmentsStudio - UpgradeStudio,1BA$1,568
Carlyle House ApartmentsStudio, non-renovated (Exeter)Studio,1BA$1,700

Best Value Apartments for Rent in Mount Hood, MA

As of June 01, 2026 the best value apartment in the Mount Hood area is the $0.27 price per square foot 72 Myrtle St Model at 72 Myrtle St, Unit 1 in the in the Ferryway neighborhood starting from $2,650. The second greatest value Mount Hood apartment is the 452 Main St Model at 452 Main St, Unit 4 starting at $1,800 with a $0.18 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 ListingModel NameBed/BathPrice Per Sq.Ft.
72 Myrtle St, Unit 172 Myrtle St2BR,1BA$0.27
452 Main St, Unit 4452 Main St1BR,1BA$0.18
496 Lebanon St, Unit 3496 Lebanon St3BR,2.5BA$1.83
41 Baker St, Unit 41 Baker Street41 Baker St4BR,1BA$1.67
56 Clayton St56 Clayton St3BR,1BA$2.57
87 Auburn St, Unit 87 Auburn Street87 Auburn St3BR,1.5BA$2.27
96 Lawrence St, Unit #396 Lawrence St2BR,1BA$1.87
108 Lyme St108 Lyme St3BR,1BA$2.75
Essex Landing SaugusOne Bedroom1BR,1BA$2.78
67 Washington St, Unit 10267 Washington StStudio ,1BA$2.77

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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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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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.

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Pet Friendly Lifestyle
Mount Hood, Melrose, MA

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Mount Hood, Melrose, MA

School data provided by Great Schools

Frequently Asked Questions about Mount Hood

What type of rentals are currently available in Mount Hood?

There are currently 274 Apartments for Rent in Mount Hood, MA with pricing that ranges from $1,200 to $10,872. There are also 177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Hood ranging from $1,725 to $4,950.

What is the current price range for Rental Homes in Mount Hood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Hood ranges from $1,725 to $4,950 with an average monthly rent of $2,878.

How much are larger Three and Four Bedroom Rentals in Mount Hood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Hood range from $2,600 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $4,250. 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.

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