
Cheap Apartments for Rent in Melrose, MN from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


Rosemill Apartments

Meadowlark Apartments

Driftwood Apartments

Westfield Apartments

134 21st Ave N

Suncrest Apartments

Clover Hill Apartments
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.

Jacobs Square Apartments

Westwood Village

Parkview Apartments

Pioneer Pointe

Cypress Court

Savanna Apartments

Graceview Estates

Granite Manor/Runestone
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.

Meadowlawn Village

Osakis Community Manor

1005 S 6th St

311 5th St S

512 Maple Ln

605 Carlson Pl

1035 Division St E

1116 6th Ave NE
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.
Melrose, MN Local Guide

How much does it cost to rent an apartment in Melrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose Studio Apartments | $1,099 | $750 | $1,340 |
| Melrose 1 Bedroom Apartments | $1,173 | $747 | $1,646 |
| Melrose 2 Bedroom Apartments | $1,448 | $872 | $3,020 |
| Melrose 3 Bedroom Apartments | $1,707 | $1,060 | $2,991 |
Browse Top Apartments in Melrose
See all Apartments in MelroseExplore Melrose
Melrose, MN Local Guide
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Cheapest Available Melrose Apartments for Rent and Nearby
 The cheapest available apartment rental in Melrose, MN is a 1 Bed unit found at Oak Ridge Manor Senior 62+ Apartments priced from $747. Westfield Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here is today’s list of the most affordable Melrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $747 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $830 |
| Driftwood Apartments | 2B/1B | 2BR,1BA | $920 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
Best Value Apartments for Rent in Melrose, MN and Nearby
As of March 19, 2026 the best value apartment in the Melrose area is the $1.29 price per square foot 3 Bed/ 2 Bath C Model at The Lodge at Pine Lakes in the starting from $1,795. The second greatest value Melrose apartment is the Clearwater Model at Westwood Parkway Estates starting at $1,355 with a $1.37 price per square foot in the West Side 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. |
|---|---|---|---|
| The Lodge at Pine Lakes | 3 Bed/ 2 Bath C | 3BR,2BA | $1.29 |
| Westwood Parkway Estates | Clearwater | 2BR,1BA | $1.37 |
| Glen Terrace Townhomes | Two Bedroom w/ Attached Garage | 2BR,1BA | $1.33 |
| Driftwood Apartments | 2B/1B | 2BR,1BA | $0.99 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $1.00 |
| Savanna Apartments | A | 1BR,1BA | $1.26 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.19 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Melrose, MN
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Melrose, MN Rentals by Map
See the most popular apartments and homes in Melrose, MN
Frequently Asked Questions about Cheap Melrose Apartments
What is the Cheapest Studio apartment in Melrose?
Currently the most affordable Cheap Studio Apartment in Melrose is at Granite Manor/Runestone listed at $995.
How much is rent for a Cheap One Bedroom Melrose Apartment?
The lowest price for a Cheap One Bedroom Melrose Apartment is $747 at Oak Ridge Manor Senior 62+ Apartments.
What is the lowest price for a Cheap Two Bedroom Melrose Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Melrose is starting from $872 at Oak Ridge Manor Senior 62+ Apartments.
What is the most affordable Melrose Three Bedroom Apartment?
The best deal on a cheap Melrose Three Bedroom Apartment rental is at Westwood Village and starts from $1,060.
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.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.