
Cheap Apartments for Rent in Melrose, MN from $750 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.


Oak Ridge Manor Senior 62+ Apartments

Meadowlark Apartments

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Driftwood Apartments

718 6th Ave S

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Westfield Apartments

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Clover Hill Apartments

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Westwood Village
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Cypress Court

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Jacobs Square Apartments

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Parkview Apartments

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Suncrest Apartments

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Granite Manor/Runestone

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Graceview Estates

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134 Crossing

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Westwood Parkway Estates
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Oaks on 20th

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Birch Spring Apartment Homes

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Boulder Ridge Apartment Homes

Osakis Community Manor

310 8th St N

512 Maple Ln

320 Augusta Ave SE

519 14th St S
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

706 1st St S

121 Wilson Ave NE

Pioneer Pointe

6445 132nd Ave NE

510 2nd St N

625 Iowa Ave NE

154 3rd Ave

24288 Marquette 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.

611 Jefferson St
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 | $1,200 | $750 | $1,951 |
| Melrose 1 Bedroom Apartments | $1,220 | $768 | $1,851 |
| Melrose 2 Bedroom Apartments | $1,460 | $920 | $2,750 |
| Melrose 3 Bedroom Apartments | $1,748 | $1,060 | $3,095 |
Browse Top Apartments in Melrose
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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 Westfield Apartments priced from $768. Westwood Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $920. Here is today’s list of the most affordable Melrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westfield Apartments | 1 bedroom | 1BR, 1BA | $768 |
| Westwood Village | Two bedroom/ One bathroom | 2BR, 1BA | $920 |
| Westwood Parkway Estates | Parkland | 1BR, 1BA | $1,210 |
| Meadowlawn Village | 2 Bed/ 2 Bath | 2BR, 2BA | $1,250 |
| Avon Estates | 2B 1B C | 2BR, 1BA | $1,269 |
| Riverside Flats of Melrose | One Bedroom One Bathroom | 1BR, 1BA | $1,305 |
| Granite Manor/Runestone | 2 Bedrooms, 2 full, 1057 sqft, 4541 Arbor Xing SE. | 2BR, 2BA | $1,353 |
| Mainstreeter Apartment Homes | 2B2B A | 2BR, 2BA | $1,419 |
| Kensington | 2Bed/2Bath | 2BR, 2BA | $1,450 |
| Wobegon Crossings | Willow | 2BR, 2BA | $1,479 |
Best Value Apartments for Rent in Melrose, MN and Nearby
As of September 18, 2026 the best value apartment in the Melrose area is the $1.34 price per square foot 3 Bedrooms, 2 full, 4727 Arbor Xing SE Model at Granite Manor/Runestone starting from $1,763. The second greatest value Melrose apartment is the 2Bed/2Bath Model at Kensington in the West Side neighborhood starting at $1,450 with a $1.16 price per square foot. 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. |
|---|---|---|---|
| Granite Manor/Runestone | 3 Bedrooms, 2 full, 4727 Arbor Xing SE | 3BR, 2BA | $1.34 |
| Kensington | 2Bed/2Bath | 2BR, 2BA | $1.16 |
| Wobegon Crossings | Willow | 2BR, 2BA | $1.45 |
| Mainstreeter Apartment Homes | 2B2B A | 2BR, 2BA | $1.52 |
| Westwood Village | Two bedroom/ One bathroom | 2BR, 1BA | $1.02 |
| Meadowlawn Village | 2 Bed/ 2 Bath | 2BR, 2BA | $1.40 |
| Avon Estates | 2B 1B C | 2BR, 1BA | $1.70 |
| Riverside Flats of Melrose | One Bedroom One Bathroom | 1BR, 1BA | $1.79 |
| Westwood Parkway Estates | Parkland | 1BR, 1BA | $1.67 |
| Westfield Apartments | 1 bedroom | 1BR, 1BA | $1.23 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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
How much is rent for a Cheap One Bedroom Melrose Apartment?
The lowest price for a Cheap One Bedroom Melrose Apartment is $768 at Westfield 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 $920 at Westwood Village.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.