
Cheap Homes for Rent in Melrose, MN from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.


512 Maple Ln

1819 Norwood St

519 14th St S

54 Birch Ave S
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.

910 E 2nd St

1320 Oak St

1618 Norwood St

712 3rd St SW

402 8th St N
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.

911 2nd Ave NE

60 Birch Ave S

490 3rd St S

34890 238th Ave

723 5th Ave S
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.

120 City Park Rd
Melrose, MN Local Guide

How much does it cost to rent a home in Melrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose 2 Bedroom Homes for Rent | $1,318 | $960 | $1,900 |
| Melrose 3 Bedroom Homes for Rent | $1,836 | $855 | $2,300 |
| Melrose 4 Bedroom Homes for Rent | $2,550 | $1,500 | $4,000 |
| Melrose 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
| Melrose 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Melrose
Explore 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 | $900 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Kensington | 1 Bed/ 1 Bath Apt | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Melrose, MN and Nearby
As of May 28, 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 D Model at Savanna Apartments starting at $1,100 with a $1.12 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. |
|---|---|---|---|
| The Lodge at Pine Lakes | 3 Bed/ 2 Bath C | 3BR,2BA | $1.29 |
| Savanna Apartments | D | 2BR,1BA | $1.12 |
| Victory Court Apartments | 555 Bldg - Plan G | 2BR,2BA | $1.42 |
| Riverview Lofts | 2bedroom 2 bath furnished | 2BR,2BA | $1.48 |
| Mainstreeter Apartment Homes | 2B2B A | 2BR,2BA | $1.47 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $1.00 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| Kensington | 1 Bed/ 1 Bath Apt | 1BR,1BA | $1.46 |
| 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 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
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Melrose, MN
Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 48 Apartments for Rent in Melrose, MN with pricing that ranges from $747 to $2,991. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $848 to $4,000.
What is the current price range for Rental Homes in Melrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose ranges from $848 to $4,000 with an average monthly rent of $2,081.
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

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.

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.

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.

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.