
Cheap Homes for Rent near Melrose, MN from $800 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.


512 Maple Ln

313 5th St S

619 S Armstrong Ave

519 14th St 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.

216 5th St SW

404 16th Ave SW

60 Birch Ave S

604 White St SW

325 Litchfield Ave SE
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

703 Jefferson St

490 3rd St S

402 4th St S

310 3rd Ave
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.
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 | $1,435 | $895 | $2,500 |
| Melrose 3 Bedroom Homes for Rent | $1,760 | $1,235 | $2,495 |
| Melrose 4 Bedroom Homes for Rent | $2,582 | $1,500 | $4,000 |
| Melrose 5 Bedroom Homes for Rent | $3,200 | $2,600 | $3,800 |
| Melrose 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent 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 $765. Suncrest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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 | $765 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $900 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Granite Manor/Runestone | Studio, 1 full, 611 sqft, 4727 Arbor Xing SE | Studio,1BA | $995 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Melrose, MN and Nearby
As of July 13, 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 3B 2B B Model at Avon Estates starting at $1,729 with a $1.47 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 |
| Avon Estates | 3B 2B B | 3BR,2BA | $1.47 |
| Wobegon Crossings | Willow | 2BR,2BA | $1.59 |
| Westwood Parkway Estates | Cypress | 2BR,2BA | $1.37 |
| Victory Court Apartments | 555 Bldg - Plan G | 2BR,2BA | $1.42 |
| Riverview Lofts | 2bedroom 2 bath furnished | 2BR,2BA | $1.48 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| The Oaks on 20th | 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1.59 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| 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
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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 $750 to $2,991. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $800 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 $800 to $4,000 with an average monthly rent of $1,989.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.