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Cheap Apartments for Rent in Melrose, NM from $400 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.
516 E 1st St
PortalesNM88130
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1017 W 14th Ln
PortalesNM88130
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1117 W University Dr
PortalesNM88130
111 N Boulder Ave
PortalesNM88130
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Melrose, NM Local Guide
Fields and grasslands of New Mexico by uıɐɾ ʞ ʇɐɯɐs is licensed under CC BY 2.0
How much does it cost to rent an apartment in Melrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose 1 Bedroom Apartments | $795 | $450 | $1,145 |
| Melrose 2 Bedroom Apartments | $1,056 | $775 | $1,385 |
| Melrose 3 Bedroom Apartments | $1,087 | $900 | $1,350 |
Browse Top Apartments in Melrose
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Melrose, NM Local Guide
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Cheapest Available Melrose Apartments for Rent and Nearby
The cheapest available apartment rental in Melrose, NM is a 2 Beds unit found at Townsgate Apartments priced from $950. 300-304 Townsgate Plz has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable Melrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Townsgate Apartments | 133 Townsgate | 2BR,1BA | $950 |
| 300-304 Townsgate Plz | 300 Townsgate | 2BR,1BA | $950 |
| Raintree Apartments | C1 | 2BR,2BA | $1,385 |
Best Value Apartments for Rent in Melrose, NM and Nearby
As of November 14, 2025 the best value apartment in the Melrose area is the $0.92 price per square foot 1824 S Globe Ave Model at 1824 S Globe Ave, Unit Unit D in the starting from $1,100. The second greatest value Melrose apartment is the 133 Townsgate Model at Townsgate Apartments starting at $950 with a $1.06 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. |
|---|---|---|---|
| 1824 S Globe Ave, Unit Unit D | 1824 S Globe Ave | 2BR,2BA | $0.92 |
| Townsgate Apartments | 133 Townsgate | 2BR,1BA | $1.06 |
| 300-304 Townsgate Plz | 300 Townsgate | 2BR,1BA | $1.06 |
| 704 W 13th St, Unit 704 W 13th Street | 704 W 13th St | 2BR,1BA | $1.15 |
| 108 Wallace St, Unit #1 | 108 Wallace St | 2BR,1BA | $1.19 |
| Raintree Apartments | A1 | 1BR,1BA | $1.74 |
| 704 N Lea St, Unit #706 | 704 N Lea St | 1BR,1BA | $1.63 |
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Getting Around Melrose, NM
Walk Score®
7 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
28 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,115 at Raintree 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 $950 at Townsgate Apartments.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.