close
View Me
Cheap Apartments for Rent in Melrose, NM from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Melrose.
401-401-401-402 16th St
ClovisNM88101
1515 1 W 18th St
PortalesNM88130
703 Ross St
ClovisNM88101
510 W 15th St
PortalesNM88130
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.
1018-1020 Pile St
ClovisNM88101
close
View Me
600 Ashland Ave
FrionaTX79035
409 W 16th St
PortalesNM88130
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.
close
View Me
close
View Me
609 Hinkle St
ClovisNM88101
1017 W 14th Ln
PortalesNM88130
1117 W University Dr
PortalesNM88130
414 West St
ClovisNM88101
522 S Ave E
PortalesNM88130
close
View Me
The 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.
221 S Avenue J
PortalesNM88130
709 1/2 Rencher St
ClovisNM88101
1015 Gidding St
ClovisNM88101
416 W 6th St
PortalesNM88130
close
View Me
1114 N Elgin Ave
PortalesNM88130
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.
900 E Danube St
PortalesNM88130
809 S Avenue A
PortalesNM88130
Showing Results 1-25, Page 1 of 1
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 | $758 | $525 | $1,115 |
| Melrose 2 Bedroom Apartments | $1,153 | $600 | $2,200 |
Browse Top Apartments in Melrose
See all Apartments in MelroseExplore Melrose
Melrose, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Melrose Apartments for Rent and Nearby
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Townsgate Apartments | 300 Townsgate | 2BR,1BA | $950 |
| Raintree Apartments | C1 | 2BR,2BA | $1,355 |
Best Value Apartments for Rent in Melrose, NM and Nearby
As of September 15, 2025 the best value apartment in the Melrose area is the $1.41 price per square foot C1 Model at Raintree Apartments in the starting from $1,385. The second greatest value Melrose apartment is the 300 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. |
|---|---|---|---|
| Raintree Apartments | C1 | 2BR,2BA | $1.41 |
| Townsgate Apartments | 300 Townsgate | 2BR,1BA | $1.06 |
| 108 Wallace St, Unit #1 | 108 Wallace St | 2BR,1BA | $1.19 |
Quick 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.
Let everyone know!
Do you know the Melrose area?
If you’re an expert on all things Melrose, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Melrose, NM Rentals by Map
See the most popular apartments and homes in Melrose, NM
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
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.