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Cheap Homes for Rent in Melrose, NM from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Melrose.
611 W 5th 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.
519 1/2 Gidding St
ClovisNM88101
209 Gidding St
ClovisNM88101
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1404 S Avenue J
PortalesNM88130
1017 W 14th Ln
PortalesNM88130
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522 S Ave E
PortalesNM88130
901 Sheldon St
ClovisNM88101
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
523 W 14th St
PortalesNM88130
506 E 1st St
PortalesNM88130
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
816 Wright St
ClovisNM88101
615 N Avenue Q
PortalesNM88130
416 W 6th St
PortalesNM88130
1204 N Edwards St
ClovisNM88101
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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 a home in Melrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose 2 Bedroom Homes for Rent | $985 | $725 | $1,445 |
| Melrose 3 Bedroom Homes for Rent | $1,147 | $725 | $1,500 |
| Melrose 4 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
Browse Top Homes for Rent 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 $949. Gidding Apartments 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 | 125 Townsgate E | 2BR,1BA | $949 |
| Gidding Apartments | 3401 Gidding | 2BR,1BA | $950 |
| 2100 Fred Daugherty Ave | Fred Daugherty | 2BR,2BA | $1,000 |
Best Value Apartments for Rent in Melrose, NM and Nearby
As of June 28, 2025 the best value apartment in the Melrose area is the $0.91 price per square foot 2100 Fred Daughtery B Model at 2100 Fred Daugherty Ave in the starting from $1,000. The second greatest value Melrose apartment is the 129 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. |
|---|---|---|---|
| 2100 Fred Daugherty Ave | 2100 Fred Daughtery B | 2BR,2BA | $0.91 |
| Townsgate Apartments | 129 Townsgate | 2BR,1BA | $1.06 |
| Gidding Apartments | 3401 Gidding | 2BR,1BA | $1.06 |
| 704 W 13th St, Unit 704 W 13th Street | 704 W 13th St | 2BR,1BA | $1.07 |
| 806 W Plaza Dr, Unit #B | 806 W Plaza Dr | 1BR,1BA | $1.11 |
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Frequently Asked Questions about Melrose
What type of rentals are currently available in Melrose?
There are currently 38 Apartments for Rent in Melrose, NM with pricing that ranges from $495 to $1,450. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose ranging from $500 to $1,500.
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 $500 to $1,500 with an average monthly rent of $1,048.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.