Cheap Apartments for Rent near Melrose, NY from $900 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melrose.

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.

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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.

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Midrise Apartments
1 Bedroom Apartments

Midrise Apartments

180 N Main StMechanicville, NY 12118
Senior Living

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.

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property at 50-62-62 East St

$1,195 - $1,250

2 Bedroom Rentals

Available Now

50-62-62 East St

SchaghticokeNY12154
property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180
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Forest Lane Apartments
1 to 2 Bedroom Apartments

Forest Lane Apartments

300 Forest LnClifton Park, NY 12065
  • Utilities Included

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.

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The Woods
1 to 2 Bedroom Apartments

The Woods

400 Brunswick DrBrunswick, NY 12180
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Melrose, NY Local Guide

Cheapest Available Melrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melrose, NY is a 1 Bed unit found at Midrise Apartments priced from $1,122. Diamond Rock Terrace Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Midrise ApartmentsOne Bedroom1BR,1BA$1,122
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,175
62 Lancaster St2Bed/1Bath2BR,1BA$1,200
Columbia ApartmentsColumbia Gardens 1 Bedroom1BR,1BA$1,296
City Lofts of Cohoes1BR/1.0BA1BR,1BA$1,350
School One2 Bedroom 1 Bath2BR,1BA$1,450
Hudson Heights ApartmentsThe Press2BR,1BA$1,456
Twin Lakes ApartmentsCosmopolitan1BR,1BA$1,466
Cedar Park ApartmentsLarge 2 Bedroom2BR,1BA$1,577
LandingsThe Amsterdam1BR,1BA$1,705

Best Value Apartments for Rent in Melrose, NY and Nearby

As of July 11, 2026 the best value apartment in the Melrose area is the $1.01 price per square foot Eastham Model at Shelter Cove in the starting from $2,670. The second greatest value Melrose apartment is the 3 BR, 1 BA Model at 8 Division St starting at $2,275 with a $1.42 price per square foot . Here is today’s list of the best values for Melrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shelter CoveEastham2BR,2BA$1.01
8 Division St3 BR, 1 BA3BR,1BA$1.42
Maplewood EstatesThree Bedroom3BR,2BA$1.68
Water's ViewNiagara A2BR,2BA$1.73
Enclave at Duncan MeadowsTwo Bedroom2BR,2BA$1.57
The Ridge ApartmentsRidge C2BR,2BA$1.62
School One2 Bedroom 1 Bath2BR,1BA$1.45
Hudson Heights ApartmentsThe Press2BR,1BA$1.51
62 Lancaster St2Bed/1Bath2BR,1BA$1.37
City Lofts of Cohoes1BR/1.0BA1BR,1BA$1.54

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.

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Real 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.

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Quick Rent Budget Calculator

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Melrose, NY Rentals by Map

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See the most popular apartments and homes in Melrose, NY

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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 $1,122 at Midrise 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 $1,200 at 62 Lancaster St.

What is the most affordable Melrose Three Bedroom Apartment?

The best deal on a cheap Melrose Three Bedroom Apartment rental is at Hudson Heights Apartments and starts from $1,675.

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

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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.

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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.

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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.

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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.