Cheap Apartments for Rent in Melrose, OH from $500 (46 Rentals)

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

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Montrose Square
$600 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,547
Total Monthly Price
$600 - $1,547
Studio to 2 Bedroom Apartments Available May 27

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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  • Utilities Included

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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Partridge Place
1 to 3 Bedroom Apartments

Partridge Place

400 Partridge Place DrPaulding, OH 45879
  • Utilities Included
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PineView Apartments
1 to 2 Bedroom Apartments

PineView Apartments

780 Sheffield AveNapoleon, OH 43545
Corporate Housing
  • 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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Riverview Estates
Studio to 2 Bedroom Apartments

Riverview Estates

1140 E Riverview AveNapoleon, OH 43545
  • Utilities Included
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Wellington Place
1 to 3 Bedroom Apartments

Wellington Place

1350 N Locust StOttawa, OH 45875
  • Utilities Included
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Arlington Place
2 Bedroom Apartments

Arlington Place

530 Degler StDefiance, OH 43512
  • Utilities Included
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Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing

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.

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2563 W Market St
2 Bedroom Apartments

2563 W Market St

2563 W Market StLima, OH 45805
  • Utilities Included
property at 10326 Old Leo Rd

$1,299

3 Bedroom, 2 Bath Home for Rent

Available Now

10326 Old Leo Rd

Fort WayneIN46825

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.

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Showing Results 1-46, Page 1 of 1

Melrose, OH Local Guide

Cheapest Available Melrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melrose, OH is a 1 Bed unit found at Town Square Senior Apartments - 62+ or HUD priced from $225. Pike Run Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $539. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$225
Pike Run Village30%2BR,1BA$539
Partridge Place2 Bedroom Unit2BR,1BA$683
Mark Royal1 Bed, 1 bath1BR,1BA$738
Royal Jameson1 Bed, 1 bath1BR,1BA$738
Wood Creek ApartmentsThe Willow1BR,1BA$850
Wellington Place2 Bedroom Unit2BR,1BA$850
Fountain Lake Apartment HomesVersailles1BR,1BA$872
43 Town Square2 Bedroom2BR,1BA$956
Elijah ParkwayOne Bedroom1BR,1BA$990

Best Value Apartments for Rent in Melrose, OH and Nearby

As of April 10, 2026 the best value apartment in the Melrose area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value Melrose apartment is the 3 Bed 3 Bath Model at The Annex of Lima starting at $519 with a $0.33 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.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
The Annex of Lima3 Bed 3 Bath3BR,3BA$0.33
43 Town Square3 Bedroom3BR,2BA$1.00
Black Hawk ApartmentsMagnolia3BR,2.5BA$1.12
Northlake Village Apartments2 Bed 1 Bath2BR,1BA$1.20
Partridge Place2 Bedroom Unit2BR,1.5BA$0.71
Pike Run Village60%2BR,1BA$1.20
Wellington Place2 Bedroom Unit2BR,1.5BA$0.93
Fountain Lake Apartment HomesVersailles1BR,1BA$1.21
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$0.45

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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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, OH Rentals by Map

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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 $225 at Town Square Senior Apartments - 62+ or HUD.

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 $539 at Pike Run Village.

What is the most affordable Melrose Three Bedroom Apartment?

The best deal on a cheap Melrose Three Bedroom Apartment rental is at Jefferson Manor Apartments and starts from $995.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.