Cheap Apartments for Rent near Melrose, OH from $500 (36 Rentals)

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

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Montrose Square
$702 - $1,547
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Base Rent
$702 - $1,547
Total Monthly Price
$702 - $1,547
Studio to 2 Bedroom Apartments Contact Us For Availability

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Partridge Place
1 to 3 Bedroom Apartments

Partridge Place

400 Partridge Place DrPaulding, OH 45879
  • Utilities Included
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Apple Glen
1 to 3 Bedroom Apartments

Apple Glen

1116 Kear RdVan Wert, OH 45891
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Glen Arbors
2 to 3 Bedroom Apartments

Glen Arbors

2400 Glen Arbors DrNapoleon, OH 43545
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Riverview Estates
Studio to 2 Bedroom Apartments

Riverview Estates

1140 E Riverview AveNapoleon, OH 43545
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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PineView Apartments
1 to 2 Bedroom Apartments

PineView Apartments

780 Sheffield AveNapoleon, OH 43545
Corporate Housing
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Wellington Place
1 to 3 Bedroom Apartments

Wellington Place

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

Arlington Place

530 Degler StDefiance, OH 43512
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Elijah Parkway
1 to 2 Bedroom Apartments

Elijah Parkway

2941 Elijah PkyLima, OH 45805

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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Showing Results 1-36, 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. Fountain Creek Senior Villas has the second lowest priced unit, which is a 2 Beds apartment currently listed from $592. Here is today’s list of the most affordable Melrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town Square Senior Apartments - 62+ or HUDStudio1BR,1BA$225
Fountain Creek Senior Villas2 Beds, 1 bath2BR,1BA$592
Partridge Place2 Bedroom Unit2BR,1BA$709
Apple Glen2 Bedroom Unit2BR,1BA$734
Mark Royal1 Bedroom1BR,1BA$738
Royal Jameson1 Bedroom1BR,1BA$738
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$750
43 Town Square2 Bedroom2BR,1BA$770
Wellington Place2 Bedroom Unit2BR,1BA$850
Fountain Lake Apartment HomesBellagio2BR,1BA$964

Best Value Apartments for Rent in Melrose, OH and Nearby

As of July 29, 2026 the best value apartment in the Melrose area is the $0.87 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,834. The second greatest value Melrose apartment is the 3 Bedroom Model at 43 Town Square starting at $1,413 with a $1.00 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$0.87
43 Town Square3 Bedroom3BR,2BA$1.00
2563 W Market StMarket St.2BR,1BA$0.92
Partridge Place3 Bedroom Unit3BR,1.5BA$0.87
Fountain Lake Apartment HomesBuckingham2BR,1.5BA$1.03
Fountain Creek Senior Villas2 Beds, 1 bath2BR,1BA$0.64
Wellington Place2 Bedroom Unit2BR,1.5BA$0.93
Apple Glen2 Bedroom Unit2BR,1BA$0.85
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$0.92
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$0.45

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

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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 $592 at Fountain Creek Senior Villas.

What is the most affordable Melrose Three Bedroom Apartment?

The best deal on a cheap Melrose Three Bedroom Apartment rental is at Partridge Place and starts from $885.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.