Cheap Apartments for Rent near Melrose, OH from $590 (42 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

Total Monthly Price

Base Rent$702 - $1,547
Total Monthly Price$702 - $1,547
Studio to 2 Bedroom Apartments Available Soon

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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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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Pike Run Village
2 to 3 Bedroom Apartments

Pike Run Village

257 Elida RdDelphos, OH 45833
  • Utilities Included
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Apple Glen
1 to 3 Bedroom Apartments

Apple Glen

1116 Kear RdVan Wert, OH 45891
  • 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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Partridge Place
1 to 3 Bedroom Apartments

Partridge Place

400 Partridge Place DrPaulding, OH 45879
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Wellington Place
1 to 3 Bedroom Apartments

Wellington Place

1350 N Locust StOttawa, OH 45875
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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
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PineView Apartments
1 to 2 Bedroom Apartments

PineView Apartments

780 Sheffield AveNapoleon, OH 43545
Corporate Housing
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1540 N Elizabeth St
1 Bedroom Apartments

1540 N Elizabeth St

1540 N Elizabeth StLima, OH 45801
Student Housing

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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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

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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2563 W Market St
2 Bedroom Apartments

2563 W Market St

2563 W Market StLima, OH 45805
  • Utilities Included
Showing Results 1-42, 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
Apple Glen1 Bedroom Unit1BR,1BA$624
Partridge Place2 Bedroom Unit2BR,1BA$709
Glen Arbors2x12BR,1BA$786
Shoaff Park Villas1 Bed, 1 bath1BR,1BA$795
Fountain Lake Apartment HomesVersailles1BR,1BA$815
Deer Creek Apartments2 Bedroom2BR,1BA$875
Mark Royal2 Bedroom2BR,1BA$880
Winthrop Terrace - Defiance2 Bed2BR,1BA$899

Best Value Apartments for Rent in Melrose, OH and Nearby

As of September 12, 2026 the best value apartment in the Melrose area is the $1.12 price per square foot The Walnut Model at Windsor Oaks in the in the North Fort Wayne neighborhood starting from $1,390. The second greatest value Melrose apartment is the 2 Bed 2 Bath Model at The Annex of Lima starting at $825 with a $0.67 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.
Windsor OaksThe Walnut2BR,2BA$1.12
The Annex of Lima2 Bed 2 Bath2BR,2BA$0.67
Partridge Place2 Bedroom Unit2BR,1.5BA$0.73
Fountain Creek Senior Villas2 Beds, 1 bath2BR,1BA$0.64
Deer Creek Apartments2 Bedroom2BR,1BA$1.01
Royal Jameson2 Bedroom2BR,1BA$1.11
Glen Arbors2x12BR,1BA$0.97
Fountain Lake Apartment HomesVersailles1BR,1BA$1.13
Apple Glen1 Bedroom Unit1BR,1BA$0.93
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $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 Deer Creek Apartments and starts from $975.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.