Cheap Apartments for Rent in Melrose Park, PA from $500 (71 Rentals)

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

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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YONO
Rent Specials
$925 - $2,185Studio to 3 Bedroom Apartments Available Now

YONO

1320 W Somerville AvePhiladelphia, PA 19141
Furnished
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  • Utilities Included
property at 5717 N Park Ave

5717 N Park Ave

PhiladelphiaPA19141

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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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Get the true Philly experience! The Philadelphia Insider's Guide to the city's distinct neighborhoods (Fishtown, Queen Village, Society Hill) and must-see local attractions from ApartmentHomeLiving.com.

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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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714-718 Rhawn St
1 to 2 Bedroom Apartments

714-718 Rhawn St

714-718 Rhawn StPhiladelphia, PA 19111
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Afton Park Apartments
Studio to 2 Bedroom Apartments

Afton Park Apartments

1006 Afton StPhiladelphia, PA 19111
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Treeview Manor Apartments
Studio to 1 Bedroom Apartments

Treeview Manor Apartments

6620-6630 N 5th StPhiladelphia, PA 19126
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Vernon Hall
Studio to 2 Bedroom Apartments

Vernon Hall

615 E Vernon RdPhiladelphia, PA 19119
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Cheltenham Station
Studio to 2 Bedroom Apartments

Cheltenham Station

6810 Martins Mill RdPhiladelphia, PA 19111
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1015-1023 Afton St
Studio to 2 Bedroom Apartments

1015-1023 Afton St

1015-1023 Afton StPhiladelphia, PA 19111
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Blakemore Gardens
1 to 2 Bedroom Apartments

Blakemore Gardens

6748-6788 Blakemore StPhiladelphia, PA 19119
  • Utilities Included

Philadelphia's Best Affordable Neighborhoods

Learn about Philadelphia and the best places to live with original content written by our Local Expert Richard Corrigan

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Showing Results 1-50, Page 1 of 2

Melrose Park, PA Local Guide

Cheapest Available Melrose Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melrose Park, PA is a Studio unit found at Oak Lane Court Apartments in the West Oak Lane neighborhood priced from $750. Algon Gardens in the Mayfair neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Melrose Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Lane Court Apartments0/1.0Studio,1BA$750
Algon GardensAG| Studio JrStudio,1BA$800
Regency VillageStudioStudio,1BA$825
Oaklynne1BR/1.0BA1BR,1BA$895
Ivy Hill GardensSTUDIOStudio,1BA$900
Tyson Arms ApartmentsTyson Arms ApartmentsStudio,1BA$910
YONOStudioStudio,1BA$925
Melrose Court ApartmentsStudioStudio,1BA$925
Stenton ApartmentsStudio | 1 BathStudio,1BA$950

Best Value Apartments for Rent in Melrose Park, PA and Nearby

As of December 08, 2025 the best value apartment in the Melrose Park area is the $1.00 price per square foot 440 E Cheltenham Ave Model at 440 E Cheltenham Ave, Unit 1 in the in the Lawncrest neighborhood starting from $2,500. The second greatest value Melrose Park apartment is the 6322 Rising Sun Ave Model at 6322 Rising Sun Ave, Unit 1 starting at $1,000 with a $0.58 price per square foot in the Lawncrest neighborhood. Here is today’s list of the best values for Melrose Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
440 E Cheltenham Ave, Unit 1440 E Cheltenham Ave3BR,1BA$1.00
6322 Rising Sun Ave, Unit 16322 Rising Sun Ave1BR,1BA$0.58
6550 N Gratz St, Unit A6550 N Gratz St2BR,1BA$1.04
8027 Rodney St, Unit 8027 Rodney street8027 Rodney St2BR,1BA$1.36
Olney Plaza2 Bedroom2BR,1BA$1.23
2101 66th Ave, Unit 12101 66th Ave1BR,1BA$1.22
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
Spencer PlaceSpencer Place 1 Bedroom 1 Bath1BR,1BA$1.39
5535 Crowson St, Unit 2nd Fl - B2 - SRO5535 Crowson StStudio ,1BA$0.79
Oaklynne1BR/1.0BA1BR,1BA$1.38

Unlock Your Philly Commute: Your Guide to Renting Near the City's Biggest Employers

Live like a local! Explore diverse Philly neighborhoods—from trendy Fishtown to historic Cedar Park—with an easy commute to your job. Your expert guide is here.

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

Explore Melrose Park, PA Rentals by Map

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See the most popular apartments and homes in Melrose Park, PA

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Getting Around Melrose Park, PA

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Melrose Park Apartments

What is the Cheapest Studio apartment in Melrose Park?

Currently the most affordable Cheap Studio Apartment in Melrose Park is at Oak Lane Court Apartments listed at $750.

How much is rent for a Cheap One Bedroom Melrose Park Apartment?

The lowest price for a Cheap One Bedroom Melrose Park Apartment is $895 at Oaklynne.

What is the lowest price for a Cheap Two Bedroom Melrose Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melrose Park is starting from $1,150 at Regency Village.

What is the most affordable Melrose Park Three Bedroom Apartment?

The best deal on a cheap Melrose Park Three Bedroom Apartment rental is at Towers at Wyncote and starts from $2,335.

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.

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A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia

Written by: Richard Corrigan

There’s always been more to Philadelphia than meets the eye. When I first came here, I saw it as a tough, gritty town.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!