Cheap Apartments for Rent near Melrose Park, PA from $740 (176 Rentals)

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

More Than a Suburb: The Best Philly-Area Towns for Renters

Looking for an apartment near Philadelphia? Discover the best surrounding cities that offer the perfect balance of affordability, space, and local charm.

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property at 5526 N Mascher St

$900 - $1,425

1 To 3 Bedroom Rentals

Available Now

5526 N Mascher St

PhiladelphiaPA19120
property at 1401 Beech Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1401 Beech Ave

Elkins ParkPA19027

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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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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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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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 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. Olney Plaza in the West Oak Lane neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. 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
Olney PlazaStudiosStudio,1BA$850
Oaklynne1 Bed 1 Bath1BR,1BA$895
Stenton GardensStudio ClassicStudio,1BA$900
Washington Lane ApartmentsNewly Renovated StudioStudio,1BA$900
Algon GardensAG| Studio JrStudio,1BA$900
Ivy Hill GardensSTUDIOStudio,1BA$900
Oasis Manor - Senior Housing ApartmentsStudioStudio,1BA$950
Regency VillageStudioStudio,1BA$950
6649 N 16th ST1BR/1.0BA1BR,1BA$950

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

As of August 30, 2026 the best value apartment in the Melrose Park area is the $0.51 price per square foot 7703 Woolston Ave Model at 7703 Woolston Ave, Unit #1 in the in the Cedarbrook neighborhood starting from $1,550. The second greatest value Melrose Park apartment is the 1511 Spring Ave Model at 1511 Spring Ave, Unit Apartment #2 - 2nd Floor starting at $2,205 with a $1.42 price per square foot in the Huntingdon Place 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.
7703 Woolston Ave, Unit #17703 Woolston Ave2BR,1BA$0.51
1511 Spring Ave, Unit Apartment #2 - 2nd Floor1511 Spring Ave2BR,1BA$1.42
Madison Manor ApartmentsOfficeStudio ,1BA$1.34
100 York ApartmentsOne Bedroom1BR,1BA$1.24
430 W Olney Ave, Unit 430 W. Olney Avenue430 W Olney Ave2BR,1BA$1.10
Chelten Ave 706 E2BR/1.0BA2BR,1BA$1.50
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
6649 N 16th ST1BR/1.0BA1BR,1BA$1.19
5635 N 5th St, Unit 5635 N 5th Streert5635 N 5th St1BR,1BA$1.41
Oaklynne1 Bed 1 Bath1BR,1BA$1.49

Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Find your perfect Philly college neighborhood. We break down the best areas for student renters near major universities, from walkable West Philly to the trendy spots in North Philly.

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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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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:
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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 $2,755.

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.

Helpful Local Expert Guides

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More Than a Suburb: The Best Philly-Area Towns for Renters

Written by: Richard Corrigan

I’m Richard, your ApartmentHomeLiving.com Local Expert for Philadelphia.

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Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life

Written by: Richard Corrigan

Philadelphia isn’t necessarily thought of as a college town, but it’s home to some of Pennsylvania’s biggest colleges and universities, and thousands of students call the city home.

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Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide

Written by: Richard Corrigan

Welcome to Philadelphia! It’s the city of brotherly love, cheesesteaks, Ben Franklin and Rocky Balboa. And I don’t think you need me to tell you, it’s also a lot more than that.

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Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers

Written by: Richard Corrigan

Philadelphia is a city of neighborhoods. Those who live here take great pride in our specific corners of the city.

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

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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.

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.