Cheap Apartments for Rent in Melrose Park, PA from $500 (150 Rentals)

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

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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property at 2145 Elkins Ave

$900 - $2,000

Studio To 2 Bedroom Rentals

Available Now

2145 Elkins Ave

PhiladelphiaPA19144
property at 5526 N Mascher St

$900 - $1,450

1 To 3 Bedroom Rentals

Available Now

5526 N Mascher St

PhiladelphiaPA19120
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YONO
Rent Specials
$960 - $2,054Studio to 3 Bedroom Apartments Available Now

YONO

1320 W Somerville AvePhiladelphia, PA 19141
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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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property at 1401 Beech Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1401 Beech Ave

Elkins ParkPA19027

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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322 Loney St, Unit Apt 1
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
1 Bedroom Apartment Available Now

322 Loney St, Unit Apt 1

322 Loney StPhiladelphia, PA 19111
Affordability
property at 6780 Blakemore St

$1,095 - $1,350

1 To 2 Bedroom Rentals

Available Now

6780 Blakemore St

PhiladelphiaPA19119

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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6405 Shelbourne St, Unit 2
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

6405 Shelbourne St, Unit 2

6405 Shelbourne StPhiladelphia, PA 19111
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2115 Stenton Ave
$1,150 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,350
Total Monthly Price
$1,150 - $1,350
1 to 2 Bedroom Apartment Available Now

2115 Stenton Ave

2115 Stenton AvePhiladelphia, PA 19138
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6008 N 12th St, Unit 1
$1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150
1 Bedroom Apartment Available Now

6008 N 12th St, Unit 1

6008 N 12th StPhiladelphia, PA 19141
Affordability
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property at 253 Rosemar St

$1,150 - $1,250

2 Bedroom Rentals

Available Now

253 Rosemar St

PhiladelphiaPA19120

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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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
Stenton GardensStudio ClassicStudio,1BA$900
Algon GardensAG| Studio JrStudio,1BA$900
Ivy Hill GardensSTUDIOStudio,1BA$900
Regency VillageStudioStudio,1BA$950
Oasis Manor - Senior Housing ApartmentsStudioStudio,1BA$950
YONOStudioStudio,1BA$960
Academia SuitesStudioStudio,1BA$972

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

As of May 31, 2026 the best value apartment in the Melrose Park area is the $1.29 price per square foot 1 Bedroom 1 Bath Large Model at Towers at Wyncote in the in the Cedarbrook neighborhood starting from $1,655. The second greatest value Melrose Park apartment is the 2115 Stenton Ave Model at 2115 Stenton Ave starting at $1,350 with a $1.09 price per square foot in the West Oak Lane 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.
Towers at Wyncote1 Bedroom 1 Bath Large1BR,1BA$1.29
2115 Stenton Ave2115 Stenton Ave2BR,1BA$1.09
Elkins Park Terrace2 Bedroom2BR,2BA$1.43
Brand New Grange Ave Luxury Apartments2BR/2.0BA2BR,2BA$1.62
Montclair Duplex Apartments2nd Floor2BR,1BA$1.57
6615 N 7th St, Unit 2nd Floor6615 N 7th St1BR,1BA$1.00
6535 Rising Sun Ave, Unit 36535 Rising Sun Ave2BR,1BA$1.50
Cliveden Court1 Bedroom1BR,1BA$1.56
7111 Rising Sun Avenue, Unit 3 rd floor7111 Rising Sun Avenue1BR,1BA$1.25
6405 Shelbourne St, Unit 26405 Shelbourne St1BR,1BA$1.57

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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How much rent can you afford?

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!

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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 $1,000 at Ivy Hill Gardens.

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 $1,200 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 100 York Apartments and starts from $2,250.

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

decorative image for A Local Expert's Guide to the Best Affordable Neighborhoods in Philadelphia article

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.

decorative image for Unlock Your Philly Commute: Your Guide to Renting Near the Citys Biggest Employers article

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.

decorative image for Beyond the Cheesesteak: The Ultimate Philadelphia Transplant Guide article

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.

decorative image for Beyond Campus: Exploring the Best Philadelphia Neighborhoods for College Life article

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.

Articles, How-To's, and Tips

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.