Cheap Apartments for Rent near Melvin, IA from $400 (71 Rentals)

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

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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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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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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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
Senior Living
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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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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Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Tanglewood Estates
1 to 2 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
  • Utilities Included

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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Melvin, IA Local Guide

Cheapest Available Melvin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melvin, IA is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. Eytcheson Estates Sherburn has the second lowest priced unit, which is a 2 Beds apartment currently listed from $701. Here is today’s list of the most affordable Melvin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Willows Edge CommonsApartment Style StudioStudio,1BA$795
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$800
Lewis Hotel ApartmentsStudioStudio,1BA$800
Willows South CommonsStudioStudio,1BA$825
Okabena Tower 62+1 BR/1 BA1BR,1BA$827
Fair View by KadingCottage - 22BR,1BA$845
The Shores at Spirit LakeStudio ApartmentStudio,1BA$855

Best Value Apartments for Rent in Melvin, IA and Nearby

As of July 14, 2026 the best value apartment in the Melvin area is the $1.15 price per square foot 3 Beds, 2.5 baths Model at Sundance Ridge Townhomes in the in the Southeast Sioux Falls neighborhood starting from $1,650. The second greatest value Melvin apartment is the 3 Bedroom 2 Bathroom Model at Valley Vue Apartments starting at $1,459 with a $1.20 price per square foot . Here is today’s list of the best values for Melvin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sundance Ridge Townhomes3 Beds, 2.5 baths3BR,2.5BA$1.15
Valley Vue Apartments3 Bedroom 2 Bathroom3BR,2BA$1.20
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
HOME - FIELD APARTMENTS I2BR/1.0BA2BR,1BA$1.12
Briarwood Apartments2 Bedroom Layout2BR,1BA$0.91
Fair View by KadingCottage - 22BR,1BA$1.00
Nobles Square Apartments2 Bedroom2BR,1BA$1.09
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$1.00
Seneca Place Apartments2 Bedroom2BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93

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!

Explore Melvin, IA Rentals by Map

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See the most popular apartments and homes in Melvin, IA

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Frequently Asked Questions about Cheap Melvin Apartments

What is the Cheapest Studio apartment in Melvin?

Currently the most affordable Cheap Studio Apartment in Melvin is at Ridgeview Place Apartments listed at $599.

How much is rent for a Cheap One Bedroom Melvin Apartment?

The lowest price for a Cheap One Bedroom Melvin Apartment is $725 at Sunshine Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Melvin is starting from $701 at Eytcheson Estates Sherburn.

What is the most affordable Melvin Three Bedroom Apartment?

The best deal on a cheap Melvin Three Bedroom Apartment rental is at Ashley Estates and starts from $1,230.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.