Cheap Homes for Rent in Melvin, IA from $700 (13 Rentals)

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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.

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.

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
Tallgrass Village Apartments & TownhomesStudio ApartmentStudio,1BA$770
Seneca Place Apartments1 Bedroom1BR,1BA$775

Best Value Apartments for Rent in Melvin, IA and Nearby

As of June 06, 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 $1,445 with a $1.19 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$1.19
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Aspen Ridge Reserve3 Bedroom 2 Bathroom Apartment3BR,2BA$1.14
HOME - FIELD APARTMENTS I2BR/1.0BA2BR,1BA$1.12
Joslyn Heights Apartments2 Bed 2 Bath Apartment2BR,2BA$1.18
Deer Creek Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.16
Fair View by KadingCottage - 22BR,1BA$1.00
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$1.21

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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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Melvin

What type of rentals are currently available in Melvin?

There are currently 67 Apartments for Rent in Melvin, IA with pricing that ranges from $599 to $3,005. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melvin ranging from $725 to $3,995.

What is the current price range for Rental Homes in Melvin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melvin ranges from $725 to $3,995 with an average monthly rent of $1,811.

How much are larger Three and Four Bedroom Rentals in Melvin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melvin range from $1,065 to $2,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,595.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.