Cheap Homes for Rent in Pelham, NH from $1,500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Pelham.

property at 4 Sutherland St

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

4 Sutherland St, Unit 4-1

4 Sutherland St
LowellMA01850
property at 130 John St

$1,650 - $3,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

1 To 2 Bedroom Rentals

Available Now

130 John St

LowellMA01852
property at 5 Ellis Ave

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1 Bath Condo for Rent

Available Now

5 Ellis Ave

LowellMA01854

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.

property at 200 Market St

$2,000 - $2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

1 To 2 Bedroom Rentals

Available Now

200 Market St

LowellMA01852
property at 82 Gershom Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 1 Bath Condo for Rent

Available Now

82 Gershom Ave

LowellMA01854
property at 240 Jackson St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

240 Jackson St

LowellMA01852
property at 22 Chapel St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 1 Bath Condo for Rent

Available Now

22 Chapel St

LowellMA01852

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.

Pelham, NH Local Guide

Cheapest Available Pelham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pelham, NH is a 1 Bed unit found at River Place Towers in the Downtown Lowell neighborhood priced from $1,465. Hampshire Heights in the South End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here is today’s list of the most affordable Pelham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Place Towers1 Bedroom1BR,1BA$1,465
Hampshire HeightsStudioStudio,1BA$1,600
Barker Avenue ApartmentsStudio RenovatedStudio,1BA$1,600

Best Value Apartments for Rent in Pelham, NH and Nearby

As of June 08, 2026 the best value apartment in the Pelham area is the $1.84 price per square foot Woodbridge Deluxe (A-B2CR) Model at Abbott Landing, LLC in the in the Industrial Park neighborhood starting from $2,500. The second greatest value Pelham apartment is the C Model at Grandview Apartments starting at $2,995 with a $2.43 price per square foot in the Pawtuckettville neighborhood. Here is today’s list of the best values for Pelham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Abbott Landing, LLCWoodbridge Deluxe (A-B2CR)2BR,2BA$1.84
Grandview ApartmentsC2BR,2BA$2.43
24 Merrimack Street Apartments2 bedroom2BR,1BA$1.79
201 Canal2 Bedroom 2A 2B 2C 2D 2G & 2H - Workforce2BR,2BA$2.25
The Residences at The Franco2 Bedroom "Residences at the Franco"2BR,1BA$2.32
Princeton ReserveThe Estate2BR,2BA$2.58
The Beaver Brook VillageTwo Bedroom2BR,1BA$2.38
The Suites in the Ayer Mansion1 Bedroom Suite1BR,1BA$2.25
22 Lakeview Ave, Unit 222 Lakeview Ave2BR,1BA$2.50
The Apartments at Boott MillsOne Bedroom plus Den1BR,1BA$2.46

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

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

Explore Pelham, NH Rentals by Map

View Map
Pelham, NH Apartments Map
View Map
Pelham, NH Rental Homes Map

Frequently Asked Questions about Pelham

What type of rentals are currently available in Pelham?

There are currently 82 Apartments for Rent in Pelham, NH with pricing that ranges from $1,317 to $6,781. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pelham ranging from $1,500 to $10,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pelham ranges from $1,500 to $10,500 with an average monthly rent of $3,076.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pelham range from $1,994 to $6,781, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,300.

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.