
Cheap Homes for Rent in Pelham, NH from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Pelham.


130 John St

14 Tiffany Rd

5 Ellis Ave
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.

200 Market St

82 Gershom Ave

240 Jackson St

22 Chapel St
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

How much does it cost to rent a home in Pelham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pelham 2 Bedroom Homes for Rent | $2,777 | $1,850 | $5,000 |
| Pelham 3 Bedroom Homes for Rent | $2,937 | $2,200 | $4,000 |
| Pelham 4 Bedroom Homes for Rent | $4,810 | $2,400 | $10,000+ |
| Pelham 5 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Top Homes for Rent in Pelham
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Pelham, NH Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Place Towers | 1 Bedroom | 1BR,1BA | $1,465 |
| Hampshire Heights | Studio | Studio,1BA | $1,600 |
| Barker Avenue Apartments | Studio Renovated | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Abbott Landing, LLC | Woodbridge Deluxe (A-B2CR) | 2BR,2BA | $1.84 |
| Grandview Apartments | C | 2BR,2BA | $2.43 |
| 24 Merrimack Street Apartments | 2 bedroom | 2BR,1BA | $1.79 |
| 201 Canal | 2 Bedroom 2A 2B 2C 2D 2G & 2H - Workforce | 2BR,2BA | $2.25 |
| The Residences at The Franco | 2 Bedroom "Residences at the Franco" | 2BR,1BA | $2.32 |
| Princeton Reserve | The Estate | 2BR,2BA | $2.58 |
| The Beaver Brook Village | Two Bedroom | 2BR,1BA | $2.38 |
| The Suites in the Ayer Mansion | 1 Bedroom Suite | 1BR,1BA | $2.25 |
| 22 Lakeview Ave, Unit 2 | 22 Lakeview Ave | 2BR,1BA | $2.50 |
| The Apartments at Boott Mills | One Bedroom plus Den | 1BR,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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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

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.

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.

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.

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.