Cheap Apartments for Rent in the Melrose-Mercy Neighborhood of St. Petersburg, FL from $400 (207 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Melrose-Mercy area of St. Petersburg.

property at 618 17th Ave S

$1,050 - $1,395

1 To 2 Bedroom Rentals

Available Now

618 17th Ave S

St. PetersburgFL33701
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3815 1ST AVE N
$1,200 - $2,000
Total Monthly Price

Total Monthly Price

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$1,200 - $2,000
Total Monthly Price
$1,200 - $2,000
1 to 2 Bedroom Apartment Available Now

3815 1ST AVE N

3815 1ST AVE NSt. Petersburg, FL 33713
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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 2219 Highland St S

$1,250 - $1,650

1 To 2 Bedroom Rentals

Available Now

2219 Highland St S

St. PetersburgFL33705

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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property at 985 8th Ave S

$1,500 - $2,700

1 To 3 Bedroom Rentals

Available Now

985 8th Ave S

St. PetersburgFL33705

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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The Art of the Rental Viewing: What to look for during a property tour

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Melrose-Mercy, St. Petersburg, FL Local Guide

Cheapest Available Melrose-Mercy Apartments for Rent

 

The cheapest available apartment rental in the Melrose-Mercy area of Tampa, FL is a Studio unit found at Colony Apartments priced from $1,150. Lakeside has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Melrose-Mercy apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Colony ApartmentsStudioStudio,1BA$1,150
LakesideStudioStudio,1BA$1,200
Mirror Lake ApartmentsStudio1BR,1BA$1,200
The WaylandStudio, One Bath North DeluxeStudio,1BA$1,221
Satoshi Sol-FULLY FURNISHED AND ALL INCLUSIVEStudio1BR,1BA$1,250
Alta Mar at Broadwater ApartmentsSchooner2BR,2BA$1,300

Best Value Apartments for Rent in Melrose-Mercy, FL

As of May 25, 2026 the best value apartment in the Melrose-Mercy area is the $1.90 price per square foot C1 Model at Booker Creek Apartments in the in the Melrose-Mercy neighborhood starting from $2,343. The second greatest value Melrose-Mercy apartment is the Clipper Model at Alta Mar at Broadwater Apartments starting at $1,300 with a $1.13 price per square foot in the Bayview neighborhood. Here is today’s list of the best values for Melrose-Mercy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Booker Creek ApartmentsC13BR,2BA$1.90
Alta Mar at Broadwater ApartmentsClipper2BR,2BA$1.13
1701 14th St S1701 14th St S2BR,1BA$1.91
1715 14th St S, Unit 1715 14th St S1715 14th St S2BR,1BA$1.65
Fountain Court Apartments1 bedroom1BR,1BA$1.60
173 38th Ave SE, Unit 173173 38th Ave SE2BR,1BA$2.15
932 Newton Ave S932 Newton Ave S1BR,1BA$2.08
3815 1ST AVE N3815 1ST AVE N1BR,1BA$2.00
Sans Souci Apartments1 BR1BR,1BA$2.13
1846 2nd Ave N, Unit 18461846 2nd Ave N1BR,1BA$2.07

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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Best Local Schools in
Melrose-Mercy, St. Petersburg, FL

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Florida, including St. Petersburg. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Melrose-Mercy Apartments

What is a cheap apartment in Melrose-Mercy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose-Mercy is under $1,300.

What is the price of a cheap apartment in Melrose-Mercy?

The cheapest apartment in Melrose-Mercy is Mirror Lake Apartments which is listed at $1,200, while the average apartment in Melrose-Mercy costs $10,571.

What types of apartments are the cheapest in Melrose-Mercy?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 30 regular apartments in Melrose-Mercy that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Melrose-Mercy?

Cheap apartments in Melrose-Mercy have an average cost of $189 which is $10,382 cheaper than the average rent for all rentals in Melrose-Mercy.

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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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa

Written by: Vickie Ferguson

Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

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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.

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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.