Cheap Apartments for Rent in the Melrose-Mercy Neighborhood of St. Petersburg, FL from $400 (162 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 734 21st Ave S

$1,175 - $1,375

1 To 2 Bedroom Rentals

Available Now

734 21st Ave S

St. PetersburgFL33705

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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property at 326 6th Ave N

$1,300 - $1,650

Studio To 1 Bedroom Rentals

Available Now

326 6th Ave N

St. PetersburgFL33701
property at 2219 Highland St S

$1,300 - $1,700

1 To 2 Bedroom Rentals

Available Now

2219 Highland St 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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property at 1115 Highland St N

$1,400 - $1,750

1 To 2 Bedroom Rentals

Available Now

1115 Highland St N

St. PetersburgFL33701
property at 725 Jackson St N

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

725 Jackson St N

St. PetersburgFL33705

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2525 13th Ave N

$1,550 - $5,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $5,650
Total Monthly Price
$1,550 - $5,650

1 To 4 Bedroom Townhomes for Rent

Available Now

2525 13th Ave N

St. PetersburgFL33713

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 4

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 The Wayland priced from $1,143. Colony Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Melrose-Mercy apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
The WaylandStudio, One Bath North DeluxeStudio,1BA$1,143
Colony ApartmentsStudio, 1 bathStudio,1BA$1,150
San Rafael Apartments2Studio,1BA$1,195
LakesideStudioStudio,1BA$1,200
Palm Court Apartments0 Beds, 1 BathsStudio,1BA$1,250
832 1st St N1 Bed Room1BR,1BA$1,300
1701 16th St N0/1Studio,1BA$1,300
Alta Mar at Broadwater ApartmentsGalleon2BR,2BA$1,300
Nordica FlatsA51BR,1BA$1,349

Best Value Apartments for Rent in Melrose-Mercy, FL

As of April 10, 2026 the best value apartment in the Melrose-Mercy area is the $1.62 price per square foot C1 Model at Booker Creek Apartments in the in the Melrose-Mercy neighborhood starting from $1,999. The second greatest value Melrose-Mercy apartment is the Galleon Model at Alta Mar at Broadwater Apartments starting at $1,300 with a $1.24 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$1.62
Alta Mar at Broadwater ApartmentsGalleon2BR,2BA$1.24
537 6th St N, Unit 537 6th St N537 6th St N1BR,1BA$2.12
1311 24th Ave S1311 24th Ave S2BR,1BA$1.70
Gallery 3100Monet2BR,2BA$2.46
Fountain Court Apartments1 bedroom1BR,1BA$1.60
Veranda Flats2 Bedroom 1 Bath1BR,1BA$2.30
Sans Souci Apartments1 BR1BR,1BA$2.13
Nordica FlatsA11BR,1BA$2.57
Palm Court Apartments0 Beds, 1 BathsStudio ,1BA$2.50

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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

School data provided by Great Schools

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 $1,349.

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

The cheapest apartment in Melrose-Mercy is The Wayland which is listed at $1,285, while the average apartment in Melrose-Mercy costs $10,793.

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 41 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 $221 which is $10,572 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

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

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.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.