Cheap Apartments for Rent in the Melrose-Mercy Neighborhood of St. Petersburg, FL from $642 (176 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 4234 1st Ave S
$675

Total Monthly Price

Base Rent$675
Total Monthly Price$675
5 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

4234 1st Ave S

St. PetersburgFL33711
property at 1110 32nd St S
$800

Total Monthly Price

Base Rent$800
Total Monthly Price$800
1 Bedroom, 0.5 Bath Home for Rent
Available Now
Furnished

1110 32nd St S, Unit 4

1110 32nd St S
St. PetersburgFL33712
property at 2255 1st Ave N
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
4 Bedroom, 2 Bath Home for Rent
Available Now
Furnished

2255 1st Ave N

St. PetersburgFL33713

Tampa's Best Affordable Neighborhoods

Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson

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property at 2421 11th St S
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2421 11th St S

St. PetersburgFL33705
property at 725 Jackson St N
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

725 Jackson St N

St. PetersburgFL33705
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2219 Highland St S
$1,200 - $1,650
1 To 2 Bedroom Rentals
Available Now
Affordability

2219 Highland St S

St. PetersburgFL33705
property at 537 2nd St N
$1,245 - $1,295
1 Bedroom Rentals
Available Now
Affordability

537 2nd St N

St. PetersburgFL33701
property at 1515 14th St S
$1,295

Total Monthly Price

Base Rent$1,295
Total Monthly Price$1,295
Studio, 1 Bath Home for Rent
Available Now
Furnished

1515 14th St S

St. PetersburgFL33705

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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property at 3311 6th Ave S
$1,300

Total Monthly Price

Base Rent$1,300
Total Monthly Price$1,300
1 Bedroom, 1 Bath Home for Rent
Available Sep 15
Cost Per Sq.Ft.

3311 6th Ave S

St. PetersburgFL33712

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1405 7th Ave N
$1,450 - $1,700
Studio To 1 Bedroom Rentals
Available Now
Affordability

1405 7th Ave N

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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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 301 4th Ave N, St Petersburg, FL 33701 priced from $1,100. Northbay Villas has the second lowest priced unit, which is a Studio apartment currently listed from $1,170. Here are the most affordable Melrose-Mercy apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
301 4th Ave N, St Petersburg, FL 33701Studio/1.0BAStudio,1BA$1,100
Northbay Villas4Studio,1BA$1,170
805 4th Ave N, St. Petersburg, FL 33701Studio/1.0BAStudio,1BA$1,195
1717 Grove St S1BR/1.0BA1BR,1BA$1,200
The Astoria - Sabal0BD - 1BTHStudio,1BA$1,200
621 15th St N0BR/1.0BAStudio,1BA$1,200
Burlington Post II1x11BR,1BA$1,206
The Pixel Apartments0BR/1.0BAStudio,1BA$1,275
The WaylandStudio, One Bath North DeluxeStudio,1BA$1,293

Best Value Apartments for Rent in Melrose-Mercy, FL

As of September 14, 2026 the best value apartment in the Melrose-Mercy area is the $1.24 price per square foot Galleon Model at Alta Mar at Broadwater Apartments in the in the Bayview neighborhood starting from $1,300. The second greatest value Melrose-Mercy apartment is the 1311 24th Ave S Model at 1311 24th Ave S starting at $1,750 with a $1.70 price per square foot in the Highland Oaks 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.
Alta Mar at Broadwater ApartmentsGalleon2BR,2BA$1.24
1311 24th Ave S1311 24th Ave S2BR,1BA$1.70
Booker Creek ApartmentsTwo Bedroom - Income Restricted2BR,2BA$1.43
3872 7th Ave N, Unit C3872 7th Ave N2BR,1BA$2.05
Burlington Post II1x11BR,1BA$1.63
The Portland2 Bedroom 1 Bath2BR,1BA$1.99
Loft at Third1LRH1BR,1BA$2.13
Mirror Lake Apartments1 br1BR,1BA$1.99
Sans Souci Apartments1 BR1BR,1BA$2.13
1846 2nd Ave N, Unit 18461846 2nd Ave N1BR,1BA$1.85

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Navigating the Rental Market: Tips for First-Time Renters

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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

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 $1,293.

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

The cheapest apartment in Melrose-Mercy is 1717 Grove St S which is listed at $1,200, while the average apartment in Melrose-Mercy costs $2,340.

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 29 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 $252 which is $2,088 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.

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