Cheap Homes for Rent in Melrose-Mercy Neighborhood of St. Petersburg, FL from $700 (61 Rentals)

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

property at 105 7th Ave N

$1,195 - $1,795

Studio To 1 Bedroom Rentals

Available Now

105 7th Ave N

St. PetersburgFL33701

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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property at 2134 2nd Ave N

$1,250 - $1,300

1 Bedroom Rentals

Available Now

2134 2nd Ave N

St. PetersburgFL33713

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 827 40th St S

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available May 1

827 40th St S

St. PetersburgFL33711
property at 509 29th Ave S

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

Studio, 1 Bath Condo for Rent

Available Now

509 29th Ave S, Unit A, Unit A

509 29th Ave S
St. PetersburgFL33705
property at 725 Jackson St N

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

725 Jackson St N

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 1408 7th Ave N

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Now

1408 7th Ave 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 1310 28th St N

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

1310 28th St N, Unit Upper, Unit Upper

1310 28th St N
St. PetersburgFL33713
property at 3901 6th St S

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

1 Bedroom, 1 Bath Condo for Rent

Available Now

3901 6th St S, Unit 4, Unit 4

3901 6th St S
St. PetersburgFL33705

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 2

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
Mirror Lake ApartmentsStudio1BR,1BA$1,200
Palm Court Apartments0 Beds, 1 BathsStudio,1BA$1,250
Nordica FlatsA21BR,1BA$1,299
Alta Mar at Broadwater ApartmentsGalleon2BR,2BA$1,300

Best Value Apartments for Rent in Melrose-Mercy, FL

As of April 24, 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 537 6th St N Model at 537 6th St N, Unit 537 6th St N starting at $2,200 with a $2.12 price per square foot in the Greater South Central 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
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
Booker Creek ApartmentsB12BR,2BA$1.79
Fountain Court Apartments1 bedroom1BR,1BA$1.60
Veranda Flats2 Bedroom 1 Bath1BR,1BA$2.30
Sur ClubA11BR,1BA$2.60
Nordica FlatsA61BR,1BA$2.50
1846 2nd Ave N, Unit 18461846 2nd Ave N1BR,1BA$2.18
Mirror Lake ApartmentsStudio1BR,1BA$2.29

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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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

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Frequently Asked Questions about Melrose-Mercy

What type of rentals are currently available in Melrose-Mercy?

There are currently 647 Apartments for Rent in Melrose-Mercy, FL with pricing that ranges from $895 to $14,183. There are also 263 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose-Mercy ranging from $707 to $18,000.

What is the current price range for Rental Homes in Melrose-Mercy?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose-Mercy ranges from $707 to $18,000 with an average monthly rent of $3,680.

How much are larger Three and Four Bedroom Rentals in Melrose-Mercy?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose-Mercy range from $1,417 to $14,183, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $15,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $10,000.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

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.