
Cheap Homes for Rent in Melrose-Mercy Neighborhood of St. Petersburg, FL from $700 (63 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose-Mercy area of St. Petersburg.


1235 22nd Ave S

Studio Bed/1 Bath - 3

1830 Dr M.L.K. Jr St N

953 12th Ave S

1147 40th St S

2601 18th Ave S

3454 14th Ave S, Unit 2

570 34th St N, Unit 114

711 18th Ave S
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.

2722 14th Ave S

2134 2ND Ave N

1771 15th Ave S

612-612 17th Ave S

2455 8th Ave N

2030 12th Ave S

1204 21st St S

832 20th Ave S

725 Jackson St N

1428 12th St S
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.

3774 Abington Ave S

509 29th Ave S, Unit A

330 20th Ave S

3901 6th St S, Unit 4

2000 Queensboro Ave S

Studio Bed/1 Bath - 2

316 11th Ave NE

725 14th Ave S

1020 Queen St N

Studio Bed/1 Bath - 17
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.

1036 1/2 19th St S

1101 13th Ave S

2425 22nd Ave S

Studio Bed/1 Bath - 15

1320 18th Ave S

1037 12th St N, Unit 1

5050 2nd Ave S

2609 4th St S

145 10th Ave N

800 15th Ave S
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.

1227 Fargo St S

626 29th Ave S

2028 14th Ave S

2 Bed/1 Bath - 2

2 Bed/1 Bath - 6

829 5th St N

1741 1st St S

444-1/2 30th Ave N

2010 22nd St S

1200 37th St N
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.
Melrose-Mercy, St. Petersburg, FL Local Guide

How much does it cost to rent a home in Melrose-Mercy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose-Mercy 2 Bedroom Homes for Rent | $3,003 | $771 | $10,000+ |
| Melrose-Mercy 3 Bedroom Homes for Rent | $3,251 | $1,495 | $10,000+ |
| Melrose-Mercy 4 Bedroom Homes for Rent | $3,331 | $1,995 | $7,500 |
| Melrose-Mercy 5 Bedroom Homes for Rent | $7,186 | $3,100 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Melrose-Mercy Neighborhood of St. Petersburg, FL.
Explore St. Petersburg
Melrose-Mercy, St. Petersburg, FL Local Guide
- Nearby St. Petersburg neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Melrose-Mercy Apartments for Rent
 The cheapest available apartment rental in the Melrose-Mercy area of Tampa, FL is a 1 Bed unit found at Alta Mar at Broadwater Apartments priced from $949. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alta Mar at Broadwater Apartments | Caravel | 1BR,1BA | $949 |
| Colony Apartments | Studio | Studio,1BA | $1,150 |
| Elysium-FULLY FURNISHED AND ALL INCLUSIVE | Studio | 1BR,1BA | $1,195 |
| Mirror Lake Apartments | Studio | 1BR,1BA | $1,200 |
| Lakeside | Studio | Studio,1BA | $1,200 |
| The Wayland | Studio, One Bath North Deluxe | Studio,1BA | $1,264 |
Best Value Apartments for Rent in Melrose-Mercy, FL
As of June 09, 2026 the best value apartment in the Melrose-Mercy area is the $1.78 price per square foot C1 Model at Booker Creek Apartments in the in the Melrose-Mercy neighborhood starting from $2,200. The second greatest value Melrose-Mercy apartment is the 1701 14th St S Model at 1701 14th St S starting at $2,100 with a $1.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Booker Creek Apartments | C1 | 3BR,2BA | $1.78 |
| 1701 14th St S | 1701 14th St S | 2BR,1BA | $1.91 |
| 1311 24th Ave S | 1311 24th Ave S | 2BR,1BA | $1.70 |
| 1715 14th St S, Unit 1715 14th St S | 1715 14th St S | 2BR,1BA | $1.65 |
| Fountain Court Apartments | 1 bedroom | 1BR,1BA | $1.60 |
| Alta Mar at Broadwater Apartments | Caravel | 1BR,1BA | $1.24 |
| The Portland | 2 Bedroom 1 Bath | 2BR,1BA | $1.99 |
| 932 Newton Ave S | 932 Newton Ave S | 1BR,1BA | $2.08 |
| 3815 1ST AVE N | 3815 1ST AVE N | 1BR,1BA | $2.00 |
| 1846 2nd Ave N, Unit 1846 | 1846 2nd Ave N | 1BR,1BA | $2.03 |
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.
Read ArticleQuick 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.
Best Local Schools in Melrose-Mercy, St. Petersburg, FL
School data provided by Great Schools
Frequently Asked Questions about Melrose-Mercy
What type of rentals are currently available in Melrose-Mercy?
There are currently 649 Apartments for Rent in Melrose-Mercy, FL with pricing that ranges from $949 to $21,798. There are also 240 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose-Mercy ranging from $771 to $15,000.
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 $771 to $15,000 with an average monthly rent of $3,344.
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 $1,649 to $21,798, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $10,500. Four Bedroom Single-Family rentals are also available starting from $1,995 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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Tampa
Written by: Vickie Ferguson
Hi, I'm Vickie, and welcome to Apartment Home Living. As a long-time resident of Tampa, I'm here to serve as your expert local guide in and around the city's neighborhoods that are near to local colleges and universities.

Sun, Sand, and a Short Commute: The Renters Guide to Tampa's Best Neighborhoods
Written by: Vickie Ferguson
Hi, and welcome to ApartmentHomeLiving.com, where you'll find information about Tampa's inviting, diverse, and community-friendly neighborhoods.
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.