Cheap Homes for Rent in Melrose-Mercy Neighborhood of St. Petersburg, FL from $700 (63 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 3454 14th Ave S

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

Studio, 1 Bath Condo for Rent

Available Now

3454 14th Ave S, Unit 2

3454 14th Ave S
St. PetersburgFL33711

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.

property at 725 Jackson St N

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

725 Jackson St N

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.

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

509 29th Ave S
St. PetersburgFL33705
property at 3901 6th St S

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Now

3901 6th St S, Unit 4

3901 6th St S
St. PetersburgFL33705

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.

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.

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

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 ListingModel NameBed/BathPriced From
Alta Mar at Broadwater ApartmentsCaravel1BR,1BA$949
Colony ApartmentsStudioStudio,1BA$1,150
Elysium-FULLY FURNISHED AND ALL INCLUSIVEStudio1BR,1BA$1,195
Mirror Lake ApartmentsStudio1BR,1BA$1,200
LakesideStudioStudio,1BA$1,200
The WaylandStudio, One Bath North DeluxeStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Booker Creek ApartmentsC13BR,2BA$1.78
1701 14th St S1701 14th St S2BR,1BA$1.91
1311 24th Ave S1311 24th Ave S2BR,1BA$1.70
1715 14th St S, Unit 1715 14th St S1715 14th St S2BR,1BA$1.65
Fountain Court Apartments1 bedroom1BR,1BA$1.60
Alta Mar at Broadwater ApartmentsCaravel1BR,1BA$1.24
The Portland2 Bedroom 1 Bath2BR,1BA$1.99
932 Newton Ave S932 Newton Ave S1BR,1BA$2.08
3815 1ST AVE N3815 1ST AVE N1BR,1BA$2.00
1846 2nd Ave N, Unit 18461846 2nd Ave N1BR,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.

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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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Quick Rent Budget Calculator

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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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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

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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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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.

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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

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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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.