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Newest Homes for Rent in Melrose, MN

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  • 1250 W Railroad Ave, Melrose, MN 56352
    1250 W Railroad Ave, Melrose, MN 56352
    1250 W Railroad Ave, Melrose, MN 56352
    /35

    Starting at $1,218

    Total Monthly Price

    • 1 - 3 Beds

    1250 W Railroad Ave, Melrose, MN 56352

    Wobegon Crossing delivers upscale living in an exceptional location. A wide range of one, two and three bedroom apartments designed for style and comfort.Situated next to the popular Lake Wobegon Trail, this property is only a short distance to everything that you desire. Located less than one mile from CentraCare Hospital and just 1.2 miles from downtown Melrose, you will have

    Wobegon Crossings

    (844) 897-7132

    1250 W Railroad Ave, Melrose, MN 56352
  • 548 11th Ave NE, Melrose, MN 56352
    548 11th Ave NE, Melrose, MN 56352
    548 11th Ave NE, Melrose, MN 56352
    /14

    $2,200

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 2,400 Sq Ft
    • House for Rent

    548 11th Ave NE, Melrose, MN 56352

    548 11th Ave NE, Melrose, MN 56352
  • 20 N 9th Ave E, Melrose, MN 56352
    20 N 9th Ave E, Melrose, MN 56352
    20 N 9th Ave E, Melrose, MN 56352
    /14

    Starting at $747 Plus Fees

    • 1 - 2 Beds

    20 N 9th Ave E, Melrose, MN 56352

    Oak Ridge Manor is located in the beautiful city of Melrose. Enjoy our quaint gazebo, shared gardens, and lovely grounds. We have wonderful activities that we enjoy together from puzzles and cards to much more. We are in close proximity to tasty restaurants and fun shopping. We offer 1 bedroom apartment homes, with water and refuse included in our affordable rent that is income based. We

    Oak Ridge Manor Senior 62+ Apartments

    (320) 400-7854

    20 N 9th Ave E, Melrose, MN 56352
Minnesota Stearns County Melrose

Newest Homes for Rent in Melrose, MN

Frequently Asked Questions

How much does it cost to rent a home in Melrose, MN?
The median rent for a home in Melrose, MN is $2,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Melrose, MN?
To comfortably afford the median rent in Melrose, MN, a household needs to earn roughly $88,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,200 per month in Melrose, MN, renters typically need to show $6,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Melrose, MN?
In Melrose, MN, the price-to-rent ratio is 8.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Melrose, MN

There are currently 3 homes available for rent in Melrose, MN. The median rent is $2,200 per month, with single-family homes renting at $2,200.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,200
Median Single Family Home Rent
$2,200
How to Rent a Home

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