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Apartments in Melrose

1 - 4 of 4 Results
20
$4,800
11 Waverly Pl Unit 1
Melrose, MA
5 BR | Jan. 1, 2025
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Storage
Dishwasher
Wyoming
1
$2,500 - 3,500
Apt Correlative Housing - The Coolidge
585 Main St Melrose, MA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
9
$2,600
8 Cleveland St Unit 2
Melrose, MA
2 BR | Dec. 22, 2024
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
1
$2,900
43 Union St
Melrose, MA
3 BR | Available Now
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Melrose Highlands
1 - 4 of 4 Results
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How much does it cost to rent an apartment in Melrose?

Melrose Apartments
Bed Type Average Rent Range
1BR $2,500 $2,500 - $2,550
2BR $2,700 $2,600 - $2,800
3BR $3,200 $2,900 - $3,500
Frequently Asked Questions

How many apartments are available in Melrose, MA on Rentable.co?

Rentable.co has over 507 apartments available in Melrose.

What is the average rent for a one-bedroom apartment in Melrose, MA?

The average rent for a one-bedroom apartment in Melrose is around $2,500 per month.

What is the average rent for a two-bedroom apartment in Melrose, MA?

The average rent for a two-bedroom apartment in Melrose is around $2,700 per month.

How expensive is it to rent an apartment in Melrose, MA?

For a two-bedroom apartment in Melrose, the average rent price is $2,700 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Melrose, MA?

Based on average rent prices in Melrose, to afford a one-bedroom apartment you would need an annual household income of $100,000 to live comfortably.

Neighborhoods

Cedar Park
Cliftondale
Fells
Golden Hills
Hammersmith Village
Haywardville
Melrose Highlands
Mount Hood
Oaklandvale
Pleasant Hills
Saugus Center
Stoneham Center
Wakefield Park
Wyoming

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Melrose:
December Rent Report

Welcome to the December 2024 Melrose Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Melrose rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Melrose and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Melrose average rent prices in the chart below.

Monthly Rent Report

$3,050
$2,290
$1,530
$760
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Melrose Rent Prices Decrease From November to December

Melrose rent prices decreased over the last month. From November to December, the city experienced a -4.54% decrease for the price of a one-bedroom apartment. The rent price for a Melrose one-bedroom apartments currently stands at $2,062.0.

When we take a look at the two-bedroom comparison from November to December, Melrose experienced a 0.11% increase for the price of a two-bedroom apartment. The rent price for a Melrose two-bedroom apartments currently stands at $2,800.0.

December Prices: Melrose vs. Surrounding Areas

Rent Prices in Melrose and Surrounding Areas

Rent prices have decreased in Melrose over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Melrose suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Melrose suburbs

  • Rents did not decrease in any of the Melrose suburbs.

December 2024 Pricing Trends: Melrose vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Melrose Rent Prices More Affordable Than Major Cities

Rent growth in Melrose over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Melrose average rent prices appear to be relatively affordable for local residents.

The price for a Melrose one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Melrose and surrounding area rent prices, take a look at the complete data set below.

Data set for Melrose and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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