Apartments in Hammersmith Village Melrose

1 - 11 of 11 Results
30
$2,337 - 3,865
861 Broadway Saugus, MA
1 - 2 BR | Available Now
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Oaklandvale
42
$2,194 - 5,542
21 Quarry Lane Malden, MA
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
47
$1,965
832 Broadway Saugus, MA
Studio | Available Now
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Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
1
$2,500 - 3,500
585 Main St Melrose, MA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
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1
$2,900
Melrose, MA
3 BR | Available Now
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Melrose Highlands
1
$1,695 - 2,100
1077 Main St Wakefield, MA
Studio - 1 BR | Available Now
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Surface Parking
Fitness Center
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1
$120
483 Central St Saugus, MA
Studio | Ask for Availability
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Cliftondale
2
$650
552 Lincoln Ave Saugus, MA
Studio | Ask for Availability
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Cliftondale
20
$4,800
Melrose, MA
5 BR | Jan. 1, 2025
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Wyoming
1
$1,900 - 1,950
2 Granite St Malden, MA
Studio - 1 BR | Available Now
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9
$2,600
Melrose, MA
2 BR | Dec. 22, 2024
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Air Conditioning
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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.