Average Rent in Melrose, MA and Rent Price Trends

Rent price trends in
Melrose, MA

Rent price trends

Rent prices for all bedroom counts and property types in Melrose, MA have remained the same in the last month and have increased by 2% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Melrose, MA
The monthly rent for an apartment in Melrose, MA is $1,895. A 1-bedroom apartment in Melrose, MA costs about $1,795 on average, while a 2-bedroom apartment is $2,700. Houses for rent in Melrose, MA are more expensive, with an average monthly cost of $4,100.


1 bedroom	$2,700	5%	31%
2 bedroom	$3,100	1%	40%
3 bedroom	$3,600	4%	7%
4 bedroom	$1,025	No Change	44%
Studio	$2,215	8%	-

		Comparables
Cedar Park	$2,597
Downtown Melrose	$2,450
Horace Mann	$3,015
Melrose East Side	$2,615
Melrose Highlands	$2,700
Mount Hood	$2,600
Oak Grove Pine Banks	$3,322
Wyoming	$2,695


Apartments	$1,895	1%	No Change
Condos	$3,500	7%	35%
Houses	$4,100	1%	No Change
Rooms	$1,000	No Change	-

Studio

Average rent

$2,215

Last 30 days

1 bedroom

Average rent

$2,700

Last 30 days

Last year

31%

2 bedroom

Average rent

$3,100

Last 30 days

Last year

40%

3 bedroom

Average rent

$3,600

Last 30 days

Last year

4 bedroom

Average rent

$1,025

Last 30 days

No Change

Last year

44%

The table above reflects average rent prices in Melrose, MA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Melrose, MA to other cities

Median rent prices in Melrose, MA for all bedroom counts and property types compared to Andover, MA.

Melrose

Median rent price$2,600

34%

higher than the national median

Median rent price$2,600

34%

higher than the national median

Takeaway

The median rent for all rentals in Melrose, MA is equal to the median rent in Andover, MA.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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