Average Rent in Downtown Melrose, Melrose, MA and Rent Price Trends

Rent price trends in
Downtown Melrose, Melrose, MA

Rent price trends

Rent prices for all bedroom counts and property types in Downtown Melrose, Melrose, MA have increased by 15% in the last month and have increased by 24% in the last year.

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

Rent comparables in
Downtown Melrose, Melrose, MA
The monthly rent for an apartment in Downtown Melrose, Melrose, MA is $2,700. A 1-bedroom apartment in Downtown Melrose, Melrose, MA costs about $1,995 on average, while a 2-bedroom apartment is $2,800. Houses for rent in Downtown Melrose, Melrose, MA are more expensive, with an average monthly cost of $3,650.


1 bedroom	$2,300	1%	7%
2 bedroom	$2,810	9%	24%
3 bedroom	$3,650	4%	18%
4 bedroom	$3,800	No Change	-
Studio	$1,895	-	-

		Comparables
Melrose East Side	$3,108
Melrose Highlands	$2,500
North Medford	$3,500
Oak Grove Pine Banks	$2,810
Oakland Vale	$2,745
Wyoming	$2,397

				Comparables
Apartments	$2,700	7%	No Change
Houses	$3,650	No Change	No Change

Studio

Average rent

$1,895

1 bedroom

Average rent

$2,300

Last 30 days

Last year

2 bedroom

Average rent

$2,810

Last 30 days

Last year

24%

3 bedroom

Average rent

$3,650

Last 30 days

Last year

18%

4 bedroom

Average rent

$3,800

The table above reflects average rent prices in Downtown Melrose, 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 Downtown Melrose, Melrose, MA to other neighborhoods

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

Downtown Melrose

Median rent price$2,625

35%

higher than the national median

Median rent price$3,500

80%

higher than the national median

Takeaway

The median rent for all rentals in Downtown Melrose, Melrose, MA is 25% lower than the median rent in North Medford, Medford, MA.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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