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 decreased by 21% in the last month and have decreased by 12% 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 $2,095. A 1-bedroom apartment in Downtown Melrose, Melrose, MA costs about $2,095 on average, while a 2-bedroom apartment is $2,500. Houses for rent in Downtown Melrose, Melrose, MA are more expensive, with an average monthly cost of $3,000.


1 bedroom	$2,095	10%	No Change
2 bedroom	$2,800	11%	6%
3 bedroom	$3,200	11%	14%
4 bedroom	$4,200	No Change	5%
Studio	$1,900	-	-

		Comparables
Melrose East Side	$2,745
Melrose Highlands	$2,300
North Medford	$3,400
Oak Grove Pine Banks	$2,880
Oakland Vale	$2,705
Wyoming	$2,200


Apartments	$2,095	10%	No Change
Condos	$2,150	20%	No Change
Houses	$3,000	No Change	-

Studio

Average rent

$1,900

1 bedroom

Average rent

$2,095

Last 30 days

10%

Last year

No Change

2 bedroom

Average rent

$2,800

Last 30 days

11%

Last year

3 bedroom

Average rent

$3,200

Last 30 days

11%

Last year

14%

4 bedroom

Average rent

$4,200

Last year

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$2,200

16%

higher than the national median

Median rent price$3,400

79%

higher than the national median

Takeaway

The median rent for all rentals in Downtown Melrose, Melrose, MA is 35% 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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