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 20% in the last month and have decreased by 4% 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 $2,692. A 1-bedroom apartment in Downtown Melrose, Melrose, MA costs about $1,725 on average, while a 2-bedroom apartment is $3,015. Houses for rent in Downtown Melrose, Melrose, MA are more expensive, with an average monthly cost of $3,550.


1 bedroom	$2,495	9%	8%
2 bedroom	$2,895	No Change	13%
3 bedroom	$3,150	11%	5%
4 bedroom	$3,300	No Change	48%
Studio	$1,800	-	-

		Comparables
Melrose East Side	$2,615
Melrose Highlands	$2,700
North Medford	$3,550
Oak Grove Pine Banks	$3,322
Oakland Vale	$2,930
Wyoming	$2,695


Apartments	$2,692	6%	No Change
Condos	$2,275	21%	No Change
Houses	$3,550	No Change	-
Rooms	$1,000	No Change	-

Studio

Average rent

$1,800

1 bedroom

Average rent

$2,495

Last 30 days

Last year

2 bedroom

Average rent

$2,895

Last year

13%

3 bedroom

Average rent

$3,150

Last 30 days

11%

Last year

4 bedroom

Average rent

$3,300

Last year

48%

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$2,450

26%

higher than the national median

Median rent price$3,550

83%

higher than the national median

Takeaway

The median rent for all rentals in Downtown Melrose, Melrose, MA is 31% 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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