Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Melrose, MA Rental Market Trends
What is the average rent in Melrose?
The average rent for an apartment in Melrose is $2,655. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Melrose, MA
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $2,655 | 894 sq. ft. |
What is the average apartment size in Melrose?
The average size for a Melrose, MA apartment is 894 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Melrose, MA Apartment Rent Ranges
Melrose, MA Occupied Housing Units
3,904 or 34% of the households in Melrose, MA are renter-occupied while 7,334 or 65% are owner-occupied.
Melrose, MA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Melrose, MA | $2,193 | $2,425 | $2,491 | $2,357 | $2,424 | $2,333 | $2,258 | $2,429 | $2,549 | $2,655 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Melrose Compares to Other Cities
| City | Average Rent |
|---|---|
| Boston | $3,634 |
| Fall River | $1,655 |
| Worcester | $1,586 |
| Cambridge | $3,399 |
| Quincy | $2,441 |
| Brookline | $3,030 |
| Lowell | $1,935 |
| New Bedford | $1,729 |
| Weymouth Town | $2,187 |
| Somerville | $2,975 |
| Holyoke | $1,206 |
| Medford | $2,999 |
| Malden | $2,330 |
| Waltham | $2,705 |
| Beverly | $2,220 |
| Lynn | $1,877 |
| Revere | $2,338 |
| Woburn | $2,302 |
| Lawrence | $1,799 |
| Newton | $3,102 |
| Melrose | $2,655 |
Most Popular Apartments in Melrose
Jack Flats By Windsor
1000 Stone Place, Melrose, MA 02176- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- $2,645+
- $3,010+
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Melrose apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.