Melrose, MA
2 Beds
2 Baths
Available: Now
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$3,000/mo
Heat Included

Amenities & Apartment Information

Unit

Granite Countertops
Stainless Steel Appliances

Property Description

Beautiful updated 5 room apartment on 2nd and 3rd floor in well maintained 2 family house just a short walk to the commuter rail. Upgraded eat in kitchen with granite counters and stainless steel appliances and lots of cabinets; hardwood floors throughout, newer windows, 2 full bathrooms, good closets, laundry and storage in basement, 1 garage and 1 driveway space; covered porch and very large shared patio. High efficiency heating system, Landlord provides snow plowing. Gas heat and cooking.

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Price Comparison

This apartment is above the average price of $2,517 for 2 bedroom apartments in Melrose. The unit includes some utilities. If you consider the cost of paying for these utilities separately, you may find that having them included in the rent saves you money. The other amenities this apartment offers, along with its condition, location, and size, can also contribute to the above average rent price. Contact us about this great unit before it's gone!

Average Rent Prices for 2 Bedroom Apartments in Melrose

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$120,000 - $144,000
You + 1 Roommate, Each:
$60,000 - $72,000
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$4,200

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Mid Range

25% of Gross Income

$3,000

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Low Range

15% of Gross Income

$1,800

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Have You Considered Buying Your Own Home?

Instead of paying $3,000/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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