Melrose, MA
3 Beds
1 Bath
Available: 09/01/2025
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$3,200/mo
Heat Included

Amenities & Apartment Information

Unit

In-Unit Laundry

Property Description

Available Sept1st, this freshly painted and thoughtfully updated 3-bedroom, 1-bath apartment occupies the 2nd and 3rd levels of a well-maintained two-family home. The spacious 1st floor features a large, fully updated kitchen with ample cabinet space and new SS appliances, a bright and comfortable living room and dining room, a modern full bathroom, and a generously sized bedroom. Upstairs, you'll find two additional bedrooms, each offering plenty of natural light and closet space. The apartment boasts abundant storage options throughout and includes two off-street parking spots for added convenience. Located just a short walk from downtown and public transportation, this home is ideal for commuters seeking a blend of comfort and accessibility. Please note that smoking and pets are not permitted. To qualify, prospective tenants must have excellent credit (700 or above) and strong references. This is a fantastic opportunity to live in a spacious and updated home in a desirable location.

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Price Comparison

This apartment is 26.97% less expensive than the average price of $4,382 for 3 bedroom apartments in Melrose. It's rare to find an apartment this far below the average rent price in Melrose. Units like this rent quickly. Use the contact form to schedule a showing or request a rental application. This listing may not last much longer.

Average Rent Prices for 3 Bedroom Apartments in Melrose

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$128,000 - $153,600
You + 2 Roommates, Each:
$42,667 - $51,200
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

$4,480

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Mid Range

25% of Gross Income

$3,200

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Low Range

15% of Gross Income

$1,920

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Have You Considered Buying Your Own Home?

Instead of paying $3,200/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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