Melrose, MA
3 Beds
2 Baths
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.
$3,800/mo

Property Description

Perfectly maintained multi family home apartment for rent.The front entry is shared foyer and leads directly into first floor unit. This unit offers a living room and bedroom along front of house. A large primary suite with private bath and then entering into a dining room, eat in kitchen and a family room off kitchen with fireplace. There is access to backyard and patio. This property offers mini splits on the first floor and plenty of off - street parking. Excellent location to downtown Melrose amenities and commuter rail. Tenant is responsible for clearing walkway and steps in winter months. First and Security due at signing.

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Price Comparison

This apartment is 10.29% less expensive than the average price of $4,236 for 3 bedroom apartments in Melrose. Congratulations on finding a great apartment that is below the average rent price in Melrose. Contact us today before this great unit is rented!

Average Rent Prices for 3 Bedroom Apartments in Melrose

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$152,000 - $182,400
You + 2 Roommates, Each:
$50,667 - $60,800
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

$5,320

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Mid Range

25% of Gross Income

$3,800

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Low Range

15% of Gross Income

$2,280

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Have You Considered Buying Your Own Home?

Instead of paying $3,800/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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