Salem, MA
2 Beds
1 Bath
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.
$3,100/mo
Heat Included

Amenities & Apartment Information

Unit

Furnished Apartment

Property Description

Welcome to 48 School U1 Salem, MA, a charming and fully furnished 2-bedroom, 1-bathroom apartment offering comfort and convenience in the heart of historic Salem!Features include:Fully Furnished: Move right in with everything you need for a comfortable living experience.All Utilities Included: Enjoy hassle-free living with heat, electricity, water, and internet all covered in your rent.Spacious Layout: Two well-appointed bedrooms, a cozy living room, and a functional kitchen make this space perfect for individuals or small families.Convenient Location: Nestled on School Street, you'll be moments away from Salem’s downtown, shopping, dining, and vibrant cultural attractions. Public transportation and major routes are easily accessible for commuters.This unit is ideal for professionals, students, or anyone seeking a move-in-ready home with modern conveniences.Available: 12/4/24Don’t miss this opportunity! Schedule a show

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Price Comparison

This apartment is above the average price of $2,858 for 2 bedroom apartments in Salem. 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 Salem

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$124,000 - $148,800
You + 1 Roommate, Each:
$62,000 - $74,400
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

$4,340

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Mid Range

25% of Gross Income

$3,100

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Low Range

15% of Gross Income

$1,860

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Have You Considered Buying Your Own Home?

Instead of paying $3,100/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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