Salem, MA
3 Beds
1 Bath
Available: 05/15/2025
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$3,000/mo
Heat Included

Property Description

A charming and spacious 3-bedroom apartment on the 2nd level is now available for rent in historic Salem, Massachusetts. This unit features a newly remodeled kitchen with brand-new appliances, freshly painted rooms, and refinished hardwood flooring throughout. A laundry facility is conveniently located in the basement and shared by both units. No closet in bdrm 3. The apartment includes one bathroom and offers on-street parking only. Tenants are responsible for all utilities, including electric, oil heat, & gas hot water. Additionally, tenants will be responsible for snow removal and ensuring trash is taken to the curb for disposal and returned to the designated area. Please note that there is no outdoor yard space available. Nestled in the heart of Salem, this apartment is perfect for those looking to immerse themselves in the rich history and unique charm of this renowned New England city. The blend of colonial architecture, seaside beauty, and magical allure, Salem can be home

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Price Comparison

This apartment is 14.29% less expensive than the average price of $3,500 for 3 bedroom apartments in Salem. Congratulations on finding a great apartment that is below the average rent price in Salem. Contact us about this great unit before it's gone!

Average Rent Prices for 3 Bedroom Apartments in Salem

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$120,000 - $144,000
You + 2 Roommates, Each:
$40,000 - $48,000
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.

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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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