Salem, MA
3 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.
$3,200/mo

Cost & Fee Information

Monthly Rent & Fees

Required

Monthly Base Rent

$3,200

Heat

Tenant pays utility company monthly.

Usage-Based

Hot Water

Tenant pays utility company monthly.

Usage-Based

Electricity

Tenant pays utility company monthly.

Usage-Based

Water & Sewer

Included in monthly rent.

Included

Garbage Collection

Weekly trash pickup or dumpster.

Included

Optional

Pets

Pets allowed.

Included
Parking

No parking.

-

One-Time Fees

First Month's Rent
$3,200
Last Month's Rent
$0
Security Deposit
$0
Key & Lock Replacement Fee
$0

Amenities & Apartment Information

Unit

Pet Friendly

Property Description

Discover a fantastic opportunity to live in the heart of Salem with this charming 3-bedroom, 1-bathroom apartment at (327 Lafayette St., Unit #2). This unit is an ideal find for those seeking a mix of classic character and modern convenience, with one of the bedrooms being a smaller size, perfect for a home office or cozy guest room.*This advertisement complies with Massachusetts General Law Chapter 93A and other applicable laws. It is not intended to be discriminatory in any way.*Broker Fee: *Acting as the Listing Agent Representing the Landlord*

Map

Price Comparison

This apartment is 7.25% less expensive than the average price of $3,450 for 3 bedroom apartments in Salem. Congratulations on finding a great apartment that is below the average rent price in Salem. Contact Boston Pads now to see this apartment or request a rental application.

Average Rent Prices for 3 Bedroom Apartments in Salem

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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