Rentometer, Inc. | Data as of 10/23/2025
Melrose, Massachusetts offers a vibrant rental market that blends historic charm with modern convenience, making it a sought‑after destination for renters seeking a suburban feel within easy reach of Boston. The city’s well‑connected commuter rail stations, leafy parks such as Melrose Common, and cultural spots like the historic Lyceum Theatre create an appealing backdrop for a variety of housing options. Neighborhoods such as the walkable downtown area, the family‑friendly Melrose Highlands, and the artistic West Side each bring their own character, from boutique cafés to tree‑lined streets, attracting professionals, young families, and students alike.
Rental pricing in Melrose reflects the city’s desirable location and diverse inventory. Studio apartments typically rent in the $2,300 range, while one‑bedroom units trend around the $2,600 range. Larger two‑bedroom apartments are commonly found in the $3,200 range, and spacious three‑bedroom homes often command rates near the $4,300 range. These figures demonstrate a steady demand for quality housing across the spectrum, from compact studios to family‑sized units. Whether you’re looking for a contemporary apartment near the commuter line or a charming house in a quiet neighborhood, Melrose’s rental market provides a well‑balanced mix of affordability, convenience, and lifestyle amenities.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,313 | $2,470 | $1,495 - $2,785 | $1,750 - $2,690 |
| Apartment | 1 Bedroom | $2,597 | $2,655 | $1,350 - $3,450 | $2,400 - $2,960 |
| Apartment | 2 Bedroom | $3,181 | $3,370 | $1,863 - $4,510 | $2,600 - $3,680 |
| Apartment | 3 Bedroom | $4,276 | $4,540 | $2,700 - $5,360 | $3,985 - $4,795 |
In the current period, the average rent in Melrose was $2,314 for Studio, $2,597 for 1 Bedroom, $3,119 for 2 Bedroom, $4,113 for 3 Bedroom, and $3,800 for 4+ Bedroom.
Data provided by Rentometer, Inc.