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Viewing 1-14 of 14 rentals in Melrose
What to Know About
Life in Melrose & Beyond
Melrose shares many of the great qualities that make Massachusetts a desirable place to live.
Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.
For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.
With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.
Rental Market Trends
Melrose, MA
As of August 2025, Melrose's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Melrose's average rent is 2.9% ($80) higher than the Massachusetts average of $2,762 and 58.8% ($1,052) higher than the U.S. average of $1,790.
Average Rent
$2,842
Monthly ChangeMonth Over Month Change
1.9% ($54)
Yearly ChangeYear Over Year Change
6.5% ($196)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,554 | 1.2% ($30) | 2% ($52) |
| 2 Beds | $3,395 | 2.3% ($81) | 11.4% ($435) |
| 3 Beds | $4,140 | 1.9% ($81) | 15.9% ($780) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Melrose Rental Market FAQs
Explore rental prices, market trends, and availability in Melrose, MA.
The average rent in Melrose, MA is $2,842 per month.
Homes in Melrose typically rent for between $1,788 and $5,382 per month, with an average of $2,842 per month.
In Melrose, the average rent for a 1-bedroom home is $2,554 per month, for a 2-bedroom home, $3,395 per month, and a 3-bedroom home is $4,140 per month.
The average rent in Melrose is 58.8% ($1,052) higher than the national average of $1,790 per month.
The average rent in Melrose has decreased by 1.9% ($54) in the last month and decreased by 6.5% ($196) over the past year.
The rental market in Melrose, MA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Melrose, MA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 14 rental properties available in Melrose, MA.
Based on the current averages, a household would need an annual income of $135,800 to comfortably afford a 2-bedroom home in Melrose.
