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Newest Homes for Rent in Melrose, MA

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  • /27

    Starting at $2,743

    Total Monthly Price

    • 1 - 2 Beds

    2 Washington St, Melrose, MA 02176

    Office hours are by appointment only. Contact our leasing team today. The beauty of nature, the excitement of the city - all within close proximity. At The Washingtons, we've designed every space to meet your needs. Head outside to our rooftop deck, fire-pits, grilling stations, and courtyards or head on in to one of our state-of-the-art fitness centers or to our resident lounge for billiards and

    The Washingtons

    (781) 808-2145

    2 Washington St, Melrose, MA 02176
  • /50

    Starting at $2,170

    Total Monthly Price

    • 1 - 2 Beds

    209 Pleasant St, Melrose, MA 02176

    Welcome to Towne Estates in Melrose, MA! Our well-maintained community offers one- and two-bedroom apartments all including a full-size kitchen with refrigerator, stove, dishwasher, garbage disposal and additional storage. Heat, hot water, and gas for cooking are all included in your rent. Take advantage of the onsite laundry facilities. clubhouse, basketball court, playground, and bike storage.

    Towne Estates

    (351) 666-5637

    209 Pleasant St, Melrose, MA 02176
  • /13

    $4,950

    Total Monthly Price

    • 2 Beds
    • 3 Baths
    • 2,400 Sq Ft
    • Condo for Rent

    137 Green St Unit 2, Melrose, MA 02176

    Rare Two-Level Melrose Condo with 3 Bedrooms + Office, 2 Full Baths, Parking, Yard & Tree-Top ViewsRare opportunity to rent a spacious, house-like two-level condo in one of Melrose's most convenient and desirable neighborhoods. This bright and beautifully maintained home offers three true bedrooms, a separate windowed office ideal for working from home, two full updated bathrooms, a

    137 Green St Unit 2, Melrose, MA 02176
  • /15

    $1,950 Plus Fees

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    189 W Wyoming Ave Unit 25, Melrose, MA 02176

    Move-In Costs Fees:Last Month Rent: $1,950First Month Rent: $1,950Cat Rent: $50 / month

    (781) 496-1520

    189 W Wyoming Ave Unit 25, Melrose, MA 02176
  • /19

    $3,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,110 Sq Ft
    • Condo for Rent

    45 Loomis St Unit 317, Malden, MA 02148

    This elegant, spacious 3rd floor unit in a quiet building is ready for you to make it your home. This freshly painted and updated 2-bedroom, 2-bath (plus an office/flex room) rental offers an inviting layout with a large living room with sliding glass doors leading to balcony. The large primary bedroom includes double closets and a full en-suite bath. A second bedroom comfortably fits a queen bed

    Erik DiNardo Gibson Sotheby's International Realty

    45 Loomis St Unit 317, Malden, MA 02148
  • /31

    $4,200 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,625 Sq Ft
    • House for Rent

    76 Lynde Ave, Melrose, MA 02176

    This Melrose home strikes the ideal balance between quality craftsmanship and prime location, close to the Wyoming commuter rail and vibrant downtown shops. Hardwood floors warm the main level and bedrooms, guiding you from the fully applianced kitchen through inviting dining and living spaces. The kitchen features crisp white wood cabinetry, elegant quartz countertops, tile flooring, and a

    Deborah Chandler Leading Edge Real Estate

    76 Lynde Ave, Melrose, MA 02176
  • /18

    $2,600 Plus Fees

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    3 Mt Vernon St, Melrose, MA 02176

    This nice 2 Bedrooms 1 Bath place in the Melrose area is available for 06-01-2026. Included Features are: Laundry in Basement.Boston Pads is not responsible for any errors, omissions and change in price, prior sale, rent and withdrawal without notice. All information from sources reliable but not guaranteed. Photographs, videos, description and information about the properties reflect

    (781) 620-7394

    3 Mt Vernon St, Melrose, MA 02176
  • /2

    $2,925

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • 3 bed 1 bath!

    125 Lebanon St Unit 2, Melrose, MA 02176

    This 3-bedroom, 1-bath apartment in Melrose offers a comfortable and functional living space with a well-laid-out floor plan and abundant natural light throughout. The unit features fairly sized bedrooms, spacious common areas, and the convenience of in-unit laundry for everyday ease. Conveniently located near local shops, dining, parks, and public transportation, this apartment provides a great

    125 Lebanon St Unit 2, Melrose, MA 02176
  • /23

    $6,000

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • House for Rent

    94 Linwood Ave, Melrose, MA 02176

    Welcome to this beautifully updated and spacious 2,300 sq. ft. home in the highly desirable community of Melrose offering comfort, style, and flexibility for professionals, visiting faculty, executives, or families seeking a refined short- or long-term rental. The home offers 3 bedroom, 2.5 baths and approximately 2,300 sq ft of living space in one of Melrose's most convenient locations.

    94 Linwood Ave, Melrose, MA 02176
  • /14

    $1,950 Plus Fees

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    189 W Wyoming Ave Unit 24, Melrose, MA 02176

    Move-In Costs Fees:Last Month Rent: $1,950First Month Rent: $1,950Cat Rent: $50 / month

    (781) 496-1509

    189 W Wyoming Ave Unit 24, Melrose, MA 02176
  • /12

    $4,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,277 Sq Ft
    • House for Rent

    59 Park St, Melrose, MA 02176

    Available 7/1! Beautiful single family home in a quiet yet convenient Melrose location. T-station, schools, playgrounds, parks, and town center are all in walking distance. This home features a first-floor en-suite bedroom with an upgraded bathroom. The upper level offers a spacious bedroom with a walk-in closet, as well as a third bedroom that currently used as a home office. Enjoy the

    Sandy Zhang JW Real Estate Services, LLC

    59 Park St, Melrose, MA 02176
  • /14

    $4,900 Per Month

    • 4 Beds
    • 3 Baths
    • 2,204 Sq Ft
    • House for Rent

    115 Washington St, Melrose, MA 02176

    Recently renovated single-family rental featuring 4 bedrooms and 3 full baths, including a finished lower level with private entrance, bedroom, full bath, and family room—ideal for extended living or flexible use. Bright, modern interior with updated finishes throughout.Enjoy a large private backyard, 3-car driveway, and energy-efficient solar panels. Conveniently located near the T, offering

    Myrna Jean-Charles Open Circle Realty Group LLC

    115 Washington St, Melrose, MA 02176
  • /16

    $2,000 Per Month

    • 1 Bath
    • 450 Sq Ft
    • Apartment for Rent

    340 Main St Unit 502, Melrose, MA 02176

    Bright & Sunny Downtown Melrose Studio – Updated & Move-In Ready! Welcome to this charming bright and sunny studio apartment in the heart of downtown Melrose. Recently updated, this home features new flooring, cabinets, quartz countertops, and modern lighting throughout, along with a fresh coat of paint that makes the space feel crisp and inviting. Enjoy the sunny shared outdoor balcony just

    Cheryl Petitpas RE/MAX Platinum

    340 Main St Unit 502, Melrose, MA 02176
  • /17

    $2,975 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Apartment for Rent

    4 Chestnut Park Unit 1, Melrose, MA 02176

    A cozy and charming, first floor two bedroom apartment in a beautiful Victorian home features stunning original woodwork and plenty of natural light throughout. This spacious unit offers a warm, inviting atmosphere with generously sized rooms. Classic accents include hardwood floors, a built-in hutch with glass doors. Two unique fireplace mantels in the living room and dining room. Two bedrooms

    Maureen Grant Brad Hutchinson Real Estate

    4 Chestnut Park Unit 1, Melrose, MA 02176
  • /9

    $2,275 Per Month

    • 2 Beds
    • 1 Bath
    • 655 Sq Ft
    • Apartment for Rent

    836 Main St Unit 2, Melrose, MA 02176

    Cozy yet convenient, this 2 bedroom apartment is packed with features. Fully applianced kitchen, in-unit washer and dryer, central air conditioning and your individual front door entrance to Main St and all that Melrose has to offer. Available for June 1 occupancy, so call today. Please note, no smoking and no pets, references and good credit reports required with all applications.

    Gene Mullen Coldwell Banker Realty - Lynnfield

    836 Main St Unit 2, Melrose, MA 02176
  • /12

    Starting at $2,600

    Total Monthly Price

    • 2 Beds

    108-118 W Emerson St, Melrose, MA 02176

    Conveniently located just minutes from Boston. Emerson Arms offers two-bedroom apartments styled with care. Our floor plans feature modern design, shaker cabinets, stone countertops, ceramic tile and stainless-steel appliances. Each apartment includes its own storage unit, and each building has its own laundry room. Call or email to schedule your tour today. Virtual appointments are available.

    Emerson Arms Apartments

    (781) 590-1518

    108-118 W Emerson St, Melrose, MA 02176
  • /11

    $2,100 Per Month

    • 1 Bed
    • 1 Bath
    • 624 Sq Ft
    • Condo for Rent

    340 Main St Unit 501, Melrose, MA 02176

    One bedroom, one bath corner unit for rent at Melrose Place. This unit has been painted throughout and has newly installed wood floors. Great views of downtown Melrose, T stop at the front of the building and West Wyoming commuter train stop around the corner. Common laundry for all residents on the fourth floor. Security system in all common areas including garage. Intercom entry system and

    Paul Coogan Brad Hutchinson Real Estate

    340 Main St Unit 501, Melrose, MA 02176
  • /12

    $2,650 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Apartment for Rent

    1117 Main St Unit 1, Melrose, MA 02176

    June 1st move in Date (6-1-2026) , Spacious 2 bedroom and 1 bathroom in Melrose, 2 tandem parking space in the drive way, hardwood flooring for the entire, spacious living room and dinning room, Washer and dryer are also on the 2nd floor, Extra storage space in the attic, easy to access commuter rail station - Melrose Highlands, bus station, Wholes foods market, restaurants, and coffee shops.

    Agent Photo

    Jay Liu

    Jiang Hua Liu

    (339) 675-2184

    1117 Main St Unit 1, Melrose, MA 02176
  • /38

    $4,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,454 Sq Ft
    • Condo for Rent

    569 Franklin St Unit 6, Melrose, MA 02176

    7/15 - Furnished, Garage Parking, Commuter Rail - Undercliff Terrace condominiums is located in the Melrose Highlands, steps to the Commuter Rail for a quick ride to Boston and convenient for commuters to 93 and Rt 1. Contemporary updates carry the historical charm of this sprawling 2-bedroom corner unit penthouse condo into the present. An updated gourmet style kitchen with many cabinets, soap

    Jamie Thompson Thompson Realty

    569 Franklin St Unit 6, Melrose, MA 02176
  • /20

    $3,950 Per Month

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • Apartment for Rent

    21-23 Rendall Place Unit 2, Melrose, MA 02176

    Living at Rendall Place offers the convenience of a very spacious, updated unit and a location near downtown Melrose along with the commuter rail. A second and third floor unit offering a living room, dining room with a built in cabinet and enclosed sunroom. The eat-in kitchen features ample cabinets, new quartz countertops and washer/dryer. Two bedrooms and a full bath complete this floor. Head

    Maureen Grant Brad Hutchinson Real Estate

    21-23 Rendall Place Unit 2, Melrose, MA 02176
  • /15

    $1,750 Per Month

    • 1 Bath
    • 294 Sq Ft
    • Condo for Rent

    340 Main St Unit 206, Melrose, MA 02176

    Newly renovated studio condo available for immediate move-in in the heart of downtown Melrose! This bright and freshly painted unit features a brand-new kitchen with stainless steel appliances, new cabinetry, elegant gold hardware, and a renovated bathroom with new vanity, countertop and fixtures. The unit offers great natural light, one assigned parking space, additional storage in the basement,

    Anna Mean AC Realty

    340 Main St Unit 206, Melrose, MA 02176
  • /14

    $3,500

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,500 Sq Ft
    • House for Rent

    977 Main St, Melrose, MA 02176

    Melrose Highlands Neighborhood!First floor apartment3 bedroomsOne bath3 parking spacesWasher and dryer in unitWall A/CEat-in kitchenDishwasherDisposalGas stoveRefrigeratorSpacious living and dining roomFront foyerRent by owner.

    977 Main St, Melrose, MA 02176
  • /13

    $4,500 Per Month

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    56 Glen Rock Ave, Malden, MA 02148

    Location, location, location! Only 0.3 mile away from Oak Grove T station. A good opportunity for living in UPDATED single family home located on a QUIET RESIDENTIAL street! Most of the updates have been completed within the past three years and include New windows, flooring, kitchen appliances, bathrooms, front porch with AZEK decking! This home is well-loved and features four bedrooms, one car

    Cheng Liang

    56 Glen Rock Ave, Malden, MA 02148
  • /12

    $2,650 Per Month

    • 2 Beds
    • 1 Bath
    • 782 Sq Ft
    • Apartment for Rent

    114 W Emerson St Unit 1, Melrose, MA 02176

    Sunny, Deleaded, 2 Bedroom Available 5/25/26. Updated Kitchen with Dishwasher, Disposal and Microwave .Updated Bath as well !!. Hardwood Floors Throughout. Heat, Hot Water, Parking, and Storage Included. Laundry in the Building. Walk to Shops, Restaurants and Everything Melrose has to Offer. Steps to the Commuter Rail !! Sorry No Pets unless applicable by law. 1 Assigned parking spot, guest

    Amy Smith Fox Hill Realty, LLC

    114 W Emerson St Unit 1, Melrose, MA 02176
  • /8

    $1,725 Plus Fees

    • 1 Bed
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    22 W Wyoming Ave Unit 22, Melrose, MA 02176

    1 Bedroom1 BathroomParking: No Parking.Utilities: Heat and Hot Water Included. Laundry: Coin-op in Building.Availability: NOW!Cozy apartment located in Melrose. This is steps to Melrose Center and right next to the Commuter Rail at Wyoming Hill Station. This is a first floor unit and gets lots of natural light. Features Include: Hard wood floors through out, good

    (339) 293-1203

    22 W Wyoming Ave Unit 22, Melrose, MA 02176
  • /8

    $1,750 Plus Fees

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    22 W Wyoming Ave Unit 26, Melrose, MA 02176

    1 Bedroom1 BathroomParking: No Parking.Utilities: Heat and Hot Water Included. Laundry: Coin-op in Building.Availability: Now!Cozy apartment located in Melrose. This is steps to Melrose Center and right next to the Commuter Rail at Wyoming Hill Station. This is a third floor unit and gets lots of natural light. Features Include: Hard wood floors through out, good

    (781) 590-1110

    22 W Wyoming Ave Unit 26, Melrose, MA 02176
  • /15

    Starting at $3,300 Plus Fees

    • 2 - 3 Beds

    453 Franklin St, Melrose, MA 02176

    A highly anticipated addition to the vibrant Melrose community. This newly constructed 2 bed, 2 bath luxury unit offers an unparalleled living experience with stunning architectural design, spacious floor plan, and premium finishes. Located in a prime Melrose location, The Ella is just steps away from an array of local shops, trendy restaurants, fitness centers, and Whole Foods, making it a hub

    Ella

    (781) 417-3694

    453 Franklin St, Melrose, MA 02176
  • /8

    $1,800 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    452 Main St Unit 4, Melrose, MA 02176

    Enjoy the convenience of this newly renovated 1-bedroom apartment ideally situated on Main Street in Melrose. This unit features beautiful hardwood flooring throughout, an updated eat-in kitchen with tile flooring, granite countertops, and modern finishes.The living room offers a decorative fireplace, adding charm and character, while the full bathroom is fully tiled for a clean, modern look. The

    Teresa Troisi Core Real Estate

    452 Main St Unit 4, Melrose, MA 02176
  • /15

    $1,950 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Apartment for Rent

    191 W Wyoming Ave Unit 15, Melrose, MA 02176

    Rarely available 1 BD TOP FLOOR CORNER PENTHOUSE unit within nice complex in the heart of Melrose! Functional layout with kitchen that opens to living room. Features include newly refinished hardwood floors, fresh paint, updated kitchen and just renovated bathroom. Oversized picture window in living room provides for good natural sunlight. 2 walls of windows in bedroom. Ample closet space.

    Jeff Vecchio Coolidge Corner Realty

    191 W Wyoming Ave Unit 15, Melrose, MA 02176
  • /2

    $2,650 Per Month

    • 2 Beds
    • 1 Bath
    • 828 Sq Ft
    • Apartment for Rent

    110 W Emerson St Unit 4, Melrose, MA 02176

    2 bedroom 1 bath only 1 car parking brick apartment building offering spacious two bedroom apartment homes and an easy walk to shopping and restaurants. Public transportation right outside your door, and heat and hot water is included in your rent! Close to Public Transportation...Melrose Public Library... Restaurants and Shopping.

    Gregory Fiore Boston Commonwealth Real Estate

    110 W Emerson St Unit 4, Melrose, MA 02176
  • /9

    $3,000 Per Month

    • 4 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • Apartment for Rent

    40 Hurd St Unit 2, Melrose, MA 02176

    Four-bedroom, spacious duplex, some hardwood floors, recently renovated, eat-in kitchen, lots of windows. This Unit is in close proximity to the Wyoming commuter rail stop, restaurants and stores. Common laundry. Available now.

    Vivian Rosado United Realty Group

    40 Hurd St Unit 2, Melrose, MA 02176
  • /14

    $2,450 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Apartment for Rent

    127 Upham St Unit 2, Melrose, MA 02176

    Sunny five room apartment in a very quiet 1890's Victorian home on the East Side of Melrose. Includes large bright living room, two bedrooms, 1 which can be used for private office for those that work remotely and another small room that can be used for storage, white cabinet kitchen, large full bathroom. Two car on site parking is provided with one car in garage and a second space tandem in

    Paul Coogan Brad Hutchinson Real Estate

    127 Upham St Unit 2, Melrose, MA 02176
  • /20

    $2,150 Per Month

    • 2 Beds
    • 1 Bath
    • 1,150 Sq Ft
    • Apartment for Rent

    53 Pearl St Unit 3, Melrose, MA 02176

    5 rooms, 2 BRs, 1 Bath -Third floor apartment in a convenient location off Main St near Franklin Sq. Large LR with wall to wall - Open to DR. Kitchen has lots of cabinets and great counter space in this fully appliance kitchen. BRs with good size closets. Coin-op Washer & Dryer in unit There is off-street parking for 2 cars, Tenant pays own utilities. No smoking, no pets, . First, last, 1/2 month

    Douglas Dodge Coldwell Banker Realty - Lexington

    53 Pearl St Unit 3, Melrose, MA 02176
  • /21

    $4,500 Per Month

    • 5 Beds
    • 1 Bath
    • 1,160 Sq Ft
    • Apartment for Rent

    292 W Wyoming Ave Unit 292, Stoneham, MA 02180

    Very large 3 level side by side townhouse style unit. 4-5 bedrooms, 1st Floor: Kitchen, Living Room and Dining Room. 2nd Floor 3 Bedrooms and a Full Bath; 3rd Floor1-2 Bedrooms or Large Play area and 4th bedroom. Electric Heat on 3rd Floor. Beautiful Hardwood Floors. Front and side porch entries. Excellent off street parking. Large basement for storage with private coin operated laundry. Close to

    Craig Celli Century 21 North East

    292 W Wyoming Ave Unit 292, Stoneham, MA 02180
  • /13

    $2,800 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Apartment for Rent

    22 Howard St Unit 2, Melrose, MA 02176

    OWNER HAS UPGRADED THIS TO TWO CAR PARKING AND WILL PROVIDE WASHER/DRYER IN UNIT. Mint condition two bedroom apartment in the Horace Mann School area. Newer kitchen, bath, heat, central air conditioning, hardwood floors, plaster, windows etc. Granite counters and stainless steel appliances in the kitchen. Large full bathroom with connections for stack washer and dryer. Large main bedroom with

    Paul Coogan Brad Hutchinson Real Estate

    22 Howard St Unit 2, Melrose, MA 02176
  • /20

    Starting at $2,375 Plus Fees

    • 1 Bed

    10 Corey St, Melrose, MA 02176

    Fast & Easy online application, approval, and leasing.One and two-bedroom apartments Downtown Melrose locationAdjacent to the commuter rail train for a quick 15-min ride into North Station. Washer and dryer in every apartmentCovered parking availablePet friendly Open concept floor-plans with high ceilingsWalk-in closets, master baths and study rooms

    Corey10

    (978) 981-4106

    10 Corey St, Melrose, MA 02176
  • /6

    $3,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 100 Sq Ft
    • Condo for Rent

    124 Forest St Unit 2, Melrose, MA 02176

    Available now, lease to run to 9/1/26. There are hardwood floors throughout and one parking space is available. Unit FeaturesDishwasher Disposal Eat-In Kitchen Hardwood Floors Laundry in Building Microwave Oven/Range Refrigerator Storage.

    124 Forest St Unit 2, Melrose, MA 02176
  • /29

    $2,395 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Apartment for Rent

    175 W Wyoming Ave Unit 42, Melrose, MA 02176

    2 BD CORNER unit within nice boutique apartment complex in the heart of Melrose! Functional layout with open kitchen design that opens to living room with private outdoor balcony! Features include renovated kitchen with dishwasher, hardwood floors, modern updated bath and built-in wall A/C unit. Oversized picture window in living room provides for great natural sunlight. 2 walls of windows in

    Jeff Vecchio Coolidge Corner Realty

    175 W Wyoming Ave Unit 42, Melrose, MA 02176
  • /52

    $3,300

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • Condo for Rent

    496 Lebanon St Unit 3, Malden, MA 02148

    Located in Malden, MA, this townhouse is ideally situated for commuters, with easy access to major highways and public transportation options (Bus 106 - Lebanon St Loop). You'll also find an array of shopping, dining, and entertainment venues nearby, including parks, recreational facilities, and cultural attractions.

    496 Lebanon St Unit 3, Malden, MA 02148
  • /11

    $2,500

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 945 Sq Ft
    • Condo for Rent

    181 Green St Unit 413, Melrose, MA 02176

    2 bed and 2 bath located in Melrose. Easy access to downtown and public transportation!

    181 Green St Unit 413, Melrose, MA 02176

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Frequently Asked Questions

How much does it cost to rent a home in Melrose, MA?
The median rent for a home in Melrose, MA is $2,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Melrose, MA?
To comfortably afford the median rent in Melrose, MA, a household needs to earn roughly $100,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,500 per month in Melrose, MA, renters typically need to show $7,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Melrose, MA?
In Melrose, MA, the price-to-rent ratio is 29.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Melrose, MA are best for renting a home?
The best neighborhood for renting in Melrose, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Melrose East Side, Oak Grove-Pine Banks, Downtown Melrose, Horace Mann and Wyoming, each with its own character and price range.

Rental Home Trends in Melrose, MA

Rental Home Trends

Number of Homes for Rent
49
Median Rent
$2,500
Median Single Family Home Rent
$3,700
Median Townhouse Rent
$2,800
Median Condo Rent
$2,300
How to Rent a Home