Melrose, MA Rental Market Trends
Last updated: April 07, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Melrose is $2,929, a 0.4% decrease compared to the previous year, when the average rent was $2,940.
Studio Apartments at $2,318 offer the most budget-friendly option with 620 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 754 square feet for $2,675, balancing privacy and affordability.
Two-beedroom units at $3,132 offer 994 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,489 sq ft) for $4,509, suitable for larger households.
Average rent in Melrose, MA
Last updated: April 07, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,929 | 881 sq. ft. |
| Studio | $2,318 | 620 sq. ft. |
| 1 Bed | $2,675 | 754 sq. ft. |
| 2 Beds | $3,132 | 994 sq. ft. |
| 3 Beds | $4,509 | 1,489 sq. ft. |
Melrose, MA rent trends
Rental prices in Melrose, MA have decreased by 0.4% over the past year. The average rent moved from $2,940 to $2,929.
What's the typical rent budget in Melrose, MA?
The largest share of rentals in Melrose, MA (51%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Melrose, MA?
4,073 or 33% of the households in Melrose, MA are renter-occupied while 8,328 or 67% are owner-occupied.
How Melrose Compares to Other Cities
| City | Average Rent |
|---|---|
| Melrose | $2,929 |
| Boston | $3,638 |
| Fall River | $2,052 |
| Worcester | $2,011 |
| Cambridge | $3,611 |
| Somerville | $3,410 |
| Quincy | $2,745 |
| Waltham | $3,022 |
| New Bedford | $2,068 |
| Weymouth Town | $2,503 |
| Lowell | $2,290 |
| Salem | $2,707 |
| Beverly | $2,724 |
| Malden | $2,598 |
| Medford | $3,153 |
| Chelsea | $2,736 |
| Lynn | $2,372 |
| Newton | $3,828 |
| Lawrence, MA | $2,280 |
| Watertown, MA | $3,325 |
| Revere, MA | $2,735 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Melrose apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.