Rental Market Trends in Melrose, Massachusetts

Curious about what your rental home in Melrose could rent for? At Chelworths, we track local market trends to give you clear, up-to-date insights into average rental prices in your area. Whether you own a single home or a growing portfolio, our data helps you understand where your property stands and how to get the best return on your investment.

Average market rent of $3,120, down 1% in 12 months, with range from $1,650 to $6,800.
Studio rentals for $2,490 per month with a 0% rate.
1-bedroom rentals cost $2,700/month, up 1.1%.
2 BD rentals cost $3,250/mo, down 6.1%.
3 BD rentals at $3,860/mo, up +2.9%
4-bedroom rental information: $4,210/month, +10.5% increase.
5 BD rentals: $4,850/mo, increase of 11.5%.

Historical Performance