Last updated September 24, 2026

Average Rent in Melrose 02176 & Rent Trends

Rent prices and market trends across 1 apartment community in Melrose 02176, Melrose, MA. Updated daily.

Beds All Bedrooms 1 Bed 2 Bed

Market Average

$3,315/mo

Lowest Available

$2,955/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Melrose 02176

18 listed units across 1 building in Melrose 02176 dropped their asking rent in the past 7 days, an average cut of $69/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Windsor at Oak Grove Apartments	Unit 10314, B3	$3,426	$3,330	$96
Windsor at Oak Grove Apartments	Unit 02231, B4	$3,628	$3,540	$88
Windsor at Oak Grove Apartments	Unit 05114, B4	$3,578	$3,490	$88
Windsor at Oak Grove Apartments	Unit 05204, B3	$3,438	$3,350	$88
Windsor at Oak Grove Apartments	Unit 06411, B3	$3,498	$3,410	$88
Windsor at Oak Grove Apartments	Unit 08105, B3	$3,388	$3,300	$88
Windsor at Oak Grove Apartments	Unit 01132, B4	$3,816	$3,757	$59
Windsor at Oak Grove Apartments	Unit 01223, B4	$3,731	$3,672	$59

See today's prices on all 31 listed units

Melrose 02176 vs Melrose, MA Average

Melrose 02176 is the same price as the Melrose, MA average . The citywide average is $3,315/mo across all neighborhoods.

Is Rent Going Up or Down in Melrose 02176?

As of September 2026, the average rent in Melrose 02176 is $3,315 per month across 1 apartment community and 31 available units.

The most affordable option is Windsor at Oak Grove Apartments starting at $2,955/mo. By unit type, a 1-bedroom averages $3,052/mo, a 2-bedroom averages $3,482/mo.

Prices range from $2,955 to $3,757 per month. The most common price point is the $3,000 range, where 9 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Melrose 02176

1 Bed

$3,052

from $2,955 · 12 units

2 Bed

$3,482

from $3,300 · 19 units

Rent Prices by Apartment in Melrose 02176

Property	Starting at	Average	Units	Rating
Windsor at Oak Grove Apartments	$2,955/mo	$3,315/mo	31	4.4

Frequently Asked Questions About Rent in Melrose 02176

What is the average rent in Melrose 02176?

The average rent in Melrose 02176 is $3,315 per month as of September 2026, based on 31 units across 1 apartment communities.

Is rent going up or down in Melrose 02176?

The current average rent in Melrose 02176 is $3,315/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Melrose 02176?

The most affordable apartment in Melrose 02176 is Windsor at Oak Grove Apartments with units starting at $2,955/mo.

How much is a 1-bedroom apartment in Melrose 02176?

A 1-bedroom apartment in Melrose 02176 averages $3,052/mo, with prices starting at $2,955/mo across 12 available units.

How many apartments are available in Melrose 02176?

There are 31 units available across 1 apartment communities in Melrose 02176.

What salary do I need to live comfortably in Melrose 02176?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$133,000/year

Based on the 30 percent rule, using our tracked average rent of $3,315/mo.

Comfortable income

$159,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($2,955/mo), you need to earn at least $118,000/year.

Median household income in Melrose 02176 is $126,854 , about 20% below the comfortable-living threshold.

Cost of living in Melrose 02176

Overall prices in Melrose 02176 runs above the national average by about 10% (BEA Regional Price Parity index 110.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Melrose 02176's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$3,315	daily refresh
Utilities	$637	BLS × BEA RPP
Groceries	$544	BLS × BEA RPP
Transportation	$1,520	BLS × BEA RPP
Healthcare	$741	BLS × BEA RPP
Other goods and services	$1,186	BLS × BEA RPP
Estimated total	$7,943/mo	$95,322/year

Population

29,488

Median household income

$126,854

Census median rent

$1,933/mo

Census rent burden

29.1%

Median age

44.3

Mean commute

36 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Massachusetts Rent Trends

Compare rent across all Massachusetts cities

Explore Melrose, MA on Map

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US-wide rent comparison

See how Melrose, MA rents stack up against the national median