Last updated
Average Rent in Melrose 02176 & Rent Trends
Rent prices and market trends across 1 apartment community in Melrose 02176, Melrose, MA. Updated daily.
Market Average
$3,052/mo
Lowest Available
$2,955/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
12
available now
Price Cuts This Week in Melrose 02176
18 listed units across 1 building offering 1 bed units 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 |
Melrose 02176 vs Melrose, MA Average
Melrose 02176 is cheaper than the Melrose, MA average by $263/mo (8%). 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 $3,052 per month across 1 apartment community and 12 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.
Prices range from $2,955 to $3,420 per month. The most common price point is the $3,000 range, where 9 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Melrose 02176
Rent Prices by Apartment in Melrose 02176
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Windsor at Oak Grove Apartments | $2,955/mo | $3,052/mo | 12 | 4.4 |
Frequently Asked Questions About Rent in Melrose 02176
What is the average rent in Melrose 02176?
Is rent going up or down in Melrose 02176?
What is the cheapest apartment in Melrose 02176?
How much is a 1-bedroom apartment in Melrose 02176?
How many apartments are available 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
$122,000/year
Based on the 30 percent rule, using our tracked average rent of $3,052/mo.
Comfortable income
$146,000/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 13% 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 |
|---|---|
| Rent (market average) | $3,052 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $7,680/mo |
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.
Google Search Trends for Melrose 02176 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Melrose 02176 Apartments
Browse all 1 communities with daily-updated pricing and availability.