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Home Massachusetts Medford Apartments

Medford 3 beds 1 baths - $3,800

Available: 09-01-2024
8 Photos
$3,800/mo
3 Beds
1 Bath
Available: 09/01/2024
Medford, MA
256 Main Street, Medford, MA 02155
Listing courtesy of The Moving Greater Boston Team, Berkshire Hathaway HomeServices Warren Residential

Amenities & Apartment Information

Unit

Pet Friendly
Stainless Steel Appliances

Property Description

Available September 1st. This 3 bed and 1 bath apartment is located on the 2nd floor unit of a newly renovated 2 Family. It has an open living/dining layout and sun-filled bedrooms with hardwood floors. Kitchen has new stainless steel appliances and ample storage. Bathroom has a soaking tub with an overhead shower. This unit also comes with a private deck that overlooks the shared backyard. It is conveniently situated near Tufts University, great restaurants, and many parks for a leisurely stroll. Private laundry unit available in the basement.

Price Comparison

This apartment is above the average price of $3,369 for 3 bedroom apartments in Medford. The unit includes some utilities. If you consider the cost of paying for these utilities separately, you may find that having them included in the rent saves you money. The other amenities this apartment offers, along with its condition, location, and size, can also contribute to the above average rent price. Contact us about this great unit before it's gone!

Average Rent Prices for 3 Bedroom Apartments in Medford

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$138,182 - $182,400

You + 2 Roommates, Each:

$50,667 - $60,800
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$5,320

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Mid Range

25% of Gross Income

$3,800

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Low Range

15% of Gross Income

$2,280

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Have You Considered Buying
Your Own Home?

Instead of paying $3,800/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 7.242% interest, 20% down payment, $120/mo homeowners insurance, and the average property tax rate of 10.90 in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.