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Home Massachusetts Melrose Apartments

Melrose 2 beds 2 baths - $3,900

Available: 08-01-2024
14 Photos
$3,900/mo
2 Beds
2 Baths
Available: 08/01/2024
Melrose, MA
560 Lebanon, Melrose, MA 02176
Listing courtesy of Torin Hanlon, Compass

Amenities & Apartment Information

Unit

In-Unit Laundry
Balcony

Property Description

Luxury condo with the best views in Melrose! Crystal Lake has been the most desired rental building for years and availability is scarce. The building features elevator access direct from your covered parking area equipped w/ a heated driveway; very convenient for New England winters! No unit in the building shares any walls and the concrete between floors eliminates nearly all sound. This unit features an open living area with a gas fireplace and a large kitchen with eat-in peninsula. There’s a large deck off of the living room which is perfect for your morning coffee or enjoying the sunset with a glass of wine. The primary bedroom has a walk-in closet, ensuite bathroom, and another private balcony overlooking the pond. In-unit laundry, central a/c, and two covered parking spaces are added conveniences. This downtown location is just minutes from all Melrose has to offer, including grocery, restaurants, shopping, coffee shops, and so much more! This is the best unit in the building!

Map & Nearby Areas

Price Comparison

This apartment is above the average price of $2,450 for 2 bedroom apartments in Melrose. 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 today before this great unit is rented!

Average Rent Prices for 2 Bedroom Apartments in Melrose

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$141,818 - $187,200

You + 1 Roommate, Each:

$78,000 - $93,600
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

$5,460

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Mid Range

25% of Gross Income

$3,900

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Low Range

15% of Gross Income

$2,340

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Have You Considered Buying
Your Own Home?

Instead of paying $3,900/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.