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You are here:
Home Massachusetts Salem Apartments

Salem 3 beds 1 baths - $3,195

Available: 02-01-2025
7 Photos
$3,195/mo
3 Beds
1 Bath
Available: 02/01/2025
Salem, MA
28 Summit, Salem, MA 01970

Amenities & Apartment Information

Unit

Pet Friendly
Granite Countertops

Property Description

Great Salem Location! Available February 1st.Spacious, updated three-bedroom unit located in a tranquil neighborhood, just one block away from Salem Harbor. Off Lafayette St. Spacious eat-in kitchen equipped with new cabinets, appliances, and granite countertops, alongside generously sized bedrooms with gleaming hardwood floors throughout. Coin-op laundry in the basement. Includes tandem parking for two compact vehicles. First month, security deposit and broker fee required at signing.

Map & Nearby Areas

Endicott School

School

0.23mi

Witchcraft Heights School

Public Elementary School, Grades: K-5

0.28mi

The Phoenix School

Private School, Grades: PK-8

0.31mi

Phoenix

Private School, Grades: K-8

0.31mi

Wallis School

School

0.45mi

McDonald's

Burger (Fast Food)

0.42mi

Salem Fire Department

Fire Station

0.52mi

North Shore Medical Center - Salem Hospital

Hospital

0.58mi

Gallows Hill Park

Municipal Park

0.15mi

Gallows Hill Park

Park

0.25mi

Mansell Park

Municipal Park

0.29mi

Mack Park

Municipal Park

0.36mi

Splaine Park

Municipal Park

0.4mi

Pierpont Playground

Playground

0.3mi

Witchcraft Heights Playground

Playground

0.35mi

Cottage St. Playground

Playground

0.41mi

Walgreens

Pharmacy

0.32mi

CVS Pharmacy

Pharmacy

0.36mi

Stop & Shop

Supermarket

0.28mi

Price Comparison

This apartment is 11.25% less expensive than the average price of $3,600 for 3 bedroom apartments in Salem. Congratulations on finding a great apartment that is below the average rent price in Salem. Reach out to our agent to schedule a showing or request a rental application.

Average Rent Prices for 3 Bedroom Apartments in Salem

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$116,182 - $153,360

You + 2 Roommates, Each:

$42,600 - $51,120
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

$4,473

View Apartments

Mid Range

25% of Gross Income

$3,195

View Apartments

Low Range

15% of Gross Income

$1,917

View Apartments

Listing courtesy of Christopher Cowhig, Lokos Realty & Management
MLS ID#: 73313460

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

© 2024 MLS Property Information Network, Inc. All rights reserved.
MLS PIN Data Last Updated: 2024-11-21 03:05:00

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Have You Considered Buying
Your Own Home?

Instead of paying $3,195/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.