Average Rent in 02155, Medford, MA

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Current Versus Historical 02155, Medford, MA Rents

02155 rentals average $2,900 for a 2-bedroom rental to $3,500 for a 3-bedroom rental. The median price of all currently available listings is $3,300, or roughly $3 per square feet.
For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $918 (77.63%) year-over-year from $1,182 to $2,100. 1-bedroom rentals prices have increased by $133 (6.15%) year-over-year from $2,167 to $2,300. 2-bedroom rentals prices have increased by $225 (8.41%) year-over-year from $2,675 to $2,900. 3-bedroom rentals prices have decreased by $17 (-0.50%) year-over-year from $3,317 to $3,300. 4-bedroom rentals prices have increased by $424 (9.13%) year-over-year from $4,646 to $5,070. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 24.75% this month. 1-bedroom rents have gone up by 6.98% this month. 2-bedroom rents have gone up by 3.57% this month. 3-bedroom rents have gone down by 4.00% this month. 4-bedroom rents have gone up by 0.15% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $2.67 $2,900 $2,675 (8.41%) $2,200 (31.82%)
3 BR $1.94 $3,300 $3,317 (-0.50%) $2,717 (21.47%)

Historical Rents in 02155, Medford, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02155

There are a total of 1 cities nearby 02155. The average rent in 02155 is currently $3,452 per month. Our records show that Cambridge, MA, with an average rent of $3,452, is the most affordable city nearby. In contrast, the most expensive city near 02155, Medford, MA is Cambridge, MA. Monthly rents here are on average $3,452 per month.

Let's compare 02155, Medford, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02155, Medford, MA is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 02155, Medford, MA are about 30.66% more affordable. Finally, rent for three bedrooms are about 5.71% more affordable. Want more information? Check out the top 1 cities near 02155, Medford, MA in the following chart.
City Studio 1 Bed 2 Bed All
Cambridge, MA $2,923 $3,073 $3,789 $3,452

Top Neighborhoods Near 02155

There are a total of 9 neighborhoods in or near 02155. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 9 neighborhoods in or near 02155, Medford, MA in the following chart.

The average rent for these 9 neighborhoods in or near 02155, Medford, MA is currently around $3,670 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,670. Interestingly, the neighborhoods' average rent is higher than 02155's average rent, which is only $3,300. Out of all the neighborhoods in or near 02155, North Cambridge has the most affordable average rent at $3,065 per month. Whereas, at $4,174 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near 02155. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,943 $3,572 $3,065
South End, Boston, MA $2,949 $3,518 $4,907 $3,592
East Cambridge, Cambridge, MA $3,047 $3,353 $4,392 $3,630
Downtown Boston, Boston, MA $2,820 $3,401 $4,355 $3,655
Chinatown - Leather District, Boston, MA $3,315 $3,605 $5,122 $3,670
West End, Boston, MA $2,930 $3,473 $4,830 $3,750
D Street - West Broadway, Boston, MA $3,200 $3,694 $4,832 $3,956
Kendall Square, Cambridge, MA $3,245 $3,990 $4,652 $4,041
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,096 $4,927 $4,174

Top Counties Near 02155

There are a total of 9 counties located by 02155, Medford, MA. The average rent for rentals in these counties is $3,452. That's roughly around $4 per sqft. The county that is the most affordable is Cambridge, MA. It's average rent per month is $3,452. Vice versa, with an average rent of $3,452, Cambridge, MA is the most expensive county by 02155, Medford, MA.

Typically, rent for studios in 02155, Medford, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02155, Medford, MA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 02155, Medford, MA is 30.66% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Cambridge, MA $2,923 $3,073 $3,789 $3,452

Top Zipcodes Near 02155

There are a total of 12 zipcodes in or near 02155, Medford, MA. The average rent for all of these zipcodes is $3,585. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02138, Cambridge, MA at $2,859 per month. In comparison, the zipcode with the most expensive average rent of $4,092 per month is 02215, Boston, MA.

Studios in these zipcodes have an average rent of $2,834. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 02155, Medford, MA is $3,465 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,414 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02155, Medford, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02114, Boston, MA $2,808 $3,415 $4,400 $3,703
02210, Boston, MA $3,160 $3,688 $4,889 $3,956
02118, Boston, MA $2,949 $3,520 $4,932 $3,650
02215, Boston, MA $2,660 $4,094 $4,987 $4,092
02116, Boston, MA $2,860 $3,515 $4,940 $3,638
02142, Cambridge, MA $3,215 $3,910 $4,507 $4,016
02135, Boston, MA $2,573 $3,094 $3,075 $3,300
02138, Cambridge, MA $2,515 $2,725 $3,573 $2,859
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02140, Cambridge, MA $2,606 $2,936 $3,559 $3,091

Frequently Asked Questions - 02155 Average Rents

What is the average rent price in 02155, Medford, MA?
The average monthly rental price for 02155, Medford, MA apartments for rent is approximately $3,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02155, Medford, MA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 02155, Medford, MA.
How much is a studio apartment in 02155, Medford, MA?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 02155.
How much is a one bedroom apartment in 02155, Medford, MA?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in 02155.
How much is a two bedroom apartment in 02155, Medford, MA?
The average monthly rental price for two bedroom apartments is $2,900 and an average price per square feet of $2.67. There are a total of 2 two bedroom apartment listings currently available for rent in 02155.
How have rent prices in 02155, Medford, MA changed this year?
Rent prices for rentals in 02155, Medford, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.78%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by -0.01% year-over-year.
What is a reasonable rent price in 02155, Medford, MA?
A reasonable rent price in 02155, Medford, MA is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.
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