Average Rent in Malden, MA

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Current Versus Historical Malden, MA Rents

Malden rentals average $1,675 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $300 (-17.65%) year-over-year from $1,700 to $1,400. 1-bedroom rentals prices have increased by $95 (5.12%) year-over-year from $1,855 to $1,950. 2-bedroom rentals prices have increased by $67 (2.74%) year-over-year from $2,433 to $2,500. 3-bedroom rentals prices have decreased by $33 (-1.18%) year-over-year from $2,833 to $2,800. 4-bedroom rentals prices have decreased by $67 (-1.87%) year-over-year from $3,567 to $3,500. 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 down by 0.59% this month. 1-bedroom rents have gone down by 4.49% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 4.00% this month. 4-bedroom rents have gone down by 1.87% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.08 $1,400 $1,700 (-17.65%) $1,565 (-10.54%)
1 BR $3.25 $1,950 $1,855 (5.12%) $1,617 (20.62%)
2 BR $2.53 $2,500 $2,433 (2.74%) $1,858 (34.59%)
3 BR $2.45 $2,800 $2,833 (-1.18%) $2,767 (1.20%)
4+ BR $2.25 $3,500 $3,567 (-1.87%) $2,925 (19.66%)

Historical Rents in Malden, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Malden

There are a total of 3 cities nearby Malden. The average rent in Malden is currently $3,500 per month. Only one city nearby has an average rent lower than that. Our records show that Lynn, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near Malden, MA is Somerville, MA. Monthly rents here are on average $3,900 per month.

Let's compare Malden, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Malden, MA is 1.49% more affordable than other cities nearby. One bedrooms are about 19.89% more affordable. Two bedrooms in Malden, MA are about 7.69% more affordable. Finally, rent for three bedrooms are about 30.36% more affordable. Want more information? Check out the top 3 cities near Malden, MA in the following chart.
City Studio 1 Bed 2 Bed All
Lynn, MA $1,700 $2,400 $2,550 $2,400
Medford, MA N/A $2,698 $2,800 $3,500
Somerville, MA $2,125 $2,738 $3,695 $3,900

Top Neighborhoods Near Malden

There are a total of 1 neighborhoods in or near Malden. We've included all of these top 1 neighborhoods in or near Malden, MA in the following chart.

The average rent for these 1 neighborhoods in or near Malden, MA is currently around $3,176 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Malden's average rent, which is only $2,700. Out of all the neighborhoods in or near Malden, North Cambridge has the most affordable average rent at $3,176 per month. Whereas, at $3,176 average rent per month, North Cambridge is the most expensive neighborhood in or near Malden. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,953 $3,572 $3,176

Top Counties Near Malden

There are a total of 1 counties located by Malden, MA. Some of these counties include Lynn, MA, Medford, MA, and Somerville, MA. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lynn, MA. It's average rent per month is $2,400. Vice versa, with an average rent of $3,900, Somerville, MA is the most expensive county by Malden, MA.

Typically, rent for studios in Malden, MA is 1.49% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Malden, MA is 19.89% more affordable than other counties nearby. Finally, rent for two bedrooms in Malden, MA is 7.69% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Lynn, MA $1,700 $2,400 $2,550 $2,400
Medford, MA N/A $2,698 $2,800 $3,500
Somerville, MA $2,125 $2,738 $3,695 $3,900

Top Zipcodes Near Malden

There are a total of 4 zipcodes in or near Malden, MA. The average rent for all of these zipcodes is $3,428.

The following chart includes the top 4 zipcodes in Malden, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02140, Cambridge, MA $2,627 $2,924 $3,603 $3,355
02155, Medford, MA N/A $2,698 $2,800 $3,500
02144, Somerville, MA $2,363 $2,850 $3,700 $4,275
02149, Everett, MA N/A $2,250 $2,763 $2,600

Frequently Asked Questions - Malden Average Rents

What is the average rent price in Malden, MA?
The average monthly rental price for Malden, MA apartments for rent is approximately $2,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Malden, 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 Malden, MA.
How much is a studio apartment in Malden, MA?
The average monthly rental price for studio apartments is $1,675 and an average price per square feet of $2.08. There are a total of 4 studio apartment listings currently available for rent in Malden.
How much is a one bedroom apartment in Malden, MA?
The average monthly rental price for one bedroom apartments is $2,250 and an average price per square feet of $3.25. There are a total of 9 one bedroom apartment listings currently available for rent in Malden.
How much is a two bedroom apartment in Malden, MA?
The average monthly rental price for two bedroom apartments is $2,600 and an average price per square feet of $2.53. There are a total of 15 two bedroom apartment listings currently available for rent in Malden.
How have rent prices in Malden, MA changed this year?
Rent prices for rentals in Malden, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.18%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.01% year-over-year.
What is a reasonable rent price in Malden, MA?
A reasonable rent price in Malden, MA is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.
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