Average Rent in Medford, MA

Current Versus Historical Medford, MA Rents

Medford rentals average $2,548 for a 1-bedroom rental to $4,668 for a 4-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 April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $293 (16.22%) year-over-year from $1,807 to $2,100. 1-bedroom rentals prices have increased by $217 (10.40%) year-over-year from $2,083 to $2,300. 2-bedroom rentals prices have increased by $192 (7.35%) year-over-year from $2,608 to $2,800. 3-bedroom rentals prices have increased by $425 (13.39%) year-over-year from $3,175 to $3,600. 4-bedroom rentals prices have increased by $241 (4.99%) year-over-year from $4,829 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 48.24% this month. 1-bedroom rents have gone up by 8.66% this month. 2-bedroom rents have gone up by 3.07% this month. 3-bedroom rents have gone down by 0.12% this month. 4-bedroom rents have gone up by 2.84% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.50	$2,300	$2,083 (10.40%)	$1,649 (39.46%)
2 BR	$2.80	$2,800	$2,608 (7.35%)	$2,200 (27.27%)
3 BR	$2.68	$3,600	$3,175 (13.39%)	$2,700 (33.33%)
4+ BR	$2.37	$5,070	$4,829 (4.99%)	$3,942 (28.63%)

Historical Rents in Medford, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Medford

There are a total of 4 cities nearby Medford. The average rent in Medford is currently $3,355 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,584, is the most affordable city nearby. In contrast, the most expensive city near Medford, MA is Somerville, MA. Monthly rents here are on average $3,850 per month.

Let's compare Medford, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Medford, MA is inf% more affordable than other cities nearby. One bedrooms are about 6.97% more affordable. Two bedrooms in Medford, MA are about 21.15% more affordable. Finally, rent for three bedrooms are about 4.40% more affordable. Want more information? Check out the top 4 cities near Medford, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Watertown Town, MA	$2,793	$2,650	$3,175	$3,150
Cambridge, MA	$2,821	$3,036	$3,785	$3,559
Somerville, MA	$2,063	$2,800	$3,700	$3,850

Top Neighborhoods Near Medford

There are a total of 17 neighborhoods in or near Medford. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and Beacon Hill. We've included all of these top 17 neighborhoods in or near Medford, MA in the following chart.

The average rent for these 17 neighborhoods in or near Medford, MA is currently around $3,715 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $3,715. Interestingly, the neighborhoods' average rent is higher than Medford's average rent, which is only $3,300. Out of all the neighborhoods in or near Medford, North Cambridge has the most affordable average rent at $3,176 per month. Whereas, at $4,450 average rent per month, Back Bay is the most expensive neighborhood in or near Medford. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Cambridge, Cambridge, MA	$2,814	$2,953	$3,534	$3,176
Central Maverick Square - Paris Street, Boston, MA	$2,455	$3,000	$3,348	$3,200
Beacon Hill, Boston, MA	$2,150	$3,550	$4,100	$3,475
North End, Boston, MA	$2,400	$3,165	$4,675	$3,500
St. Elizabeth's, Boston, MA	$2,250	$2,400	$3,700	$3,600
East Cambridge, Cambridge, MA	$3,000	$3,350	$4,395	$3,643
West End, Boston, MA	$3,100	$3,546	$5,030	$3,695
Commonwealth, Boston, MA	$1,825	$2,350	$3,000	$3,700
South End, Boston, MA	$2,974	$3,403	$4,719	$3,715
Coolidge Corner, Brookline, MA	$2,035	$3,000	$3,500	$3,750
North Allston, Boston, MA	$3,143	$3,500	$4,721	$3,816
Downtown Boston, Boston, MA	$2,850	$3,426	$4,500	$3,865
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,499	$3,870	$4,516	$3,920
Chinatown - Leather District, Boston, MA	$3,304	$3,745	$5,600	$4,025
Kendall Square, Cambridge, MA	$3,245	$4,002	$4,658	$4,035
D Street - West Broadway, Boston, MA	$3,245	$3,800	$4,725	$4,170
Back Bay, Boston, MA	$2,400	$3,607	$5,800	$4,450

Top Counties Near Medford

There are a total of 17 counties located by Medford, MA. Some of these counties include Chelsea, MA, Watertown Town, MA, and Medford, MA. The average rent for rentals in these counties is $3,300. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $3,850, Somerville, MA is the most expensive county by Medford, MA.

Typically, rent for studios in Medford, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Medford, MA is 4.02% more affordable than other counties nearby. Finally, rent for two bedrooms in Medford, MA is 11.89% more affordable than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Watertown Town, MA	$2,793	$2,650	$3,175	$3,150
Medford, MA	N/A	$2,548	$2,838	$3,300
Cambridge, MA	$2,821	$3,036	$3,785	$3,559
Somerville, MA	$2,063	$2,800	$3,700	$3,850

Top Zipcodes Near Medford

There are a total of 22 zipcodes in or near Medford, MA. The average rent for all of these zipcodes is $3,638. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,300 per month is 02111, Boston, MA.

Studios in these zipcodes have an average rent of $2,574. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Medford, MA is $3,075 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,088 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 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	$2,695	$3,458	$4,250	$3,675
02210, Boston, MA	$3,245	$3,810	$5,036	$4,110
02118, Boston, MA	$2,974	$3,399	$4,737	$3,733
02215, Boston, MA	$2,363	$3,883	$4,500	$3,850
02116, Boston, MA	$2,885	$3,555	$5,495	$4,188
02142, Cambridge, MA	$3,095	$3,705	$4,488	$4,005
02135, Boston, MA	$2,500	$2,897	$3,200	$3,475
02128, Boston, MA	$2,500	$2,800	$3,400	$3,300
02138, Cambridge, MA	$2,550	$2,750	$3,582	$3,325
02134, Boston, MA	$2,868	$2,803	$3,975	$3,929

Frequently Asked Questions - Medford Average Rents

What is the average rent price in Medford, MA?

The average monthly rental price for 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 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 Medford, MA.

How much is a studio apartment in 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 Medford.

How much is a one bedroom apartment in Medford, MA?

The average monthly rental price for one bedroom apartments is $2,548 and an average price per square feet of $3.50. There are a total of 6 one bedroom apartment listings currently available for rent in Medford.

How much is a two bedroom apartment in Medford, MA?

The average monthly rental price for two bedroom apartments is $2,838 and an average price per square feet of $2.80. There are a total of 34 two bedroom apartment listings currently available for rent in Medford.

How have rent prices in Medford, MA changed this year?

Rent prices for rentals in Medford, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Medford, MA?

A reasonable rent price in Medford, MA is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.