Average Rent in Medford, MA

Home  »  MA  »  Medford

Current Versus Historical Medford, MA Rents

Medford rentals average $2,650 for a 1-bedroom rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $3,625, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,096 (-56.32%) year-over-year from $1,946 to $850. 1-bedroom rentals prices have decreased by $8 (-0.40%) year-over-year from $2,083 to $2,075. 2-bedroom rentals prices have increased by $167 (6.33%) year-over-year from $2,633 to $2,800. 3-bedroom rentals prices have increased by $325 (10.24%) year-over-year from $3,175 to $3,500. 4-bedroom rentals prices have increased by $299 (6.21%) year-over-year from $4,821 to $5,120. 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 34.62% this month. 1-bedroom rents have gone down by 7.43% this month. 2-bedroom rents have gone up by 4.35% this month. 3-bedroom rents have gone down by 0.94% this month. 4-bedroom rents have gone up by 7.83% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $4.18 $2,075 $2,083 (-0.40%) $1,600 (29.69%)
2 BR $2.79 $2,800 $2,633 (6.33%) $2,200 (27.27%)
3 BR $2.51 $3,500 $3,175 (10.24%) $2,683 (30.43%)
4+ BR $2.83 $5,120 $4,821 (6.21%) $3,925 (30.45%)

Historical Rents in Medford, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Medford

There are a total of 6 cities nearby Medford. The average rent in Medford is currently $2,950 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Everett, MA, with an average rent of $2,600, is the most affordable city nearby. In contrast, the most expensive city near Medford, MA is Somerville, MA. Monthly rents here are on average $3,698 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 8.96% more expensive. Two bedrooms in Medford, MA are about 10.00% more affordable. Finally, rent for three bedrooms are about 10.34% more expensive. Want more information? Check out the top 6 cities near Medford, MA in the following chart.
City Studio 1 Bed 2 Bed All
Everett, MA N/A $2,200 $2,648 $2,600
Malden, MA $1,575 $2,000 $2,600 $2,800
Chelsea, MA $1,550 $2,200 $2,975 $2,800
Watertown Town, MA $2,413 $2,625 $3,185 $3,100
Cambridge, MA $2,820 $3,000 $3,747 $3,521
Somerville, MA $2,000 $2,725 $3,475 $3,698

Top Neighborhoods Near Medford

There are a total of 15 neighborhoods in or near Medford. Some of these neighborhoods include Central Maverick Square - Paris Street, North Cambridge, and South End. We've included all of these top 15 neighborhoods in or near Medford, MA in the following chart.

The average rent for these 15 neighborhoods in or near Medford, MA is currently around $3,698 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $3,698. Interestingly, the neighborhoods' average rent is higher than Medford's average rent, which is only $3,625. Out of all the neighborhoods in or near Medford, Central Maverick Square - Paris Street has the most affordable average rent at $3,150 per month. Whereas, at $4,750 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
Central Maverick Square - Paris Street, Boston, MA $2,335 $3,005 $3,517 $3,150
North Cambridge, Cambridge, MA $2,814 $2,949 $3,559 $3,176
South End, Boston, MA $2,959 $3,355 $4,737 $3,531
North End, Boston, MA $2,400 $3,395 $4,400 $3,600
East Cambridge, Cambridge, MA $3,000 $3,315 $4,458 $3,642
St. Elizabeth's, Boston, MA $2,150 $2,965 $3,375 $3,650
West End, Boston, MA $2,908 $3,308 $4,870 $3,695
Chinatown - Leather District, Boston, MA $3,292 $3,565 $5,385 $3,698
Downtown Boston, Boston, MA $2,858 $3,426 $4,507 $3,838
Coolidge Corner, Brookline, MA $2,045 $3,000 $3,400 $3,900
Commonwealth, Boston, MA $1,063 $2,300 $2,850 $3,938
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,575 $3,941 $4,516 $4,000
Kendall Square, Cambridge, MA $3,000 $3,978 $4,658 $4,035
D Street - West Broadway, Boston, MA $3,199 $3,804 $4,613 $4,096
Back Bay, Boston, MA $2,520 $3,528 $5,304 $4,750

Top Counties Near Medford

There are a total of 15 counties located by Medford, MA. Some of these counties include Everett, MA, Malden, MA, and Chelsea, MA. The average rent for rentals in these counties is $3,100. That's roughly around $3 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Everett, MA. It's average rent per month is $2,600. Vice versa, with an average rent of $3,698, 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 0.94% more expensive than other counties nearby. Finally, rent for two bedrooms in Medford, MA is 6.25% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.
County Studio 1 Bed 2 Bed All
Everett, MA N/A $2,200 $2,648 $2,600
Malden, MA $1,575 $2,000 $2,600 $2,800
Chelsea, MA $1,550 $2,200 $2,975 $2,800
Watertown Town, MA $2,413 $2,625 $3,185 $3,100
Cambridge, MA $2,820 $3,000 $3,747 $3,521
Medford, MA N/A $2,650 $2,800 $3,625
Somerville, MA $2,000 $2,725 $3,475 $3,698

Top Zipcodes Near Medford

There are a total of 26 zipcodes in or near Medford, MA. The average rent for all of these zipcodes is $3,620. A total of 14 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02149, Everett, MA at $2,600 per month. In comparison, the zipcode with the most expensive average rent of $4,250 per month is 02115, Boston, MA.

Studios in these zipcodes have an average rent of $2,494. 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 $2,912 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,597 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 $2,820 $3,395 $4,250 $3,710
02210, Boston, MA $3,245 $3,822 $4,930 $4,099
02118, Boston, MA $2,924 $3,348 $4,812 $3,576
02215, Boston, MA $2,388 $4,022 $4,500 $3,877
02116, Boston, MA $2,893 $3,555 $5,348 $4,200
02142, Cambridge, MA $3,000 $3,638 $4,507 $3,995
02135, Boston, MA $2,500 $2,700 $3,125 $3,545
02128, Boston, MA $2,418 $2,800 $3,300 $3,200
02138, Cambridge, MA $2,523 $2,730 $3,571 $3,275
02134, Boston, MA $3,087 $2,798 $3,600 $3,975

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 $3,625. 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 $2,650 and an average price per square feet of $4.18. There are a total of 4 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 $2,800 and an average price per square feet of $2.79. There are a total of 33 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 -0.56%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in Medford, MA?
A reasonable rent price in Medford, MA is around $2,900/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast