Average Rent in Waltham, MA

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Current Versus Historical Waltham, MA Rents

Waltham rentals average $0 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,490, or roughly $3 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $824 (46.40%) year-over-year from $1,775 to $2,599. 1-bedroom rentals prices have increased by $527 (23.71%) year-over-year from $2,222 to $2,749. 2-bedroom rentals prices have increased by $837 (30.14%) year-over-year from $2,775 to $3,612. 3-bedroom rentals prices have increased by $813 (25.49%) year-over-year from $3,188 to $4,000. 4-bedroom rentals prices have increased by $2,850 (65.52%) year-over-year from $4,350 to $7,200. 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 18.51% this month. 1-bedroom rents have gone up by 12.99% this month. 2-bedroom rents have gone up by 16.36% this month. 3-bedroom rents have gone up by 6.43% this month. 4-bedroom rents have gone up by 39.81% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $3.56 $2,749 $2,222 (23.71%) $2,172 (26.56%)
2 BR $3.05 $3,612 $2,775 (30.14%) $2,717 (32.91%)
3 BR $2.33 $4,000 $3,188 (25.49%) $3,000 (33.33%)

Historical Rents in Waltham, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Waltham

There are a total of 2 cities nearby Waltham. The average rent in Waltham is currently $3,375 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,300, is the most affordable city nearby. In contrast, the most expensive city near Waltham, MA is Cambridge, MA. Monthly rents here are on average $3,449 per month.

Let's compare Waltham, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Waltham, MA is inf% more affordable than other cities nearby. One bedrooms are about 2.29% more affordable. Two bedrooms in Waltham, MA are about 1.24% more expensive. Finally, rent for three bedrooms are about 2.13% more expensive. Want more information? Check out the top 2 cities near Waltham, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,449

Top Neighborhoods Near Waltham

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

The average rent for these 1 neighborhoods in or near Waltham, MA is currently around $3,065 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Waltham, North Cambridge has the most affordable average rent at $3,065 per month. Whereas, at $3,065 average rent per month, North Cambridge is the most expensive neighborhood in or near Waltham. 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

Top Counties Near Waltham

There are a total of 1 counties located by Waltham, MA. The average rent for rentals in these counties is $3,375. That's roughly around $4 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,300. Vice versa, with an average rent of $3,449, Cambridge, MA is the most expensive county by Waltham, MA.

Typically, rent for studios in Waltham, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Waltham, MA is 2.29% more affordable than other counties nearby. Finally, rent for two bedrooms in Waltham, MA is 1.24% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,449

Top Zipcodes Near Waltham

There are a total of 5 zipcodes in or near Waltham, MA. The average rent for all of these zipcodes is $3,300. 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 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 $2,646. 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 Waltham, MA is $2,943 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,559 per month. Which comes out to $4 per sqft. The following chart includes the top 5 zipcodes in Waltham, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02215, Boston, MA $2,660 $4,094 $4,987 $4,092
02135, Boston, MA $2,573 $3,094 $3,075 $3,300
02138, Cambridge, MA $2,515 $2,725 $3,573 $2,859
02140, Cambridge, MA $2,646 $2,943 $3,559 $3,103
02134, Boston, MA $3,199 $2,810 $3,200 $3,413

Frequently Asked Questions - Waltham Average Rents

What is the average rent price in Waltham, MA?
The average monthly rental price for Waltham, MA apartments for rent is approximately $3,490. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Waltham, 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 Waltham, MA.
How much is a studio apartment in Waltham, 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 1 studio apartment listings currently available for rent in Waltham.
How much is a one bedroom apartment in Waltham, MA?
The average monthly rental price for one bedroom apartments is $2,774 and an average price per square feet of $3.56. There are a total of 9 one bedroom apartment listings currently available for rent in Waltham.
How much is a two bedroom apartment in Waltham, MA?
The average monthly rental price for two bedroom apartments is $3,537 and an average price per square feet of $3.05. There are a total of 22 two bedroom apartment listings currently available for rent in Waltham.
How have rent prices in Waltham, MA changed this year?
Rent prices for rentals in Waltham, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.46%, one bedroom rental prices have changed by 0.24%, two bedroom rental prices have changed by 0.30%, and three bedroom rental prices have changed by 0.25% year-over-year.
What is a reasonable rent price in Waltham, MA?
A reasonable rent price in Waltham, MA is around $2,792/month. You can search for these reasonably priced rental listings on RentHop.
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