Average Rent in Waltham, MA

Current Versus Historical Waltham, MA Rents

Waltham rentals average $1,350 for a studio rental to $4,100 for a 4-bedroom rental. The median price of all currently available listings is $2,842, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $269 (-13.54%) year-over-year from $1,984 to $1,715. 1-bedroom rentals prices have increased by $77 (3.35%) year-over-year from $2,298 to $2,375. 2-bedroom rentals prices have increased by $13 (0.45%) year-over-year from $2,788 to $2,800. 3-bedroom rentals prices have increased by $538 (17.06%) year-over-year from $3,150 to $3,688. 4-bedroom rentals prices have decreased by $592 (-12.61%) year-over-year from $4,692 to $4,100. 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 11.60% this month. 1-bedroom rents have gone up by 3.64% this month. 2-bedroom rents have gone down by 1.18% this month. 3-bedroom rents have gone up by 8.06% this month. 4-bedroom rents have gone down by 3.53% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.50	$1,715	$1,984 (-13.54%)	$1,945 (-11.80%)
1 BR	$3.42	$2,375	$2,298 (3.35%)	$2,031 (16.97%)
2 BR	$3.01	$2,800	$2,788 (0.45%)	$2,414 (16.00%)
3 BR	$2.35	$3,688	$3,150 (17.06%)	$2,700 (36.57%)
4+ BR	$2.34	$4,100	$4,692 (-12.61%)	$3,350 (22.39%)

Historical Rents in Waltham, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Waltham

There are a total of 4 cities nearby Waltham. The average rent in Waltham is currently $3,770 per month. Our records show that Medford, MA, with an average rent of $3,500, is the most affordable city nearby. In contrast, the most expensive city near Waltham, MA is Newton, MA. Monthly rents here are on average $4,200 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 41.67% more affordable than other cities nearby. One bedrooms are about 12.17% more affordable. Two bedrooms in Waltham, MA are about 15.00% more affordable. Finally, rent for three bedrooms are about 20.00% more affordable. Want more information? Check out the top 4 cities near Waltham, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Medford, MA	N/A	$2,495	$2,800	$3,500
Cambridge, MA	$2,838	$3,007	$3,752	$3,540
Brookline, MA	$2,050	$3,000	$3,700	$4,000
Newton, MA	$1,775	$2,550	$3,200	$4,200

Top Neighborhoods Near Waltham

There are a total of 5 neighborhoods in or near Waltham. Some of these neighborhoods include North Cambridge, St. Elizabeth's, and Coolidge Corner. We've included all of these top 5 neighborhoods in or near Waltham, MA in the following chart.

The average rent for these 5 neighborhoods in or near Waltham, MA is currently around $3,750 per month. Meaning, only five neighborhoods have a higher average rent than $3,750. Interestingly, the neighborhoods' average rent is higher than Waltham's average rent, which is only $2,842. Out of all the neighborhoods in or near Waltham, North Cambridge has the most affordable average rent at $3,134 per month. Whereas, at $3,900 average rent per month, Commonwealth 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	$2,953	$3,547	$3,134
St. Elizabeth's, Boston, MA	$2,275	$2,373	$3,598	$3,550
Coolidge Corner, Brookline, MA	$2,050	$3,000	$3,400	$3,750
North Allston, Boston, MA	$3,199	$3,500	$4,721	$3,819
Commonwealth, Boston, MA	$1,900	$2,300	$3,000	$3,900

Top Counties Near Waltham

There are a total of 5 counties located by Waltham, MA. Some of these counties include Waltham, MA, Medford, MA, and Cambridge, MA. The average rent for rentals in these counties is $3,540. 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 Waltham, MA. It's average rent per month is $2,842. Vice versa, with an average rent of $4,200, Newton, MA is the most expensive county by Waltham, MA.

Typically, rent for studios in Waltham, MA is 31.48% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Waltham, MA is 3.07% more affordable than other counties nearby. Finally, rent for two bedrooms in Waltham, MA is 6.67% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Waltham, MA	$1,350	$2,474	$3,000	$2,842
Medford, MA	N/A	$2,495	$2,800	$3,500
Cambridge, MA	$2,838	$3,007	$3,752	$3,540
Brookline, MA	$2,050	$3,000	$3,700	$4,000
Newton, MA	$1,775	$2,550	$3,200	$4,200

Top Zipcodes Near Waltham

There are a total of 12 zipcodes in or near Waltham, MA. The average rent for all of these zipcodes is $3,515.

The following chart includes the top 10 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	$2,363	$3,920	$4,516	$3,877
02135, Boston, MA	$2,500	$2,700	$3,200	$3,428
02138, Cambridge, MA	$2,515	$2,733	$3,592	$3,340
02140, Cambridge, MA	$2,630	$2,944	$3,600	$3,363
02134, Boston, MA	$3,087	$2,820	$3,975	$3,975
02155, Medford, MA	N/A	$2,495	$2,800	$3,500
02130, Boston, MA	$2,235	$2,625	$3,350	$3,530
02472, Watertown Town, MA	$2,783	$2,709	$3,394	$3,100
02446, Brookline, MA	$2,045	$3,150	$3,525	$3,950
02453, Waltham, MA	$725	$2,375	$3,000	$2,850

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 $2,842. 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 $1,350 and an average price per square feet of $7.50. There are a total of 5 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 $2,474 and an average price per square feet of $3.42. There are a total of 37 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 $3,000 and an average price per square feet of $3.01. There are a total of 45 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 -0.14%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.17% year-over-year.

What is a reasonable rent price in Waltham, MA?

A reasonable rent price in Waltham, MA is around $2,274/month. You can search for these reasonably priced rental listings on RentHop.