Average Rent in Waltham, MA

Current Versus Historical Waltham, MA Rents

Waltham rentals average $2,693 for a 1-bedroom rental to $4,636 for a 3-bedroom rental. The median price of all currently available listings is $3,496, 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 increased by $96 (4.86%) year-over-year from $1,984 to $2,080. 1-bedroom rentals prices have increased by $102 (4.44%) year-over-year from $2,298 to $2,400. 2-bedroom rentals prices have increased by $88 (3.14%) year-over-year from $2,788 to $2,875. 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 up by 0.89% this month. 1-bedroom rents have gone up by 4.35% this month. 2-bedroom rents have gone up by 1.17% 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 (% +/-)
1 BR	$3.47	$2,400	$2,298 (4.44%)	$2,031 (18.20%)
2 BR	$3.15	$2,875	$2,788 (3.14%)	$2,414 (19.11%)
3 BR	$2.87	$3,688	$3,150 (17.06%)	$2,700 (36.57%)

Historical Rents in Waltham, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Waltham

There are a total of 1 cities nearby Waltham. The average rent in Waltham is currently $3,412 per month. Only one city nearby has an average rent lower than that. Our records show that Cambridge, MA, with an average rent of $3,412, is the most affordable city nearby. In contrast, the most expensive city near Waltham, MA is Cambridge, MA. Monthly rents here are on average $3,412 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 14.18% more affordable. Two bedrooms in Waltham, MA are about 3.26% more affordable. Finally, rent for three bedrooms are about 20.19% more expensive. Want more information? Check out the top 1 cities near Waltham, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Cambridge, MA	$2,900	$3,075	$3,768	$3,412

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 $3,072 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 $3,072 per month. Whereas, at $3,072 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	$2,949	$3,559	$3,072

Top Counties Near Waltham

There are a total of 1 counties located by Waltham, MA. The average rent for rentals in these counties is $3,412. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Cambridge, MA. It's average rent per month is $3,412. Vice versa, with an average rent of $3,412, 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 14.18% more affordable than other counties nearby. Finally, rent for two bedrooms in Waltham, MA is 3.26% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cambridge, MA	$2,900	$3,075	$3,768	$3,412

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 $2,828 per month. In comparison, the zipcode with the most expensive average rent of $4,022 per month is 02215, Boston, MA.

Studios in these zipcodes have an average rent of $2,573. 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	$2,363	$4,092	$4,708	$4,022
02135, Boston, MA	$2,573	$3,125	$3,175	$3,300
02138, Cambridge, MA	$2,515	$2,726	$3,573	$2,828
02140, Cambridge, MA	$2,610	$2,943	$3,559	$3,065
02134, Boston, MA	$3,199	$2,810	$3,200	$3,425

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 $3,496. 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 0 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 $2,693 and an average price per square feet of $3.47. There are a total of 13 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 $3,649 and an average price per square feet of $3.15. There are a total of 21 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 0.05%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.03%, 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 $2,797/month. You can search for these reasonably priced rental listings on RentHop.