Average Rent in Medford, MA

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Current Versus Historical Medford, MA Rents

Medford rentals average $0 for a studio rental to $4,250 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have fallenover the last year. Studio rentals prices have increased by $899 (72.73%) year-over-year from $1,236 to $2,135. 1-bedroom rentals prices have decreased by $133 (-5.71%) year-over-year from $2,333 to $2,200. 2-bedroom rentals prices have increased by $83 (3.13%) year-over-year from $2,667 to $2,750. 3-bedroom rentals prices have increased by $367 (11.00%) year-over-year from $3,333 to $3,700. 4-bedroom rentals prices have decreased by $350 (-7.69%) year-over-year from $4,550 to $4,200. 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 13.66% this month. 1-bedroom rents have gone up by 0.76% this month. 2-bedroom rents have gone up by 1.23% this month. 3-bedroom rents have gone up by 7.77% this month. 4-bedroom rents have gone down by 9.52% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.64	$2,200	$2,333 (-5.71%)	$1,201 (83.21%)
2 BR	$2.55	$2,750	$2,667 (3.13%)	$2,133 (28.91%)
3 BR	$2.38	$3,700	$3,333 (11.00%)	$2,767 (33.73%)
4+ BR	$1.98	$4,200	$4,550 (-7.69%)	$3,900 (7.69%)

Historical Rents in Medford, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Medford

There are a total of 5 cities nearby Medford. The average rent in Medford is currently $2,998 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Revere, MA, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Medford, MA is Cambridge, MA. Monthly rents here are on average $3,500 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 20.24% more affordable. Two bedrooms in Medford, MA are about 13.21% more affordable. Finally, rent for three bedrooms are about 9.72% more expensive. Want more information? Check out the top 5 cities near Medford, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Revere, MA	$1,600	$2,300	$2,700	$2,500
Malden, MA	N/A	$2,100	$2,675	$2,713
Watertown Town, MA	$2,678	$2,525	$3,000	$2,998
Somerville, MA	$2,165	$2,850	$3,000	$3,300
Cambridge, MA	$2,750	$3,025	$3,600	$3,500

Top Neighborhoods Near Medford

There are a total of 10 neighborhoods in or near Medford. Some of these neighborhoods include Commonwealth, Neighborhood Nine, and Coolidge Corner. We've included all of these top 10 neighborhoods in or near Medford, MA in the following chart.

The average rent for these 10 neighborhoods in or near Medford, MA is currently around $3,625 per month. A total of one neighborhood has a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,625. Interestingly, the neighborhoods' average rent is higher than Medford's average rent, which is only $3,000. Out of all the neighborhoods in or near Medford, Commonwealth has the most affordable average rent at $3,000 per month. Whereas, at $4,303 average rent per month, South End is the most expensive neighborhood in or near Medford. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Commonwealth, Boston, MA	$300	$2,488	$3,083	$3,000
Neighborhood Nine, Cambridge, MA	$2,800	$2,800	$3,575	$3,100
Coolidge Corner, Brookline, MA	$2,500	$2,700	$3,500	$3,200
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,700	$2,800	$4,500	$3,500
West End, Boston, MA	$2,723	$3,453	$4,500	$3,600
East Cambridge, Cambridge, MA	$3,168	$3,500	$3,921	$3,650
Back Bay, Boston, MA	$3,000	$3,400	$4,750	$3,800
Downtown Boston, Boston, MA	$3,000	$3,733	$5,485	$3,893
D Street - West Broadway, Boston, MA	$3,005	$3,600	$4,400	$4,175
South End, Boston, MA	$2,635	$3,395	$4,400	$4,303

Top Counties Near Medford

There are a total of 10 counties located by Medford, MA. Some of these counties include Revere, MA, Malden, MA, and Watertown Town, MA. The average rent for rentals in these counties is $2,999. That's roughly around $3 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Revere, MA. It's average rent per month is $2,500. Vice versa, with an average rent of $3,500, Cambridge, 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 14.88% more affordable than other counties nearby. Finally, rent for two bedrooms in Medford, MA is 7.55% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Revere, MA	$1,600	$2,300	$2,700	$2,500
Malden, MA	N/A	$2,100	$2,675	$2,713
Watertown Town, MA	$2,678	$2,525	$3,000	$2,998
Medford, MA	N/A	$2,100	$2,650	$3,000
Somerville, MA	$2,165	$2,850	$3,000	$3,300
Cambridge, MA	$2,750	$3,025	$3,600	$3,500

Top Zipcodes Near Medford

There are a total of 4 zipcodes in or near Medford, MA. The average rent for all of these zipcodes is $3,599. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02128, Boston, MA at $2,800 per month. In comparison, the zipcode with the most expensive average rent of $4,305 per month is 02118, Boston, MA.

Studios in these zipcodes have an average rent of $2,643. 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 $2,869 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,700 per month. Which comes out to $4 per sqft. The following chart includes the top 4 zipcodes in Medford, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02128, Boston, MA	$2,100	$2,400	$2,900	$2,800
02116, Boston, MA	$3,000	$3,213	$5,350	$4,200
02118, Boston, MA	$2,608	$3,340	$4,400	$4,305
02472, Watertown Town, MA	$2,678	$2,525	$3,000	$2,998

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 $3,000. 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 1 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 $2,100 and an average price per square feet of $3.64. 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 $2,650 and an average price per square feet of $2.55. 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 0.73%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in Medford, MA?

A reasonable rent price in Medford, MA is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.