Average Rent in Medford, MA

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Current Versus Historical Medford, MA Rents

Medford rentals average $0 for a studio rental to $4,750 for a 4-bedroom rental. The median price of all currently available listings is $3,500, or roughly $3 per square feet.
For the apartment units and housing in March 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,317 (-92.94%) year-over-year from $1,417 to $100. 1-bedroom rentals prices have decreased by $17 (-0.79%) year-over-year from $2,117 to $2,100. 2-bedroom rentals prices have increased by $83 (3.07%) year-over-year from $2,717 to $2,800. 3-bedroom rentals prices have decreased by $104 (-2.89%) year-over-year from $3,604 to $3,500. 4-bedroom rentals prices have decreased by $430 (-8.72%) year-over-year from $4,930 to $4,500. 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 24.05% this month. 1-bedroom rents have gone down by 1.56% this month. 2-bedroom rents have gone up by 1.20% this month. 3-bedroom rents have gone down by 5.83% this month. 4-bedroom rents have gone up by 7.25% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $3.52 $2,100 $2,117 (-0.79%) $1,715 (22.45%)
2 BR $2.50 $2,800 $2,717 (3.07%) $2,242 (24.91%)
3 BR $2.76 $3,500 $3,604 (-2.89%) $3,100 (12.90%)
4+ BR $2.81 $4,500 $4,930 (-8.72%) $4,017 (12.03%)

Historical Rents in Medford, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Medford

There are a total of 7 cities nearby Medford. The average rent in Medford is currently $2,700 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 $2,500, is the most affordable city nearby. In contrast, the most expensive city near Medford, MA is Somerville, MA. Monthly rents here are on average $3,998 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 6.82% more affordable. Two bedrooms in Medford, MA are about 1.82% more affordable. Finally, rent for three bedrooms are about 5.71% more expensive. Want more information? Check out the top 7 cities near Medford, MA in the following chart.
City Studio 1 Bed 2 Bed All
Everett, MA N/A $2,100 $2,500 $2,500
Chelsea, MA $1,600 $2,100 $2,600 $2,625
Revere, MA $1,850 $2,350 $2,800 $2,663
Malden, MA $2,193 $2,000 $2,800 $2,700
Watertown Town, MA $2,625 $2,600 $3,000 $3,000
Cambridge, MA $2,800 $3,300 $4,060 $3,839
Somerville, MA $2,388 $2,900 $3,695 $3,998

Top Neighborhoods Near Medford

There are a total of 13 neighborhoods in or near Medford. Some of these neighborhoods include Fenway - Kenmore - Audubon Circle - Longwood, Beacon Hill, and Commonwealth. We've included all of these top 13 neighborhoods in or near Medford, MA in the following chart.

The average rent for these 13 neighborhoods in or near Medford, MA is currently around $3,775 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,775. Interestingly, the neighborhoods' average rent is higher than Medford's average rent, which is only $3,500. Out of all the neighborhoods in or near Medford, Fenway - Kenmore - Audubon Circle - Longwood has the most affordable average rent at $3,400 per month. Whereas, at $4,075 average rent per month, D Street - West Broadway is the most expensive neighborhood in or near Medford. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,600 $3,000 $3,650 $3,400
Beacon Hill, Boston, MA $2,400 $2,975 $4,200 $3,475
Commonwealth, Boston, MA $1,900 $2,500 $2,950 $3,500
North End, Boston, MA $2,450 $3,100 $3,798 $3,500
St. Elizabeth's, Boston, MA $1,105 $2,575 $3,825 $3,585
West End, Boston, MA $3,010 $3,610 $4,550 $3,720
East Cambridge, Cambridge, MA $3,235 $3,503 $4,242 $3,775
Back Bay, Boston, MA $2,600 $3,500 $5,875 $3,800
Coolidge Corner, Brookline, MA $2,200 $2,850 $3,805 $3,850
South End, Boston, MA $2,700 $3,575 $4,150 $3,875
Downtown Boston, Boston, MA $3,115 $3,695 $4,885 $3,950
Chinatown - Leather District, Boston, MA $1,703 $3,695 $5,500 $3,950
D Street - West Broadway, Boston, MA $2,505 $3,200 $4,700 $4,075

Top Counties Near Medford

There are a total of 13 counties located by Medford, MA. Some of these counties include Everett, MA, Chelsea, MA, and Revere, MA. The average rent for rentals in these counties is $2,850. 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 $2,500. Vice versa, with an average rent of $3,998, 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 3.41% more affordable than other counties nearby. Finally, rent for two bedrooms in Medford, MA is 1.82% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Everett, MA N/A $2,100 $2,500 $2,500
Chelsea, MA $1,600 $2,100 $2,600 $2,625
Revere, MA $1,850 $2,350 $2,800 $2,663
Malden, MA $2,193 $2,000 $2,800 $2,700
Watertown Town, MA $2,625 $2,600 $3,000 $3,000
Medford, MA N/A $2,200 $2,750 $3,500
Cambridge, MA $2,800 $3,300 $4,060 $3,839
Somerville, MA $2,388 $2,900 $3,695 $3,998

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 $3,400. 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 $3,000 per month. In comparison, the zipcode with the most expensive average rent of $4,000 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $2,650. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Medford, MA is $3,056 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,638 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 $2,450 $2,500 $3,125 $3,000
02116, Boston, MA $2,700 $3,675 $5,775 $4,000
02118, Boston, MA $2,675 $3,513 $4,150 $3,800
02472, Watertown Town, MA $2,625 $2,600 $3,000 $3,000

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 $3,500. 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 $2,200 and an average price per square feet of $3.52. There are a total of 9 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 $2,750 and an average price per square feet of $2.50. There are a total of 20 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 -0.93%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in Medford, MA?
A reasonable rent price in Medford, MA is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.
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