Average Rent in Waltham, MA

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Current Versus Historical Waltham, MA Rents

Waltham rentals average $748 for a studio rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $2,800, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $271 (24.13%) year-over-year from $1,124 to $1,395. 1-bedroom rentals prices have decreased by $473 (-18.74%) year-over-year from $2,523 to $2,050. 2-bedroom rentals prices have decreased by $236 (-7.78%) year-over-year from $3,036 to $2,800. 3-bedroom rentals prices have decreased by $199 (-5.50%) year-over-year from $3,624 to $3,425. 4-bedroom rentals prices have increased by $675 (14.75%) year-over-year from $4,575 to $5,250. 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 25.20% this month. 1-bedroom rents have gone down by 7.52% this month. 2-bedroom rents have gone up by 0.63% this month. 3-bedroom rents have gone up by 4.58% this month. 4-bedroom rents have gone up by 10.92% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$6.25	$1,395	$1,124 (24.13%)	$2,218 (-37.11%)
1 BR	$3.49	$2,050	$2,523 (-18.74%)	$2,169 (-5.46%)
2 BR	$2.78	$2,800	$3,036 (-7.78%)	$2,506 (11.73%)
3 BR	$2.72	$3,425	$3,624 (-5.50%)	$2,633 (30.06%)
4+ BR	$2.11	$5,250	$4,575 (14.75%)	$4,800 (9.38%)

Historical Rents in Waltham, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Waltham

There are a total of 6 cities nearby Waltham. The average rent in Waltham is currently $3,350 per month. Our records show that Arlington, MA, with an average rent of $2,925, is the most affordable city nearby. In contrast, the most expensive city near Waltham, MA is Newton, MA. Monthly rents here are on average $3,895 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 95.65% more affordable than other cities nearby. One bedrooms are about 15.83% more affordable. Two bedrooms in Waltham, MA are about 0.67% more expensive. Finally, rent for three bedrooms are about 0.33% more affordable. Want more information? Check out the top 6 cities near Waltham, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Arlington, MA	N/A	$2,100	$2,750	$2,925
Watertown Town, MA	N/A	$2,615	$2,950	$2,988
Medford, MA	$1,775	$2,375	$2,773	$3,200
Cambridge, MA	$2,700	$3,100	$3,590	$3,500
Brookline, MA	$1,150	$2,600	$3,500	$3,600
Newton, MA	$1,800	$2,325	$3,000	$3,895

Top Neighborhoods Near Waltham

There are a total of 2 neighborhoods in or near Waltham. We've included all of these top 2 neighborhoods in or near Waltham, MA in the following chart.

The average rent for these 2 neighborhoods in or near Waltham, MA is currently around $2,998 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Waltham's average rent, which is only $2,800. Out of all the neighborhoods in or near Waltham, Commonwealth has the most affordable average rent at $2,695 per month. Whereas, at $3,300 average rent per month, Coolidge Corner is the most expensive neighborhood in or near Waltham. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Commonwealth, Boston, MA	$1,800	$2,200	$2,900	$2,695
Coolidge Corner, Brookline, MA	$2,375	$2,550	$3,300	$3,300

Top Counties Near Waltham

There are a total of 2 counties located by Waltham, MA. Some of these counties include Waltham, MA, Arlington, MA, and Watertown Town, MA. The average rent for rentals in these counties is $3,200. 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 $2,800. Vice versa, with an average rent of $3,895, Newton, MA is the most expensive county by Waltham, MA.

Typically, rent for studios in Waltham, MA is 53.85% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Waltham, MA is 10.59% more affordable than other counties nearby. Finally, rent for two bedrooms in Waltham, MA is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Waltham, MA	$748	$2,148	$2,995	$2,800
Arlington, MA	N/A	$2,100	$2,750	$2,925
Watertown Town, MA	N/A	$2,615	$2,950	$2,988
Medford, MA	$1,775	$2,375	$2,773	$3,200
Cambridge, MA	$2,700	$3,100	$3,590	$3,500
Brookline, MA	$1,150	$2,600	$3,500	$3,600
Newton, MA	$1,800	$2,325	$3,000	$3,895

Top Zipcodes Near Waltham

There is one zipcode in or near Waltham, MA. The average rent for this zipcode is $2,988.

The following chart includes the zipcode in or near Waltham, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02472, Watertown Town, MA	N/A	$2,615	$2,950	$2,988

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 $2,800. 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 $748 and an average price per square feet of $6.25. There are a total of 4 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 $2,148 and an average price per square feet of $3.49. There are a total of 28 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 $2,995 and an average price per square feet of $2.78. There are a total of 33 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 0.24%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by -0.05% year-over-year.

What is a reasonable rent price in Waltham, MA?

A reasonable rent price in Waltham, MA is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.