The Exchange Street Apartments
100-150 Exchange St,
Malden, MA 02148
Studio - 2 Beds | $2,410 - $3,710
Rental Market Trends in Medford, MA
What is the average rent in Medford, MA?
$2,847/month
Average Rent
757 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of February 2025, the average rent in Medford, MA is $2,847 per month. This is 83% higher than the national average rent price of $1,555/month, making Medford one of the most expensive cities in the US. When you rent an apartment in Medford, you can expect to pay about $2,447 per month for a studio, $2,847 for a one-bedroom apartment, and around $3,276 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,892 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Medford, MA?
In the past year, rent has increased by 1.3%, which averages out to $39 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Medford, MA
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
8%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
77%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Medford?
Based on current rent prices, North Medford, West Medford and Medford Hillside are the most affordable neighborhoods in Medford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Medford?
Based on current rent prices, Wellington Medford, Lawrence Estates and Downtown Medford are the most expensive neighborhoods in Medford.
Neighborhood
Average Rent
Average Sq Ft
Which Medford neighborhoods have the most rentals available?
The neighborhoods in Medford with the most apartments available are Wellington Medford, Glenwood and South Medford .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Medford, MA?
Because the average rent in Medford is $2,847, you’ll want to make about $9,490 per month or $113,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Medford, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Medford, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$2,458/month
One Bedroom
-
$2,919/month
Two Bedroom
-
$3,573/month
Three Bedroom
-
$4,440/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.