Welby Park Estates
1399 Phillips Rd,
New Bedford, MA 02745
Studio - 2 Beds | $1,890 - $2,106
Rental Market Trends in New Bedford, MA
What is the average rent in New Bedford, MA?
$1,357/month
Average Rent
579 Sq Ft
Average Apartment Size
+6.2%
Increase in the Last Year
As of December 2024, the average rent in New Bedford, MA is $1,357 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means New Bedford rent prices are 13% lower than the national average. When you rent an apartment in New Bedford, you can expect to pay about $1,160 per month for a studio, $1,357 for a one-bedroom apartment, and around $1,777 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,286 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 New Bedford, MA?
In the past year, rent has increased by 6.2%, which averages out to $85 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 December 2024
Legend
2023
2024
Rent Ranges in New Bedford, MA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
35%
$700 - $1,000/month
15%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Bedford?
Based on current rent prices, Downtown New Bedford is the most affordable neighborhood in New Bedford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Bedford?
Based on current rent prices, Downtown New Bedford is the most expensive neighborhood in New Bedford.
Neighborhood
Average Rent
Average Sq Ft
Which New Bedford neighborhoods have the most rentals available?
The neighborhood in New Bedford with the most apartments available is Downtown New Bedford .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Bedford, MA?
Because the average rent in New Bedford is $1,357, you’ll want to make about $4,523 per month or $54,276 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 New Bedford, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare New Bedford, 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
$872/month
$872/month
One Bedroom
$1,338/month
$1,338/month
Two Bedroom
$1,498/month
$1,498/month
Three Bedroom
$2,209/month
$2,209/month
Nearby City Rent Trends
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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.