Average Rent in Waltham, MA: The 2026 Market Snapshot

If you’ve been keeping an eye on the Greater Boston rental scene, you know that finding the "sweet spot" between affordability, space, and lifestyle is getting harder. That is exactly why so many renters are landing in Waltham. As of early 2026, the "Watch City" continues to be one of the most attractive options for young professionals and students who want access to Boston without the cramped quarters of Fenway or the price tag of Cambridge.

So, what does the market look like right now?

After the wild price hikes we saw post-pandemic, the market here is finally taking a bit of a breath. We aren’t seeing those double-digit percentage jumps anymore. Instead, prices have stabilized and, in some pockets, even dipped slightly—about 1.2% to 1.5% compared to last year. Currently, the average rent in Waltham generally falls between $2,600 and $3,100 per month.

That range is wide for a reason. Waltham has a distinct split in inventory. On one hand, you have the classic multi-family homes (often "triple-deckers") near Moody Street that offer better value. On the other hand, we’re seeing more luxury complexes with gyms and concierge services popping up along the Charles River, which pulls that average upward.

When you start crunching the numbers for your monthly budget, the price per square foot is where Waltham really shines compared to its eastern neighbors. You simply get more room to breathe here. However, availability varies significantly depending on what size unit you need.

Here is a realistic breakdown of what you should expect to pay in 2026:

Waltham isn’t just one uniform market; it’s a collection of very different neighborhoods. Where you choose to live will dictate both your rent price and your lifestyle.

The South Side & Moody Street: If you want to be where the action is, this is it. The area surrounding Moody Street is the cultural and dining hub of the city. Demand here is always high because it is incredibly walkable—you can stroll to the Commuter Rail, grab dinner at a top-tier restaurant, and hit the cinema without a car. Rents here tend to be in the mid-to-high range ($2,700+) because you are paying for that convenience and the vibrant atmosphere.

North Waltham & Piety Corner: Head north, and the vibe shifts dramatically. This area is characterized by tree-lined streets, larger lots, and a quieter, residential atmosphere. You are more likely to find single-family home rentals here. Because the homes are larger and often come with driveways and yards, prices can be steeper ($3,300+), but you are paying for peace and privacy.

The Bleachery & Riverfront: This area has seen a massive transformation over the last decade. It’s home to many of the converted mill buildings and new luxury lofts. If you are looking for exposed brick, high beams, and river views, this is your spot. Just be prepared for premium rents that reflect those high-end aesthetics.

For many of our clients, the decision comes down to a simple trade-off: Commute vs. Cost. Is moving out to Route 128 worth the travel time?

Let’s look at the "Commuter Math." An average 1-bedroom in Boston can easily run $3,600 or more. In Waltham, that same unit—likely with more square footage—averages around $2,660. That is a savings of roughly $940 a month. Even if you factor in a Zone 2 Commuter Rail pass (which is in the $270–$300 range) or the cost of gas, you are still pocketing over $600 a month.

Beyond the rent check, the cost of living feels different here. While overall costs in the Greater Boston area are high, you aren’t paying the "city premium" on everything. Parking is often included or significantly cheaper, and you get more grocery store options than the smaller city markets.

With Brandeis University and Bentley University calling Waltham home, the student rental market is its own unique ecosystem. If you are a student, the metrics are a little different.

Most students don't look at the total rent, but rather the "per room" cost. In a shared 3-or-4 bedroom apartment, the going rate is typically $800 to $1,100 per room, excluding utilities.

The September 1st Rush

This is crucial: The student market revolves strictly around the September 1st lease cycle. While you might find random openings in January, the bulk of the inventory turns over in late summer. Competition is fierce. The best listings for September often hit the market as early as March or April. If you wait until August, you will likely be left with the most expensive or least desirable options.

The rent price isn't the only number you need to write in your budget planner. There are a few localized costs that catch newcomers off guard.

Utilities and The "Winter Shock": New England winters are no joke, and neither are the heating bills. Many of Waltham’s older multi-family homes run on heating oil or older gas systems. In January and February, it is not uncommon to see heating bills spike over $300 a month if the insulation is older. Always ask what utilities are included; heat and hot water included is a goldmine.

The Broker Fee: If you are from outside Massachusetts, this one stings. In the Greater Boston rental market, it is standard for the tenant to pay a broker fee equal to one month's rent. On a $2,800 apartment, that means you need $8,400 cash up front (First, Last, and Broker Fee) just to get the keys.

Parking: The good news? In many multi-family rentals in Waltham, off-street driveway parking is included. However, if you choose one of the luxury managed buildings, be prepared for a parking add-on that can run $150+ per month per vehicle.

The market may have cooled slightly, but quality apartments still move quickly. Here is how to position yourself for success.

First, timing is everything. We recommend starting your search about 60 days before your ideal move-in date. If you look too early, landlords won't know their vacancy status yet; look too late, and you’re in a bidding war.

Second, have your paperwork digital and ready. When you tour a place you love, you should be able to submit proof of income, a credit report, and references within the hour. Landlords here prioritize speed and reliability.

Finally, consider off-cycle leasing. If you have flexibility, looking for an apartment with a lease starting between November and February can sometimes yield lower rents. Landlords hate vacancies in the winter and are often more willing to negotiate price to get a tenant in during the snow months.

Yes, typically. Newton is a direct neighbor but generally commands higher rents due to its affluent residential profile and school district reputation. You can usually get similar square footage in Waltham for significantly less per month.

For a standard 2-bedroom apartment, budget around $150–$200 per month for basic electric and gas. However, during winter, if you pay for heat (especially oil), that can easily spike to $300 or more per month.

While not strictly "required," it is highly recommended and very common. Most private landlords list exclusively through agents to handle the vetting process. You can find "No Fee" listings, but they are the exception, not the rule.

It depends entirely on the neighborhood. The South Side near Moody Street and the Commuter Rail station is extremely walkable with a "city" feel. Conversely, North Waltham and the areas near the reservoirs are very car-dependent.