People with their sights set on living in Waltham should prepare for rising rents.
Zumper, an apartment-listing website, calculated the median rent in 16 Massachusetts cities in Eastern and Central Massachusetts in December 2018.
Waltham’s median rent of $2,180 for a one-bedroom and $2,550 for a two-bedroom reflects roughly a 16 percent increase over what was paid in December 2017, according to the report. The city continues to have the fastest-growing rent in the region. For one-bedrooms, Worcester (a 15.7 percent increase year over year) and Medford (a 10.7 percent jump) were second and third on the list. For two-bedrooms, Lowell (a 15.8 percent increase) and Worcester (a 15.4 percent jump) came in second and third.
Cambridge remained the priciest place to rent ($2,500 for a one-bedroom and $2,930 for a two-bedroom). For a one-bedroom, that reflects a year-over-year increase of 4.2 percent. For a two-bedroom, it’s a 2.3 percent drop. Boston was second-most-expensive city for renters, with one-bedrooms priced at $2,450. Brookline came in third ($2,380).
With a median rent of $1,590 for a one-bedroom, Haverhill saw the greatest month-to-month increase between November and December 2018: 5.3 percent. It’s a 4.6 percent increase year over year, but still below the state median rent for a one-bedroom: $1,904. The median rent for a two-bedroom, $1,600, reflects a 0.6 percent decrease from November to December and a 5.3 percent drop year over year. Lawrence and Brockton were second and third on the list for month-over-month increases in rent for one-bedroom units — rising 5.2 percent and 5.1 percent, respectively. For two bedrooms, the cities that saw the biggest rent increases from November to December 2018 were Fall River (5.4 percent), Brookline (1.4 percent), and Worcester (1.4 percent).
The report named Fall River, Lawrence, and Brockton as the most affordable cities in the state for renters.
Check out the full report here.