New Bedford, MA Rental Market Trends
What is the average rent in New Bedford?
The average rent for an apartment in New Bedford is $1,532, a 9% increase compared to the previous year, when the average rent was $1,404.
Average Rent in New Bedford, MA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,532 | 9% | 972 sq. ft. |
What is the average apartment size in New Bedford?
The average size for a New Bedford, MA apartment is 972 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
New Bedford, MA Apartment Rent Ranges
New Bedford, MA Occupied Housing Units
16,151 or 41% of the households in New Bedford, MA are renter-occupied while 22,737 or 58% are owner-occupied.
New Bedford, MA Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Sep / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Bedford, MA | $1,338 | $1,368 | $1,396 | $1,461 | $1,498 | $1,444 | $1,404 | $1,452 | $1,544 | $1,532 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,397 | $1,485 | $1,510 |
Average Rent in New Bedford, MA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Clifford | $1,589 |
| North End Mill | $1,589 |
| Pine Hill Acres | $1,589 |
| Rockdale | $1,532 |
| Bolton Street - Osborne Street | $1,516 |
| Fish Island | $1,516 |
| Maple Street - Cottage Street | $1,516 |
| Monte Park | $1,516 |
| New Bedford City Center | $1,516 |
| North Rockdale | $1,516 |
| Palmer Island | $1,516 |
| Popes Island | $1,516 |
| South Rockdale | $1,516 |
| Westview Park | $1,516 |
| Mount Pleasant | $1,512 |
What are the most affordable neighborhoods in New Bedford?
The most affordable neighborhoods in New Bedford are Mount Pleasant, where the average rent goes for $1,512/month, Bolton Street - Osborne Street, where renters pay $1,516/mo on average, and Fish Island, where the average rent goes for $1,516/mo. If you’re looking for other great deals, check out the listings from Maple Street - Cottage Street ($1,516), Monte Park ($1,516), and New Bedford City Center ($1,516), where the asking prices are below the average New Bedford rent of $1,532/mo.
What are the most expensive neighborhoods in New Bedford?
The most expensive neighborhoods in New Bedford are Clifford ($1,589), North End Mill ($1,589) and Pine Hill Acres ($1,589).
What are the most popular neighborhoods in New Bedford?
The most popular neighborhood in New Bedford is New Bedford City Center, where there are 2 verified RENTCafé listings with an average rent of $1,516. Next up is Monte Park, where apartments go for $1,516/month, followed by Rockdale with $1,532 If you’re looking to rent in New Bedford’s most popular neighborhoods, make sure to also check out Westview Park, where renters pay $1,516 on average, and Bolton Street - Osborne Street, where the average monthly rent is $1,516.
New Bedford | Rent Comparison by Neighborhood
Rent in Bolton Street - Osborne Street is 5% lower than in Clifford
Bolton Street - Osborne Street rent is 1% lower than New Bedford average
| Average Rent | $1,516 |
|---|
Clifford rent is 4% higher than New Bedford average
| Average Rent | $1,589 |
|---|
How New Bedford Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,487 | 7% |
| Cambridge | $3,243 | 6% |
| Worcester | $1,513 | 7% |
| Providence | $2,158 | 10% |
| Quincy | $2,317 | 3% |
| Brookline | $2,980 | -1% |
| Lowell | $1,791 | 4% |
| Cranston | $1,482 | 7% |
| Brockton | $1,632 | 2% |
| Fall River | $1,578 | 12% |
| New Bedford | $1,532 | 9% |