Somerville / Medford, MA
August 2026
02143,02144,02145,02155
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,741 – $3,060 | 0.64% | 14.88% |
| 2-Bedroom | $2,975 – $3,322 | -0.91% | 6.15% |
| 3-Bedroom | $3,427 – $3,865 | 0.83% | 5.11% |
| 4-Bedroom | $4,225 – $4,764 | -0.11% | 6.59% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,574 – $2,733 | -4.57% | -1.00% |
| 2-Bedroom | $3,075 – $3,365 | -1.64% | 0.79% |
| 3-Bedroom | $3,562 – $3,937 | -1.46% | 1.21% |
| 4-Bedroom | $4,158 – $4,661 | -1.97% | 3.56% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,946 – $2,046 | -5.12% | -1.02% |
| 2-Bedroom | $2,694 – $2,861 | -0.25% | 1.94% |
| 3-Bedroom | $3,585 – $4,018 | 2.12% | 5.61% |
| 4-Bedroom | $3,952 – $4,430 | -1.53% | 3.13% |
In the Somerville / Medford (02143, 02144, 02145, 02155) rental market, 1-bedroom apartments achieved a median rent of $2,900 for August 2026, reflecting a substantial 14.88% year-over-year increase. Month-over-month, this segment saw a 0.64% gain, highlighting an ongoing upward trend for entry-level apartment units in Somerville / Medford (02143, 02144, 02145, 02155).
Among properties across Somerville / Medford (02143, 02144, 02145, 02155), 2-bedroom condos fell 1.64% month-over-month to $3,220, compared to 2-bedroom apartments at $3,148 which declined 0.91%. This $72 premium gives condos a slight lead, though both segments are trending downward on a monthly basis.
Rising demand for larger units is shaping Somerville / Medford (02143, 02144, 02145, 02155) rental trends as 3-bedroom single-family homes reached $3,801, up 2.12% from the prior month and 5.61% year-over-year. This segment’s monthly growth outpaces gains among 3-bedroom apartments and condos in the area.