7 Apartments under 1400 for rent in Framingham, MA

Last updated August 18 at 1:55pm UTC
Results within 5 miles of Framingham, MA
50 Alden St.
, MA
Updated July 25 at 3:12am UTC
Studio
$900
Results within 10 miles of Framingham, MA
13 Percival Street
Downtown Maynard
Maynard, MA
Updated August 17 at 10:06am UTC
1 Bedroom
$1,200
Sudbury Court
Downtown Maynard
Maynard, MA
Updated August 5 at 7:17am UTC
3 Bedrooms
$1,250

August 2018 Framingham Rent Report

Welcome to the August 2018 Framingham Rent Report. Framingham rents increased over the past month. In this report, we'll evaluate trends in the Framingham rental market, including comparisons to cities throughout the metro, state, and nation.

View full Framingham Rent Report
Rent Report
Framingham

August 2018 Framingham Rent Report

Welcome to the August 2018 Framingham Rent Report. Framingham rents increased over the past month. In this report, we'll evaluate trends in the Framingham rental market, including comparisons to cities throughout the metro, state, and nation.

Framingham rents increase sharply over the past month

Framingham rents have increased 1.5% over the past month, and have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Framingham stand at $1,510 for a one-bedroom apartment and $1,870 for a two-bedroom. Framingham's year-over-year rent growth leads the state and national averages, which both stand at 1.2%.

Rents rising across the Boston Metro

Throughout the past year, rent increases have been occurring not just in the city of Framingham, but across the entire metro. Of the largest 10 cities that we have data for in the Boston metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Haverhill has seen the fastest rent growth in the metro, with a year-over-year increase of 4.6%. The median two-bedroom there costs $1,520, while one-bedrooms go for $1,220.
  • Over the past year, Lowell has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,530, while one-bedrooms go for $1,230.
  • Newton has the most expensive rents of the largest cities in the Boston metro, with a two-bedroom median of $2,330; rents increased 0.1% over the past month and 2.0% over the past year.

Many large cities nationwide show more affordable rents compared to Framingham

As rents have increased slightly in Framingham, other large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Framingham is less affordable for renters.

  • Framingham's median two-bedroom rent of $1,870 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.3% increase in Framingham.
  • While Framingham's rents rose slightly over the past year, many cities nationwide saw decreases, including Seattle (-2.4%), Chicago (-1.8%), and Baltimore (-1.6%).
  • Renters will generally find more expensive prices in Framingham than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Framingham is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Boston $1,690 $2,100 0.4% 0.5%
Lowell $1,230 $1,530 0.7% -1.3%
Cambridge $1,820 $2,250 0.1% 0.7%
Brockton $1,320 $1,640 0.4% -0.5%
Quincy $1,510 $1,870 0.3% 0.9%
Newton $1,880 $2,330 0.1% 2.0%
Lawrence $1,360 $1,690 -0.1% 1.9%
Somerville $1,690 $2,100 0.3% 0.1%
Framingham $1,510 $1,870 1.5% 1.3%
Haverhill $1,220 $1,520 -0.3% 4.6%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.