3 Apartments under 1200 for rent in Malden, MA

Last updated August 14 at 10:34pm UTC
Results within 5 miles of Malden, MA
7 Marcella St #parking
Wellington - Harrington
Cambridge, MA
Updated August 14 at 2:19pm UTC
Studio
$150
365 Beacon St
Back Bay
Boston, MA
Updated August 6 at 6:09am UTC
1 Bedroom
$1,050
Results within 10 miles of Malden, MA
15 Hurd Rd
Cushing Square
Belmont, MA
Updated August 14 at 10:34pm UTC
5 Bedrooms
$995

August 2018 Malden Rent Report

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

View full Malden Rent Report
Rent Report
Malden

August 2018 Malden Rent Report

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

Malden rents increase sharply over the past month

Malden rents have increased 0.6% over the past month, and have increased moderately by 2.3% in comparison to the same time last year. Currently, median rents in Malden stand at $1,450 for a one-bedroom apartment and $1,800 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in March. Malden'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 Malden, 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 were up 0.1% over the past month and 2.0% over the past year.

Many large cities nationwide show more affordable rents compared to Malden

As rents have increased moderately in Malden, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Malden is less affordable for renters.

  • Malden's median two-bedroom rent of $1,800 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.3% increase in Malden.
  • While Malden's rents rose moderately 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 Malden than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Malden 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%
See more

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.