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Rental Market Trends in Needham, MA

What is the average rent in Needham, MA?

$2,646/month

Average Rent

886 Sq Ft

Average Apartment Size

-3.5%

Decrease in the Last Year

As of October 2025, the average rent in Needham, MA is $2,646 per month. This is 62% higher than the national average rent price of $1,630/month, making Needham one of the most expensive cities in the US. When you rent an apartment in Needham, you can expect to pay about $5,038 per month for a studio, $2,646 for a one-bedroom apartment, and around $3,828 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,898 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$5,038/month
934 Sq Ft
One Bedroom
$2,646/month
886 Sq Ft
Two Bedroom
$3,828/month
1,261 Sq Ft
Three Bedroom
$4,898/month
1,557 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$4,658/month
1,839 Sq Ft
Four Bedroom
$7,821/month
3,041 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$3,093/month
2,355 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,980/month
1,384 Sq Ft

How much has average rent changed in Needham, MA?

In the past year, rent has decreased by 3.5%, which averages out to $92 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Needham, MA?

Because the average rent in Needham is $2,646, you’ll want to make about $8,820 per month or $105,840 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Needham, MA

275 Available Apartments for Rent

Search for Nearby Apartments

How does Needham, MA compare to other nearby cities and neighborhoods?

Use the tool below to compare Needham, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Needham, MA

Apartment Averages

Nearby City Rent Trends

  • Wellesley Average Rent
  • Newton Highlands Average Rent
  • Newton Average Rent
  • Auburndale Average Rent

Apartment communities in Needham we think you'll love

Charles River Landing

Charles River Landing

300 2nd Ave,
Needham, MA 02494

$2,346 - $4,012 Total Monthly Price

1-2 Beds

The Kendrick

The Kendrick

275 2nd Ave,
Needham, MA 02494

$2,735 - $6,020 Plus Fees

Studio - 3 Beds

The Nines

The Nines

40 William St,
Wellesley, MA 02481

$2,963 - $18,652 Total Monthly Price

Studio - 3 Beds

The Aven at Newton Highlands

The Aven at Newton Highlands

99 Needham St,
Newton, MA 02461

$2,645 - $5,916 Total Monthly Price

Studio - 3 Beds

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United States Massachusetts Needham Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity