The Kendrick
275 2nd Ave,
Needham, MA 02494
Studio - 3 Beds | $2,503 - $7,440
Rental Market Trends in Needham, MA
Updated August 2026
The average rent in Needham, MA is $2,834/month.
Rent in Needham is 70% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,834/month
Average Rent
888 Sq Ft
Average Size
+5.3%
Change / Year
196
Available Apartments
Needham rent varies by unit size and layout:
- Studio apartments in Needham average $5,391 per month.
- One-bedroom apartments in Needham average $2,834 per month.
- Two-bedroom apartments in Needham average $4,007 per month.
- Three-bedroom apartments in Needham average $5,148 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Needham, MA?
In the past year, rent has increased by 5.3%, which averages out to $150 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Needham, MA
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Needham, MA?
Because the average rent in Needham is $2,834, you’ll want to make about $9,446 per month or $113,352 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.
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.
View the Needham Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Wellesley
Avg Rent: $3,690/month
-
Newton Highlands
Avg Rent: $2,113/month
-
Newton
Avg Rent: $3,070/month
-
Newton Lower Falls
Avg Rent: $1,878/month
-
Dover
Avg Rent: $3,375/month
-
Newton Center
Avg Rent: $2,377/month
-
Auburndale
Avg Rent: $1,944/month
-
Dedham
Avg Rent: $2,781/month
Apartment Communities in Needham We Think You'll Love
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Frequently Asked Questions
What is the average rent in Needham?
The average rent in Needham is $2,834 per month, which is 70.3% higher than the national average of $1,664.
What is the average rent for a house in Needham?
The average rent for a house in Needham, MA is $3,974 per month.
What is the average rent for a condo in Needham?
The average rent for a condo in Needham, MA is $2,658 per month.
Are rents going up or down in Needham?
Rents in Needham, MA are increasing, with prices up 5.3% year-over-year and $150 more per month.
What rent range is most common in Needham?
In Needham, MA, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.