Cheap Apartments for Rent in Medford, MA from $800 (248 Rentals)

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Search the lowest-cost Apartments available for rent right now in Medford.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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LOCUST STREET
2 Bedroom Apartments

LOCUST STREET

27 Locust StMedford, MA 02155

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 70 Park St

70 Park St

SomervilleMA02143

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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Medford, MA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Medford, MA

Pricing Updated: 07/02/2025

Current apartment rentals in the Medford, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Medford Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Wellington Medford$5,995$1,80067
North Medford$6,995$1,69520

Cheapest Available Medford Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700
The Charlestown - Senior Residences 62+1 Bed, 1 bath1BR,1BA$1,700

Best Value Apartments for Rent in Medford, MA

As of July 02, 2025 the best value apartment in the Medford area is the $0.17 price per square foot 454 Main St Model at 454 Main St, Unit #1 in the in the Hammersmith Village neighborhood starting from $1,650. The second greatest value Medford apartment is the 119 Myrtle St Model at 119 Myrtle St, Unit #1 starting at $1,750 with a $0.18 price per square foot in the Hammersmith Village neighborhood. Here is today’s list of the best values for Medford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
454 Main St, Unit #1454 Main St1BR,1BA$0.17
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
96 Winthrop St, Unit 196 Winthrop St1BR,1BA$0.18
54 West St, Unit #1954 West St1BR,1BA$0.18
3 Forest St, Unit #2023 Forest St1BR,1BA$0.18
15 Prentiss St, Unit 315 Prentiss StStudio ,1BA$0.20
61 Exchange St, Unit 861 Exchange St1BR,1BA$0.20
69 Washington St, Unit #1869 Washington St1BR,1BA$0.20
7 Shawmut Ter, Unit #17 Shawmut Ter1BR,1BA$0.20
55 Forest Ave, Unit 2R55 Forest Ave1BR,1BA$0.21

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Medford Overview

Medford, MA is located just a few miles to the northwest of Boston. In fact, Medford may just be the most popular of that metro's suburbs for those who want to be close to the city but enjoy a more suburban and even, in some places, rural lifestyle. That's because those living in Medford apartments and homes are often just blocks away from fantastic outdoor havens like Middlesex Fells Reservation. This city is also renowned for being home to the prestigious Tufts University and premier arts avenues like Chevalier Theatre.á

Why live in Medford, MA?

Medford apartments and homes are quite possibly the best places to live for those individuals who love the outdoors but also want to be close to city amenities for work and play. That's because, while downtown Medford, MA is less than five miles from downtown Boston (yes, really!), it's also mere minutes from some of the area's greatest outdoor spaces. Just a few blocks north of downtown Medford, MA is the incredible Middlesex Fells Reservation, a verifiable natural haven that features thousands of acres of hiking and biking trails, swimming lakes, and much more.á

Best Local Schools in
Medford, MA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Medford, MA Rentals by Map

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See the most popular apartments and homes in Medford, MA

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Getting Around Medford, MA

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Medford Apartments

What is the Cheapest Studio apartment in Medford?

Currently the most affordable Cheap Studio Apartment in Medford is at Parkwood Apartments listed at $1,700.

How much is rent for a Cheap One Bedroom Medford Apartment?

The lowest price for a Cheap One Bedroom Medford Apartment is $1,700 at The Charlestown - Senior Residences 62+.

What is the most affordable Medford Three Bedroom Apartment?

The best deal on a cheap Medford Three Bedroom Apartment rental is at Apartments in Everett, Malden & Chelsea and starts from $2,700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.