$6,550 Per Month
- 5 Beds
- 2.5 Baths
- 2,220 Sq Ft
- House for Rent
57 Yale St Unit 57, Medford, MA 02155
57 Yale St Unit 57, Medford, MA 02155
Frequently Asked Questions
How much does it cost to rent a single-family home in Medford, MA?
The median rent for a single-family home in Medford, MA is $4,100 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Medford, MA?
To comfortably afford the median rent in Medford, MA, a household needs to earn roughly $146,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,672 per month in Medford, MA, renters typically need to show $11,016 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Medford, MA?
In Medford, MA, the price-to-rent ratio is 18.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Medford, MA are best for renting a single-family home?
The best neighborhood for renting in Medford, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include West Medford, Medford Hillside, North Medford, South Medford and East Arlington, each with its own character and price range.
