New Bedford, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the New Bedford, Massachusetts rental market.
New Bedford, Massachusetts
Average Apartment Rent
$2,095
Y-o-Y Change in Average
Apartment Rent
1.9%
As of May 2026
Compared to a year ago, New Bedford, Massachusetts apartments have recorded a 1.9% rent increase.
New Bedford, Massachusetts Average apartment rent trend
New Bedford, Massachusetts Average Apartment Rent
New Bedford, Massachusetts Apartment rent ranges
At 64.01%, apartments priced $2,000 - $2,500 represent the bulk of New Bedford, Massachusetts rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.09%.
New Bedford, Massachusetts Housing tenure**
Renters take up 60% of New Bedford, Massachusetts real estate, occupying a total of 25,078 units, while homeowners live in 16,644 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$40,916
Average household size of renter-occupied housing units**
2.22
Rental vacancy rate**
3.3%
New Bedford, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 8,637 rentals in New Bedford, Massachusetts with 2 beds making up the highest share of the market, at 34%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 354 units. Overall, the median number of rooms in New Bedford, Massachusetts homes for rent is 4.7.
New Bedford, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in New Bedford, Massachusetts are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
New Bedford, Massachusetts Renter-occupied housing units by family type**
New Bedford, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 12,632 apartments for rent in New Bedford, Massachusetts, or 50% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 7,887 units. All in all, the median size of a renter-occupied household in New Bedford, Massachusetts is 2.22.
New Bedford, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in New Bedford, Massachusetts.
New Bedford, Massachusetts Renter-occupied units by year structure built**
The highest share of New Bedford, Massachusetts apartment rentals, namely 52% or 13,010 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (11%, 2,700 units), and the ones Built 1950 - 1959 (10%, 2,460 units).
New Bedford, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most New Bedford, Massachusetts renters (45%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their New Bedford, Massachusetts condos for rent is 2015.
New Bedford, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of New Bedford, Massachusetts renters have 1 vehicle available per household, 26% of them have No vehicle available, and 20% have 2 vehicles available.
New Bedford, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
New Bedford, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Bedford, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
