Rental market snapshot for New Bedford, Massachusetts

New Bedford, Massachusetts Rental Property Market Overview

New Bedford, Massachusetts is a city located in the southeastern part of the state. It is the sixth-largest city in Massachusetts, with a population of 100,941 as of 2021, according to the US Census. It is a major fishing port, with a long history of whaling and commercial fishing. The city is also home to a vibrant arts and culture scene, with numerous galleries, museums, and performing arts venues. New Bedford is also known for its diverse population, with a large Portuguese-American community and a growing Latino population.

The average rent for an apartment in New Bedford is $1,535. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.6% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in New Bedford Massachusetts | Cost of Living

  • The most expensive ZIP Code in New Bedford is 02740 with an average price of $1,885
  • The cheapest ZIP Code in New Bedford is 02746 with an average price of $1,150

New Bedford ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
102740$1,885
202746$1,835
302744$1,550

Live near New Bedford, Massachusetts's Top Sights and Attractions

Harrington Park is a picturesque public park located on the banks of a river. It features a variety of outdoor activities, including walking trails, picnic areas, playgrounds, and a boat launch. The park also boasts a large pond, which is home to a variety of wildlife, including ducks, geese, and swans. Visitors can also enjoy fishing, kayaking, and canoeing in the pond. The park is surrounded by lush trees and shrubs, providing a tranquil and peaceful atmosphere.

New Bedford Whaling National Historical Park is a historic site that celebrates the city's past as a whaling port. Visitors can explore the cobblestone streets, visit the whaling museum, and take a tour of the historic waterfront. The park also features a variety of educational programs, including whale-watching cruises, lectures, and interactive exhibits. The park also includes a variety of historic buildings, including the Seamen's Bethel, the New Bedford Custom House, and the New Bedford Whaling Museum.

Buttonwood Park is a sprawling public park located on the south coast of Massachusetts. It features a variety of outdoor activities, including walking trails, a playground, a pond, and a picnic area. The park also has a large open field, perfect for playing sports or flying kites. There is also a small zoo, with a variety of animals, including deer, foxes, and birds. The park is a great place to spend a day outdoors, with plenty of activities to keep everyone entertained.

Brooklawn Park is a scenic outdoor area located in the heart of a bustling city. It features a large pond, walking trails, and plenty of green space for picnicking and relaxing. The park is also home to a variety of wildlife, including ducks, geese, and other birds. There are also several playgrounds and sports fields for children and adults to enjoy. The park is a great place to take a break from the hustle and bustle of the city and enjoy some fresh air and nature.

State Pier is a historic waterfront attraction located in a bustling port city. Visitors can take in the sights of the harbor, including the many fishing boats, and explore the pier's many shops and restaurants. There is also a boardwalk, which offers stunning views of the ocean and the city skyline. The pier is also home to a variety of festivals and events throughout the year, including a summer concert series.

Fort Rodman Park is a historic fort located on the banks of the Acushnet River in Massachusetts. It was built in the mid-1800s to protect the city from naval attacks. The fort is now a public park and is open to visitors year-round. The park features a variety of attractions, including a museum, a walking trail, a picnic area, and a playground. Visitors can also explore the fort's old gun emplacements and learn about its history. The park is also home to a variety of wildlife, including birds, turtles, and fish.

West Beach Public Bathing Area is a popular beach destination located on the southern coast of Massachusetts. It is a great spot for swimming, sunbathing, and beach activities. The beach is lined with white sand and offers stunning views of the ocean. There is a boardwalk that runs along the beach, perfect for taking a leisurely stroll. The beach also has a snack bar and restrooms for visitors.

Marine Park is a waterfront park located on the south coast of Massachusetts. It features a boardwalk, a beach, a playground, and a fishing pier. Visitors can enjoy a variety of activities such as swimming, fishing, kayaking, and bird watching. The park also has a picnic area and a pavilion for special events. The park is a great spot to take in the stunning views of the ocean and the surrounding area.

Clarks Cove is a picturesque waterfront area located on the south coast of Massachusetts. It is a popular spot for fishing, boating, and swimming, and offers stunning views of the Atlantic Ocean. The cove is surrounded by a variety of wildlife, including seabirds, seals, and whales. Visitors can also explore the nearby beaches and trails, or take a stroll along the boardwalk. With its beautiful scenery and abundance of activities, Clarks Cove is a great destination for a day trip or weekend getaway.

Riverside Park is a scenic waterfront park located along the Acushnet River in southeastern Massachusetts. It features a variety of recreational activities, including walking and biking trails, fishing, and a playground. The park also has a picnic area, a boat launch, and a beach. There are also several monuments and memorials located throughout the park, honoring the city's military veterans.

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New Bedford, Massachusetts area median rent change by ZIP Code map

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How does New Bedford compare to other cities in Massachusetts ?

citymedian price
Newton$2,950
Somerville$3,100
Dorchester Center$2,650
Gloucester$2,400
Whitman$2,000
Lakeville$1,800
Mattapan$2,150

Average household income in New Bedford area graph - US Census

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The median household income in New Bedford in 2021 was $48,999. This represents a 30.7% change from 2011 when the median was $37,493.

#categorypercent
0Less than $10,0008.5%
1$10,000 to $14,9997.8%
2$15,000 to $19,9996.1%
3$20,000 to $24,9995.6%
4$25,000 to $29,9995.1%
5$30,000 to $34,9995.0%
6$35,000 to $39,9994.5%
7$40,000 to $44,9994.2%
8$45,000 to $49,9994.3%
9$50,000 to $59,9997.1%
10$60,000 to $74,9998.9%
11$75,000 to $99,99913.0%
12$100,000 to $124,9997.9%
13$125,000 to $149,9995.3%
14$150,000 to $199,9994.6%
15$200,000 or more2.2%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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