City Report · MA

Concord

·17th most expensive in Massachusetts·One of the pricier rental markets in the US
Median rent (all units)
$3,122/mo
Year-over-Year
Stable
Month-over-Month
+2.2%
vs US Median
+$1,190
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Concord · $3,122
More expensive than 93% of US cities · National median $1,932/mo
Affordability
52% of income
EXPENSIVE
0%30% benchmark60%+

At $3,122/mo, rent takes about 52% of the US median household income, well above the 30% benchmark.

Income to afford
$125,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Concord's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,780
1 BR
$2,940
2 BR
$3,480
3 BR
$4,190
4 BR+
$4,610
Fair Market Rent (HUD)
$3,480/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,122 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

Annual cost
$37,464/yr
At $3,122/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.2% MoM), not inventory.
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View Concord rent history (2015–2026) →
Salary vs rent

Can you afford rent in Concord on your salary?

At $3,122/mo, how Concord rent compares to typical pay (30% rule).

By apartment size

Concord rent by bedroom count

Median rent for each apartment size in Concord. Click any size for full breakdown.

Local insights

Tips for renters in Concord

About renting in Concord, MA

Last updated: October 17, 2026

The median rent in Concord is $3,122/mo as of October 2026. A studio apartment averages $2,780/mo while a 2-bedroom runs $3,480/mo. One-bedroom apartments average $2,940/mo and 3-bedroom units go for $4,190/mo.

At 52% of estimated US median household income ($72,000/yr), Concord ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Concord?

To keep rent at or below 30% of gross income, you would need to earn at least $125,000/year (about $60/hour full-time) to afford the median rent of $3,122/mo in Concord.

Is rent going up or down in Concord?

Rent in Concord has been roughly flat over the past year, a 0.0% change.

How does Concord rent compare to other cities in Massachusetts?

Concord is one of the pricier among Massachusetts cities for rent, ranking #17 of 107 tracked cities at $3,122/mo.

Which nearby cities are cheaper to rent in than Concord?

Nearby cities with lower median rent than Concord ($3,122/mo) include Acton ($2,431/mo), Maynard ($2,453/mo), and Billerica ($2,751/mo).
Income Affordability
52%
EXPENSIVE

At $3,122/mo, rent takes ~52% of US median household income ($72,000/yr). The standard benchmark is 30%.

Concord 52%Benchmark 30%
State income tax5%
Run the Concord affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Concord, MA

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