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Typical Rent in 02740 — New Bedford, MA
The typical 1-bedroom rent in 02740 (New Bedford, MA) is $1,180/month as of 2026, based on 4 data sources. Rents have risen 5.4% year over year, so an increase above 5.4% exceeds the local market trend. Studio: $1,160. 2-bedroom: $1,470.
Rents in New Bedford have changed approximately +1.6% – +10.9% over the past year based on local market data. A rent increase above 10.9% is above the local market trend.
Fair Market Rent · 1-Bedroom
$1,180/mo
Source: HUD Fair Market Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 02740 (New Bedford, MA) is $1,180 for FY2026.
Rents in 02740 have increased 5.4% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in New Bedford (02740) is approximately 5.4% for 2026. The typical 1-bedroom rent is $1,180/month. Any increase significantly above 5.4% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 02740 (New Bedford)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 02740 (New Bedford) typically rents for $1,160 – $1,334.
Rents above $1,534 are in the top 25% for this area.
A 1-bedroom in 02740 (New Bedford) typically rents for $1,180 – $1,357.
Rents above $1,561 are in the top 25% for this area.
A 2-bedroom in 02740 (New Bedford) typically rents for $1,470 – $1,690.
Rents above $1,943 are in the top 25% for this area.
A 3-bedroom in 02740 (New Bedford) typically rents for $1,760 – $2,024.
Rents above $2,328 are in the top 25% for this area.
A 4-bedroom in 02740 (New Bedford) typically rents for $2,200 – $2,530.
Rents above $2,910 are in the top 25% for this area.
Current Asking Rents in 02740
Average Asking Rent
$2,036/mo
Typical Asking Rent
$1,975/mo
Range
$800 – $3,695
Active Listings
144
These are current asking rents from active listings in 02740. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
Rent Increase Laws in Massachusetts →
▶Full market data
Rent Trends in New Bedford, MA
+5.4%
Rents in 02740 (New Bedford) are rising at +5.4% year-over-year.
− Estimated trend
Market sources range from +1.6% to +10.9%
Why the range? Zillow ZORI tracks what landlords are asking for units (+10.9%), while Apartment List tracks what renters actually sign leases at (+1.6%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in 02740 (New Bedford) right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 02740
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the New Bedford, MA HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $1,160 |
| 1-Bedroom | $1,180 |
| 2-Bedroom | $1,470 |
| 3-Bedroom | $1,760 |
| 4-Bedroom | $2,200 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 02740
What is the average 1-bedroom rent in 02740?
The typical 1-bedroom rent in 02740 (New Bedford, MA) is $1,180/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,160 and 2-bedroom rent at $1,470.
What is a fair rent increase in 02740?
A rent increase up to about 5.4% is in line with the recent local market trend in 02740. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 02740?
Rents in 02740 have risen 5.4% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 02740?
On this page, studio rent in 02740 is $1,160/month and 2-bedroom rent is $1,470/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 02740 ($1,180/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in New Bedford, MA
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →