Last updated September 24, 2026

Average Rent in Banks Square & Rent Trends

Rent prices and market trends across 2 apartment communities in Banks Square, Waltham, MA. Updated daily.

Area All Areas Banks Square Newton Corner North Waltham The Highlands

Arlington 02474

Lexington 02421

Watertown 02472

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$3,319/mo

Lowest Available

$2,775/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Banks Square

16 listed units across 2 buildings in Banks Square dropped their asking rent in the past 7 days, an average cut of $65/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Edison on the Charles Apartments by Windsor	Unit 113, B2	$3,812	$3,724	$88
Edison on the Charles Apartments by Windsor	Unit 213, B2	$3,807	$3,719	$88
Cronin's Landing Apartments	Unit 0267, 2 Bedrooms R	$3,580	$3,495	$85
Edison on the Charles Apartments by Windsor	Unit 351, B4a	$4,174	$4,093	$81
Cronin's Landing Apartments	Unit 0127, 2 Bedrooms K	$3,515	$3,440	$75
Cronin's Landing Apartments	Unit 0202, 2 Bedrooms H	$3,285	$3,210	$75
Cronin's Landing Apartments	Unit 0518, 2 Bedrooms U	$3,430	$3,355	$75
Cronin's Landing Apartments	Unit 0558, 2 Bedrooms K	$3,395	$3,320	$75

See today's prices on all 27 listed units

Banks Square vs Waltham, MA Average

Banks Square is cheaper than the Waltham, MA average by $229/mo (6%). The citywide average is $3,548/mo across all neighborhoods.

Is Rent Going Up or Down in Banks Square?

As of September 2026, the average rent in Banks Square is $3,319 per month across 2 apartment communities and 27 available units.

The most affordable option is Cronin's Landing Apartments starting at $2,775/mo. By unit type, a 1-bedroom averages $3,147/mo, a 2-bedroom averages $3,534/mo.

Prices range from $2,775 to $4,093 per month. The most common price point is the $3,200 range, where 8 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Banks Square

1 Bed

$3,147

from $2,775 · 15 units

2 Bed

$3,534

from $3,210 · 12 units

Rent Prices by Apartment in Banks Square

Property	Starting at	Average	Units	Rating
Cronin's Landing Apartments	$2,775/mo	$3,217/mo	11	4.6
Edison on the Charles Apartments by Windsor	$3,125/mo	$3,389/mo	16	4.4

Frequently Asked Questions About Rent in Banks Square

What is the average rent in Banks Square?

The average rent in Banks Square is $3,319 per month as of September 2026, based on 27 units across 2 apartment communities.

Is rent going up or down in Banks Square?

The current average rent in Banks Square is $3,319/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Banks Square?

The most affordable apartment in Banks Square is Cronin's Landing Apartments with units starting at $2,775/mo.

How much is a 1-bedroom apartment in Banks Square?

A 1-bedroom apartment in Banks Square averages $3,147/mo, with prices starting at $2,775/mo across 15 available units.

How many apartments are available in Banks Square?

There are 27 units available across 2 apartment communities in Banks Square.

What salary do I need to live comfortably in Banks Square?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$133,000/year

Based on the 30 percent rule, using our tracked average rent of $3,319/mo.

Comfortable income

$159,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($2,775/mo), you need to earn at least $111,000/year.

Median household income in Banks Square is $116,560 , about 27% below the comfortable-living threshold.

Cost of living in Banks Square

Overall prices in Banks Square runs above the national average by about 10% (BEA Regional Price Parity index 110.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Banks Square's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$3,319	daily refresh
Utilities	$637	BLS × BEA RPP
Groceries	$544	BLS × BEA RPP
Transportation	$1,520	BLS × BEA RPP
Healthcare	$741	BLS × BEA RPP
Other goods and services	$1,186	BLS × BEA RPP
Estimated total	$7,947/mo	$95,370/year

Population

64,723

Median household income

$116,560

Census median rent

$2,232/mo

Census rent burden

27.4%

Median age

35.1

Mean commute

25 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Massachusetts Rent Trends

Compare rent across all Massachusetts cities

Waltham, MA Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Waltham, MA on Map

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US-wide rent comparison

See how Waltham, MA rents stack up against the national median