Last updated
Average Rent in Banks Square & Rent Trends
Rent prices and market trends across 2 apartment communities in Banks Square, Waltham, MA. Updated daily.
Market Average
$3,408/mo
Lowest Available
$2,645/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
21
available now
Price Cuts This Week in Banks Square
10 listed units across 2 buildings in Banks Square dropped their asking rent in the past 7 days, an average cut of $123/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Cronin's Landing Apartments | Unit 0202, 2 Bedrooms H | $3,625 | $3,460 | $165 |
| Cronin's Landing Apartments | Unit 0729, 2 Bedrooms A | $3,640 | $3,495 | $145 |
| Edison on the Charles Apartments by Windsor | Unit 113 | $4,195 | $4,054 | $141 |
| Cronin's Landing Apartments | Unit 0127, 2 Bedrooms K | $3,805 | $3,675 | $130 |
| Cronin's Landing Apartments | Unit 0558, 2 Bedrooms K | $3,685 | $3,555 | $130 |
| Edison on the Charles Apartments by Windsor | Unit 351 | $4,422 | $4,297 | $125 |
| Cronin's Landing Apartments | Unit 0242, 1 Bedroom P | $2,930 | $2,815 | $115 |
| Cronin's Landing Apartments | Unit 0741, 2 Bedrooms B | $3,440 | $3,335 | $105 |
Banks Square vs Waltham, MA Average
Banks Square is cheaper than the Waltham, MA average by $294/mo (8%). The citywide average is $3,702/mo across all neighborhoods.
Is Rent Going Up or Down in Banks Square?
As of August 2026, the average rent in Banks Square is $3,408 per month across 2 apartment communities and 21 available units.
The most affordable option is Cronin's Landing Apartments starting at $2,645/mo. By unit type, a 1-bedroom averages $3,205/mo, a 2-bedroom averages $3,678/mo.
Prices range from $2,645 to $4,297 per month. The most common price point is the $3,400 range, where 7 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Banks Square
Rent Prices by Apartment in Banks Square
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Cronin's Landing Apartments | $2,645/mo | $3,225/mo | 12 | 4.6 |
| Edison on the Charles Apartments by Windsor | $3,389/mo | $3,651/mo | 9 | 4.4 |
Frequently Asked Questions About Rent in Banks Square
What is the average rent in Banks Square?
Is rent going up or down in Banks Square?
What is the cheapest apartment in Banks Square?
How much is a 1-bedroom apartment in Banks Square?
How many apartments are available 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
$136,000/year
Based on the 30 percent rule, using our tracked average rent of $3,408/mo.
Comfortable income
$164,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,645/mo), you need to earn at least $106,000/year.
Cost of living in Banks Square
We only have live rent data for Banks Square so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,408 |
| Estimated total | $3,408/mo |
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 are refreshed annually.
Google Search Trends for Banks Square Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Banks Square Apartments
Browse all 2 communities with daily-updated pricing and availability.