Average Rent in Boston, MA

Home  »  MA  »  Boston

Current Versus Historical Boston, MA Rents

Boston rentals average $2,999 for a studio rental to $4,660 for a 4-bedroom rental. The median price of all currently available listings is $3,689, or roughly $5 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $801 (36.84%) year-over-year from $2,173 to $2,974. 1-bedroom rentals prices have increased by $1,019 (37.29%) year-over-year from $2,733 to $3,752. 2-bedroom rentals prices have increased by $1,202 (36.43%) year-over-year from $3,298 to $4,500. 3-bedroom rentals prices have increased by $50 (1.47%) year-over-year from $3,400 to $3,450. 4-bedroom rentals prices have decreased by $171 (-3.91%) year-over-year from $4,371 to $4,200. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 14.58% this month. 1-bedroom rents have gone up by 20.36% this month. 2-bedroom rents have gone up by 19.47% this month. 3-bedroom rents have gone down by 2.82% this month. 4-bedroom rents have gone down by 11.89% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.03 $2,974 $2,173 (36.84%) $2,216 (34.20%)
1 BR $5.03 $3,752 $2,733 (37.29%) $2,212 (69.65%)
2 BR $4.37 $4,500 $3,298 (36.43%) $2,650 (69.81%)
3 BR $4.20 $3,450 $3,400 (1.47%) $3,017 (14.36%)
4+ BR $3.71 $4,200 $4,371 (-3.91%) $3,975 (5.66%)

Historical Rents in Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Boston

There are a total of 2 cities nearby Boston. The average rent in Boston is currently $2,994 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,584, is the most affordable city nearby. In contrast, the most expensive city near Boston, MA is Cambridge, MA. Monthly rents here are on average $3,405 per month.

Let's compare Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Boston, MA is 26.52% more expensive than other cities nearby. One bedrooms are about 25.11% more expensive. Two bedrooms in Boston, MA are about 27.83% more expensive. Finally, rent for three bedrooms are about 14.10% more expensive. Want more information? Check out the top 2 cities near Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,225 $2,700 $2,584
Cambridge, MA $2,858 $3,063 $3,752 $3,405

Top Neighborhoods Near Boston

There are a total of 8 neighborhoods in or near Boston. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 8 neighborhoods in or near Boston, MA in the following chart.

The average rent for these 8 neighborhoods in or near Boston, MA is currently around $3,703 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $3,703. Interestingly, the neighborhoods' average rent is higher than Boston's average rent, which is only $3,689. Out of all the neighborhoods in or near Boston, North Cambridge has the most affordable average rent at $3,085 per month. Whereas, at $4,162 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near Boston. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,949 $3,547 $3,085
South End, Boston, MA $2,974 $3,530 $4,737 $3,545
East Cambridge, Cambridge, MA $3,000 $3,330 $4,335 $3,637
Downtown Boston, Boston, MA $2,820 $3,350 $4,365 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,670 $5,011 $3,755
D Street - West Broadway, Boston, MA $3,245 $3,738 $4,915 $4,000
Kendall Square, Cambridge, MA $3,123 $4,005 $4,658 $4,046
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,117 $4,864 $4,162

Top Counties Near Boston

There are a total of 8 counties located by Boston, MA. Some of these counties include Chelsea, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,405. That's roughly around $4 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $3,689, Boston, MA is the most expensive county by Boston, MA.

Typically, rent for studios in Boston, MA is 4.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Boston, MA is 13.24% more expensive than other counties nearby. Finally, rent for two bedrooms in Boston, MA is 16.06% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,225 $2,700 $2,584
Cambridge, MA $2,858 $3,063 $3,752 $3,405
Boston, MA $2,999 $3,530 $4,470 $3,689

Top Zipcodes Near Boston

There are a total of 13 zipcodes in or near Boston, MA. The average rent for all of these zipcodes is $3,533. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,085 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,820. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Boston, MA is $3,395 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,378 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02114, Boston, MA $2,820 $3,395 $4,413 $3,695
02210, Boston, MA $3,199 $3,735 $4,958 $3,980
02118, Boston, MA $2,974 $3,530 $4,760 $3,590
02215, Boston, MA $2,660 $4,107 $4,864 $4,081
02116, Boston, MA $2,885 $3,545 $4,896 $3,705
02135, Boston, MA $2,573 $3,099 $3,150 $3,300
02142, Cambridge, MA $3,000 $3,923 $4,349 $4,085
02138, Cambridge, MA $2,515 $2,726 $3,571 $2,890
02134, Boston, MA $3,199 $2,810 $3,768 $3,434
02140, Cambridge, MA $2,640 $2,944 $3,547 $3,121

Frequently Asked Questions - Boston Average Rents

What is the average rent price in Boston, MA?
The average monthly rental price for Boston, MA apartments for rent is approximately $3,689. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Boston, MA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Boston, MA.
How much is a studio apartment in Boston, MA?
The average monthly rental price for studio apartments is $2,999 and an average price per square feet of $6.03. There are a total of 165 studio apartment listings currently available for rent in Boston.
How much is a one bedroom apartment in Boston, MA?
The average monthly rental price for one bedroom apartments is $3,530 and an average price per square feet of $5.03. There are a total of 565 one bedroom apartment listings currently available for rent in Boston.
How much is a two bedroom apartment in Boston, MA?
The average monthly rental price for two bedroom apartments is $4,470 and an average price per square feet of $4.37. There are a total of 377 two bedroom apartment listings currently available for rent in Boston.
How have rent prices in Boston, MA changed this year?
Rent prices for rentals in Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.37%, one bedroom rental prices have changed by 0.37%, two bedroom rental prices have changed by 0.36%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in Boston, MA?
A reasonable rent price in Boston, MA is around $2,951/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast