Average Rent in Massachusetts

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Current Versus Historical Massachusetts Rents

Massachusetts rentals average $2,888 for a studio rental to $4,750 for a 4-bedroom rental. The median price of all currently available listings is $3,459, or roughly $4 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 $675 (35.50%) year-over-year from $1,900 to $2,575. 1-bedroom rentals prices have increased by $739 (31.08%) year-over-year from $2,379 to $3,119. 2-bedroom rentals prices have increased by $686 (24.38%) year-over-year from $2,814 to $3,500. 3-bedroom rentals prices have increased by $233 (6.93%) year-over-year from $3,367 to $3,600. 4-bedroom rentals prices have increased by $350 (7.78%) year-over-year from $4,500 to $4,850. 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 14.94% this month. 1-bedroom rents have gone up by 18.15% this month. 2-bedroom rents have gone up by 12.90% this month. 3-bedroom rents have gone up by 1.41% this month. 4-bedroom rents have gone down by 2.35% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.65	$2,575	$1,900 (35.50%)	$2,175 (18.39%)
1 BR	$4.55	$3,119	$2,379 (31.08%)	$2,067 (50.90%)
2 BR	$3.69	$3,500	$2,814 (24.38%)	$2,508 (39.53%)
3 BR	$2.88	$3,600	$3,367 (6.93%)	$3,000 (20.00%)
4+ BR	$3.23	$4,850	$4,500 (7.78%)	$4,050 (19.75%)

Historical Rents in Massachusetts

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Massachusetts

There are a total of 40 cities nearby Massachusetts. The average rent in Massachusetts is currently $3,350 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that Waterbury, CT, with an average rent of $1,500, is the most affordable city nearby. In contrast, the most expensive city near Massachusetts is Westhampton Beach, NY. Monthly rents here are on average $35,000 per month.

Let's compare Massachusetts's rent against other top cities nearby by bedroom size. Typically, rent for studios in Massachusetts is 50.91% more expensive than other cities nearby. One bedrooms are about 27.85% more expensive. Two bedrooms in Massachusetts are about 16.94% more expensive. Finally, rent for three bedrooms are about 7.00% more affordable. Want more information? Check out the top 10 cities out of 40 total cities near Massachusetts in the following chart.

City	Studio	1 Bed	2 Bed	All
Waterbury, CT	$1,150	$1,150	$1,550	$1,500
Hartford, CT	$1,175	$1,250	$1,500	$1,763
Manchester, NH	N/A	$1,649	$2,190	$1,975
Providence, RI	$1,725	$1,890	$1,998	$2,150
New Haven, CT	$1,485	$1,648	$2,300	$2,400
Brookline, MA	$1,943	$2,600	$3,300	$3,400
Cambridge, MA	$2,923	$3,075	$3,785	$3,423
Boston, MA	$2,974	$3,500	$4,415	$3,673
Newport, RI	N/A	$2,300	$3,275	$4,250
Hampton Bays, NY	N/A	$9,700	$16,000	$20,000

Top Neighborhoods Near Massachusetts

There are a total of 77 neighborhoods in or near Massachusetts. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 77 total neighborhoods in or near Massachusetts in the following chart.

The average rent for these 30 neighborhoods in or near Massachusetts is currently around $3,650 per month. A total of 30 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Massachusetts's average rent, which is only $3,459. Out of all the neighborhoods in or near Massachusetts, North Philadelphia West has the most affordable average rent at $1,645 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Massachusetts. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia West, Philadelphia, PA	$975	$1,295	$1,600	$1,645
North Philadelphia East, Philadelphia, PA	$1,200	$1,385	$1,685	$1,663
Center City East, Philadelphia, PA	$1,210	$1,880	$2,500	$1,900
Flatbush, New York, NY	$2,610	$2,995	$3,193	$3,200
West Harlem, New York, NY	$2,650	$2,850	$3,148	$3,400
Harlem, New York, NY	$2,650	$2,925	$3,195	$3,402
East Harlem, New York, NY	$2,975	$3,150	$3,195	$3,426
Washington Heights, New York, NY	$2,350	$2,650	$3,050	$3,495
Bushwick, New York, NY	$2,700	$2,995	$3,400	$3,499
Bedford-Stuyvesant, New York, NY	$2,402	$2,750	$3,395	$3,499
Downtown Boston, Boston, MA	$2,820	$3,377	$4,365	$3,650
Upper East Side, New York, NY	$2,850	$3,250	$4,675	$3,950
D Street - West Broadway, Boston, MA	$3,245	$3,703	$4,832	$4,000
Murray Hill, New York, NY	$3,535	$4,200	$6,200	$4,220
Prospect Heights, New York, NY	$3,612	$4,420	$6,115	$4,300
Financial District, New York, NY	$3,631	$4,512	$6,457	$4,350
Hudson Yards, New York, NY	$3,636	$4,380	$6,993	$4,540
Hell's Kitchen, New York, NY	$3,601	$4,250	$5,886	$4,554
Midtown East, New York, NY	$3,400	$4,400	$5,585	$4,695
Williamsburg, New York, NY	$3,910	$4,650	$4,650	$4,750
East Village, New York, NY	$2,863	$3,600	$4,595	$4,795
West Village, New York, NY	$4,000	$5,450	$7,125	$4,800
Greenwich Village, New York, NY	$4,125	$4,800	$4,988	$4,800
Upper West Side, New York, NY	$3,473	$4,450	$7,054	$4,975
Kips Bay, New York, NY	$3,865	$4,140	$5,425	$5,095
Chelsea, New York, NY	$3,860	$5,498	$7,905	$5,395
NoMad, New York, NY	$4,444	$5,577	$8,506	$5,590
Gramercy Park, New York, NY	$3,815	$5,000	$5,500	$6,285
Midtown, New York, NY	$3,475	$4,400	$6,550	$6,300
Tribeca, New York, NY	$4,788	$5,999	$7,300	$6,700

Top Counties Near Massachusetts

There are a total of 77 counties located by Massachusetts. Some of these counties include Waterbury, CT, Manchester, NH, and New Haven, CT. The average rent for rentals in these counties is $3,625. That's roughly around $3 per sqft. A total of 20 counties have a lower average rent. The county that is the most affordable is Waterbury, CT. It's average rent per month is $1,500. Vice versa, with an average rent of $50,000, East Hampton, NY is the most expensive county by Massachusetts.

Typically, rent for studios in Massachusetts is 52.35% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Massachusetts is 18.61% more expensive than other counties nearby. Finally, rent for two bedrooms in Massachusetts is 12.82% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Waterbury, CT	$1,150	$1,150	$1,550	$1,500
Manchester, NH	N/A	$1,649	$2,190	$1,975
New Haven, CT	$1,485	$1,648	$2,300	$2,400
Brookline, MA	$1,943	$2,600	$3,300	$3,400
Cambridge, MA	$2,923	$3,075	$3,785	$3,423
Boston, MA	$2,974	$3,500	$4,415	$3,673
Newport, RI	N/A	$2,300	$3,275	$4,250
Southold, NY	N/A	$3,500	$8,000	$15,000
Southampton, NY	N/A	$9,500	$24,000	$35,000
East Hampton, NY	N/A	N/A	$27,500	$50,000

Top Zipcodes Near Massachusetts

There are a total of 49 zipcodes in or near Massachusetts. The average rent for all of these zipcodes is $4,200. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19122, Philadelphia, PA at $1,700 per month. In comparison, the zipcode with the most expensive average rent of $6,119 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,240. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Massachusetts is $3,800 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,000 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Massachusetts. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,713	$4,200	$5,763	$4,576
10003, New York, NY	$4,000	$4,750	$5,200	$5,295
10019, New York, NY	$3,626	$4,375	$6,495	$4,850
10009, New York, NY	$2,843	$3,695	$4,595	$4,750
10128, New York, NY	$3,000	$3,800	$5,359	$4,200
10038, New York, NY	$3,620	$4,500	$6,388	$4,500
10022, New York, NY	$3,400	$4,543	$5,000	$4,683
10005, New York, NY	$3,675	$4,583	$6,540	$4,334
10011, New York, NY	$3,750	$5,500	$6,873	$4,595
10010, New York, NY	$4,050	$4,860	$5,315	$5,416

Frequently Asked Questions - Massachusetts Average Rents

What is the average rent price in Massachusetts?

The average monthly rental price for Massachusetts apartments for rent is approximately $3,459. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Massachusetts 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 Massachusetts.

How much is a studio apartment in Massachusetts?

The average monthly rental price for studio apartments is $2,888 and an average price per square feet of $5.65. There are a total of 238 studio apartment listings currently available for rent in Massachusetts.

How much is a one bedroom apartment in Massachusetts?

The average monthly rental price for one bedroom apartments is $3,235 and an average price per square feet of $4.55. There are a total of 866 one bedroom apartment listings currently available for rent in Massachusetts.

How much is a two bedroom apartment in Massachusetts?

The average monthly rental price for two bedroom apartments is $3,757 and an average price per square feet of $3.69. There are a total of 734 two bedroom apartment listings currently available for rent in Massachusetts.

How have rent prices in Massachusetts changed this year?

Rent prices for rentals in Massachusetts can fluctuate yearly. Specifically, studio rental prices have changed by 0.36%, one bedroom rental prices have changed by 0.31%, two bedroom rental prices have changed by 0.24%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Massachusetts?

A reasonable rent price in Massachusetts is around $2,767/month. You can search for these reasonably priced rental listings on RentHop.