Average Rent in Boston, MA

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Current Versus Historical Boston, MA Rents

Boston rentals average $2,974 for a studio rental to $4,550 for a 4-bedroom rental. The median price of all currently available listings is $3,673, 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 $844 (38.84%) year-over-year from $2,173 to $3,018. 1-bedroom rentals prices have increased by $1,217 (44.53%) year-over-year from $2,733 to $3,950. 2-bedroom rentals prices have increased by $1,422 (43.10%) year-over-year from $3,298 to $4,720. 3-bedroom rentals prices have increased by $175 (5.15%) year-over-year from $3,400 to $3,575. 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 15.80% this month. 1-bedroom rents have gone up by 24.08% this month. 2-bedroom rents have gone up by 22.92% this month. 3-bedroom rents have gone down by 0.46% 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 $3,018 $2,173 (38.84%) $2,216 (36.16%)
1 BR $4.99 $3,950 $2,733 (44.53%) $2,212 (78.60%)
2 BR $4.37 $4,720 $3,298 (43.10%) $2,650 (78.11%)
3 BR $3.77 $3,575 $3,400 (5.15%) $3,017 (18.51%)
4+ BR $3.44 $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 $3,412 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,400, is the most affordable city nearby. In contrast, the most expensive city near Boston, MA is Cambridge, MA. Monthly rents here are on average $3,423 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 18.21% more expensive than other cities nearby. One bedrooms are about 18.93% more expensive. Two bedrooms in Boston, MA are about 19.76% more expensive. Finally, rent for three bedrooms are about 5.23% more affordable. Want more information? Check out the top 2 cities near Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,943 $2,600 $3,300 $3,400
Cambridge, MA $2,923 $3,075 $3,785 $3,423

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 $3,683 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $3,683. Interestingly, the neighborhoods' average rent is higher than Boston's average rent, which is only $3,673. Out of all the neighborhoods in or near Boston, North Cambridge has the most affordable average rent at $3,072 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 $2,943 $3,559 $3,072
South End, Boston, MA $2,964 $3,485 $4,862 $3,576
East Cambridge, Cambridge, MA $3,047 $3,353 $4,334 $3,637
Downtown Boston, Boston, MA $2,820 $3,377 $4,365 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,645 $5,011 $3,715
D Street - West Broadway, Boston, MA $3,245 $3,703 $4,832 $4,000
Kendall Square, Cambridge, MA $3,245 $4,035 $4,660 $4,130
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,094 $4,850 $4,162

Top Counties Near Boston

There are a total of 8 counties located by Boston, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,423. 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 Brookline, MA. It's average rent per month is $3,400. Vice versa, with an average rent of $3,673, Boston, MA is the most expensive county by Boston, MA.

Typically, rent for studios in Boston, MA is 1.73% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Boston, MA is 12.14% more expensive than other counties nearby. Finally, rent for two bedrooms in Boston, MA is 14.27% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
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

Top Zipcodes Near Boston

There are a total of 12 zipcodes in or near Boston, MA. The average rent for all of these zipcodes is $3,585. 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 02138, Cambridge, MA at $2,859 per month. In comparison, the zipcode with the most expensive average rent of $4,132 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,834. 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 $3,443 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,424 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 $2,808 $3,395 $4,413 $3,700
02210, Boston, MA $3,240 $3,700 $4,889 $3,956
02118, Boston, MA $2,964 $3,490 $4,882 $3,645
02215, Boston, MA $2,660 $4,092 $4,889 $4,077
02116, Boston, MA $2,860 $3,530 $4,928 $3,638
02135, Boston, MA $2,573 $2,922 $3,150 $3,300
02142, Cambridge, MA $3,145 $3,998 $4,436 $4,132
02138, Cambridge, MA $2,515 $2,726 $3,573 $2,859
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02140, Cambridge, MA $2,647 $2,928 $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 $3,673. 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 $2,974 and an average price per square feet of $6.03. There are a total of 163 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 $3,500 and an average price per square feet of $4.99. There are a total of 556 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 $4,415 and an average price per square feet of $4.37. There are a total of 384 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 0.39%, one bedroom rental prices have changed by 0.45%, two bedroom rental prices have changed by 0.43%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in Boston, MA?
A reasonable rent price in Boston, MA is around $2,938/month. You can search for these reasonably priced rental listings on RentHop.
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