Average Rent in Downtown Boston, Boston, MA

Home » MA » Boston » Downtown Boston

Current Versus Historical Downtown Boston, Boston, MA Rents

Downtown Boston rentals average $2,900 for a studio rental to $4,350 for a 4-bedroom rental. The median price of all currently available listings is $4,148, or roughly $5 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $406 (16.29%) year-over-year from $2,494 to $2,900. 1-bedroom rentals prices have increased by $659 (16.80%) year-over-year from $3,919 to $4,578. 2-bedroom rentals prices have increased by $703 (12.07%) year-over-year from $5,827 to $6,530. 3-bedroom rentals prices have increased by $5,436 (81.65%) year-over-year from $6,657 to $12,093. 4-bedroom rentals prices have decreased by $5,037 (-64.27%) year-over-year from $7,837 to $2,800. 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 down by 9.92% this month. 1-bedroom rents have gone up by 2.78% this month. 2-bedroom rents have gone up by 2.48% this month. 3-bedroom rents have gone down by 20.43% this month. 4-bedroom rents have gone down by 50.95% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.23	$2,900	$2,494 (16.29%)	$3,714 (-21.92%)
1 BR	$4.26	$4,578	$3,919 (16.80%)	$3,666 (24.88%)
2 BR	$4.52	$6,530	$5,827 (12.07%)	$4,819 (35.51%)
3 BR	$4.74	$12,093	$6,657 (81.65%)	$9,847 (22.81%)
4+ BR	$2.45	$2,800	$7,837 (-64.27%)	$5,609 (-50.08%)

Historical Rents in Downtown Boston, Boston, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Boston

There are a total of 14 cities nearby Downtown Boston. The average rent in Downtown Boston is currently $2,995 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Lynn, MA, with an average rent of $1,980, is the most affordable city nearby. In contrast, the most expensive city near Downtown Boston, Boston, MA is Newton, MA. Monthly rents here are on average $3,900 per month.

Let's compare Downtown Boston, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Boston, Boston, MA is 44.05% more expensive than other cities nearby. One bedrooms are about 38.16% more expensive. Two bedrooms in Downtown Boston, Boston, MA are about 46.03% more expensive. Finally, rent for three bedrooms are about 60.50% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near Downtown Boston, Boston, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Revere, MA	$1,650	$2,300	$2,800	$2,500
Quincy, MA	$1,700	$2,300	$2,600	$2,500
Malden, MA	N/A	$2,200	$2,850	$2,800
Arlington, MA	N/A	$2,100	$2,800	$2,950
Watertown Town, MA	N/A	$2,640	$2,925	$3,000
Medford, MA	$1,650	$2,900	$2,725	$3,200
Somerville, MA	$2,330	$2,470	$3,200	$3,250
Boston, MA	$2,400	$3,000	$3,400	$3,400
Cambridge, MA	$2,600	$3,100	$3,600	$3,500
Brookline, MA	$300	$2,700	$3,500	$3,600

Top Neighborhoods Near Downtown Boston

There are a total of 11 neighborhoods in or near Downtown Boston. Some of these neighborhoods include Commonwealth, Columbia Point, and Coolidge Corner. We've included all of these top 11 neighborhoods in or near Downtown Boston, Boston, MA in the following chart.

The average rent for these 11 neighborhoods in or near Downtown Boston, Boston, MA is currently around $3,571 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $3,571. Out of all the neighborhoods in or near Downtown Boston, Commonwealth has the most affordable average rent at $2,725 per month. Whereas, at $4,350 average rent per month, D Street - West Broadway is the most expensive neighborhood in or near Downtown Boston. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Commonwealth, Boston, MA	$1,800	$2,250	$2,850	$2,725
Columbia Point, Boston, MA	N/A	$2,350	$2,800	$2,900
Coolidge Corner, Brookline, MA	$2,335	$2,725	$3,300	$3,400
Beacon Hill, Boston, MA	$2,200	$3,475	$3,700	$3,500
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,475	$2,895	$4,650	$3,500
West End, Boston, MA	$2,783	$3,448	$4,770	$3,571
North End, Boston, MA	N/A	$2,800	$4,200	$3,695
East Cambridge, Cambridge, MA	$3,180	$3,450	$3,909	$3,715
Back Bay, Boston, MA	$2,475	$3,400	$4,600	$3,975
South End, Boston, MA	$2,284	$3,450	$4,400	$4,160
D Street - West Broadway, Boston, MA	$3,075	$3,725	$4,225	$4,350

Top Counties Near Downtown Boston

There are a total of 11 counties located by Downtown Boston, Boston, MA. Some of these counties include Revere, MA, Quincy, MA, and Malden, MA. The average rent for rentals in these counties is $2,995. That's roughly around $3 per sqft. A total of 14 counties have a lower average rent. The county that is the most affordable is Lynn, MA. It's average rent per month is $1,980. Vice versa, with an average rent of $3,900, Newton, MA is the most expensive county by Downtown Boston, Boston, MA.

Typically, rent for studios in Downtown Boston, Boston, MA is 44.05% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Boston, Boston, MA is 38.16% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Boston, Boston, MA is 46.03% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Revere, MA	$1,650	$2,300	$2,800	$2,500
Quincy, MA	$1,700	$2,300	$2,600	$2,500
Malden, MA	N/A	$2,200	$2,850	$2,800
Arlington, MA	N/A	$2,100	$2,800	$2,950
Watertown Town, MA	N/A	$2,640	$2,925	$3,000
Medford, MA	$1,650	$2,900	$2,725	$3,200
Somerville, MA	$2,330	$2,470	$3,200	$3,250
Boston, MA	$2,400	$3,000	$3,400	$3,400
Cambridge, MA	$2,600	$3,100	$3,600	$3,500
Brookline, MA	$300	$2,700	$3,500	$3,600

Top Zipcodes Near Downtown Boston

There are a total of 4 zipcodes in or near Downtown Boston, Boston, MA. The average rent for all of these zipcodes is $3,500. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02128, Boston, MA at $2,800 per month. In comparison, the zipcode with the most expensive average rent of $4,250 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $1,784. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Boston, Boston, MA is $2,939 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,675 per month. Which comes out to $4 per sqft. The following chart includes the top 4 zipcodes in Downtown Boston, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02116, Boston, MA	$2,800	$3,238	$4,998	$4,250
02118, Boston, MA	$1,367	$3,450	$4,400	$4,000
02128, Boston, MA	$2,200	$2,538	$2,950	$2,800
02472, Watertown Town, MA	N/A	$2,640	$2,925	$3,000

Frequently Asked Questions - Downtown Boston Average Rents

What is the average rent price in Downtown Boston, Boston, MA?

The average monthly rental price for Downtown Boston, Boston, MA apartments for rent is approximately $4,148. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Boston, 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 Downtown Boston, Boston, MA.

How much is a studio apartment in Downtown Boston, Boston, MA?

The average monthly rental price for studio apartments is $2,900 and an average price per square feet of $7.23. There are a total of 5 studio apartment listings currently available for rent in Downtown Boston.

How much is a one bedroom apartment in Downtown Boston, Boston, MA?

The average monthly rental price for one bedroom apartments is $3,800 and an average price per square feet of $4.26. There are a total of 31 one bedroom apartment listings currently available for rent in Downtown Boston.

How much is a two bedroom apartment in Downtown Boston, Boston, MA?

The average monthly rental price for two bedroom apartments is $5,350 and an average price per square feet of $4.52. There are a total of 36 two bedroom apartment listings currently available for rent in Downtown Boston.

How have rent prices in Downtown Boston, Boston, MA changed this year?

Rent prices for rentals in Downtown Boston, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.82% year-over-year.

What is a reasonable rent price in Downtown Boston, Boston, MA?

A reasonable rent price in Downtown Boston, Boston, MA is around $3,318/month. You can search for these reasonably priced rental listings on RentHop.