Average Rent in Massachusetts

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Current Versus Historical Massachusetts Rents

Massachusetts rentals average $1,975 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $320 (18.03%) year-over-year from $1,775 to $2,095. 1-bedroom rentals prices have increased by $156 (6.99%) year-over-year from $2,233 to $2,390. 2-bedroom rentals prices have increased by $183 (7.01%) year-over-year from $2,617 to $2,800. 3-bedroom rentals prices have decreased by $43 (-1.34%) year-over-year from $3,243 to $3,200. 4-bedroom rentals prices have decreased by $517 (-10.84%) year-over-year from $4,767 to $4,250. 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 1.45% this month. 1-bedroom rents have gone up by 1.83% this month. 2-bedroom rents have gone up by 1.82% this month. 3-bedroom rents have gone down by 2.54% this month. 4-bedroom rents have gone down by 0.78% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.50	$2,095	$1,775 (18.03%)	$2,159 (-2.97%)
1 BR	$3.57	$2,390	$2,233 (6.99%)	$2,148 (11.23%)
2 BR	$2.83	$2,800	$2,617 (7.01%)	$2,433 (15.07%)
3 BR	$2.50	$3,200	$3,243 (-1.34%)	$2,848 (12.35%)
4+ BR	$2.40	$4,250	$4,767 (-10.84%)	$3,838 (10.75%)

Historical Rents in Massachusetts

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Massachusetts

There are a total of 48 cities nearby Massachusetts. The average rent in Massachusetts is currently $2,929 per month. A total of 27 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,325, is the most affordable city nearby. In contrast, the most expensive city near Massachusetts is Hampton Bays, NY. Monthly rents here are on average $20,000 per month.

Let's compare Massachusetts's rent against other top cities nearby by bedroom size. Typically, rent for studios in Massachusetts is 22.92% more expensive than other cities nearby. One bedrooms are about 11.11% more expensive. Two bedrooms in Massachusetts are about 1.32% more expensive. Finally, rent for three bedrooms are about 0.74% more affordable. Want more information? Check out the top 10 cities out of 48 total cities near Massachusetts in the following chart.

City	Studio	1 Bed	2 Bed	All
Quincy, MA	$1,700	$2,300	$2,600	$2,500
Revere, MA	$1,650	$2,300	$2,800	$2,500
Malden, MA	N/A	$2,200	$2,850	$2,800
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
Newton, MA	$1,795	$2,288	$3,000	$3,900

Top Neighborhoods Near Massachusetts

There are a total of 97 neighborhoods in or near Massachusetts. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 97 total neighborhoods in or near Massachusetts in the following chart.

The average rent for these 30 neighborhoods in or near Massachusetts is currently around $3,500 per month. A total of 36 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Massachusetts's average rent, which is only $3,000. Out of all the neighborhoods in or near Massachusetts, Cobbs Creek has the most affordable average rent at $1,350 per month. Whereas, at $9,550 average rent per month, SoHo 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 East, Philadelphia, PA	$1,155	$1,368	$1,688	$1,675
Center City East, Philadelphia, PA	$1,235	$1,840	$2,695	$2,120
Flatbush, New York, NY	$2,633	$2,850	$3,100	$3,000
Bedford-Stuyvesant, New York, NY	$2,461	$2,798	$3,200	$3,150
East Harlem, New York, NY	$2,998	$2,975	$3,195	$3,275
Bushwick, New York, NY	$2,747	$2,998	$3,204	$3,350
Harlem, New York, NY	$2,675	$2,850	$3,250	$3,400
West Harlem, New York, NY	$2,675	$2,850	$3,373	$3,500
Crown Heights, New York, NY	$2,655	$3,160	$4,170	$3,550
Upper East Side, New York, NY	$3,279	$3,900	$5,100	$4,000
Murray Hill, New York, NY	$3,400	$4,237	$6,500	$4,000
Long Island City, New York, NY	$3,294	$4,029	$5,995	$4,092
Hell's Kitchen, New York, NY	$3,483	$3,988	$5,312	$4,117
Financial District, New York, NY	$3,450	$4,500	$6,323	$4,260
Downtown Brooklyn, New York, NY	$3,430	$4,185	$5,818	$4,269
Prospect Heights, New York, NY	$3,565	$4,495	$6,009	$4,385
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Hudson Yards, New York, NY	$3,600	$4,507	$6,623	$4,500
Midtown East, New York, NY	$3,375	$4,400	$5,995	$4,500
Kips Bay, New York, NY	$3,595	$4,265	$5,445	$4,570
Williamsburg, New York, NY	$3,805	$4,583	$5,168	$4,767
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,850
West Village, New York, NY	$3,900	$5,125	$6,750	$4,900
Lower East Side, New York, NY	$3,413	$4,425	$4,765	$4,990
Upper West Side, New York, NY	$3,300	$4,453	$7,275	$4,999
Midtown, New York, NY	$3,700	$4,298	$6,600	$5,000
Little Italy, New York, NY	$3,250	$4,500	$4,625	$5,295
Gramercy Park, New York, NY	$3,698	$5,500	$4,995	$5,368
Chelsea, New York, NY	$3,895	$5,609	$7,995	$5,369
NoMad, New York, NY	$4,345	$5,686	$8,293	$5,772

Top Counties Near Massachusetts

There are a total of 97 counties located by Massachusetts. Some of these counties include Lynn, MA, Quincy, MA, and Waltham, MA. The average rent for rentals in these counties is $3,225. That's roughly around $3 per sqft. A total of 21 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,325. Vice versa, with an average rent of $60,000, East Hampton, NY is the most expensive county by Massachusetts.

Typically, rent for studios in Massachusetts is 17.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Massachusetts is 3.06% more expensive than other counties nearby. Finally, rent for two bedrooms in Massachusetts is 5.26% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,595	$1,950	$2,400	$1,980
Quincy, MA	$1,700	$2,300	$2,600	$2,500
Waltham, MA	$1,395	$2,400	$3,082	$2,990
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
Newton, MA	$1,795	$2,288	$3,000	$3,900

Top Zipcodes Near Massachusetts

There are a total of 16 zipcodes in or near Massachusetts. The average rent for all of these zipcodes is $2,921. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19131, Philadelphia, PA at $1,480 per month. In comparison, the zipcode with the most expensive average rent of $4,758 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $1,947. 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 Massachusetts is $2,670 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,975 per month. Which comes out to $3 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
10128, New York, NY	$3,350	$4,095	$5,115	$3,999
10023, New York, NY	$3,400	$4,950	$8,295	$4,500
19104, Philadelphia, PA	$1,195	$1,450	$1,763	$1,700
02128, Boston, MA	$2,200	$2,538	$2,950	$2,800
02116, Boston, MA	$2,800	$3,238	$4,998	$4,250
11375, New York, NY	$2,645	$2,950	$3,000	$3,150
02118, Boston, MA	$1,367	$3,450	$4,400	$4,000
10035, New York, NY	$2,390	$2,700	$3,275	$2,850
02472, Watertown Town, MA	N/A	$2,640	$2,925	$3,000
19128, Philadelphia, PA	$1,325	$1,498	$1,663	$1,625

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 $3,000. 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 $1,975 and an average price per square feet of $4.50. There are a total of 237 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 $2,475 and an average price per square feet of $3.57. There are a total of 1,110 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 $2,850 and an average price per square feet of $2.83. There are a total of 1,944 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 0.18%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by -0.01% year-over-year.

What is a reasonable rent price in Massachusetts?

A reasonable rent price in Massachusetts is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.