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Boston, MA Rental Market Trends

Highlights

The average rent for an apartment in Boston is $3,438, a 4% increase compared to the previous year.

Average Rent in Boston, MA

Last updated December 2019
Average Rent Y-o-Y Change Average Apartment Size
$3,438 4% 811 sq. ft.

The average size for a Boston, MA apartment is 811 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Boston, MA Apartment Rent Ranges

  • $1,501-$2,0005%
  • > $2,00095%

Boston, MA Occupied Housing Units

  • Renter-occupied Households51%
  • Owner-occupied Households48%

136,344 or 51% of the households in Boston, MA are renter-occupied while 126,885 or 48% are owner-occupied.

Boston, MA Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
Boston, MA $3,214 $3,180 $3,280 $3,263 $3,247 $3,377 $3,298 $3,330 $3,528 $3,408 $3,438
National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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How Boston Compares to Other Cities

Average Rent Y-o-Y Change
Boston $3,438 4%
Cambridge $3,182 4%
Worcester $1,410 3%

For more information about the Boston rental trends, check out our monthly rent report

Check out Massachusetts Cities, Massachusetts Neighborhoods and Massachusetts Zip Codes for more details on verified listings, including the Massachusetts Average Rent.

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Boston apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.