Boston, MA Rental Market Trends
Highlights
The average rent for an apartment in Boston is $3,432, a 3% increase compared to the previous year.
Average Rent in Boston, MA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $3,432 | 3% | 812 sq. ft. |
The average size for a Boston, MA apartment is 812 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-$2,0004%
- > $2,00096%
Boston, MA Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
138,120 or 51% of the households in Boston, MA are renter-occupied while 128,604 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 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Boston, MA | $3,214 | $3,180 | $3,280 | $3,263 | $3,247 | $3,377 | $3,298 | $3,330 | $3,528 | $3,408 | $3,432 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Boston Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,432 | 3% |
| Cambridge | $3,179 | 4% |
| Worcester | $1,390 | 3% |
| Providence | $1,873 | -2% |
| Manchester | $1,397 | 4% |
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.
Curious about listings in your area? Check out our apartments near you for more details!