Average Rent Prices in Boston by Town

Posted By: Demetrios Salpoglou |  Jul 24
Category: Boston Condo Market
Average Rent Prices in Boston by Town

***UPDATE*** We released our average rent prices map for 2019!! You can see the Updated Boston Average Rent Price Map here.



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Boston Pads recently published a series of infographics showing the average rent prices in 22 of the most sought after neighborhoods in the Greater Boston area. Utilizing their extensive database of over 166,000 Boston apartments, they were able to calculate the average rent price for most of the areas in close proximity to the city.

Average rent prices were formulated from 8,884 apartments that were either rented within the last 12 months or that are currently listed as available. These averages specifically exclude apartments that reside in luxury buildings.

The Real Time Vacancy Rate was calculated by taking the sum of the total number of apartments available in that area and all the units that will become available in the upcoming months, and dividing by the total number of apartments in that area.

Population and median household income was pulled directly from the US Census Bureau.

Not surprisingly, the average rental prices of areas near downtown Boston are obtaining the highest rent prices. The neighborhoods of Back Bay, Beacon Hill, North End, Symphony, Fenway, and South End are obtaining the highest rents in and around the city for non-luxury apartment buildings.

Average rent prices in Back Bay are the highest in the city right now, ranking as the most expensive place in Boston to rent a 1 Bedroom apartment at $2,444/month as well as the highest 2 Bedroom price at $3,196/month. Rent prices in Beacon Hill currently ranks 2nd highest for 1 Bedrooms at $2,433/month and 5th highest for 2 Bedroom apartments at $2,841/month. The neighborhood of South End ranks 3rd highest in Boston for 1 Bedroom and 2 Bedroom apartments, seeing an average of $2,362 and $2,996 respectively.

1 Bedroom Apartments in Boston

# Town Average Rent
1 Back Bay $2,444
2 Beacon Hill $2,433
3 South End $2,362
4 Symphony $2,356
5 Fenway $2,324
6 North End $2,247
7 Cambridge $2,143
8 Brookline $2,100
9 Roxbury $1,975
10 Somerville $1,972
11 South Boston $1,952
12 Charlestown $1,921
13 Mission Hill $1,899
14 Brighton $1,847
15 Newton $1,840
16 Allston $1,756
17 Jamaica Plain $1,708
18 East Boston $1,618
19 Medford $1,546
20 Malden $1,543
21 Dorchester $1,356
22 Quincy $1,299

 

2 Bedroom Apartments in Boston

# Town Average Rent
1 Back Bay $3,196
2 Symphony $3,066
3 South End $2,996
4 North End $2,934
5 Beacon Hill $2,841
6 Cambridge $2,831
7 Brookline $2,799
8 Fenway $2,781
9 Charlestown $2,524
10 South Boston $2,510
11 Mission Hill $2,349
12 Newton $2,346
13 Somerville $2,182
14 Jamaica Plain $2,173
15 Brighton $2,171
16 Allston $2,164
17 Medford $2,135
18 Roxbury $2,086
19 East Boston $2,030
20 Malden $1,866
21 Dorchester $1,853
22 Quincy $1,837

 

For those on a budget, the best options close to the city to find an apartment in their price range are Quincy, Dorchester, and Malden. These three towns showed the lowest averages for renting a 1 bedroom and a 2 bedroom apartment among the 22 areas sampled. Neighborhoods like East Boston, Medford, Jamaica Plain, Allston, and Roxbury are also among the most affordable neighborhoods close to Boston.

Ultimately, the data suggests that if you plan to live in one of the neighborhoods near downtown or one of the closer suburbs to downtown Boston, you can expect to spend over $2000 for a 1 bedroom and above $2700 for a two bedroom.

Average Rent Prices in Boston Neighborhoods and Surrounding Cities and Towns

Below are links to all 22 infographics, featured on some of our local sites.

About Boston Pads

This data was sourced from the Boston Pads database, which at the time of this analysis was comprised of over 156,000 apartments, 500,000+ property images, 47,000+ image galleries, 8,000+ apartment videos, and over 16,000+ landlord contacts.

Landlords, renters, buyers and sellers can call in 7 days a week to get real time data and much more. Their vast network of over 80 locally focused real estate websites and 100 social media pages are updated with new listings and information on a daily basis. A dedicated team of Boston real estate professionals calls daily to update these listings, ensuring the information you’ll find on Boston Pads’ websites are the most accurate you can find.

It is this commitment to the best real time real estate data with a keen local focus that has propelled Boston Pads to build their network of landlords to over 16,000 strong. Through the use of innovative technologies, Landlords and property managers that list with Boston Pads receive the widest marketing coverage and support for their available units. From one source they can syndicate listings to all the national portals like Zillow, Trulia, Craigslist and more, as well as the Boston Pads network of over 80 local websites and 100 local social media pages on Facebook and Twitter. The Bostonpads.com platform helps property owners significantly reduce time spent on gathering and providing data to smaller disparate sources and constantly re-submitting and managing listings.

By combining the most comprehensive marketing with the strongest data, Boston Pads has distinguished itself as the real estate and information technology leader in New England. Their platform is scalable and adaptable to any market, and can be used by any agency or landlord to gain access to marketing and real estate tools that can help them gain an edge on the competition.


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demetrios Posted date:July 24, 2017
Demetrios Salpoglou is the CEO of bostonpads.com which is an information and technology based services company that provides cutting edge resources to real estate companies. Demetrios has developed over 90 real estate related websites and owns hundreds of domain names. Demetrios also owns and operates six leading real estate offices with over 170 agents. Demetrios has pulled together the largest apartment leasing team in the Greater Boston Area and is responsible for procuring more apartment rentals than anyone in New England – with over 100k people finding their housing through his services. Demetrios is an avid real estate developer, peak performance trainer, educator, guest lecturer and motivational speaker.

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