Rental market snapshot for Boston, Massachusetts

Boston, Massachusetts Rental Property Market Overview

Boston, Massachusetts is a vibrant city with a population of 654,776 as of 2021, according to the US Census. It is a major cultural and educational hub, home to some of the nation's most prestigious universities and colleges. The city is known for its rich history, diverse neighborhoods, and iconic landmarks. From the Freedom Trail to Fenway Park, there is something for everyone to explore in this vibrant city.

The average rent for an apartment in Boston is $3,791. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Boston Massachusetts | Cost of Living

  • The most expensive ZIP code in Boston is 02120 with an average price of $5,631.
  • The cheapest ZIP code in Boston is 02126 with an average price of $2,357.

Boston ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
102120$5,631
202110$5,612
302116$4,771
402210$4,546
502111$4,313
602109$4,215
702199$4,161
802118$4,068
902467$4,055
1002113$3,901

Live near Boston, Massachusetts's Top Sights and Attractions

Highland Park is a picturesque public park located on a hilltop overlooking a beautiful harbor. It features lush gardens, winding paths, and breathtaking views of the surrounding area. Visitors can enjoy a variety of activities, including picnicking, fishing, and bird watching. The park also has a playground, a carousel, and a small zoo. The park is a popular spot for outdoor concerts and festivals, and it is a great place to relax and take in the scenery.

Copley Square Park is a vibrant public space located in the heart of a bustling city. It is a popular destination for locals and visitors alike, offering a variety of activities and amenities. The park features lush green lawns, a large fountain, and a variety of trees and shrubs. There are also several benches and tables for visitors to relax and enjoy the scenery. The park is also home to a variety of events throughout the year, including concerts, festivals, and art exhibitions. The park is a great place to spend an afternoon or evening, and is a great spot for people watching.

Codman Square is a vibrant neighborhood located in the Dorchester area of Boston. It is home to a variety of shops, restaurants, and businesses, as well as a public library, a community health center, and a historic church. The area is also home to a number of parks, including Codman Square Park, which features a playground, basketball court, and a walking path. The neighborhood is also home to a number of murals, which add to its vibrant atmosphere.

Franklin Square is a public park located in the heart of the city. It features a large central fountain, a gazebo, and a variety of trees and plants. The park also has a playground, a carousel, and a miniature golf course. Visitors can enjoy a variety of activities, including picnicking, playing games, and relaxing in the sun. The park is a popular spot for locals and tourists alike, and is a great place to spend a day.

Rogers Park is a beautiful public park located on the Charles River in Boston. It features a scenic walking path along the river, a playground, and plenty of open green space for picnicking and relaxing. There is also a boat launch for kayaking and canoeing, as well as a fishing pier. The park is a popular spot for joggers, cyclists, and birdwatchers, and it is also home to a variety of wildlife, including ducks, geese, and other waterfowl.

Medal of Honor Park is a memorial park located in Boston, Massachusetts. It is dedicated to the men and women of the United States Armed Forces who have been awarded the Medal of Honor. The park features a granite wall with the names of all the Medal of Honor recipients, a reflecting pool, and a memorial plaza with a flagpole. The park also includes a memorial garden with a variety of trees and plants, a walkway, and a memorial sculpture.

Agassiz Road is a popular tourist destination located in the heart of Boston. It is a winding, cobblestone street lined with historic homes, churches, and shops. The street is also home to a variety of restaurants, cafes, and pubs, making it a great place to explore and enjoy the city's culture. Visitors can also take in the stunning views of the Charles River and the Boston skyline from the street.

Bunker Hill Monument is a granite obelisk located in the Charlestown neighborhood of Boston, Massachusetts. It stands 221 feet tall and commemorates the Battle of Bunker Hill, which was the first major battle of the American Revolutionary War. The monument is open to the public and visitors can climb the 294 steps to the top for a panoramic view of the city.

Reservation Road Park is a scenic outdoor area located in the heart of Boston. It features a large pond, lush green lawns, and winding pathways that are perfect for walking, running, or biking. The park also has a playground, picnic areas, and a variety of sports courts. Visitors can also enjoy the views of the Charles River and the Boston skyline. The park is a great spot for a relaxing day outdoors or a fun family outing.

East Boston Memorial Park II is a waterfront park located on the east side of Boston. It features a large grassy area, a playground, and a walking path along the harbor. The park also has a memorial dedicated to the victims of the East Boston plane crash in 1960. Visitors can also enjoy stunning views of the Boston skyline from the park.

Boston, Massachusetts area median rent change by ZIP code map

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How does Boston compare to other cities in Massachusetts?

citymedian price
Newburyport$3,400
Somerville$3,315
Canton$2,565
Natick$2,287
Lowell$2,088
Framingham$2,045

Average household income in Boston area graph - US Census

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The median household income in Boston in 2021 was $81,744. This represents a 53.8% change from 2011 when the median was $53,136.

#categorypercent
0Less than $10,0009.3%
1$10,000 to $14,9996.0%
2$15,000 to $19,9993.9%
3$20,000 to $24,9993.8%
4$25,000 to $29,9992.6%
5$30,000 to $34,9993.1%
6$35,000 to $39,9992.6%
7$40,000 to $44,9993.1%
8$45,000 to $49,9992.7%
9$50,000 to $59,9995.0%
10$60,000 to $74,9997.3%
11$75,000 to $99,99910.6%
12$100,000 to $124,9998.9%
13$125,000 to $149,9997.0%
14$150,000 to $199,99910.0%
15$200,000 or more14.1%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Boston is $3,791.
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