Garrison Square
32-32 Garrison St,
Boston, MA 02116
1-3 Beds | $3,899 - $4,933
Rental Market Trends in Boston, MA
What is the average rent in Boston, MA?
$3,393/month
Average Rent
702 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of December 2024, the average rent in Boston, MA is $3,393 per month. This is 118% higher than the national average rent price of $1,560/month, making Boston one of the most expensive cities in the US. When you rent an apartment in Boston, you can expect to pay about $2,808 per month for a studio, $3,393 for a one-bedroom apartment, and around $4,367 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,790 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Boston, MA?
In the past year, rent has increased by 1.1%, which averages out to $38 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Boston, MA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
4%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
88%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Boston?
Based on current rent prices, Jeffries Point-Airport, Harbor View-Orient Heights and Columbia Point are the most affordable neighborhoods in Boston.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Boston?
Based on current rent prices, Seaport, North Station and Chinatown are the most expensive neighborhoods in Boston.
Neighborhood
Average Rent
Average Sq Ft
Which Boston neighborhoods have the most rentals available?
The neighborhoods in Boston with the most apartments available are West End Boston, Downtown Boston and Fenway .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Boston, MA?
Because the average rent in Boston is $3,393, you’ll want to make about $11,310 per month or $135,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Boston, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Boston, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,583/month
$3,179/month
One Bedroom
$2,763/month
$4,053/month
Two Bedroom
$2,986/month
$5,717/month
Three Bedroom
$3,206/month
$10,389/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.