Average Rental Rates in Boston, MA
In order to provide you with the most relevant information during your apartment search in Boston, Massachusetts, the following summary offers up-to-date statistics regarding average rental rates as of May. These averages were generated using 14160 applicable apartment listings that were posted throughout this month in Boston. The average price of a studio apartment in Boston is $1,916. A one bedroom apartment has an average list price of $2,361. If you’re interested in an apartment with several rooms in Boston, then, on average, a two bedroom rental will cost you $2,869. Average rent for a three bedroom apartment is $3,057.
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Average Rents for Locations Near Boston, MA
If you’re a potential renter who enjoys everything that Boston, Massachusetts, has to offer, but would rather find a place to rent that’s outside the city, then you’ll want to know the May average rental rates of listings near Boston. You can get a better idea of what it costs to rent two bedroom apartments in nearby communities by looking at the average rental rates of those locations. In Boston, Ma, a two bedroom rental will on average cost $2,869. Maybe you’d rather live in Charlestown, Ma, where the average price of a two bedroom apartment costs $4,556. Somerville, Ma is another alternative. The average price of a two bedroom rental in Somerville, Ma is $2,409. In Chelsea, Ma, the average price of a two bedroom rental runs $1,742. The neighboring community of Everett, Ma has an average rental price of $1,859 for a two bedroom rental. Also nearby is Cambridge, Ma. The average cost of a two bedroom rental property in Cambridge, Ma is $2,972. Another potential option is Allston, Ma, where a two bedroom rental has an average cost of $1,955. You can also try Winthrop, Ma. The average price of a two bedroom apartment in Winthrop, Ma is $1,787.
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Boston, MA, Rental History and Trends
According to rental history data, as of May, any changes to the average rental rates for Boston, Massachusetts, from December to May is reflected in the following averages. These average rates were generated using 25440 apartment listings that were posted throughout the past six months in Boston. By having knowledge about cost changes over time and other trends could prove helpful during your search for the perfect property. The average rental rate in December was $2,903, as compared to one-month later during January, which was $2,879. In February, the average rental rate was $2,846 while in March the average rental price was $2,769. Most recently, in April and May, the average rental prices were $2,821 and $2,869, respectively.
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