Average Rent in Beacon Hill, Boston, MA

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Current Versus Historical Beacon Hill, Boston, MA Rents

Beacon Hill rentals average $2,150 for a studio rental to $6,750 for a 3-bedroom rental. The median price of all currently available listings is $3,400, or roughly $6 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $42 (1.89%) year-over-year from $2,208 to $2,250. 1-bedroom rentals prices have increased by $628 (22.23%) year-over-year from $2,823 to $3,450. 2-bedroom rentals prices have decreased by $23 (-0.65%) year-over-year from $3,611 to $3,588. 3-bedroom rentals prices have increased by $533 (12.21%) year-over-year from $4,367 to $4,900. 4-bedroom rentals prices have decreased by $10,292 (-64.06%) year-over-year from $16,067 to $5,775. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 3.91% this month. 1-bedroom rents have gone up by 11.44% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 1.91% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.63 $2,250 $2,208 (1.89%) $1,848 (21.73%)
1 BR $6.32 $3,450 $2,823 (22.23%) $2,280 (51.32%)
2 BR $6.29 $3,588 $3,611 (-0.65%) $2,850 (25.88%)
3 BR $3.70 $4,900 $4,367 (12.21%) $3,803 (28.83%)

Historical Rents in Beacon Hill, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Beacon Hill

There are a total of 3 cities nearby Beacon Hill. The average rent in Beacon Hill is currently $3,449 per month. Only one city nearby has an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,300, is the most affordable city nearby. In contrast, the most expensive city near Beacon Hill, Boston, MA is Boston, MA. Monthly rents here are on average $3,670 per month.

Let's compare Beacon Hill, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Beacon Hill, Boston, MA is 35.93% more affordable than other cities nearby. One bedrooms are about 19.61% more expensive. Two bedrooms in Beacon Hill, Boston, MA are about 30.52% more affordable. Finally, rent for three bedrooms are about 43.56% more expensive. Want more information? Check out the top 3 cities near Beacon Hill, Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,449
Boston, MA $2,967 $3,510 $4,454 $3,670

Top Neighborhoods Near Beacon Hill

There are a total of 9 neighborhoods in or near Beacon Hill. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 9 neighborhoods in or near Beacon Hill, Boston, MA in the following chart.

The average rent for these 9 neighborhoods in or near Beacon Hill, Boston, MA is currently around $3,670 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,670. Interestingly, the neighborhoods' average rent is higher than Beacon Hill's average rent, which is only $3,400. Out of all the neighborhoods in or near Beacon Hill, North Cambridge has the most affordable average rent at $3,065 per month. Whereas, at $4,174 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near Beacon Hill. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,943 $3,572 $3,065
South End, Boston, MA $2,924 $3,525 $4,872 $3,594
East Cambridge, Cambridge, MA $3,047 $3,404 $4,390 $3,637
Downtown Boston, Boston, MA $2,820 $3,401 $4,365 $3,660
Chinatown - Leather District, Boston, MA $3,315 $3,600 $5,122 $3,670
West End, Boston, MA $2,905 $3,420 $4,845 $3,743
D Street - West Broadway, Boston, MA $3,199 $3,688 $4,832 $3,942
Kendall Square, Cambridge, MA $3,245 $3,990 $4,605 $4,035
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,096 $4,927 $4,174

Top Counties Near Beacon Hill

There are a total of 9 counties located by Beacon Hill, Boston, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,449. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,300. Vice versa, with an average rent of $3,670, Boston, MA is the most expensive county by Beacon Hill, Boston, MA.

Typically, rent for studios in Beacon Hill, Boston, MA is 35.93% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Beacon Hill, Boston, MA is 19.61% more expensive than other counties nearby. Finally, rent for two bedrooms in Beacon Hill, Boston, MA is 30.52% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,449
Boston, MA $2,967 $3,510 $4,454 $3,670

Top Zipcodes Near Beacon Hill

There are a total of 12 zipcodes in or near Beacon Hill, Boston, MA. The average rent for all of these zipcodes is $3,585. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02138, Cambridge, MA at $2,859 per month. In comparison, the zipcode with the most expensive average rent of $4,092 per month is 02215, Boston, MA.

Studios in these zipcodes have an average rent of $2,830. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Beacon Hill, Boston, MA is $3,460 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,426 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Beacon Hill, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02114, Boston, MA $2,800 $3,405 $4,425 $3,710
02116, Boston, MA $2,860 $3,515 $4,940 $3,638
02142, Cambridge, MA $3,215 $3,910 $4,488 $4,011
02109, Boston, MA N/A $3,339 $4,378 $3,533
02141, Cambridge, MA $3,042 $3,630 $4,427 $3,404
02118, Boston, MA $2,924 $3,530 $4,882 $3,650
02210, Boston, MA $3,152 $3,685 $4,889 $3,924
02215, Boston, MA $2,660 $4,094 $4,987 $4,092
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02138, Cambridge, MA $2,515 $2,725 $3,573 $2,859

Frequently Asked Questions - Beacon Hill Average Rents

What is the average rent price in Beacon Hill, Boston, MA?
The average monthly rental price for Beacon Hill, Boston, MA apartments for rent is approximately $3,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Beacon Hill, Boston, MA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Beacon Hill, Boston, MA.
How much is a studio apartment in Beacon Hill, Boston, MA?
The average monthly rental price for studio apartments is $2,150 and an average price per square feet of $5.63. There are a total of 2 studio apartment listings currently available for rent in Beacon Hill.
How much is a one bedroom apartment in Beacon Hill, Boston, MA?
The average monthly rental price for one bedroom apartments is $3,825 and an average price per square feet of $6.32. There are a total of 2 one bedroom apartment listings currently available for rent in Beacon Hill.
How much is a two bedroom apartment in Beacon Hill, Boston, MA?
The average monthly rental price for two bedroom apartments is $2,900 and an average price per square feet of $6.29. There are a total of 5 two bedroom apartment listings currently available for rent in Beacon Hill.
How have rent prices in Beacon Hill, Boston, MA changed this year?
Rent prices for rentals in Beacon Hill, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.12% year-over-year.
What is a reasonable rent price in Beacon Hill, Boston, MA?
A reasonable rent price in Beacon Hill, Boston, MA is around $2,720/month. You can search for these reasonably priced rental listings on RentHop.
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