Average Rent in Beacon Hill, Boston, MA

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Current Versus Historical Beacon Hill, Boston, MA Rents

Beacon Hill rentals average $0 for a studio rental to $6,750 for a 3-bedroom rental. The median price of all currently available listings is $3,425, or roughly $6 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $117 (5.35%) year-over-year from $2,183 to $2,300. 1-bedroom rentals prices have increased by $285 (10.31%) year-over-year from $2,765 to $3,050. 2-bedroom rentals prices have increased by $90 (2.58%) year-over-year from $3,485 to $3,575. 3-bedroom rentals prices have increased by $521 (12.14%) year-over-year from $4,292 to $4,813. 4-bedroom rentals prices have decreased by $12,642 (-68.64%) year-over-year from $18,417 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 1.78% this month. 1-bedroom rents have gone up by 5.17% this month. 2-bedroom rents have gone down by 0.07% this month. 3-bedroom rents have gone up by 3.59% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $6.32 $3,050 $2,765 (10.31%) $2,248 (35.66%)
2 BR $6.29 $3,575 $3,485 (2.58%) $2,842 (25.81%)
3 BR $3.70 $4,813 $4,292 (12.14%) $3,632 (32.51%)

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 $3,400 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,584, 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 $3,700 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 inf% more affordable than other cities nearby. One bedrooms are about 19.93% more expensive. Two bedrooms in Beacon Hill, Boston, MA are about 29.93% more affordable. Finally, rent for three bedrooms are about 45.19% 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
Chelsea, MA $1,550 $2,225 $2,700 $2,584
Cambridge, MA $2,858 $3,063 $3,768 $3,400
Boston, MA $2,999 $3,530 $4,431 $3,700

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 Downtown Boston. 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 $3,725 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,725. Interestingly, the neighborhoods' average rent is higher than Beacon Hill's average rent, which is only $3,425. Out of all the neighborhoods in or near Beacon Hill, North Cambridge has the most affordable average rent at $3,085 per month. Whereas, at $4,096 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 $2,949 $3,547 $3,085
South End, Boston, MA $2,974 $3,531 $4,812 $3,550
Downtown Boston, Boston, MA $2,820 $3,377 $4,348 $3,650
East Cambridge, Cambridge, MA $2,989 $3,342 $4,395 $3,700
Chinatown - Leather District, Boston, MA $3,304 $3,600 $4,960 $3,725
West End, Boston, MA $3,140 $3,578 $4,938 $3,768
D Street - West Broadway, Boston, MA $3,278 $3,740 $4,900 $4,000
Kendall Square, Cambridge, MA $3,123 $4,010 $4,660 $4,062
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,220 $4,092 $4,708 $4,096

Top Counties Near Beacon Hill

There are a total of 9 counties located by Beacon Hill, Boston, MA. Some of these counties include Chelsea, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,400. That's roughly around $4 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $3,700, Boston, MA is the most expensive county by Beacon Hill, Boston, MA.

Typically, rent for studios in Beacon Hill, Boston, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Beacon Hill, Boston, MA is 19.93% more expensive than other counties nearby. Finally, rent for two bedrooms in Beacon Hill, Boston, MA is 29.93% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,225 $2,700 $2,584
Cambridge, MA $2,858 $3,063 $3,768 $3,400
Boston, MA $2,999 $3,530 $4,431 $3,700

Top Zipcodes Near Beacon Hill

There are a total of 13 zipcodes in or near Beacon Hill, Boston, MA. The average rent for all of these zipcodes is $3,533. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,115 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,820. 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 $3,398 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,378 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 $2,820 $3,398 $4,215 $3,695
02116, Boston, MA $3,068 $3,565 $4,915 $3,925
02142, Cambridge, MA $3,000 $3,866 $4,465 $4,115
02109, Boston, MA N/A $3,339 $4,378 $3,533
02141, Cambridge, MA $3,042 $3,630 $4,477 $3,342
02118, Boston, MA $2,974 $3,531 $4,842 $3,576
02210, Boston, MA $3,245 $3,735 $4,950 $3,956
02215, Boston, MA $2,363 $4,087 $4,708 $4,011
02134, Boston, MA $3,199 $2,810 $3,200 $3,425
02150, Chelsea, MA $1,550 $2,225 $2,700 $2,584

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 $3,425. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 0.05%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.03%, 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 $2,740/month. You can search for these reasonably priced rental listings on RentHop.
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