Average Rent in Massachusetts

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Current Versus Historical Massachusetts Rents

Massachusetts rentals average $2,885 for a studio rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $3,452, or roughly $4 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 $600 (31.58%) year-over-year from $1,900 to $2,500. 1-bedroom rentals prices have increased by $736 (30.93%) year-over-year from $2,379 to $3,115. 2-bedroom rentals prices have increased by $661 (23.49%) year-over-year from $2,814 to $3,475. 3-bedroom rentals prices have increased by $233 (6.93%) year-over-year from $3,367 to $3,600. 4-bedroom rentals prices have increased by $325 (7.22%) year-over-year from $4,500 to $4,825. 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 up by 12.87% this month. 1-bedroom rents have gone up by 18.07% this month. 2-bedroom rents have gone up by 12.40% this month. 3-bedroom rents have gone up by 1.46% this month. 4-bedroom rents have gone down by 2.69% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.64 $2,500 $1,900 (31.58%) $2,175 (14.96%)
1 BR $4.52 $3,115 $2,379 (30.93%) $2,067 (50.73%)
2 BR $3.67 $3,475 $2,814 (23.49%) $2,508 (38.54%)
3 BR $2.89 $3,600 $3,367 (6.93%) $3,000 (20.00%)
4+ BR $3.15 $4,825 $4,500 (7.22%) $4,050 (19.14%)

Historical Rents in Massachusetts

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Massachusetts

There are a total of 39 cities nearby Massachusetts. The average rent in Massachusetts is currently $3,300 per month. A total of 21 cities nearby have an average rent lower than that. Our records show that Waterbury, CT, with an average rent of $1,500, is the most affordable city nearby. In contrast, the most expensive city near Massachusetts is Westhampton Beach, NY. Monthly rents here are on average $40,000 per month.

Let's compare Massachusetts's rent against other top cities nearby by bedroom size. Typically, rent for studios in Massachusetts is 48.53% more expensive than other cities nearby. One bedrooms are about 30.35% more expensive. Two bedrooms in Massachusetts are about 14.47% more expensive. Finally, rent for three bedrooms are about 7.38% more affordable. Want more information? Check out the top 10 cities out of 39 total cities near Massachusetts in the following chart.
City Studio 1 Bed 2 Bed All
Waterbury, CT $1,150 $1,150 $1,550 $1,500
Hartford, CT $1,300 $1,293 $1,550 $1,775
Manchester, NH N/A $1,670 $2,313 $2,095
Providence, RI $1,725 $1,900 $2,080 $2,350
New Haven, CT $1,485 $1,700 $2,295 $2,475
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
Newport, RI N/A $2,250 $3,225 $4,325
Hampton Bays, NY N/A $9,800 $16,000 $20,000

Top Neighborhoods Near Massachusetts

There are a total of 89 neighborhoods in or near Massachusetts. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 89 total neighborhoods in or near Massachusetts in the following chart.

The average rent for these 30 neighborhoods in or near Massachusetts is currently around $3,594 per month. A total of 41 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Massachusetts's average rent, which is only $3,452. Out of all the neighborhoods in or near Massachusetts, Germantown has the most affordable average rent at $1,375 per month. Whereas, at $8,125 average rent per month, Ocean Beach is the most expensive neighborhood in or near Massachusetts. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Philadelphia West, Philadelphia, PA $1,225 $1,428 $1,600 $1,650
North Philadelphia East, Philadelphia, PA $1,200 $1,385 $1,650 $1,675
Center City East, Philadelphia, PA $1,355 $1,900 $2,650 $1,980
Flatbush, New York, NY $2,790 $3,100 $3,194 $3,295
Washington Heights, New York, NY $2,400 $2,600 $3,100 $3,300
West Harlem, New York, NY $2,650 $2,895 $3,068 $3,400
East Harlem, New York, NY $3,088 $3,000 $3,195 $3,400
Harlem, New York, NY $2,650 $2,995 $3,195 $3,400
Bushwick, New York, NY $2,700 $3,000 $3,449 $3,499
Bedford-Stuyvesant, New York, NY $2,500 $3,250 $3,500 $3,500
Downtown Boston, Boston, MA $2,820 $3,401 $4,365 $3,660
D Street - West Broadway, Boston, MA $3,199 $3,688 $4,832 $3,942
Upper East Side, New York, NY $2,850 $3,350 $4,795 $4,000
Murray Hill, New York, NY $3,550 $4,483 $5,800 $4,300
Prospect Heights, New York, NY $3,600 $4,427 $5,999 $4,300
Financial District, New York, NY $3,650 $4,583 $6,495 $4,350
Midtown East, New York, NY $3,350 $4,498 $5,300 $4,550
Hell's Kitchen, New York, NY $3,700 $4,400 $5,915 $4,695
East Village, New York, NY $2,843 $3,595 $4,595 $4,795
Greenwich Village, New York, NY $4,100 $4,925 $4,995 $4,800
Williamsburg, New York, NY $3,950 $4,650 $4,725 $4,800
West Village, New York, NY $3,995 $5,000 $6,495 $4,800
Upper West Side, New York, NY $3,450 $4,450 $7,000 $4,900
Hudson Yards, New York, NY $3,750 $4,600 $6,995 $5,025
Kips Bay, New York, NY $3,865 $4,170 $5,445 $5,095
Chelsea, New York, NY $3,925 $5,500 $8,025 $5,350
NoMad, New York, NY $4,430 $5,590 $8,679 $5,656
Gramercy Park, New York, NY $3,805 $5,086 $5,773 $5,895
Midtown, New York, NY $3,488 $4,750 $6,500 $6,288
Tribeca, New York, NY $4,350 $6,000 $7,495 $6,800

Top Counties Near Massachusetts

There are a total of 89 counties located by Massachusetts. Some of these counties include Waterbury, CT, Manchester, NH, and New Haven, CT. The average rent for rentals in these counties is $4,000. That's roughly around $3 per sqft. A total of 16 counties have a lower average rent. The county that is the most affordable is Waterbury, CT. It's average rent per month is $1,500. Vice versa, with an average rent of $50,000, East Hampton, NY is the most expensive county by Massachusetts.

Typically, rent for studios in Massachusetts is 48.53% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Massachusetts is 19.52% more expensive than other counties nearby. Finally, rent for two bedrooms in Massachusetts is 0.90% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Waterbury, CT $1,150 $1,150 $1,550 $1,500
Manchester, NH N/A $1,670 $2,313 $2,095
New Haven, CT $1,485 $1,700 $2,295 $2,475
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
Newport, RI N/A $2,250 $3,225 $4,325
Southold, NY N/A $3,500 $9,000 $15,000
Southampton, NY $13,000 $8,000 $24,000 $35,000
East Hampton, NY N/A N/A $31,250 $50,000

Top Zipcodes Near Massachusetts

There are a total of 49 zipcodes in or near Massachusetts. The average rent for all of these zipcodes is $4,334. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19122, Philadelphia, PA at $1,745 per month. In comparison, the zipcode with the most expensive average rent of $6,295 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,205. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Massachusetts is $3,995 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,995 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Massachusetts. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10016, New York, NY $3,750 $4,275 $5,763 $4,612
10003, New York, NY $4,000 $4,600 $5,595 $5,500
10019, New York, NY $3,500 $4,449 $6,450 $4,996
10009, New York, NY $2,738 $3,695 $4,595 $4,750
10128, New York, NY $3,200 $3,900 $5,350 $4,200
10038, New York, NY $3,610 $4,569 $6,460 $4,500
10022, New York, NY $3,400 $4,550 $4,995 $4,518
10005, New York, NY $3,675 $4,650 $6,540 $4,334
10011, New York, NY $3,750 $5,552 $5,900 $4,750
10010, New York, NY $4,050 $5,184 $5,390 $5,416

Frequently Asked Questions - Massachusetts Average Rents

What is the average rent price in Massachusetts?
The average monthly rental price for Massachusetts apartments for rent is approximately $3,452. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Massachusetts 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 Massachusetts.
How much is a studio apartment in Massachusetts?
The average monthly rental price for studio apartments is $2,885 and an average price per square feet of $5.64. There are a total of 235 studio apartment listings currently available for rent in Massachusetts.
How much is a one bedroom apartment in Massachusetts?
The average monthly rental price for one bedroom apartments is $3,231 and an average price per square feet of $4.52. There are a total of 880 one bedroom apartment listings currently available for rent in Massachusetts.
How much is a two bedroom apartment in Massachusetts?
The average monthly rental price for two bedroom apartments is $3,742 and an average price per square feet of $3.67. There are a total of 754 two bedroom apartment listings currently available for rent in Massachusetts.
How have rent prices in Massachusetts changed this year?
Rent prices for rentals in Massachusetts can fluctuate yearly. Specifically, studio rental prices have changed by 0.32%, one bedroom rental prices have changed by 0.31%, two bedroom rental prices have changed by 0.23%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in Massachusetts?
A reasonable rent price in Massachusetts is around $2,762/month. You can search for these reasonably priced rental listings on RentHop.
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