Average Rent in Massachusetts

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Current Versus Historical Massachusetts Rents

Massachusetts rentals average $2,600 for a studio rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $3,400, or roughly $3 per square feet.

For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have increased by $350 (17.95%) year-over-year from $1,950 to $2,300. 1-bedroom rentals prices have increased by $218 (9.17%) year-over-year from $2,382 to $2,600. 2-bedroom rentals prices have increased by $283 (10.06%) year-over-year from $2,817 to $3,100. 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 $458 (10.09%) year-over-year from $4,542 to $5,000. 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 9.52% this month. 1-bedroom rents have gone down by 7.90% this month. 2-bedroom rents have gone down by 3.86% this month. 3-bedroom rents have gone down by 2.69% this month. 4-bedroom rents have gone up by 4.90% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.54	$2,300	$1,950 (17.95%)	$2,184 (5.31%)
1 BR	$4.21	$2,600	$2,382 (9.17%)	$2,165 (20.09%)
2 BR	$3.23	$3,100	$2,817 (10.06%)	$2,562 (21.01%)
3 BR	$2.75	$3,600	$3,367 (6.93%)	$3,000 (20.00%)
4+ BR	$2.72	$5,000	$4,542 (10.09%)	$3,900 (28.21%)

Historical Rents in Massachusetts

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Massachusetts

There are a total of 32 cities nearby Massachusetts. The average rent in Massachusetts is currently $3,190 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that Waterbury, CT, with an average rent of $1,450, is the most affordable city nearby. In contrast, the most expensive city near Massachusetts is Westhampton Beach, NY. Monthly rents here are on average $30,000 per month.

Let's compare Massachusetts's rent against other top cities nearby by bedroom size. Typically, rent for studios in Massachusetts is 31.73% more expensive than other cities nearby. One bedrooms are about 22.39% more expensive. Two bedrooms in Massachusetts are about 4.69% more expensive. Finally, rent for three bedrooms are about 2.05% more affordable. Want more information? Check out the top 10 cities out of 32 total cities near Massachusetts in the following chart.

City	Studio	1 Bed	2 Bed	All
Hartford, CT	$1,223	$1,225	$1,500	$1,600
Worcester, MA	N/A	$1,770	$2,225	$2,325
Quincy, MA	$1,713	$2,345	$2,722	$2,750
Waltham, MA	$100	$2,225	$3,500	$3,200
Medford, MA	$1,163	$2,300	$3,000	$3,500
Boston, MA	$2,720	$3,200	$3,825	$3,548
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630
Brookline, MA	$2,415	$2,950	$3,600	$3,700
Newton, MA	N/A	$2,400	$3,200	$4,399

Top Neighborhoods Near Massachusetts

There are a total of 106 neighborhoods in or near Massachusetts. Some of these neighborhoods include North Philadelphia East, North Philadelphia West, and Center City East. We've included the top 30 neighborhoods out of 106 total neighborhoods in or near Massachusetts in the following chart.

The average rent for these 30 neighborhoods in or near Massachusetts is currently around $3,600 per month. A total of 44 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Massachusetts's average rent, which is only $3,400. Out of all the neighborhoods in or near Massachusetts, Cobbs Creek has the most affordable average rent at $1,338 per month. Whereas, at $8,000 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 East, Philadelphia, PA	$1,153	$1,388	$1,600	$1,650
North Philadelphia West, Philadelphia, PA	$1,230	$1,430	$1,500	$1,695
Center City East, Philadelphia, PA	$1,468	$1,923	$3,000	$2,160
Flatbush, New York, NY	$2,562	$3,100	$3,150	$3,200
Washington Heights, New York, NY	$2,175	$2,400	$2,995	$3,300
West Harlem, New York, NY	$2,685	$3,100	$3,495	$3,395
Bedford-Stuyvesant, New York, NY	$2,438	$2,815	$3,400	$3,400
Harlem, New York, NY	$2,650	$2,995	$3,400	$3,500
Bushwick, New York, NY	$2,653	$3,000	$3,499	$3,599
East Harlem, New York, NY	$2,495	$2,995	$3,395	$3,795
Downtown Boston, Boston, MA	$2,865	$3,453	$4,544	$3,900
D Street - West Broadway, Boston, MA	$3,179	$3,718	$4,600	$4,041
Prospect Heights, New York, NY	$3,600	$4,413	$5,991	$4,165
Upper East Side, New York, NY	$2,900	$3,600	$5,000	$4,195
Financial District, New York, NY	$3,695	$4,720	$6,780	$4,420
Murray Hill, New York, NY	$3,400	$4,595	$7,407	$4,495
West Village, New York, NY	$3,995	$4,650	$7,445	$4,550
Hell's Kitchen, New York, NY	$3,700	$4,500	$5,885	$4,595
Midtown East, New York, NY	$3,400	$4,475	$6,361	$4,625
Greenwich Village, New York, NY	$4,100	$5,095	$4,395	$4,800
Upper West Side, New York, NY	$3,450	$4,250	$7,000	$4,906
Midtown, New York, NY	$3,523	$4,750	$6,995	$4,968
Kips Bay, New York, NY	$3,845	$4,070	$5,345	$4,995
Williamsburg, New York, NY	$3,947	$4,699	$5,200	$5,000
East Village, New York, NY	$2,700	$3,850	$5,200	$5,295
Hudson Yards, New York, NY	$3,590	$5,000	$7,600	$5,300
Chelsea, New York, NY	$4,123	$5,476	$8,000	$5,405
Gramercy Park, New York, NY	$3,725	$4,895	$5,495	$5,495
NoMad, New York, NY	$4,395	$5,663	$8,123	$5,781
Tribeca, New York, NY	$4,500	$5,999	$8,340	$7,195

Top Counties Near Massachusetts

There are a total of 106 counties located by Massachusetts. Some of these counties include Waterbury, CT, Worcester, MA, and Quincy, MA. The average rent for rentals in these counties is $3,524. 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 $1,450. Vice versa, with an average rent of $45,000, East Hampton, NY is the most expensive county by Massachusetts.

Typically, rent for studios in Massachusetts is 29.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Massachusetts is 9.31% more expensive than other counties nearby. Finally, rent for two bedrooms in Massachusetts is 2.14% 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	$1,125	$1,150	$1,500	$1,450
Worcester, MA	N/A	$1,770	$2,225	$2,325
Quincy, MA	$1,713	$2,345	$2,722	$2,750
Boston, MA	$2,720	$3,200	$3,825	$3,548
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630
Brookline, MA	$2,415	$2,950	$3,600	$3,700
Newton, MA	N/A	$2,400	$3,200	$4,399
Southold, NY	N/A	$3,750	$7,750	$15,000
East Hampton, NY	N/A	N/A	$24,750	$45,000

Top Zipcodes Near Massachusetts

There are a total of 49 zipcodes in or near Massachusetts. The average rent for all of these zipcodes is $4,295. A total of 12 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19121, Philadelphia, PA at $1,725 per month. In comparison, the zipcode with the most expensive average rent of $5,895 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,240. 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 $3,950 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,250 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	$3,550	$4,384	$5,799	$4,850
10003, New York, NY	$3,900	$4,845	$5,250	$5,070
10019, New York, NY	$3,700	$4,570	$6,300	$4,708
10009, New York, NY	$2,660	$3,798	$5,250	$5,295
10128, New York, NY	$3,250	$3,900	$5,193	$4,200
10038, New York, NY	$3,770	$4,733	$6,390	$4,598
10022, New York, NY	$3,450	$4,650	$6,250	$4,800
10005, New York, NY	$3,712	$4,895	$7,619	$4,304
10011, New York, NY	$3,925	$5,423	$8,258	$4,750
10010, New York, NY	$3,955	$4,878	$5,395	$4,995

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 $3,400. 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 $2,600 and an average price per square feet of $5.54. There are a total of 472 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 $2,900 and an average price per square feet of $4.21. There are a total of 2,012 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 $3,300 and an average price per square feet of $3.23. There are a total of 2,658 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 0.18%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.10%, 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 $2,720/month. You can search for these reasonably priced rental listings on RentHop.