RentData

Average Rent in Boston, MA🔺 2nd priciest in MA

HUD FY2025 · Official government data · Updated annually · Metro pop. 4,917,661

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Boston, MA has rental prices ranging from $2,263/month to $3,761/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $2,394/month — 71% above the national average of $1,400/month. With a median household income of $112,484/year, spending $2,394/month on a 1-bedroom represents 26% of gross income — within the recommended 30% threshold.

How Boston Compares

With an average 2-bedroom rent of $2,837/month, Boston ranks #2 most expensive of the 21 cities tracked in Massachusetts — pricier than 100% of all US cities in our data.

The Boston Rental Market

The Boston, MA area has a population of about 4,917,661 and 38% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Boston, MA have risen by $10/month (0.4%) over the past year, from $2,827 to $2,837. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Boston, MA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $95,760. The local median household income of $112,484 exceeds that threshold by $16,724, making Boston relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Boston, MA is $786,208, giving a price-to-rent ratio of 23.1. With a break-even horizon of approximately 23 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Safety

Crime statistics for Boston, MA show a violent crime rate of 327.22 per 100,000 residents (moderate) and a property crime rate of 1149.53 per 100,000 residents (low). As with any metro area, crime rates vary widely by neighborhood — prospective renters are encouraged to research specific areas within Boston before signing a lease.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Boston's neighborhoods. Among the highest-value areas are West End ($511,596 median home value), Mattapan ($606,648 median home value), Roxbury ($646,669 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$2,263
Affordable
1 Bedroom
$2,394
Affordable
2 Bedrooms
$2,837
0.4% YoY
Average
3 Bedrooms
$3,418
Average
4 Bedrooms
$3,761
Expensive
🔔
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Median Home Value
$786,208
Source: Zillow ZHVI
Est. monthly payment
$4,185/mo
20% down · 30yr · 7%

Is Boston, MA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$113,480/year
Local median income: $112,484
To buy a median home
$167,381/year
US national median: $75,000
💡 Based on a 2BR rent of $2,837/month and 20% down on a $786,208 home at 7% rate.

Nearby Cities in MAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Lawrence$1,346$1,498$1,963$2,365
Brockton$1,607$1,652$2,155$2,730
Lowell$1,537$1,709$2,242$2,701
New Bedford$1,081$1,177$1,448$1,745
Providence$1,233$1,319$1,614$1,945
Taunton$1,302$1,447$1,899$2,405

Rent or Buy in Boston?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Boston data

$
Home Value
$786,208
2BR Rent
$2,837/mo
Mortgage Rate
7%
Monthly P&I
$4,185/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $5,790/movs rent: $2,837/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $786,208 home at 7% rate

20% — $157,242
3%50%
Estimated Monthly Payment
$4,185
per month · 30 years · 7% APR
Loan Amount
$628,966
Total Paid
$1,506,430
Total Interest
$877,464
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Boston

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Boston

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Boston

Is it cheaper to rent or buy here?

💵Rent Affordability in Boston

Salary needed to afford rent here

🗺️All Cities in MA

See how Boston ranks statewide

⚖️Compare Boston

Side-by-side rent & cost of living with any city

📋MA Tenant Rights

Deposit limits, eviction laws & renters protections