Visibility: 10 mi. News Renting. The Best of One-Bedroom Apartments in Boston. The average Fair Market Rent for a 2-bedroom home in Michigan is $773 per month. Before you panic about Boston’s high rent costs, familiarize yourself with data on the market so you can make thoughtful choices about relocating to Beantown. Boston is a pet friendly city. Boston is 12.70% less expensive than New York (without rent, see our cost of living index). The average one-bedroom rent for 2020 is hovering at around $3,000. As of October 2020, the average rent for an apartment in Boston, MA is $2787 which is a 10.76% decrease from last year when the average rent was $3087, and a 3.66% decrease from last month when the average rent was $2889. Precipitation: 2.04" Humidity: 64%. Sign In Email Address Password Sign In. 1. Apartment rent in Boston has increased by 10.1% in the past year. The cost of living in Boston, MA is 48 percent higher than the national average. The median one-bedroom apartment rent in Boston as of April 1 was $2,500 a month, up 4.2 percent from April 2019, but unchanged from March. Beds Avg Sq Ft Avg Rent; Studio: 725: $2,701: 1 BR: 77: $3,546: 2 BR: 913: $2,957: 3 BR: 1,256 : $3,295: Articles. The median home value in the city of Boston, according to Zillow, is nearly $597,000 as of the end of October 2019, and is expected to inch up by 2.3% in 2020. The NLIHC found that in the Boston, Cambridge and Quincy area, the average person would need to make closer to $42.19 per hour to afford a two-bedroom rental, or more than $87,000 per year. Clear Filters x ... Diego Dallas San Jose Austin Jacksonville San Francisco Columbus Indianapolis Fort Worth Charlotte Seattle Denver El Paso Washington Boston Detroit Nashville. Average rents around Harvard are down 6.5%, followed by downtown Boston with a 6.3% drop. South Boston rent averages are noticeably lower than rent prices in the South End, but much higher than the average rent prices in Dorchester. At the same time, the U.S. Census Bureau estimates that homeowners pay a median of nearly $2,400 per month in mortgage outlays and other costs such as property taxes and utility bills within the city of Boston. Average asking rent for office space in Downtown Manhattan in Q4 2020, by submarket. Rents for apartments in Boston are soaring and a slew of new construction is unlikely to make it any easier or cheaper for all but the well-off to find an affordable place to live. Rent in Boston is, on average, 20.63% lower than in New York. You can browse pet friendly apartments in Boston, MA by using our pet filter. Beds Avg Sq Ft Avg Rent; Studio: 725: $2,701: 1 BR: 77: $3,546: 2 BR: 913: $2,957: 3 BR: 1,256 : $3,295: Articles. European Side. What is the cost of rent in Boston? From there, we evaluated changes seen since January 2020. For FY 2020, the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area (Middlesex County) rent for a studio or efficiency is $1,715 per month and $3,131 per month to rent a house or an apartment with 4 bedrooms. Boston may not be quite as pricey as San Francisco or New York, but it’s still expensive. According to Apartment List (March 2019), a studio apartment in Boston is going for a median monthly rent of $1,486. For FY 2020, the Ann Arbor, MI MSA (Washtenaw County) rent for a studio or efficiency is $900 per month and $1,767 per month to rent a house or an apartment with 4 bedrooms. Report: The median cost of a one-bedroom rental in Boston is down 12.6 percent. Compared to the national average of $1,650, Massachusetts rent … San Diego, CA. Pros of Renting a Studio Apartment. How much is the rent in Istanbul? 7. Low Temp: 29 °F. Check Availability. Boston, MA. Renters in South Boston save, on average, $400 per month compared to their neighbors in the South End for 1-bedroom and 2-bedroom apartments. The average rent price per square foot in Boston, MA is $3.38. Dreaming of moving to Boston? Loading Properties. As of March 2021, the average apartment rent in Boston, MA is $2,701 for a studio, $3,546 for one bedroom, $2,957 for two bedrooms, and $3,295 for three bedrooms. What is the Walk Score for Boston, MA? One-bedroom apartments in Boston rent for $2484 a month on average (an 8.09% decrease from last year). Pressure: 30.08 "Hg. The average one bedroom apartment in the United States costs $930 a month. Search 3,729 Rental Properties in Boston, Massachusetts. Quick Climate Info; Hottest Month: July (74 °F avg) Coldest Month: January (30 °F avg) Wettest Month: December (2.04" avg) Windiest Month: February (11 mph avg) Annual precip. San Francisco . Move-in Date. Dew Point: 24 °F. Between January 2020 and April 2020, the average rent for a two-bedroom apartment in the city was about $2,900, according to data from Zumper. South Boston and Seaport rents are down 5.2% and Jamaica Plain prices dropped 4.8%. The median for a one bedroom apartment jumps to $1,696, while a two bedroom crosses the $2,000 threshold at $2,103. According to the National Association of Realtors®, there were 18.2% fewer homes available for purchase in June 2020 than the year before. It then crunched the rent per square foot per city. Median Home Value: $653,632 1-Year Appreciation Rate: +4.8% Median Home Value (1-Year Forecast): +9.6% Average Days On Market (Single Family): 31. There is lots to see and do in this district. The average rent in Boston varies considerably depending upon the neighborhood and number of bedrooms. Family of four estimated monthly costs are 4,152.29$ without rent (using our estimator). The Boston, MA housing market is somewhat competitive, scoring 56 out of 100. The cost of renting an apartment in Boston last year rose, on average, by the lowest percentage since the city began tracking prices in 2014, according to data released Tuesday by … This is a one percent increase year over year, a trend that many are predicting will continue. Housing is twice as high in Boston than the United States average. At number one on the list, this California city has an average rent of $3,500 for a one-bedroom apartment. The average Fair Market Rent for a 2-bedroom home in Massachusetts is $1,588 per month. Mean Temp: 36 °F. December Climate & Weather Averages in Boston. With an averge apartment size of 1,045 sqft, the average price per square foot in Massachusetts is $2.391. How do I find pet friendly apartments for rent in Boston, MA? Rent. Boston residents spend, on average, between $250 and $330 on utilities such as electricity, heating, water or garbage – depending on the time of year. Average Rent in Boston, MA. Between February 2020 and February 2021, apartment rents grew by more ten percent in two different states in the United States. Show all statistics (6) Boston Supply of office space in Boston 2020, by district. The average Boston house price was $710K last month, up 2.9% since last year. This is a 14% decrease compared to the previous year. Compare rents by neighborhood in New York, NY. To determine average rent prices, we started with January 2021 data from Apartment Guide and Rent.com’s multifamily rental property inventory. See average rents and trends in New York City, NY. Trends in wages decreased by 0.0 percent in Q4 2020. Some landlords offer studio apartments with all utilities included in the flat, monthly rent, an extra financial benefit. Housing costs in Boston, Massachusetts tend to be high. According to the most recent data from Zillow, the average rent in Massachusetts for December 2020 is $2,500. Median Rent Price: $2,950 Price-To-Rent Ratio: 18.46 Boston-Cambridge-Quincy Unemployment Rate: 5.9% (latest estimate by the Bureau Of Labor Statistics). What is the average rent price per square foot in Boston, MA? About Apartments for Rent in Boston, MA . Not only is it cheaper to rent a studio apartment than a one bedroom, but you also save on utilities and electricity due to the smaller living space. As of March 2021, the average apartment rent in Boston, MA is $2,701 for a studio, $3,546 for one bedroom, $2,957 for two bedrooms, and $3,295 for three bedrooms. Find Boston apartments, condos, town homes, single family homes and much more on Trulia. The average rent for a 1-bedroom apartment apartment in Somerville, MA is currently $1,900. Adobe Stock Eileen McEleney Woods Boston.com staff October 30, 2020 9:55 am The price of a one-bedroom apartment in Boston is down 12.6 percent since this time last year, according … Boston Real Estate Market 2021 Overview. Boston's rental price decrease reflects the trend of price drops in expensive rental markets across the nation. Monthly prices are based on the average price for that respective month. Boston trails New York ($3,599), San Francisco ($3,153) and San Jose ($2,630), the REIS report says. Renters in the ten Boston neighborhoods that saw the steepest declines in rent from the onset of the coronavirus pandemic March through Sept. 1, are seeing an average … Message Send Message X. Luxury apartments, of which we have many amazing choices, also impact that average. The average effective rent for the U.S. is $1,426. High Temp: 42 °F. Walk Score for Boston, MA is 82/100. The median two-bedroom rent … It is a coastal district and has bars, cafes and shops along the promenade.Rent on the Asian side is also much cheaper than in Thrace, and you can find rental apartments in Kadikoy around €350 to €700 per month. A single person estimated monthly costs are 1,151.93$ without rent. To cover that and not spend more than 28% of income on rent, a household must earn upwards of $124,200. The Best of One-Bedroom Apartments in Boston. Studios apartments are ideal as an economical option. Average Price: €400 - €1,000 When you say the word “Beantown”, most people … See the chart below for the real-time average rent in Boston by bedroom.