Home News An in-depth look at the Massachusetts rental market: September edition

An in-depth look at the Massachusetts rental market: September edition

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Where can renters get the best deals? Plus a breakdown by Boston area.

Last month’s median rent for a one-bedroom apartment in Massachusetts was $2,500. adobe stock

Average rent for a one-bedroom apartment in Massachusetts is 19% higher in August than in August 2021, according to Recent reports from ApartmentAdvisor.com.

ApartmentAdvisor, a real estate listing site, analyzes the properties on the website and derives findings.

Last month’s median rent for a one-bedroom apartment in Massachusetts was $2,500.

Meanwhile, in Cambridge, Massachusetts’ highest rent, the median one-bedroom rent rose to $2,980. This reflects a change of 19.5% year-on-year.

According to the report, Boston ranks second in a tally of the most expensive one-bedroom apartment rental markets in the Commonwealth. Boston’s median rent in that category was $2,880 in August, which is up a whopping 28% compared to the same period last year, and he reflects an 8.7% increase month-over-month.

Medford ranked third with a median rent of $2,749, followed by Melrose, Brookline and Newton. (Note: For large changes in inventory, such as large multifamily developments open to lease, the website considers the “weighted average price of similar units of the same property when including the individual units.”) I put it in.)

Good news for renters? Median rents have dropped significantly in some communities. So, if you’re looking for a one-bedroom deal, head west of Boston to Shrewsbury (-15.5%), Waltham (-14%), Framingham (-13.5%), Natick (-10.6). %).

See below for a breakdown by Boston neighborhoods and studio, one and two bedroom rentals in select communities statewide.

near Boston:

neighborhood studio 1 bed 2 beds 3 beds
Allston $2,100 $3,100 $3,538 $4,400
back bay $3,000 $3,700 $5,931 $7,999
beacon hill $2,250 $2,825 $3,850 *
Brighton $1,823 $2,212 $2,700 $3,700
charlestown $2,960 $3,150 $4,442 $4,800
Dorchester * $3,100 $2,600 $3,100
downtown $3,390 $4,019 $5,167 $6,368
East Boston * $2,500 $3,000 $3,600
Fenway $2,700 $3,200 $5,115 *
hyde park * * $2,300 $3,300
jamaican plains $3,090 $3,250 $3,709 $3,325
north end * $3,338 $4,225 $5,700
roslindale * $1,975 $2,525 $3,100
Roxbury * $2,100 $2,900 $3,200
seaport $3,425 $4,115 $4,873 *
South Boston $3,300 $3,739 $4,492 $4,500
west end $2,865 $3,850 $5,157 $6,368
west roxbury * $2,655 $2,950 $3,200

studio:

community median rent 1 month change 1 year change
Cambridge $2,560 3.6% 32.4%
boston $2,248 8.3% 24.9%
Quincy $2,147 15.3% 11.7%
brookline $2,116 1% 21.1%
Somerville $1,819 -4.2% 10.3%
Worcester $1,250 -2% 8.7%
mass. $2,100 Four% 10.3%

one bed room:

community median rent 1 month change 1 year change
Cambridge $2,980 1.8% 19.5%
boston $2,880 8.7% 28%
Medford $2,749 21.4% 57.1%
Melrose $2,731 -0.1% 45.7%
brookline $2,725 4.8% 24.1%
newton $2,648 4.2% 39.3%
Everett $2,634 -5.1% 4.8%
Waltham $2,545 -14% 8.3%
Libya $2,538 8.4% 30.7%
beverly $2,500 7.3% 34.4%
Winthrop $2,500 0% 57.5%
natick $2,493 -10.6% -3.3%
water town $2,493 -8.5% 26.2%
Chelsea $2,373 4.4% 35.2%
Somerville $2,344 1.9% 11.6%
brain tree $2,340 0.2% 10.2%
Quincy $2,286 -2.2% 27%
Lexington $2,250 -4.3% 0%
Marlborough $2,220 -7.6% Four%
Weymouth $2,153 1.9% 2.5%
norwood $2,133 1.5% 12.5%
Woburn $2,100 -2.3% 14.7%
Arlington $2,100 -4.5% 12%
malden $2,000 9.6% 23.1%
Lowell $1,940 3.5% 21.3%
marble head $1,925 -3.8%
Rin $1,850 0% -1.5%
Framingham $1,762 -13.5% 9.3%
Salem $1,700 -9.6% Five%
Shrewsbury $1,695 -15.5% -10.7%
Worcester $1,661 2.2% 18.6%
harbor hill $1,543 -3.6% 10.2%
fall river $1,448 -2.2% 28.7%
Leominster $1,376 11.9% 9.2%
springfield $1,250 8.7% 12.4%
Gardner $1,150 0% 2.9%
mass. $2,500 0.4% 19%

two bedrooms:

community median rent 1 month change 1 year change
Cambridge $3,732 6.8% 30.5%
Waltham $3,484 -Four% 36.6%
natick $3,387 -3.5% 47.2%
Melrose $3,331 1% 41.7%
boston $3,200 6.7% 23.1%
brookline $3,200 0.6% 20.8%
brain tree $3,014 6.6% 22.5%
plymouth $2,907 -17% -29.4%
Somerville $2,900 3.6% 17.5%
canton $2,878 0.1% 26.2%
Peabody $2,815 10.4% 11.1%
Framingham $2,795 -0.2% 35.8%
Woburn $2,792 -0.1% 35.1%
Arlington $2,792 -0.3% 9.6%
Winthrop $2,788 7.2% 39.4%
Stoughton $2,755 14.3% 46.1%
norwood $2,700 0% 14.8%
Chelsea $2,697 0.4% 38.3%
Weymouth $2,691 5.5% 22.3%
Libya $2,680 -0.7% 24.6%
Quincy $2,650 -1.8% 32.5%
Marlborough $2,627 -11.2% -4.4%
Medford $2,600 2.2% 18.2%
Belmont $2,600 0% 13%
newton $2,600 1.1% 8.3%
water town $2,600 -3.7% 11.9%
chelmsford $2,515 10.5% 35.6%
malden $2,425 -11.8% 18.4%
beverly $2,400 -11.9% 26.5%
gloucester $2,350 -5.1%
Salem $2,350 -2.1% 6.8%
Rin $2,300 8.9% 9.7%
Lowell $1,999 -0.1% 18.4%
harbor hill $1,900 0% 8.6%
blockton $1,888 9.4% 15.3%
Worcester $1,800 1.4% 5.9%
Leominster $1,678 Ten% 17.8%
fall river $1,400 -9.3% 12%
springfield $1,300 0% 18.7%
mass. $2,850 1.1% 16.3%

Click the map below to see median monthly rent for select communities in Massachusetts.

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