Boston moved up two spots and into the top 5 markets to rank as the 4th most expensive rental market in the nation last month. One bedroom rent grew 1.3% to $2,300, while two bedrooms remained flat at $2,700.
(Note: This map is interactive so you can zoom and hover over the neighborhoods and the legend for more info)
While Jamaica Plain and East Boston had the fastest growing rents since last quarter, up 10% and 7%, respectively, Dorchester and South End saw the biggest rent dips, down 8% and 6%, respectively.
Downtown Boston ($2,980) inched past South Boston Waterfront ($2,970) to become the most expensive neighborhood to rent this winter. Chinatown – Leather District ($2,700), West End ($2,690), and Back Bay ($2,675) followed suit as the next priciest areas. More affordable rentals, priced at less than $2,000, could be found in Allston, West Roxbury, and Mission Hill.
Check out how Boston rents compare with the rest of the nation’s by viewing our February National Rent Report, which analyzes over 1 million active listings to identify rental trends across the 100 largest U.S. cities.
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For a refresher on how we analyze our rental data, view our methodology blog post here.
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