According to our January 2020 National Rent Report, Boston was the 3rd most expensive rental market with one bedroom rent growing 3.6% to $2,590, while two bedrooms decreased 1.2% to $3,390. Notably, on a year over year basis, two bedroom rent is up 8.5%.
This winter, Chinatown – Leather District was the most expensive neighborhood with one bedrooms priced at $3,400. Downtown Boston, South Boston Waterfront, et Back Bay were the next priciest areas with rents all above the $3,000 threshold. More affordable rents, priced closer to the one bedroom city median, could be found in Charlestown, South Boston, et Fenway.
Meanwhile, the least expensive neighborhoods were all priced at $1,800 or below and included Mattapan, Hyde Park, et Roslindale.
See how Boston rents compare with the rest of the nation’s by viewing our most recent 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 ici.
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