Home Apartment What Is the Common Lease in Boston, MA?

What Is the Common Lease in Boston, MA?

What Is the Common Lease in Boston, MA?

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As of February 2023, the common house hire in Boston, MA is $2,682 for a studio, $3,215 for one bed room, $4,105 for 2 bedrooms, and $5,517 for 3 bedrooms. House hire in Boston has elevated by 1.0% up to now 12 months. 

With a vibrant, historic background, Boston has one thing to supply everybody. Nestled alongside Massachusetts Bay, residents love the top-notch culinary scene and delightful water views. You’ll discover loads of historic landmarks all through the town,
from Plymouth Rock to Freedom Path. There’s a chunk of American historical past in every single place you look. Boston’s must-visits embody Fenway Park, the New England Aquarium, and the Museum of Science. Boston affords an unprecedented ambiance stuffed
with wealthy historical past and a love for craft beer. There’s a neighborhood ultimate for any renter!

Boston, MA skyline from the bay.

Beds Common Sq. Ft Common Lease
Studio 512 sq. ft. $2,682 /mo. 
One-Bed room House 706 sq. ft $3,215/mo. 
Two-Bed room House 997 sq. ft.  $4,105 /mo. 
Three-Bed room House 1,239 sq. ft.  $5,517/mo. 
Statistic Worth
Per Capita Revenue  $71,257 
Median Family Revenue  $96,559 
Complete Inhabitants  4,899,437 folks 
Common Age  40 years outdated 
Common Lease  $2,514 monthly 
Annual Lease Change -0.8%

Questioning if you happen to can afford to reside in Boston? The hire affordability calculator may help you establish your finances.

Beacon Hill 

Brick apartments and sidewalks line a narrow street in Beacon Hill, Boston MA.

Residing on the coast of the Charles River, Beacon Hill is among the oldest neighborhoods within the nation. Residents love the historic structure, vintage retailers, and advantageous consuming, together with a 50-acre historic park that gives Hatch Park Memorial, a
riverside park amphitheater with garden seating. Together with historic houses, just like the Nichols Home Museum, and the Museum of African American Historical past, Beacon Hill homes the unique Cheers, the long-lasting pub from the hit sitcom. Regardless that the hire can
be costly, renters vouch that the river views, metropolis parks, and Downtown Boston location are value it! 

Beds Common Sq. Ft Common Lease
Studio 362 sq. ft.  $1,759 /mo. 
One-Bed room House 583 sq. ft.  $2,521 /mo. 
Two-Bed room House 1,277 sq. ft.  $2,726 /mo. 
Three-Bed room House 907 sq. ft.  $2,879 /mo. 

When you’re searching for a neighborhood that also has the long-lasting historic background Boston affords however with fewer vacationers, look no additional than the North Finish! As soon as dwelling to revolutionary icons similar to Paul Revere, the neighborhood now attracts in
new residents. Locals step out of their flats for thin-crust pizza and domestically brewed Samuel Adams beer at Benevento’s Brick Oven Pizza and Kitchen. Residents who’re in search of a break from Italian meals rave about Billy Tse’s
for Chinese language. When you’re in search of a extra inexpensive and family-friendly neighborhood, take a look at Jamacia Plain

Statue of Paul Revere in North End, Boston MA

Beds Common Sq. Ft Common Lease
Studio 490 sq. ft.  $1,746 /mo. 
One-Bed room House 650 sq. ft.  $2,873 /mo. 
Two-Bed room House 965 sq. ft.  $3,921 /mo. 
Three-Bed room House 1,426 sq. ft.  $5,675 /mo. 

Recognized for being one in all Boston’s greenest and most various neighborhoods, Jamacia Plain is surrounded by the town’s “Emerald Necklace” of parks, drawing in households from throughout Boston. Right here, residents benefit from the eating and
leisure on Centre Road within the center and northern areas of the neighborhood. There are many actions for the entire household, such because the Franklin Park Zoo and Decrease Neponset River Path. The rail service connects Jamacia Plain to
the remainder of the Boston space, with a number of stops alongside the jap facet of the neighborhood. 

Lake with swan boats in Jamaica Plain, Boston MA.

Beds Common Sq. Ft Common Lease
Studio 506 sq. ft.  $2,672 /mo. 
One-Bed room House 598 sq. ft. $2,344 /mo. 
Two-Bed room House 867 sq. ft. $3,229 /mo.  
Three-Bed room House 1,138 sq. ft.  $4,084 /mo. 

South Finish 

Jogging trail along the bay in South End, Boston MA.

Boston’s South finish has one thing to supply everybody, similar to improbable retailers, eating places, and the Victorian class of Columbus Avenue. Residents benefit from the walkable, nature-filled neighborhood with a number of parks, together with among the greatest eating places
in Boston. When you select to hire an house within the South Finish, you’ll take pleasure in strolling previous historic housing and buildings that embody the whole lot from fashionable boutiques to artwork galleries to cafes. You’ll additionally uncover South Finish’s recognition
amongst artists, giving the neighborhood a contemporary but historic really feel. 

Beds Common Sq. Ft Common Lease
Studio 532 sq. ft. $2,182 /mo. 
One-Bed room House 729 sq. ft. $2,760 /mo. 
Two-Bed room House 1,072 sq. ft.  $3,737 /mo. 
Three-Bed room House 1,370 sq. ft.  $5,097 /mo.

Fenway 

Fenway Park on a sunny afternoon in Boston, MA.

There is no such thing as a different neighborhood in Boston fairly like Fenway. With tons of scholars, faculties, and the well-known Fenway Park, you possibly can at all times make certain there’s one thing to do. You can too discover an abundance of tree-filled parks since Fenway is part of
the “Emerald Necklace.” Renters on this neighborhood have quick access to universities like Berklee Faculty of Music, Massachusetts Institute of Expertise, and Northeastern College. In fact, the star of Fenway is Fenway Park, the oldest
park within the MLB and residential of the Boston Purple Sox. When you’re in search of a quieter neighborhood, Jamacia Plain or the
South Finish are nice decisions. 

Beds Common Sq. Ft Common Lease
Studio 407 sq. ft. $2,373/mo.  
One-Bed room House 663 sq. ft. $3,138 /mo. 
Two-Bed room House 876 sq. ft. $3,927 /mo. 
Three-Bed room House 842 sq. ft. $5,150 /mo. 

Whether or not you’re a historical past lover, a sports activities fan, a tutorial, or a foodie, Boston is a one-of-a-kind location with a wealth of historical past and tradition. Discover your house in Boston now and also you’ll quickly be having fun with all this metropolis has to supply.

House hire knowledge is supplied by CoStar Group’s February 2023 Boston Market Report.

Up to date on February 1, 2023 to mirror present hire costs.

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