4 Apartments under 1400 for rent in Boston, MA

Last updated August 14 at 10:34pm UTC
Centre Street Apartments
1799 Centre Street
Boston, MA
Updated August 9 at 6:16pm UTC
Studio
$1,350
1 Bedroom
$1,450
2 Bedrooms
$1,700
365 Beacon St
Back Bay
Boston, MA
Updated August 6 at 6:09am UTC
1 Bedroom
$1,050
Results within 1 miles of Boston, MA
7 Marcella St #parking
Wellington - Harrington
Cambridge, MA
Updated August 14 at 2:19pm UTC
Studio
$150
Results within 5 miles of Boston, MA
15 Hurd Rd
Cushing Square
Belmont, MA
Updated August 14 at 10:34pm UTC
5 Bedrooms
$995

August 2018 Boston Rent Report

Welcome to the August 2018 Boston Rent Report. Boston rents increased over the past month. In this report, we'll evaluate trends in the Boston rental market, including comparisons to cities throughout the metro, state, and nation.

View full Boston Rent Report
Rent Report
Boston

August 2018 Boston Rent Report

Welcome to the August 2018 Boston Rent Report. Boston rents increased over the past month. In this report, we'll evaluate trends in the Boston rental market, including comparisons to cities throughout the metro, state, and nation.

Boston rents increased significantly over the past month

Boston rents have increased 0.4% over the past month, and have increased marginally by 0.5% in comparison to the same time last year. Currently, median rents in Boston stand at $1,690 for a one-bedroom apartment and $2,100 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in December of last year. Boston's year-over-year rent growth lags the state and national averages, which both stand at 1.2%.

Rents rising across the Boston Metro

Throughout the past year, rent increases have been occurring not just in the city of Boston, but across the entire metro. Of the largest 10 cities that we have data for in the Boston metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Haverhill has seen the fastest rent growth in the metro, with a year-over-year increase of 4.6%. The median two-bedroom there costs $1,520, while one-bedrooms go for $1,220.
  • Over the past year, Lowell has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,530, while one-bedrooms go for $1,230.
  • Newton has the most expensive rents of the largest cities in the Boston metro, with a two-bedroom median of $2,330; rents were up 0.1% over the past month and 2.0% over the past year.

Other large cities nationwide show more affordable rents compared to Boston

As rents have increased in Boston, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most similar cities across the country, Boston is less affordable for renters.

  • Boston's median two-bedroom rent of $2,100 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.5% increase in Boston.
  • While Boston's rents rose over the past year, many cities nationwide saw decreases, including Seattle (-2.4%), Chicago (-1.8%), and Baltimore (-1.6%).
  • Renters will generally find more expensive prices in Boston than most other large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Boston is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Boston $1,690 $2,100 0.4% 0.5%
Lowell $1,230 $1,530 0.7% -1.3%
Cambridge $1,820 $2,250 0.1% 0.7%
Brockton $1,320 $1,640 0.4% -0.5%
Quincy $1,510 $1,870 0.3% 0.9%
Newton $1,880 $2,330 0.1% 2.0%
Lawrence $1,360 $1,690 -0.1% 1.9%
Somerville $1,690 $2,100 0.3% 0.1%
Framingham $1,510 $1,870 1.5% 1.3%
Haverhill $1,220 $1,520 -0.3% 4.6%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.