Is Boston, Massachusetts, Affordable for Renters? [2025]

Boston remains one of the least affordable cities for renters in 2025. The median rent in Boston is $2,466, significantly higher than the national median of $1,401. That’s a staggering 76% difference in housing costs compared to the national average, making Boston the eighth-most expensive large city in the U.S.

It’s not just rent putting pressure on Bostonians’ budgets; it’s also other living expenses, such as groceries and transportation, which tend to cost more than average. Renters moving to the city or current residents hoping to save a few bucks, understanding affordability and pricing is necessary.

In this guide, we’ll break down current rent prices, market trends, and factors impacting the cost of living in Boston.

What Are the Current Trends in Boston’s Rental Market?

Boston’s rental market continues to grow steadily, alongside its rent prices. Overall rent prices in the city continue to rise, with year-over-year increases of 1.8% and a 1.5% month-over-month increase in July.

The average rent prices for one-bedroom apartments are around $3,600, while two-bedroom units average around $4,100. Larger units are coveted items, especially apartments with three or more bedrooms, and due to demand, they experience faster growth. This is likely due to families and roommate groups searching for more space in a crowded city.

Currently, Boston’s rent growth is outpacing the national average, whereas prices have declined slightly.

Increased housing supply from ongoing construction (over 8,000 units added last year) is helping to moderate rent hikes, and suburban neighborhoods around Boston are seeing growing interest from renters looking for better affordability and more space. Overall, renters now have more negotiating power, especially during the winter months when demand dips.

Average Rent Prices in Boston, Massachusetts

Boston rent prices are known to vary drastically across its unique neighborhoods. Other factors, such as unit size and building age, also impact prices. To give you a clear view of current costs, here’s a breakdown of average rent prices across Boston.

What Is the Average Rent of a One-Bedroom Apartment in Boston?

In July 2025, the average rent for a one-bedroom in Boston is $3,616. Your overall cost will also vary depending on the location, building’s age, and whether your rental has perks like in-unit laundry or a gym.

What Is the Average Rent of a Two-Bedroom Apartment in Boston?

In July 2025, the average rent for a two-bedroom in Boston is $4,463. Two-bedroom apartments offer more space, but are often in higher demand.

How Much Rent Can I Afford in Boston?

Median rents in Boston are above the national average and rank among the highest in the country. You can still find bargains if you’re willing to shop around the city’s different neighborhoods.

Here’s how Boston compares in 2025:

*Cost of Living Index (U.S. average = 100) data sourced from BestPlaces.

Example: As you can see, Boston lands in the middle tier—more affordable than coastal giants but pricier than some Midwestern and Southern cities. The benefit? You still get big-city perks like job opportunities, dining, and culture, without the sky-high rent of New York City or the San Francisco Bay Area.

Before you dive into listings, it helps to know a few standard budgeting rules. None of them are perfect, but they offer a solid starting point to set realistic expectations and avoid overspending (or underestimating what you can get).

The 30% Rule

Budgeting for housing costs? Don’t spend more than 30% of your gross income on housing. That’s the general advice of the 30% rule. For example, if you make $7,000 monthly before taxes, you can comfortably rent a place for $2,100 per month. Boston prices are relatively high, which might make the 30% rule feel more like a suggestion. Use it as a guideline rather than a dealbreaker.

The 50/30/20 Rule

Another budgeting framework, the 50/30/20 rule, categorizes your after-tax income into three categories: 50% of your income goes to needs (including rent), 30% to wants, and 20% to savings or debt repayment.

Rent is just one aspect of the “needs” category. Don’t forget to budget for other essential expenses like bills and groceries. This framework gives you a general idea of what you can afford to spend and in which categories.

The 3x Rent Rule

Landlords may use the 3x rent rule to determine if renters can afford to pay rent. The idea is that your gross monthly income should be at least three times your rent. For example, if you want to rent a $2,000 apartment, you’d need to earn $6,000 monthly.

If you’re interested in renting an apartment that doesn’t adhere to this rule, offering a bigger deposit and having a strong rental history may help you land the lease.

How Does the Overall Cost of Living in Boston Compare to the National Average?

Currently, Boston’s cost of living is 44% higher than the U.S. average. In Boston, housing is the most significant contributor, at 46% above the national norm. Groceries, transportation, and healthcare are also higher than the national average.

Utilities are another notable expense category for Bostonians, with residents paying around 52% more than the national average. What does this mean for renters or those moving to Boston? Make sure you have a steady income in this high-cost-of-living city.

Are Utilities and Other Expenses Affordable in Boston?

Compared to rental prices, utilities are manageable in Boston. While still more expensive than the national average, they’re on par with the state average. Electricity costs average $145 per month, while gas bills cost around $76. Water is slightly more affordable than the national average, but fuel costs run higher.

Other expenses, such as internet, run between $70 and $80 per month, while mobile phone plans average about $60. Car owners in the city can expect to pay high parking costs, with monthly garage rates and street parking that’s hard to find.

On the upside, Boston’s public transit system, the Massachusetts Bay Transportation Authority (MBTA), is affordable, and a monthly LinkPass costs $90, which you can use on the subway and bus lines.

How Does the Cost of Renting Vary By Neighborhood in Boston?

Where you decide to settle down in Boston can make a huge difference in your rent price. Below, we’ll help you explore average rents across popular Boston neighborhoods to find a rental match suitable for your lifestyle.

Rent in Boston’s Cheapest Neighborhoods

It’s easy to overspend on rent in Boston neighborhoods. If you want to make every dollar count, look at areas where prices are below the city average, which is around $3,600 for a one-bedroom apartment. Here are the top four cheapest neighborhoods.

Southern Mattapan

Southern Mattapan is a quiet residential area for renters who want more space without high price tags. With access to the Mattapan Trolley and bus routes, it offers suburban living with city perks. You can expect larger units with family-friendly streets at some of the lowest rental prices in Boston.

Codman Square-East Codman Hill

Codman Square-East Codman Hill does it all, with diverse culture, houses that are typically a bit older, and an active community. The neighborhood is still accessible via bus lines, and the area has shops where you can putter around on weekends. Codman Square-East Codman Hill is ideal for renters who want affordability and a neighborhood with more than a little character.

Fields Corner East

Perhaps the biggest draw of Fields Corner East is its main street, and the area has Red Line access, providing a convenient connection to Downtown Boston in under 25 minutes. Affordable rental prices and a wide range of restaurants make it a favorite for young renters who prioritize transit and nightlife without overspending.

Franklin Field North

Franklin Field North has some of the lowest rent rates in Boston. The area offers roomy units near Harambee Park and Franklin Park Zoo. Families enjoy access to green spaces, while commuters appreciate the multiple bus lines connecting residents to nearby Red Line stations.

Rent in Boston’s Most Expensive Neighborhoods

Interested in living in luxury and paying the price? Boston’s most expensive neighborhoods offer premium amenities, historic architecture, and the best locations.

Back Bay

Don’t mind dropping a wad of cash every month? Back Bay is the “it” girl of Boston. The neighborhood has everything from luxury high-rises to iconic brownstones, not to mention proximity to Newbury Street and the Public Garden. Professionals love the upscale living and walkability, as long as they’re willing to shell out for the steep rent.

South End

Move to the South End for hip restaurants, brownstones, and a vibrant arts scene. As a stylish, centrally located neighborhood, it offers residents a bevy of beautiful parks and walkable streets with that upscale neighborhood feel.

Fenway-Kenmore (West Fenway)

Fenway-Kenmore is known for Fenway Park and its youthful energy, thanks to the presence of nearby universities. Rents are high due to new luxury developments and proximity to nightlife, making it ideal for young professionals willing to pay for convenience and entertainment.

Thompson Square - Bunker Hill

Thompson Square - Bunker Hill is a Boston neighborhood that is steeped in history. The area has narrow brick sidewalks alongside beautiful brownstones. It also offers plenty of Revolutionary-era attractions for history buffs, like the Bunker Hill Monument and Museum and the historic Warren Tavern.

What Is a Comfortable Salary for a Renter in Boston?

If you want to afford Boston’s median rent comfortably, you’ll need to earn about $96,000 a year (or $8,000 per month). Renters earning $96,000 per year can use the standard 30% rule framework to allocate around 30% of their gross income for rent.

This doesn’t align with the MIT Living Wage Calculator estimate, which suggests one adult with no children should make around $64,000 to cover expenses. Those earning around $64,000 per year (or $5,333 per month) could afford to spend around $1,600 on rent, which is significantly below the median rent of $2,407.

With that in mind, some renters manage to make it work on a lower income by relocating to a more affordable neighborhood, living with roommates, or opting for a smaller unit.

Are There Hidden Costs to Renting in Boston?

You betcha. There are almost always hidden costs associated with renting, especially in a high-cost-of-living city like Boston.

You can expect a range of costs, from up-front fees to monthly extras and occasional surprises.

Here are the top fees to look out for:

• Renters insurance: Many Boston landlords require renters insurance. Plans are typically affordable, ranging from $15 to $25 per month. If you really shop around, you could land a deal for as low as $12.
• Security deposits and other initial costs: Most Boston leases require the first month’s rent, the last month’s rent, and a security deposit equal to one month’s rent up front. That means you’ll need to pay three times your rent before even moving in.
• Application and admin fees: Expect to spend an average of $25 to $100 per application. Additionally, there may be other potential admin fees that can range between $100 and $300 when lease paperwork is processed.
• Parking: Owning a car in Boston can be costly, especially when it comes to parking. Monthly rates in downtown neighborhoods often range from $250 to $400, while residential areas tend to be more affordable, averaging $125 to $200.
• Pets: Pet owners should budget for expenses like nonrefundable pet fees, monthly pet rent, and refundable pet deposits.
• Moving costs: Hiring movers? Set aside $400 to $1,200 for the big day. Prices depend on unit size. You can also DIY your move by renting a truck for the day.

What Are the Best Ways to Save on Rent in Boston?

With Boston’s high rental prices, finding ways to save can make a real difference to your budget. Whether you’re moving into your first apartment or relocating to a new neighborhood, these are our top recommendations to help you save without compromising on location or quality.

1. Explore Rental Assistance Programs

Different programs in Boston offer affordable housing and income-restricted housing support through the Boston Housing Authority and the Inclusionary Development Policy (IDP). These apartments often cost much less than other rentals and are available in appealing neighborhoods if you meet income limits.

2. Negotiate Your Rent

Consider relocating to Boston or moving during slower rental seasons, such as winter. During these times, you can often negotiate with landlords for lower rent or reduced fees.

3. Consider Getting a Roommate

Roommates aren’t always appealing, but when it comes to saving money on rent, they’re the easiest way to cut costs. Before moving in with a virtual stranger, do your due diligence and ensure they’re a reliable human who respects your privacy and boundaries.

4. Target Location Over Amenities

Ditch the hot amenities and focus on location-related perks, such as walkability, commute times, and access to public transportation. Snagging the perfect location for your lifestyle is usually worth it in the long run.

5. Look for Off-Peak Rental Deals

Snagging a new rental between November and March can help you get deals on rent. In Boston, rents can dip by 5% to 8% during the winter months. Set alerts on Apartment List and be prepared to act quickly when deals become available.

6. Understand Tenant Rights

Boston has strong tenant rights and rental laws that offer protection to renters. Review the Massachusetts General Laws to understand your rights regarding rent increases, fees, and eviction notices, which can prevent a situation where your landlord takes advantage of you.

Find an Apartment in Boston

Don’t waste your downtime doomscrolling through apartments. Whether you’re drawn to the vibrant culture of the South End or the budget-friendly options in Frankland Field North or Southern Mattapan, Apartment List can simplify your search.

Take our four-minute quiz to match with apartments that fit your budget, must-have features, and commute. What will you get? Personalized listings are updated in real time so that you can find your ideal apartment in Boston. With us, you’ll spend five minutes and save 50 hours searching.

FAQs: Is Boston Affordable for Renters?

Is renting cheaper than buying a home in Boston?

Yes. Boston’s median home prices are among the highest in the U.S. Even small units can come with high mortgage interest rates and property taxes. Renting provides you with more flexibility and lower up-front costs.

Is Boston’s rental market competitive?

Absolutely. Boston’s rental market is notoriously tight, with demand largely driven by the presence of highly respected universities, healthcare centers, and growing tech companies. Listings move quickly, especially in desirable areas such as Back Bay, the South End, and Fenway-Kenmore. Having your paperwork ready and utilizing tools like Apartment List can give you a competitive edge.

What’s a livable wage in Boston?

The MIT Living Wage Calculator indicates that a single adult needs to earn about $30.74 an hour—or $63,942 annually—to live comfortably. That number increases for families.

What if I can’t afford rent in Boston?

If you’re struggling to pay rent, consider neighborhoods with lower median rents, such as East Boston or areas outside the city, like Malden or Quincy. Roommates can also be a boon if you’re trying to cut housing costs drastically, and moving during winter months when demand is low can help you lock in reduced rates.

Are utilities typically included in rent in Boston?

Not usually. Most Boston apartments charge rent plus utilities, meaning you’ll pay for gas, electricity, water, and sewer. Before signing the lease, ask the landlord which utilities are included, if any.