Median rents, rental comps, and market trends across 15 zip codes in Boston, MA.
Universities and hospitals run this city and create constant demand in one of the most supply-constrained markets in the country. Vacancy here is basically a myth. So are affordable rents, but that's your upside as a landlord.
Median Asking Rent
$3,859
Rent Change (YoY)
-0.8%
Avg Days on Market
51
Active Rental Listings
6,796
Median List Price
$999,000
Average across 15 zip codes
ZIP | Median Rent |
|---|---|
| 02120 | $5,250/mo |
| 02109 | $4,035/mo |
| 02118 | $3,983/mo |
| 02111 | $3,824/mo |
| 02116 | $3,800/mo |
| 02127 | $3,733/mo |
| 02113 | $3,550/mo |
| 02114 | $3,525/mo |
| 02110 | $3,500/mo |
| 02115 | $3,500/mo |
| 02119 | $3,500/mo |
| 02108 | $3,400/mo |
| 02130 | $3,205/mo |
| 02121 | $3,100/mo |
| 02124 | $3,000/mo |
Get rental comps for any property in Boston
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| Unit Size | Median Rent |
|---|---|
| Studio | $2,400/mo |
| 1 Bedroom | $3,200/mo |
| 2 Bedroom | $4,000/mo |
| 3 Bedroom | $4,870/mo |
| 4 Bedroom | $5,888/mo |
Aggregated median across all Boston zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 02108 | $4,890,000 |
| 02110 | $1,998,000 |
| 02116 | $1,675,000 |
| 02109 | $1,645,000 |
| 02113 | $1,329,000 |
| 02111 | $1,299,000 |
| 02118 | $1,275,000 |
| 02114 | $999,000 |
| 02127 | $999,000 |
| 02119 | $899,000 |
| 02130 | $789,000 |
| 02115 | $745,000 |
| 02120 | $725,000 |
| 02121 | $679,000 |
| 02124 | $629,900 |
The median asking rent across Boston, MA is currently $3,859/month, based on active rental listings across 15 zip codes. Median asking rents have decreased by -0.8% over the past 12 months.
Asking rents vary significantly across the city. ZIP 02120 has the highest median asking rent at $5,250/month, while ZIP 02124 comes in at $3,000/month.
Rental listings in the area spend an average of 51 days on market before being leased, suggesting a more tenant-friendly market.
Boston has a structural advantage that few other cities can match: a massive concentration of universities (Harvard, MIT, BU, Northeastern, BC) and hospitals (Mass General, Brigham, Dana-Farber) that generate constant demand from students, residents, fellows, and professors who need rental housing. Supply is extremely limited because the city is geographically constrained and NIMBYism makes new construction difficult. Back Bay, South End, and Cambridge are premium. Dorchester, Roxbury, and East Boston are more affordable. The September 1st lease cycle is a real thing in Boston — a huge percentage of leases turn over on that date, which creates a surge of activity every summer. If you're pricing a rental here, understanding that seasonal cycle matters.
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