Boston rents and rental comps
The median asking rent across 20 Boston zip codes is $3,431/month, down 0.5% from a year ago.
Universities and hospitals run this city and create constant demand in one of the most supply-constrained markets in the country. Vacancy is a myth here. So are affordable rents. That's your upside as a landlord.
Median Asking Rent
$3,431
Rent Change (YoY)
-0.5%
Avg Days on Market
52
Active Rental Listings
9,729
Median List Price
$874,500
Median Asking Rent Over Time
Average across 20 zip codes
Median Asking Rent by ZIP Code
Rental Listings by ZIP Code
ZIP | Median Rent |
|---|---|
| 02120 | $3,995/mo |
| 02118 | $3,900/mo |
| 02111 | $3,890/mo |
| 02127 | $3,650/mo |
| 02109 | $3,610/mo |
| 02110 | $3,600/mo |
| 02116 | $3,600/mo |
| 02114 | $3,575/mo |
| 02129 | $3,550/mo |
| 02113 | $3,300/mo |
| 02115 | $3,300/mo |
| 02119 | $3,300/mo |
| 02108 | $3,275/mo |
| 02125 | $3,200/mo |
| 02130 | $3,200/mo |
| 02121 | $3,050/mo |
| 02128 | $3,000/mo |
| 02131 | $3,000/mo |
| 02124 | $2,978/mo |
| 02122 | $2,900/mo |
Comps for any address in Boston
Type the address, get the comps. No setup.
Median Asking Rent by Bedroom
| Unit Size | Median Rent |
|---|---|
| Studio | $2,486/mo |
| 1 Bedroom | $2,934/mo |
| 2 Bedroom | $3,728/mo |
| 3 Bedroom | $4,233/mo |
| 4 Bedroom | $4,913/mo |
Aggregated median across all Boston zip codes with available data.
For-Sale Listings by ZIP Code
| ZIP | Median List Price |
|---|---|
| 02108 | $2,390,000 |
| 02110 | $1,920,000 |
| 02116 | $1,585,000 |
| 02109 | $1,475,000 |
| 02118 | $1,048,000 |
| 02127 | $999,000 |
| 02111 | $995,000 |
| 02115 | $989,000 |
| 02114 | $900,000 |
| 02113 | $899,000 |
| 02120 | $850,000 |
| 02130 | $849,000 |
| 02129 | $799,000 |
| 02119 | $749,000 |
| 02124 | $729,000 |
| 02122 | $719,000 |
| 02121 | $699,000 |
| 02128 | $699,000 |
| 02131 | $685,000 |
| 02125 | $674,000 |
About the Boston rental market
The median asking rent across Boston, MA sits at $3,431/month, pulled from active rental listings in 20 zip codes. That's down 0.5% from a year ago.
Rents aren't uniform across the city. ZIP 02120 tops the list at $3,995/month. ZIP 02122 comes in lowest at $2,900/month. About a 38% gap between the two ends of the city.
A 2-bedroom rents for $3,728/month at the median. 1-bedrooms run about $2,934. 3-bedrooms come in around $4,233.
Listings take longer here. The average is 52 days on market, which gives renters more room to negotiate and means landlords should price carefully.
Rent-to-price math is tight in Boston. The gross figure sits at about 4.7% ($3,431/month against $874,500 median price). Most investors here are betting on appreciation, not monthly cash flow.
Boston has a structural advantage few other cities can match. A massive concentration of universities (Harvard, MIT, BU, Northeastern, BC) and hospitals (Mass General, Brigham, Dana-Farber) generates constant demand from students, residents, fellows, and professors. Supply is severely limited. Geography constrains the city, and NIMBYism makes new construction slow. Back Bay, South End, and Cambridge are premium. Dorchester, Roxbury, and East Boston are cheaper. The September 1st lease cycle is real in Boston. A huge share of leases turn over on that date, which creates a leasing surge every summer. Understanding that seasonal cycle matters if you're pricing rent here.
These numbers are city-wide averages. If you're pricing a specific property in Boston, pull comps from the same zip code. The spread is usually bigger than people expect.
Pull rental comps for an address in Boston
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Boston address to see them.
Nearby rental markets
New York, NY
22 zip codes
Philadelphia, PA
22 zip codes
Washington, DC
20 zip codes
Pittsburgh, PA
20 zip codes
Baltimore, MD
20 zip codes
Austin, TX
20 zip codes
Related guides
How to find rental comps
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What is fair market rent?
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
How Section 8 payment standards work
The three numbers landlords mix up, the 90 to 110 percent band, and a worked example of what the voucher actually pays.