ApartmentAdvisor Massachusetts Rent Report
September 2024
Every month, ApartmentAdvisor analyzes median rent prices for units available for rent in Massachusetts, highlighting the cities and towns with the most and least expensive median rent prices, as well as recent rent price trends.
Massachusetts Median Rent Price Map
Massachusetts Rent Price Trends by City/Town
The median rent price for a one-bedroom apartment in Massachusetts dipped slightly in September to $2,476, down 1% compared to August, and flat compared to September 2023. Despite this slight cool-off, Massachusetts still ranks as the second most expensive state in the U.S. to rent a one-bedroom apartment, behind the state of New York. More information on how rent prices in Massachusetts compare to other states can be found in our National Rent Report.
Most Expensive Cities to Rent
Cambridge, MA was again the most expensive city to rent in Massachusetts this September, with the median price of a one-bedroom apartment at $2,858 per month. Though still relatively pricey, the median price was down 1.7% from August, and down 5.3% compared to the same period last year. Brookline was in second place with the median one-bedroom price at $2,850 per month (unchanged from last month, and up 1.7% year-over-year. One-bedroom prices in Boston (#3) were up slightly (1.7%) from August at $2,750, but down 5.2% compared to September 2023.
Least Expensive Cities to Rent
The least expensive Massachusetts cities to rent a one-bedroom apartment in September were Springfield ($1,350), Fall River ($1,500), and Leominster ($1,610).
City | Median Rent | 1 Month Change | 1 Year Change |
---|---|---|---|
Massachusetts | $2,476 | -1% | - |
Haverhill, MA | $1,796 | -0.2% | 2.5% |
Arlington, MA | $2,237 | -1.7% | -8.2% |
Framingham, MA | $2,100 | 5% | 8.5% |
Lowell, MA | $1,800 | -2.6% | -9.8% |
Brookline, MA | $2,850 | 0% | 1.7% |
Watertown, MA | $2,600 | 4.3% | -1.7% |
Brockton, MA | $1,800 | 0% | -5.3% |
New Bedford, MA | $1,753 | 3.1% | 3.7% |
Chelsea, MA | $2,269 | -4.5% | -7.7% |
Malden, MA | $2,077 | -1.1% | 3.8% |
Fall River, MA | $1,500 | 3.4% | 7.1% |
Newton, MA | $2,498 | 8.6% | 4.1% |
Worcester, MA | $1,752 | 0.1% | -5.3% |
Boston, MA | $2,750 | 1.7% | -5.2% |
Revere, MA | $2,450 | 0.4% | 4.3% |
Quincy, MA | $2,203 | -0.2% | -2.3% |
Peabody, MA | $2,050 | 10.8% | -7.7% |
Lynn, MA | $2,122 | 0.9% | 1% |
Waltham, MA | $2,325 | 5.7% | -15.1% |
Wakefield, MA | $2,281 | -8.3% | 11.6% |
Salem, MA | $2,100 | 0.1% | 7.7% |
Dedham, MA | $2,725 | -5.2% | -12.3% |
Leominster, MA | $1,610 | 0.8% | 5.6% |
Melrose, MA | $1,995 | -4.1% | -5% |
Plymouth, MA | $2,400 | -4% | 3.4% |
Cambridge, MA | $2,858 | -1.7% | -5.3% |
Norwood, MA | $2,150 | 4.9% | -15.1% |
Everett, MA | $2,100 | -2.8% | 1.2% |
Somerville, MA | $2,600 | 2.6% | -1.7% |
Weymouth, MA | $2,219 | 0.6% | -5.3% |
Springfield, MA | $1,350 | 8% | -4.9% |
Marlborough, MA | $1,698 | -19.2% | -26.4% |
Woburn, MA | $2,016 | -4% | -5.2% |
Newburyport, MA | $2,200 | -4.3% | -2.2% |
Natick, MA | $2,100 | 5% | -16.5% |
Medford, MA | $2,400 | 4.9% | -13.7% |
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Report Methodology
To compile the Massachusetts Rent Report, ApartmentAdvisor analyzes rental listings available on our platform by location, calculating the median asking rent price by unit size. To reflect the diversity of available listings and minimize the effect of inventory composition shifts (such as a large new building with multiple like units), we factor a weighted average price for like units in the same property versus including each individual unit in our calculation.
Prices in the heat map above reflect median rent prices for the reported month except in cases where inventory levels in a town or city are too low. In these cases, we incorporate historic data from listings that were available in previous months so that we can provide an estimated median rent. This is noted in the rollover text where applicable. The table above includes only cities and towns that meet adequate inventory thresholds during month. Therefore, not all cities and towns represented on the map appear in the table. The median rent calculation for Boston includes all neighborhoods that are part of the City of Boston (eg. Allston, Brighton, Charlestown, Dorchester, etc.). Rent prices for Boston neighborhoods can be found in our Boston Metro Report, which is updated daily.
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