Over the past decade, Boston has emerged as one of the nation’s most expensive rental markets. During that time, Boston’s local economy has transformed from the rugged blue-collar town of the twentieth century to a white-collar tech hub of the twenty-first century. The population has boomed over this time span, increasing demand for housing in Boston’s core areas. This has caused rent prices to climb so much that Boston overtook San Francisco as the nation’s second most expensive rental market last year.
If you plan on renting an apartment in Boston, be prepared to pay top dollar. You can find more affordable rents away from Boston’s downtown neighborhoods. These areas are situated in the south and west of the city. In general, the closer you get to Boston’s city center, the higher rent prices you will encounter. If you’re wondering which neighborhoods have the highest rents, look no further. These are the most expensive neighborhoods to rent an apartment in Boston in 2023.
Back Bay
Back Bay still holds the place as Boston’s most expensive rental market. With an average rent price of $4,075 for non-luxury apartments, Back Bay is the only neighborhood in Boston where the average rent is above the 4K mark. Out of all Boston neighborhoods, Back Bay apartments have the highest rent price for 1 and 3 bedroom apartments and the 3rd highest price for studio, 2 bedroom and 4 bedroom apartments.
| BOSTON – BACK BAY | Average Rent Price | Rank |
|---|---|---|
| Studio apartment | $2,246 | 3 |
| 1 Bedroom | $2,975 | 1 |
| 2 Bedroom | $3,628 | 3 |
| 3 Bedroom | $5,621 | 1 |
| 4 Bedroom | $6,000 | 3 |
Beyond its close proximity and easy access to Downtown, Back Bay offers a unique experience with its blend of historic charm, upscale living, and convenient urban amenities. Renters can pick from beautiful brownstone buildings or upscale luxury high rises. Living…
