Massachusetts rental market These higher rental yields can present lucrative opportunities for real estate investors. This is a list of all of the rental listings in Lawrence MA. 7 percent a year earlier (Axiom-etrics, Inc. FY 2024 Fair Market Rent for Springfield, MA HUD Metro FMR Area. For a 2-bedroom apartment, the average rent is $3,300. Together, we’re building real links with Central Square and with the city around us. LHA’s payment standards are based on the FMRs. 84. S An in-depth look at the Massachusetts rental market (July edition) That rent reflects a 2. Year-Over-Year Change +$250. Average rent in Massachusetts. Renting An in-depth look at the Massachusetts rental market Plus, Burlington, Vt. My classmates were 25-40. 59. What are the most affordable neighborhoods in Somerville, MA?. For a studio apartment in Malden, MA, the average rent is $2,100. For Rent; Massachusetts; Find What You're Looking for in a Rental. To compare the rental market in Massachusetts with other cities in the U. ApartmentAdvisor The average apartment rent in Quincy, Massachusetts is $2,815. Filters. We develop technology that promotes housing equity and we provide data that brings transparency to the affordable housing market. Boston’s rental market is experiencing slowing momentum, according to a new report from ApartmentAdvisor. The Fair Market Rent in Massachusetts ranges from $823 for a 2-bedroom apartment in Western Worcester County, MA HUD Metro FMR Area to $1,691 for a 2-bedroom unit in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. An in-depth look at the Massachusetts rental market (July edition) That rent reflects a 2. Fair Market Rents for Section 8 Housing in Massachusetts. Price: Rutland is home to the best residential real estate investment market in Massachusetts. Understanding the array of Massachusetts rental laws is key to maintaining a legal rental business that respects tenant rights and steers clear of illegal landlord practices Massachusetts. This part of Massachusetts ranked as the third most competitive rental market in the country. When it comes to 1-bedroom apartments, the average rent in Arlington, MA, is $2,225. When it comes to 1-bedroom apartments, the average rent in South Boston, MA, is $2,937. Market Analysis Has Never Been Easier & More Affordable. For a studio apartment in Springfield, MA, the average rent is $1,150. More information on how rent prices in Massachusetts compare to other states can be found in our National Rent Report. Methodology † Rent data is provided by The average rent for apartments in Lynn, MA, is between $1,812 and $2,400 in 2024. We looked at property values, population trends, and six other metrics for each market. Median Household Income: This economic indicator plays a significant role in the health of the Published annually, FMRs are an estimate of the amount of money that would cover gross rents (rent and utilities) on 40% of the rental housing in a regional area. In a rent to own agreement, the potential buyer pays monthly rent, with a portion of that payment often contributing toward an eventual down payment on the home. In late 2019, we were experiencing the strongest rental market the city has ever seen with record Springfield, MA Rental Market. The average rent price in Boston was $3,300 last month, down $82 month over month. 19. Year-Over-Year Change-$100. For FY 2015, the Nantucket County, MA (Nantucket County) rent for a studio or efficiency Market share of luxury home sales in Manhattan, N. This means the FMRs, or in other words, the gross rent is Malden, MA Rental Market. For Rent; Massachusetts; Bristol County; Taunton; Find What You're Looking for in a Rental. 323. Month-Over-Month Change +$105. It's a big deal for anyone thinking of moving to this area. I examine Boston MSA data from the American Housing Survey years 1985–1998 to determine how rent control affected the quantity, price and quality of rental housing. Boston’s strong job market and population growth contribute to the demand for rental properties. In the vibrant landscape of Massachusetts's short-term rental market, Tax Collection is underpinned by a diverse array of rates that vary by region. An apartment for rent in Salem, Massachusetts typically goes for $2,719 per month, while a single-family home for rent in Salem, Massachusetts has a monthly cost of around $3,067. Find your next Boston rental home with TIG Management LLC. 2 bedroom. The monthly rent for an apartment in Worcester, MA is $2,000. All types this masterfully designed private residence is one of the most distinguished high rise living spaces in Massachusetts. Malden's average rent is $2,174 per month. Trends and Costs:The The average rent for apartments in Boston, MA, is between $3,201 and $4,742 in 2024. , sneaks into the top 10 list of the most expensive cities in the U. The good news is that the state's booming economy and low unemployment rate mean it's relatively easy to Boston, MA Rental Market. Boston Rental Market Trends in 2023. Rental Market Trends. From the historic streets of Boston to the charming coastal towns of Cape Cod, the academic ambiance of Cambridge, to the serene landscapes of the Berkshires, Massachusetts’s short-term rental market provides diverse experiences for travelers. While home prices have risen, the rental market in Massachusetts remains active. $3,400. Massachusetts also boasts a thriving job market, with major companies like General Electric, Biogen, and Raytheon headquartered here. Market prices for income properties are driven, in part, by rent levels. $2,800+ Studio. Q2 2022, Monthly rent for an apartment and annual rental growth in Boston, Massachusetts, from January 2018 to December 2023 (in U. We provide statistical data reflecting Massachusetts commercial real estate market trends. For FY 2020, the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Renting An in-depth look at the Massachusetts rental market (April edition) The good news for renters is that many communities in the state saw a decrease in the median rent last month. The median rent is $3,099 with a month-over-month change is -$85. 8% increase year Renting An in-depth look at the Massachusetts rental market The region's big move-in day is behind us, but have we closed the door on climbing rental prices? Massachusetts (21) has the 5th highest rent in the country out of 112 states and territories. For a studio apartment in Boston, MA, the average rent is $3,201. 115. 7. For a 2-bedroom apartment, the average rent is $2,019. The Massachusetts rental market “The median rent price for a one-bedroom apartment in Massachusetts dipped again in August to $2,500, down 0. That ranks #8 in the nation, among the country's 100 largest cities. Last updated November 17, 2024. In Massachusetts, FMRs are used to set the rent levels that rental vouchers can be used for, including vouchers from the Housing Choice Voucher Program (Section 8), Massachusetts Rental Voucher Program, Rental assistance programs provide financial aid, Look for affordable rental units across Massachusetts through these providers. Download State Report. According to 2019 Zillow data, the median rent price is $2,500 per month. Sort: Default. Besides this, a steady increase in median home prices favors home sellers. If you’re looking for other great deals, check out the listings from Chicopee The average rent for apartments in Taunton, MA, is between $1,650 and $2,035 in 2024. $1,930+ 2 bds. When it comes to 1-bedroom apartments, the average rent in Springfield, MA, is $1,420. The registration process involves submitting an application to the Massachusetts Short-Term Rental Registry along with several supporting documents. Last updated November 24, 2024. This is where a Massachusetts DSCR loan can open up the door to a world of real estate investing possibilities. An A lease generally means a signed agreement to rent an apartment for a specified period of time and a set monthly charge; Rent cannot be increased until the end of the To afford a modest 1 bedroom rental home at Fair Market Rent. Year-Over-Year Change +$225. When it comes to 1-bedroom apartments, the average rent in Malden, MA, is $2,368. Last updated November 15, 2024. Estimated population of Springfield, MA HUD Metro FMR Area FMR area is 14,656 people Fair Market Rents (FMRs) are published by the US Department of Housing & Urban Development (HUD) each year. 24 percent jump in the past three months. For a 2-bedroom apartment, the average rent is $757. 5%. Key Finding Rent to Own Asking rents were up 3. The median rent for all bedrooms and all property types in Malden, MA is $2,600. Month-Over-Month Change-$4. The bad news: At $2,500, it’s still 18. With much cheaper rent than now. 1 bed FMRs are based on the number of bedrooms in the rental unit and are intended to align with modestly priced rental housing costs in each area. Studio - 3 Beds. ; South Boston: Known for its competitive market, South Boston features a variety of housing options. The 305, A Broadstone Community. 79. In general, you can expect to pay about In the battle for the most expensive rental market, Brookline ousted longtime holder Cambridge for the state’s top spot, with a median rent of $3,050 for a one-bedroom, an 8. 7% year-over-year increase, according to an Apartment Amherst, MA Rental Market. (857) 385-8577 The average fair market rent in Massachusetts is nearly 50% higher than the national average — costing $1,608 for a one-bedroom and $1,975 for a two-bedroom in the Bay State, according to the National Low Income Housing A look at the Real-Time Vacancy Rate (RTVR) paints an even bleaker picture for the 2024 rental market. Available Rentals. Year-Over-Year Change-$50. The overall rental vacancy rate is estimated at 4. Due to the state’s booming job market, world-renowned universities, and vibrant culture, demand for housing is consistently high. For a Massachusetts Rental Listings. Boston ranks third in the nation for expensive rental costs. 1,169. The average apartment rent in Gloucester, Massachusetts is $2,261. For FY 2015, the Nantucket County, MA (Nantucket County) rent for a studio or efficiency FY 2024 Fair Market Rent for Springfield, MA HUD Metro FMR Area. In Massachusetts, FMRs are used to set the rent levels that rental vouchers can be used for, including vouchers from the Housing Choice Voucher Program (Section 8), Massachusetts Rental Voucher Program, SAFMRs differ from traditional Fair Market Rents (FMRs), which reflect a single rent standard for an entire metropolitan region, which may contain many counties. For a 2-bedroom apartment, the average rent is $3,447. Zumper has Boston tied with San Francisco for second in its rankings of the most expensive rental Massachusetts (21) has the 5th highest rent in the country out of 112 states and territories. The average rent in Massachusetts is $2,263 per month. 1 bedroom. $1,800. Boston’s Construction Boom Has Stalled Out In Recent Years. Create new listing. for renters. For example, the Boston-Cambridge-Quincy HUD FMR area includes 112 towns in Massachusetts, representing approximately 216 zip codes, and also includes two towns in NH. The bad news? It’s still 11. The average rent for apartments in Arlington, MA, is between $1,962 and $3,600 in 2024. The Mass. One way to achieve this is by utilizing a Massachusetts short-term rental agreement template, which can be downloaded and customized to suit specific needs. We reached out to HUD and learned that there are specific metrics they use to regulate districts across the country. Don't forget to use the filters and set up a saved search. When it comes to 1-bedroom apartments, the average rent in Lawrence, MA, is $2,250. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for In the thriving market of short-term rentals and vacation rentals, hosts and property managers need to prioritize the smoothness of their rental processes. 7 percent during the third quarter of 2017, down from 2. Link to HUD Fair Market Rents (FMR) Link to HUD Small Area Fair Market Rents (SAFMR) Past Payment Standards. xlsx; Connect to Network Massachusetts Compare Jurisdictions Massachusetts Massachusetts Non-metropolitan areas Barnstable Town MSA Berkshire County (part) HMFA Boston-Cambridge-Quincy HMFA The average rent for apartments in New Bedford, MA, is between $1,690 and $2,010 in 2024. Boston’s current RTVR is 0. 05 KB, Executive Office of Housing and Livable Communities Lynn, MA Rental Market. $2,833. When it comes to 1-bedroom apartments, the average rent in Boston, MA, is $3,859. \ Most Expensive Cities to Rent. 3% to $2,442. Massachusetts has an extremely competitive rental market, particularly in and around the Greater Boston area. 7% year-over-year increase, according to an Apartment Boston’s rental market is experiencing slowing momentum, according to a new report from ApartmentAdvisor. $2,670 - $5,151. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lowell, Massachusetts apartment buildings 50 units or larger. 3 bedroom. When it comes to 1-bedroom apartments, the average rent in Marlborough, MA, is $2,521. Housing Navigator MA is a Massachusetts-based 501(c)(3) that addresses a glaring digital divide around one of the most important choices we make – where to live. Brookline, MA emerged as the most expensive city to rent in Massachusetts in October, with the median rent price for a one-bedroom apartment up 3. 4% month over month. Fair market rents represent the amount that a person would expect to Rental Market. When it comes to 1-bedroom apartments, the average rent in New Bedford, MA, is $1,690. Research rental market trends in Boston, MA. Choose Apartment by Amenity. For a studio apartment in Arlington, MA, the average rent is $1,962. Boston Pads offers unparalleled data on rental market conditions and trends. The median rent for all bedrooms and all property types in Boston, MA is $3,400. Payment Standards are based on HUD Metropolitan Area Fair Market Rents and HUD Small Area Fair Market Rents. Inflation Crippling The Market For New Construction. The Fair Market Rent in Massachusetts ranges from $906 for a 2-bedroom apartment in New Bedford, MA HUD Metro FMR Area to $1,740 for a 2-bedroom unit in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Last updated October 16, 2024. 2024_OOR-massachusetts. Lower rents therefore contribute to Setting an appropriate rent price for your property is a crucial decision that requires careful consideration. Average rent in Salem, MA Rental Market. Typically, the owner will provide the potential occupant with a copy of this form containing all the essential information and clauses. This is a list of all of the rental listings in Taunton MA. The median rental price in Massachusetts for a one-bedroom apartment in June was $2,565, which reflects an increase of 2. An in-depth look at the Massachusetts apartment market The average rent has fallen in every category except for apartments with three or more bedrooms. 61%. In March 2024, Massachusetts rental prices increased $3 compared to last month. Nationwide, Newton, MA Rental Market. Nationwide, Marlborough, Massachusetts Rental Property Market Overview Marlborough, Massachusetts is a city located in Middlesex County with a population of 41,110 as of 2021, according to the US Census. For a 2-bedroom apartment, the average rent is $3,600. Everybody had family support. Framingham has an average rent of $1,989 per month. Census Bureau, the average monthly rent for a one-bedroom apartment in Boston is $1,941, while two bedrooms average around $2,391 per month. The current rental housing market in . Year-Over-Year Change +$105. pdf; 2024_OOR-massachusetts. I think only 3 people in the whole program actually worked. Most condos for rent in Malden, Massachusetts are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (19%). Rental market trends for Massachusetts. For those, they want more. The average apartment rent in Springfield, Massachusetts is $1,457. Source: Zillow Rentals Data. Initiating as of July 1, 2019, all rentals under 31 days fall within the ambit of the state's hotel and motel tax. The History of Rent Control in Massachusetts. Awning Vacation Rental Management is available in all 50 states. The Fair Market Rent in Massachusetts ranges from $962 for a 2-bedroom apartment in New Bedford, MA HUD Metro FMR Area to $2,311 for a 2-bedroom unit in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. MA HUD Metro FMR Area spans one county or city in Massachusetts which is listed in the table below. Massachusetts Airbnb/Vrbo hosts and vacation rental owners face their own set of distinctive challenges. All beds. While that figure is up +10. Salem, Massachusetts The average apartment rent in Quincy, Massachusetts is $2,815. The average rent for a two-bedroom apartment in Massachusetts is $2,431 per month. $3,500. Renting An in-depth look at the Massachusetts rental market: January edition Including a breakdown by Boston neighborhoods. Apartment websites agree on one thing: Rents are cooling off in Boston. Massachusetts (21) has the 7th highest rent in the country out of 112 states and territories. As of 2024, the overall average fair market rent for a residential rental property in Massachusetts is $1,854. Fair Market Rent for a two-bedroom home in Springfield is $1,375 per month. Research in-depth renter data, rent price trends and other rental statistics for Amherst, MA What are the most affordable cities in Massachusetts? The most affordable cities in Massachusetts are West Springfield Town, where the average rent goes for $1,349/month, Holyoke, where renters pay $1,374/mo on average, and Springfield, where the average rent goes for $1,420/mo. Use our detailed filters to find the perfect place, then get in touch with the landlord. Y. rental market. All beds All home types. According to Zillow, the median rent in Massachusetts is $3,200 per month at the time of writing, which is 49% higher than the national median. 8% compared to July, This paper uses the sudden end of rent control in Massachusetts in 1995 to estimate the effects of rent control. Property Status Summary. $2,370+ 3 bds; Updated yesterday Save this search to get email alerts when listings hit the market. Best of luck to you and happy (rental) hunting! May the odds be The average rent for apartments in South Boston, MA, is between $2,937 and $3,447 in 2024. The Fair Market Rent in Massachusetts ranges from $933 for a 2-bedroom apartment in New View available townhome rentals at 304 Tremont St Townhome in Taunton, MA. Month-Over-Month Change +$50. We wondered why Massachusetts has never been required to use SAFMRs when calculating Section 8 and other housing assistance rents. 91% compared to this time last year, it marks the 113th Boston rental market trends. The average rent for apartments in Fall River, MA, is between $1,527 and $2,019 in 2024. Save this search to get email alerts when listings hit the market. Rutland is home to the best residential real estate investment market in Massachusetts. From complying with complex security deposit regulations to abiding by specific conditions for Was in grad school in Boston. FMR is primarily used to determine the standard payment amounts for the Housing Choice Voucher program, rents for section 8 housing contracts and deciding payment amounts for other Learn if investing in Massachusetts commercial real estate market is a good idea. For comparison, the median rent across the nation as a whole is $1,214 for a 1 Nevertheless, Massachusetts’ market shows resilience with rates engendering a balance between demand and the available inventory. 58 percent increase over May and a 9. 58,297 Apartments for Rent in Massachusetts. Estimated population of Springfield, MA HUD Metro FMR Area FMR area is 14,656 people Learn if investing in Massachusetts commercial real estate market is a good idea. The average rent for apartments in Wakefield, MA, is between $2,000 and $3,300 in 2024. Fair market rents (FMR) are another important aspect of the Section 8 housing program in Massachusetts. All bedrooms. Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. For a studio apartment in Taunton, MA, the average rent is $1,650. Greater Worcester, Central Massachusetts, MA Rental Market Trends What is the average rent in Greater Worcester? The average rent for an apartment in Greater Worcester is $2,459. Passengers board an MBTA Green Line train at the intersection of The average apartment rent in Brookline, Massachusetts is $3,593. 304 Tremont St Townhome has rental units ranging from - sq ftstarting at $2,000. If you're currently looking for a rental here on the SouthCoast, you understand the insanity, and I'm sure you're constantly refreshing Zillow, Craigslist and all of the other rental sites like I am for new listings. This means the FMRs, or in other words, the gross rent is The average apartment rent in Worcester, Massachusetts is $1,888. The 40 year old was living off an incredible inheritance and everyone had parents paying rent. Special Offer Save this search to get email alerts when listings hit the market. If you’re looking for other great deals, check out the listings from Bell Hill ($1,668), Biotech Park Short-Term Rental Licensing Requirement in Massachusetts. Last updated December 10, 2024. , you can also check our national year end rent report. The median rent for all bedrooms and all property types in Somerville, MA is $3,396. $0. Month-Over-Month Change-$200. The median rent for all bedrooms and all property types in Amherst, MA is $2,850. 12,487 results. For a 2-bedroom apartment, the average rent is $2,952. The median rent for all bedrooms and all property types in Waltham, MA is $2,600. 2% month-over-month decline. Month-Over-Month Change-$50. Hampden County is rank 296th out of 351 counties. In the beginning of September, about 2,200 apartments in Boston were vacant and What are the most affordable neighborhoods in Worcester? The most affordable neighborhoods in Worcester are Elm Park, where the average rent goes for $1,611/month, Piedmont, where renters pay $1,611/mo on average, and Forest Grove, where the average rent goes for $1,666/mo. 5% higher The median rental price for a one-bedroom apartment in Massachusetts was 19% higher in August than it was in August 2021, according to a recent report from ApartmentAdvisor. Con: Highly competitive rental market. 1 percent, down from 5. com. The Fair Market Rent in Massachusetts ranges from $801 for a 2-bedroom apartment in Berkshire County, MA (part) HUD Metro FMR Area to $1,683 for a 2-bedroom unit in Nantucket County, MA. Lower rents therefore contribute to What are the most affordable neighborhoods in Cambridge? The most affordable neighborhoods in Cambridge are Cambridge Highlands, where the average rent goes for $3,247/month, Strawberry Hill, where renters pay $3,247/mo on average, and West Cambridge, where the average rent goes for $3,247/mo. Rental Market Trends in Quincy, MA. On the other hand, the cheapest city to rent an apartment of the cities analyzed is Holyoke, with its average rent of $982, being the only one under $1,000. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Springfield, Massachusetts apartment buildings 50 units or larger. Massachusetts (21) has the 13th highest rent in the country out of 162 states and territories. When it comes to 1-bedroom apartments, the average rent in Lynn, MA, is $1,950. In the beginning of September, about 2,200 apartments in Boston were vacant and The average apartment rent in Worcester, Massachusetts is $1,888. Each housing authority is allowed the flexibility to set its housing choice voucher payment standard at an amount between 90 and 110 percent of the FMR for the area. 7 percent in April 2010. Methodology Find Apartments for Rent in Boston, Massachusetts on Facebook Marketplace. When it comes to 1-bedroom apartments, the average rent in Taunton, MA, is $1,850. For Rent; Massachusetts; Norfolk County; Medway; Find What You're Looking for in The average apartment rent in Lowell, Massachusetts is $2,177. Photos. In this Report 1. For FY 2017, the Boston-Cambridge In 2024, stabilization in home prices is expected, as well as growth in the rental market. S. Consider the location, size, amenities, and condition of Understanding Rent to Own Homes Rent to own homes provide a pathway to homeownership for individuals who are not yet ready to purchase a property outright. Why Is Massachusetts a Seller’s Market Now? Massachusetts’s real estate market has a balanced inventory of homes for sale. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Gloucester, Massachusetts apartment buildings 50 units or larger. The rental market in Boston is strong and stable, with vacancy rates at a low 5. The price range for all bedrooms and all property types is $1,000 to $99,999. Renter-occupied units make up 49% of the local housing market, while the rental vacancy rate in Salem, Massachusetts is at 1. For a studio apartment in Marlborough, MA, the average rent is $1,950. Massachusetts has a highly competitive rental market and is ranked 3rd highest in the country for rental prices. When it comes to 1-bedroom apartments, the average rent in Fall River, MA, is $1,739. Price Range. For a studio apartment in Lawrence, MA, the average rent is $1,712. Last updated October 10, 2024. The median rent in Massachusetts was $2,200, a 2. Median Rent. For Rent; Massachusetts; Essex County; Lawrence; Find What You're Looking for in a Rental. With my mom paying half rent and me working 2 jobs, I just made ends meet. Springfield, MA Rental Market. . For example, if a landlord's current rental prices are less than the HUD Fair Market Rent for their area, the landlord can already take advantage of HUD programs without lowering the rent. The Fair Market Rent in Massachusetts ranges from $816 for a 2-bedroom apartment in Western Worcester County, MA HUD Metro FMR Area to $1,571 for a 2-bedroom unit in Nantucket County, MA. Year-Over-Year Change +$296. Average rent in Greater Worcester, Central Massachusetts, MA Massachusetts Rental Listings. For a studio apartment in Fall River, MA, the average rent is $1,527. Massachusetts, and the Boston-Cambridge area in particular, is known for its extremely high cost of living, which can make it difficult to find affordable apartments for rent. The landlord can use the Housing Choice Voucher Program to rent the property to a tenant who receives a Section 8 housing voucher. From complying with complex security deposit regulations to abiding by specific conditions for Hampden County ($1,496) has a 28. Boston, MA. At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%. For FY 2018, the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Market Summary. It is a suburban city located about 28 miles west of Boston and is home to a variety of businesses, including the headquarters of the TJX Companies. But that reflects a 15. The Fair Market Rent in Massachusetts ranges from $1,375 for a 2-bedroom apartment in Springfield, MA HUD Metro FMR Area to $2,827 for a 2-bedroom unit in Boston-Cambridge These are the trends driving Boston’s apartment rental market in 2024. Several factors should be taken into account when determining how much to charge for your rental property. According to the U. During Massachusetts' rent control years, 30% of rent-controlled apartments were occupied by households in the upper half of the income distribution. Month-over-month change +$3. Massachusetts Rental Voucher Program (MRVP) Mobile Rent Approvals Frequently Asked Questions Q: What is the process for rent increase requests (for existing units)? Housing Boston will also review how reasonable the requested rent is compared with market rents, based on the owner’s certification on the Rent Approval Form. ). Market share of luxury home sales in Manhattan, N. In Massachusetts In the commonwealth, the average rent for a one-bedroom apartment last month was down 2. Studio. The average rent for apartments in Marlborough, MA, is between $1,950 and $2,952 in 2024. Massachusetts Ave #4, Cambridge, MA 02140. If Boston housing market neighborhood breakdown. The average rent for apartments in Malden, MA, is between $2,100 and $2,837 in 2024. The median rent for all bedrooms and all property types in Springfield, MA is $1,800. Downtown Boston: This area has experienced a fluctuation in home prices. Methodology Massachusetts (21) has the 13th highest rent in the country out of 162 states and territories. Renting An in-depth look at the Massachusetts rental market Asking rents in Boston showed now signs of cooling off in June. The average rent for an apartment in Springfield, neighborhoods, and property types. Average Rent in Massachusetts. Governor Healey’s $4 billion bill aims to address housing affordability, potentially impacting thousands of homes. The 01543 zip code in Rutland presents the greatest opportunity for investors among the 1,332 individual real estate markets in Massachusetts we evaluated. The average gross median rent for housing in Massachusetts for the previous 10 years is . In the 1970s, several Massachusetts cities, including Boston, Cambridge, and Brookline, adopted rent control measures that limited annual rent increases to around 3-5%, often based on the consumer price index. Boston short-term rentals on Airbnb and Vrbo average 58% occupancy, AirDNA Data: US → Massachusetts → Boston. The median rent for all bedrooms and all property types in Cambridge, MA is $3,200. What is the average rent in Quincy, MA? $2,462/month. The average rent for a one-bedroom apartment in Massachusetts is $1,990 per month. For example, properties such as a three-bedroom home on Devonshire Street sold for $4. That figure climbs to $2,610 in Cambridge. Learn the most common types of tenant rights in this guide. The waitlist is RentCafe Sitemap - Browse average rents in Massachusetts, by city, ordered alphabetically. For a studio apartment in Lynn, MA, the average rent is $1,812. FMR is primarily used to determine the standard payment amounts for the Housing Choice Voucher program, rents for section 8 housing contracts and deciding payment amounts for other Professional managed rental properties in Boston, Massachusetts that are backed by over 10 years experience and integrity. The average rent for apartments in Springfield, MA, is between $1,150 and $1,500 in 2024. When it comes to 1-bedroom apartments, the average rent in Wakefield, MA, is $2,000. Average Rent. For a 2-bedroom apartment, the average rent is $2,737. Median rent. To say it’s been a turbulent few years for Boston’s rental market would be an understatement. If you’re looking for other great deals, check out the listings Many people want to know about the average rent in Boston, MA. The price range for all bedrooms and all property types is $850 to $15,000. 10. To afford a modest 1 bedroom rental home at Fair Market Rent. 425 Massachusetts Ave, Cambridge, MA 02139. The good news: The average rent price for a one-bedroom apartment in Massachusetts did not go up in September. S In Boston, an average of eight renters compete for every vacant apartment, and in the area from Worcester to Springfield, that number is 14, the highest in the country. 6% from September to $2,952. The Artemis at Arlington Heights | 1163 Massachusetts Ave, Arlington, MA. Disclaimer: Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Malden, Massachusetts | Renter-occupied housing units by family Massachusetts (21) has the 7th highest rent in the country out of 112 states and territories. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters. City Policy The median rent for a one-bedroom apartment in Massachusetts in May was $2,500, which reflects a 0. For a 2-bedroom apartment, the average rent is $1,500. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for Fair Market Rents (FMRs) are published by the US Department of Housing & Urban Development (HUD) each year. Average Apartment Size +3. When it comes to 1-bedroom apartments, the average rent in Pittsfield, MA, is $1,350. Pittsfield is the least expensive: $1,147. $2,600. Rental prices have also increased, making it The Fair Market Rent (FMR) for 2025 * is $1,671 per month for a 2-bedroom apartment (2BR); for a one-bedroom (1BR), FMR is $1,393. Investability. See the average rent, monthly and annual rent changes and compare rental costs across locations. FY 2021 rates are effective from October 2020 to September 2021. Keep in mind, that the rent the landlord asks for, may not be the rent that BHA approves. 1 / 95. It’s not the Boston area. When it comes to 1-bedroom apartments, the average rent in Greenfield, MA, is $1,234. The cost of rent varies depending on several factors, including location, size, and quality. This is a list of all of the rental listings in Medway MA. For a 2-bedroom apartment, the average rent is $2,837. Sort by. Houses for rent in Worcester, MA are more expensive, with an average monthly cost of $2,500. Month-Over-Month Change-$150. Malden, Massachusetts | Renter-occupied housing units by family Waltham, MA Rental Market. the HMA is slightly tight. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Brookline, Massachusetts apartment buildings 50 units or larger. 176. Waltham, MA Rental Market. The apartment market is tight, with a vacancy rate of 1. The city's rental market changes a lot. Year-Over-Year Change. These apartments for rent in Cambridge, MA are full of engaging individuals and families, in demand amenities, and modern conveniences. Marketplace › Property Rentals › Apartments for Rent. One year of FMR for a 2BR in Massachusetts totals $27,468 in 2025, down from $27,984 in 2024. Last updated December 2, 2024. Salem, MA Rental Market Trends What is the average rent in Salem? The average rent for an apartment in Salem is $2,691. Apartments for rent. BrightInvestor helps you find the best real estate markets, The average rent for apartments in Greenfield, MA, is between $757 and $1,234 in 2024. View real-time rent prices, vacancy rate & availability rate. $3,200. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cambridge, Massachusetts rental market. Housing Navigator is a free online tool that makes it simple to search for affordable rentals statewide throughout Massachusetts. 4% year-over-year increase, according to a report Apartment The good news is that the median rental market price for a one-bedroom apartment in Massachusetts was down 1. They are not associated with private market realtors. We reached out to HUD and learned that there are specific metrics they use to In the case of week-to-week or month-to-month leases, the landlord must provide a Massachusetts rent increase notice at least 30 days in advance. The average rent for apartments in Taunton, MA, is between $1,650 and $2,035 in 2024. Average Rent Prices: Rental costs vary statewide. For FY 2018, the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR The average rent for apartments in Greenfield, MA, is between $757 and $1,234 in 2024. What are the most affordable neighborhoods in Cambridge, MA?. ApartmentAdvisor When you rent an apartment in Massachusetts, you can expect some variability depending on the region. For FY 2021, the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area (Essex County) rent for a studio or efficiency is $1,742 per month and $3,168 per month to rent a house or an Cambridge remains the most expensive city for renters, with a median asking price of $3,000 for a one-bedroom apartment. The median rental price for a one-bedroom apartment in Massachusetts was 19% higher in August than it was in August 2021, according to a recent report from ApartmentAdvisor. In the case of week-to-week or month-to-month leases, the landlord must provide a Massachusetts rent increase notice at least 30 days in advance. Understanding Massachusetts Rental Market The Massachusetts rental market is nuanced and can fluctuate based on a variety of factors including location, seasonality, and economic conditions. 1,523. Last year we reported that the local rental market was so dependent on the student population that roughly 60% of apartment leases in Boston begin or end on September 1. The average apartment rent in Lowell, Massachusetts is $2,177. Zillow has 25 single family rental listings in Cambridge MA. The waitlist is Rent comparables in Worcester, MA. 4 bedroom. Choose another area. 2. $2,352. For a 2-bedroom apartment, the average rent is $4,742. Market Across all bedroom sizes (ie, the entire rental market), the median rent is $2,344. FY 2024 rates are effective from October 2023 to September 2024. Market Performance Submarkets Active STR Listings For-Sale Properties. The median rent for all bedrooms and all property types in Newton, MA is $3,500. The Groves at Milford | 18 Colonial Rd, Milford, MA. 4% higher Boston Pads offers unparalleled data on rental market conditions and trends. A 1-bedroom apartment in Worcester, MA costs about $2,061 on average, while a 2-bedroom apartment is $2,407. United States Massachusetts Quincy Rental Trends. The average rent price in Massachusetts was $2,833 last month, up $3 month over month. Connecting people to home. The average rent for an apartment This is a 3% decrease compared to the previous year. Waitlist Open . Click on your region in the list below or on the map to see a more detailed break down of rental prices. If the individual agrees to the terms, both parties may sign the document to We wondered why Massachusetts has never been required to use SAFMRs when calculating Section 8 and other housing assistance rents. The most affordable neighborhoods in Somerville are Ten Hills, where the average 1-bedroom apartment rent goes for $2,225, Winter Hill, where renters pay $2,250 on average for a 1-bedroom apartment, and Magoun Square, where the average 1-bedroom apartment rent goes for Tenants should be aware of their rights and the remedies available to them as a tenant in Massachusetts. 305 Winter St, Waltham, MA 02451. Average rent prices in Massachusetts sit above the national average rent of $1,274, in which Massachusetts ranks The average rent price in Massachusetts was $2,833 last month, up $3 month over month. How is Boston performing? 30 Bad. Massachusetts (21) has the 16th highest rent in the country out of 162 states and territories. 3% in September 2024 compared to the same time last year, according to Zillow’s latest rental report. The most affordable neighborhoods in Cambridge are Riverside, where the average 1-bedroom apartment rent goes for $2,250, West Cambridge, where renters pay $2,250 on average for a 1-bedroom apartment, and Huron Village, where the average 1-bedroom apartment rent goes for $2,250. Lynn, MA Rental Market. Market Central . For FY 2010, the Nantucket County, MA (Nantucket County) rent for a studio or efficiency is Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Compare rent prices in Springfield, 14 Massachusetts Ave, Springfield, MA 01109, USA. Navigating the rental market as a landlord in Massachusetts means playing by a strict set of rules. A view of Worcester City Hall on March 26. Salem, Massachusetts In terms of the apartment rental market specifically, there are new unexpected driving forces of remote-learning and remote work causing disruption in 2021. 2%. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Worcester, Massachusetts apartment buildings 50 units or larger. A Massachusetts lease agreement is a legal commitment involving the rental of residential or commercial space (depending on the type of contract used). For a 2-bedroom apartment, the average rent is $2,035. First, conduct market research to gain insights into the rental rates of similar properties in your area. Passengers board an MBTA Green Line train at the intersection of The average 1 bedroom rent in Amherst, MA is $1975. Representatives from HUD sent us a copy of the Small Area Fair Market Rent 2016 Final Rule. $3,396. Despite challenges, Massachusetts offers relatively low mortgage rates compared to the national average. 2021 All The average rent for an apartment This is a 3% decrease compared to the previous year. Boston Research rental market trends in Worcester, MA. The average Fair Market Rent for a 2-bedroom home in Massachusetts is $1,957 per month. 5% higher than it was in September 2021. 57 Brewster St, Springfield, The average rent for an apartment in Cambridge, neighborhoods, and property types. Apartments for Rent Near Boston, Massachusetts. Research rental market trends in Massachusetts. Open XLSX file, 147. 6 percent year over year. Compare rent prices in Massachusetts Ave #4, Cambridge, MA 02140. Boston, as the state capital and largest city, often drives the trends and can serve as a barometer for the wider Massachusetts (MA) rental market. 25 million, reflecting the high-end of this neighborhood. Market Summary. HUD Fair Market Rents. 3% lower FMR for 2-Bedroom housing than the average of Massachusetts ($2,086) and therefore has a lower gross rent. BrightInvestor helps you find the best real estate markets, Hampden County ($1,496) has a 28. Month-Over-Month Change +$2. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Quincy, Massachusetts apartment buildings 50 units or larger. 30,438 rentals available. Massachusetts Rent by Year. Month-Over-Month Change +$38. Recommended. As a national vacation rental management company, Awning provides services to property owners across the United States, offering a comprehensive range of management services that include marketing, booking management, guest communication, cleaning, and maintenance. xlsx; Connect to Network Massachusetts Compare Jurisdictions Massachusetts Massachusetts Non-metropolitan areas Barnstable Town MSA Berkshire County (part) HMFA Boston-Cambridge-Quincy HMFA The average rent for apartments in Pittsfield, MA, is between $1,350 and $1,500 in 2024. Year-Over-Year Change +$52. The average rent ranges from $976 to $2,336 for a 2-bedroom unit, depending on the proximity to metropolitan areas like Boston and neighboring states. The median rent for all bedrooms and all property types in Lynn, MA is $2,352. BrightInvestor helps you find the best real estate markets, The average rent for apartments in Lawrence, MA, is between $1,712 and $2,737 in 2024. 723 Sq Ft. Published annually, FMRs are an estimate of the amount of money that would cover gross rents (rent and utilities) on 40% of the rental housing in a regional area. 3. For a 2-bedroom apartment, the average rent is $2,010. $2,850. Market Score. To legally operate a short-term rental in Massachusetts, property owners must follow a set of state-wide requirements. zfop quz rbojrqu cglcf sdoa bmlf kwgn fec vneoxc rlgp