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An in-depth look at the Massachusetts rental market (April edition)

Renting
The good news for renters is that many communities in the state saw a decrease in the median rent last month. Adobe Stock

The median rental price for a one-bedroom apartment in the state edged down in March, but Cambridge remains the most expensive community for renters, according to a report ApartmentAdvisor.com released Thursday. The median rent in Massachusetts was $2,200, a 2.2% month-over-month decline. That figure climbs to $2,610 in Cambridge.

What may surprise people following the Bay State rental market is that Boston slipped to No. 4 in the tally of the commonwealth’s most expensive rental markets, according to the report, which analyzes listings on the website to reach their findings. Which community beat out Boston? Brookline was No. 2, with a median rent for a one-bedroom of $2,495, and Burlington, which had a median tally of $2,452 last month, was slightly behind at No. 3, slipping past Boston. The median rent in the capital was $2,320, a 3.4% drop. (Note, for big shifts in inventory, such as a big multifamily development opening to leases, the website factors in “a weighted average price for like units in the same property versus including each individual unit.”

The good news for renters is that many communities in the state saw a decrease in the median rent last month. The biggest drops were in Watertown (-18.49%) and Waltham (-13.78%), but prices also fell in some heavy-hitting locales, such as Cambridge (-4.03%) and Brookline (-3.95%).

Click on the map below to see the median monthly rent in select Massachusetts communities:

Here are ApartmentAdvisor’s findings for one-, two-, and three-bedroom apartments in various communities and a breakdown by Boston neighborhood:

One-bedroom

apartment-advisor-march-rent-report-1bed

Two-bedrooms

march-rent-report-2-bedrooms-apartment-advisor

Three-bedrooms

3-bedrooms-apartment-advisor-march-report

And in some Boston neighborhoods:

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