Boston is the capital and largest city in the state of Massachusetts with a population of about 700,000 people. It is also the most expensive city to live in Massachusetts. Today, Boston is among the top ten most expensive US cities to live in. This is due to the high cost of renting studios and apartments. The average cost of renting a one-bedroom apartment is $2,600 per month. One-bedroom apartment rentals in Boston are up 13.00% year-on-year (August 2021 to August 2022). Renting a one-bedroom apartment in the expensive neighborhoods of Boston ranges from $2,700 to $3,900 per month.
The most expensive neighborhoods in Boston include D Street – West Broadway ($3,830/month for one-bedroom apartment), Franklin Field South ($3,790/month) and Downtown Boston ($3,700/month)
The most inexpensive neighborhoods in Boston include Meeting House Hill ($750/month), Dudley – Brunswick King ($800/month) and Sav-Mor ($1,250/month).