Renters can expect to pay vastly different amounts based on where they choose to live in Massachusetts. With monthly rents varying by up to $3,000 for the same sized home in different Massachusetts cities, location is everything in the Commonwealth, according to a new study from Rentometer.
The rental estimate company identified cities with populations of at least 25,000 and compared them based on the median monthly rental cost for a three-bedroom single-family home.
Cambridge was the third-most expensive city for renting nationwide. To live in the charming home of Harvard, renters shelled out a median of $5,500 monthly.
Contrastingly, Springfield was renters’ most affordable option in Massachusetts at $2,472 per month, but didn’t come close to being one of the least expensive options nationwide.
This price gap wasn’t exclusive to the Massachusetts market, as rents in California ranged from $1,750 in Ridgecrest to $7,500 in Santa Monica.
