You might be surprised to learn that Boston is one of the most expensive real estate markets in the country, topping the list just below New York City and San Francisco. Housing is especially expensive in this state capital, with the average apartment costing twice as much as elsewhere in the United States. However, if you know where to look, you can find apartments that are more budget-friendly.
Is it expensive to live in Boston?
The short answer: yes. It is more expensive to listen in Boston than most U.S. cities.
But it’s important to remember why it’s more expensive to live in Boston. This internationally renowned city has all the advantages of a major metropolis, but is much smaller and more charming than a typical city. Boston has many gorgeous public parks, gorgeous views, and incredible universities that attract academics from around the world.
Other than beautiful architecture, Boston has lots of public transportation that anyone can use to maneuver throughout the city. Rent prices are high in Boston because there is such a high demand for housing in this city.
So many people want to move here, it causes the prices to rise. And one of the biggest reasons why everyone wants to move to Boston is because of the incredible quality of life that comes from living in this gorgeous city.
While Boston rent prices can be high, there are certain areas of the city where housing is usually cheaper. Knowing which neighborhoods are more affordable can help you search for actual housing options that are compatible with your budget.
So, where are the cheapest places to live in Boston?
By no means would we call these neighborhoods cheap compared to the average town in the United States. But these areas are cheap for Boston, which is an extremely expensive city to live in due to its high quality of life and the high demand for housing.
Here are some of the best neighborhoods for those moving to Boston on a budget:
Fenway
Fenway is one of the hippest neighborhoods in Boston, mostly due to the huge student population that resides here. Harvard University, Boston University, Northeastern University, and other universities have nearby campuses.
Housing has always been historically affordable in this area due to the abundance of young, temporary renters. This neighborhood is vibrant, its central streets lined with restaurants, bars, and places to relax.
Allston-Brighton
Another university neighborhood – typically, the cheapest areas are where the students live. This area is closer to inner city Boston, meaning it’s louder, noisier, and more urban.
Allston-Brighton is an excellent neighborhood to live in if you’re planning on commuting, since both Cambridge and central Boston are a short train ride away. This neighborhood is popular for first-time Bostonians, due to its energetic feel and large variety of short-term rentals.
The North End
Also known as “Little Italy,” Boston’s North End is one of the most famous neighborhoods in the city. It’s an incredibly lively, close-knit community that arguably has the best food in all of Beantown.
The North End is charming and quintessential Boston – narrow cobblestone-lined streets, small apartments located above restaurants and shops, and enough Canoli for a lifetime. If you’re looking for an authentic Boston experience on a budget, check out The North End.
East Boston
Boston Logan International Airport is located in this neighborhood located north of central Boston across the Charles River. This area provides some of the best views of downtown in the entire city.
East Boston is primarily a residential neighborhood packed full of both apartments and homes, making it an excellent place for families. Parks and paths line area, where joggers and walkers can be seen at any time of year. East Boston is a charming part of the city and is great for first time Boston renters.
Jamaica Plain
Without a doubt, Jamaica Plain is the most exciting neighborhood in Boston. The area has been historically popular with artists, activists, and students, creating a very vibrant community.
The main street is lined with adorable cafes, grocers selling locally sourced produce, and consignment shops. Housing in this neighborhood is cheaper than downtown Boston, but the area’s conveniently located MBTA train stops connect residents to the heart of the city.
South Boston
South Boston is located a little bit outside of downtown Boston, and like The North End, has a very vibrant community. This area has been historically inhabited by Irish immigrants who came to Boston throughout the 19th and 20th centuries.
South Boston hosts the second largest televised Saint Patrick’s Day Parade in the country every year. But other than that huge party, life in South Boston is calm and relaxing. Housing is traditionally cheaper here than in downtown, making it more budget-friendly for the average renter.
