$4,650 Per Month
- 2 Beds
- 2 Baths
- 1,049 Sq Ft
- Condo for Rent
40 Fay St Unit 206, Boston, MA 02118
40 Fay St Unit 206, Boston, MA 02118
Frequently Asked Questions
How much does it cost to rent a condo in Boston, MA?
The median rent for a condo in Boston, MA is $3,350 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Boston, MA?
To comfortably afford the median rent in Boston, MA, a household needs to earn roughly $132,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,300 per month in Boston, MA, renters typically need to show $9,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Boston, MA?
In Boston, MA, the price-to-rent ratio is 22.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Boston, MA are best for renting a condo?
The best neighborhood for renting in Boston, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Washington Park, Sav-Mor, Jamaica Plain, Fort Hill and Dudley-Brunswick King, each with its own character and price range.
