RentData

Average Rent in Nantucket County, MA Rents rising 12.5% YoY🔺 Most expensive in MA

HUD FY2025 · Official government data · Updated annually · Metro pop. 14,299

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Nantucket County, MA has rental prices ranging from $2,298/month to $4,772/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $2,436/month — 74% above the national average of $1,400/month. With a median household income of $119,750/year, spending $2,436/month on a 1-bedroom represents 24% of gross income — within the recommended 30% threshold.

How Nantucket County Compares

With an average 2-bedroom rent of $2,842/month, Nantucket County ranks #1 most expensive of the 21 cities tracked in Massachusetts — pricier than 100% of all US cities in our data.

The Nantucket County Rental Market

The Nantucket County, MA area has a population of about 14,299 and 24% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Nantucket County, MA have risen by $316/month (12.5%) over the past year, from $2,526 to $2,842. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Nantucket County, MA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $97,440. The local median household income of $119,750 exceeds that threshold by $22,310, making Nantucket County relatively accessible compared to local wages.

Economy & Jobs

Nantucket County, MA has an unemployment rate of 3.0%, 0.9 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$2,298
Affordable
1 Bedroom
$2,436
Affordable
2 Bedrooms
$2,842
12.5% YoY
Affordable
3 Bedrooms
$3,424
Average
4 Bedrooms
$4,772
Expensive
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Is Nantucket County, MA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$113,680/year
Local median income: $119,750
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $2,842/month and 20% down on a home at 7% rate.

Nearby Cities in MAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Lawrence$1,346$1,498$1,963$2,365
Brockton$1,607$1,652$2,155$2,730
Lowell$1,537$1,709$2,242$2,701
Boston$2,263$2,394$2,837$3,418
New Bedford$1,081$1,177$1,448$1,745
Providence$1,233$1,319$1,614$1,945

Rent or Buy in Nantucket County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Nantucket County data

$
Home Value
$350,000
2BR Rent
$2,842/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $2,842/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Nantucket County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Nantucket County

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💵Rent Affordability in Nantucket County

Salary needed to afford rent here

🗺️All Cities in MA

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⚖️Compare Nantucket County

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📋MA Tenant Rights

Deposit limits, eviction laws & renters protections