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Rental Market Trends in Nantucket, MA

What is the average rent in Nantucket, MA?

$3,515/month

Average Rent

702 Sq Ft

Average Apartment Size

+1%

Increase in the Last Year

As of April 2026, the average rent in Nantucket, MA is $3,515 per month. This is 114% higher than the national average rent price of $1,641/month, making Nantucket one of the most expensive cities in the US. When you rent an apartment in Nantucket, you can expect to pay about $2,530 per month for a studio, $3,515 for a one-bedroom apartment, and around $4,600 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,527 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,530/month
449 Sq Ft
One Bedroom
$3,515/month
702 Sq Ft
Two Bedroom
$4,600/month
1,003 Sq Ft
Three Bedroom
$6,527/month
1,243 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$29,792/month
3,567 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Nantucket, MA?

In the past year, rent has increased by 1%, which averages out to $36 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Nantucket, MA
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Nantucket, MA
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

What salary do I need to live comfortably in Nantucket, MA?

Because the average rent in Nantucket is $3,515, you’ll want to make about $11,716 per month or $140,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Nantucket, MA is 136.2% higher than the national average. Generally, housing in Nantucket is 337.8% more expensive than the national average, with rent falling between $2,530 - $6,527. You can expect to pay 8.3% more for groceries, 1.3% less for utilities, and 106.1% more for transportation.

City

Nantucket, MA

51 Available Apartments for Rent

Search for Nearby Apartments

How does Nantucket, MA compare to other nearby cities and neighborhoods?

Use the tool below to compare Nantucket, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Nantucket, MA

Apartment Averages

Apartment communities in Nantucket we think you'll love

30 Devon St

30 Devon St

30 Devon St,
Nantucket, MA 02554

$100,000 Total Monthly Price

13 Beds

153 Polpis Rd

153 Polpis Rd

153 Polpis Rd,
Nantucket, MA 02554

$25,000 Total Monthly Price

4 Beds

1 Pochick Ave

1 Pochick Ave

1 Pochick Ave,
Nantucket, MA 02554

$65,000 Total Monthly Price

6 Beds

5 Green Ln

5 Green Ln

5 Green Ln,
Nantucket, MA 02554

$8,000 Total Monthly Price

3 Beds

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United States Massachusetts Nantucket Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity