Boston rounded out the top 5 markets as the 5th most expensive rental market in the nation last month. One bedroom rent grew 1.7% to $2,400, while two bedrooms remained flat at $2,700. Though flat on a monthly basis, one bedroom rent in this city is up over 9% since this time last year.
(Note: This map is interactive so use the zoom feature and hover over the legend for more info.)
While Allston had the fastest growing rent last quarter, up 7.5%, Dorchester et Roxbury took the biggest rent dips, down 12.2% and 11.5%, respectively.
As we get deeper into the slower moving months, many of Boston’s neighborhoods had flat or decreasing prices. The most affordable areas this winter were Mattapan ($1,570), Roslindale ($1,600), and Roxbury ($1,610). Meanwhile, rentals priced closer to the city median of $2,700 could be found in Bay Village, South End, et West End.
The most expensive neighborhoods this fall, all priced above $2,900, included Downtown, South Boston Waterfront, et Chinatown – Leather District.
Check out how Boston rents compare with the rest of the nation’s by viewing our November National Rent Report, which analyzes over 1 million active listings to identify rental trends across the 100 largest U.S. cities.
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For a refresher on how we analyze our rental data, view our methodology blog post ici.
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