Moving back into the top 3 cities on our most recent national rent report, Boston ranked as the 3rd most expensive rental market in the nation with the price of one bedroom units increasing 0.8% to $2,420, while two bedrooms grew 1.8% to $2,800.
While Downtown Boston et Chinatown – Leather District had the fastest growing rents this quarter, up 9% and 7%, respectively, Dorchester saw the largest rent dip, down over 9%.
This spring, the centrally located neighborhoods by the water continued to rank as the most expensive cities, all priced between $2,700 and $3,325. Moving south, more affordable rentals could be found in areas like Roxbury ($1,700), Jamaica Plain ($1,950), and Roslindale ($1,600). Looking at the eastern and western portions of the city, Brighton, Allston, et East Boston all had rentals priced between $1,900-$1,950, still significantly under the city one bedroom median of $2,420.
Check out how Boston rents compare with the rest of the nation’s by viewing our May 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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