Last month, Boston maintained its position as the third most expensive rental market in the country, with median one bedroom rents settling at $2,280. Though still expensive relative to the entire US, prices have actually dipped 5% in the trailing quarter for one bedrooms, and 1.5% for two bedrooms.
At a neighborhood level, D Street – West Broadway maintained top spot at $3,350, followed closely by MIT/Kendall Square at $3,240, and Downtown Boston at $3,000.
Upward movers included Mid-Cambridge (+7.5%, $2,150) and Lower Roxbury (+7.3%, $2,500) while dips were noted in Chinatown (-9.1%, $2,900), South End (-4.1%, $2,600), and the North End (-4%, $2,400).
To see how Boston stacks up to the rest of the country, and view full rental data for the top 50 cities in the US, read our National Rent Report for March.
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