Boston apartment rents down slightly heading into September, but don’t get too excited
Boston still among nation’s priciest in terms of one- and two-bedroom costs The median rent for a one-bedroom apartment in Boston declined 1.3 percent, to $2,300, during August and the median rent for a two-bedroom was down 1.8 percent, to $2,700, according to an analysis from real estate listings site Zumper.
The analysis looked at vacant and available apartments heading into September, so it’s a pretty solid snapshot of where the market stands. But don’t get two excited about the slight dips: Boston rents were up relatively significantly compared with the same period last year—5 percent for one-bedrooms and 3.8 percent for two-bedrooms—suggesting that any leases inked during this busy moving season reflect the same stubbornly high rents as those signed 12 months earlier. And the sums heading into September keep Boston firmly among the most expensive cities in the U.S. for renting an apartment right now. Only New York, San Francisco, San Jose, Los Angeles, and Washington compare.
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