Boston Renter Is One-Third of Typical Income
While the median asking rent has dropped marginally year-over-year, Greater Boston renters are faced with the fifth-highest financial burden in the country.
While the median asking rent has dropped marginally year-over-year, Greater Boston renters are faced with the fifth-highest financial burden in the country.
While rent seems to be stabilizing nationwide, Boston rent is on the rise: 4.2 percent year-over-year.
Boston-area renters are now paying an average of $2,349 per month for their apartments, making the region the fourth-most-expensive rental market in the country.
Nearly one in four Boston renters spend more than 30 percent of their income on housing costs, according to a new report from Apartment List.
Residential rents in the city of Boston have risen by 6 percent in the last 12 months to $2,400 per month, according to a new report by apartment listing service Zumper.
Average rent in Boston topped $3,200 in April, making it the third most expensive rental market in the county after Manhattan and San Francisco. Cambridge was the fifth most expensive market at just over $3,000.