Greater Boston Rents Rise as Housing Construction Slows
The median asking rent in the Boston metro area was $3,121 in August, up 8 percent from the same time last year.
The median asking rent in the Boston metro area was $3,121 in August, up 8 percent from the same time last year.
Boston landlords are monitoring a leasing downturn tied to the Trump administration’s restrictions on international students.
As the prevalent September lease rollover date approaches, Boston renters could see some relief for the first time since the pandemic.
One of Greater Boston’s biggest apartment landlords said average rents have risen by double-digits in the past year, with “robust pricing power” driving increases earlier in the year than usual.
Boston’s apartment vacancy rate has slid to a new low: 0.47 percent, according to a new report by local listings portal BostonPads.