New Study, Old News: Rent in Boston is High
And guess which neighborhood in Boston is the most expensive to rent?
Boston scored high on another list today — third highest median rent for a one-bedroom apartment across all major US cities.
This August, San Francisco topped the list at a median of $3,100 per month for a one bedroom, New York came in second with $2,995, followed by Boston with $2,250. This list comes from Zumper, a site that offers listings and research.
For apartments with more than one bedroom, Boston comes in fourth in price per bedroom, behind San Francisco, New York, and Washington, D.C.
Within the Hub, here are the five priciest neighborhoods to rent a one-bedroom apartment (and also probably to buy, but that’s a different story):
1. Chinatown/Leather District: $3,225
2. Kendall Square: $3,185
3. Downtown Boston: $3,153
4. Back Bay: $2,966
5. D Street – West Broadway: $2,859
This list features the usual suspects, and it’s not surprising with all the new luxury condos popping up near Chinatown and Downtown Boston. Number five on that list further signals Southie’s rise and rapid-fire development — it edged out the historic Beacon Hill, which came in sixth at $2,800.
But Beacon Hill could be making a comeback: It saw a 12 percent increase in price from month to month, which is the highest increase among the top ten priciest neighborhoods. Chinatown saw the largest decrease among the top ten: 3.2 percent.
Here’s the full list from Zumper.
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