one of the great cities in the United States. With excellent employment and
education sectors, it attracts residents from around the country and around the
world. Therefore, yes, it's a little more expensive to rent here. But remember,
salaries are also generally higher, balancing out the cost of living. In
actuality, when compared to cities like New York, San Francisco, Chicago, or
now even Austin, Boston offers serious value.
booming metropolitan economy, incomes are considerably high, and the cost of
living is still achievable. Additionally, residents benefit from the city's
incredible historical and cultural benefits. Boston is rich with visual and
musical arts and has an excellent dining and entertainment scene. What more
could you ask of a city?
residents moving to Boston look at the high price points and simply can't make
their way into homeownership directly. Renting is their best option. Recently,
with an influx of new residents, rental prices have increased quickly.
According to an article published by the Boston
renters need to prepare for a competitive market with limited inventory. Great
properties in more desirable areas are flying off the market. If renters aren't
one of the first to inquire, the likelihood of getting the property is low.
entering or re-entering the rental market, don’t worry, you’re not alone.
According to the last census data, over 63% of Bostonians are
renters. There’s no secret to finding the best apartment in Boston – what
matters is finding the right residence that suits your budget and needs.
Make a list of
"must-have" and "would-like" items.
is different for every renter, and fortunately, Boston has a vast variety of
areas and rental properties. For some, it’s important that they are within
close commuting distance to their office, while others prioritize harbor views.
Designate your budget
rates vary significantly by area, size, finishes, and type of building. For
example, the average rent for a one-bedroom apartment in Boston is just over
$3,100. However, there are much less expensive neighborhoods like Allston, Andrew
Square, and Oak Square. More costly areas include Seaport District, South End,
and Back Bay.
need to remember that costs go beyond their monthly payments. Be prepared to
pay a deposit and budget for utilities.
Narrow down your location
comes to living in Boston, it's essential to know that the traffic congestion
can be severe, and the public transit system can be unreliable. Therefore,
consider your lifestyle when choosing a location, and keep your commute front
of mind. Fortunately, with the increased flexible work option, this is no
longer as significant of a factor for many Bostonians.
Prepare for competition
no two ways to look at it; the Boston rental market is hot, and getting the
perfect place will be challenging. So start looking early and be prepared to go
up against some competition.
Apply right away
If you find
a place you like, apply right away – the same day if possible. Your goal should
be to secure the apartment as soon as possible before the next prospective
tenant shows up.
don’t let frustration get the best of you. Understand what you need to have in
a rental, search diligently, act decisively and for more information get in touch!