Wednesday, July 3, 2019

As Summer Approaches, Boston & Cambridge Apartment Rents Rank Highest in U.S

According to recently published reports, Boston and Cambridge were among the most expensive U.S markets heading into July. These results aren't surprised considering Boston has consistently ranked among the likes of New York, San Jose, and San Francisco in terms of affordability. The report from real estate listings and research site Zumper calculated the median rent for a Boston one-bedroom at $2,450, up 0.08 percent from the same time last year, and calculated the median rent for a Boston two bedroom at $2,840, up 3.3 percent annually. The latest statistics come out as city officials discuss the increasing rental prices in Boston, and search for solutions. Many officials are interested in visiting the topic of rent control, or establishing private, independent dorms or other co-living arrangements.

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