The average rent in Boston is high and growing.
We're one step away from helping you choose where to live in Boston. Before we dive in, let's check out an infographic we put together on average rent prices in Boston, sorted by individual neighborhood — we wanted to make sure you were armed to the teeth with insight before you figure out where to look for apartments. Check it out below!
Jumpshell put together this infographic to clearly show information about rent prices by neighborhood, by unit size and rent costs per person. Data provided by RentMetrics and RentRange:
Heads up! What you pay this year won't be what you pay next year.
Zillow also crunched the numbers on neighborhoods in Boston where rents have fluctuated the most — both up and down. This is really important to consider before you rent somewhere.
Imagine, you've found a great apartment in a neighborhood you love and it's right on budget — but if you're living in East Boston (for example), you could potentially be facing a 12% increase in your rent the next year. Bummer town.
Check out the biggest movers (according to Zillow) below:
Source: Zillow Real Estate Research
So what should you do?
Before you sign a lease, it's always a good idea to ask the landlord how much the rent increased from last year. Landlords can pretty much raise their rents as much as they want — to whatever "the market" (i.e. a renter) is willing to pay. Take what they raised the rent by the previous year and apply that to what you can expect to pay next year as well and make sure it's still in your budget.
This is it! All the prep work is done and now you can sink your teeth into figuring out where exactly you'll want to live in Boston. You're doing a phenomenal job so far and we're pumped to continue supporting you on this exciting journey. Let's go!