Median rental prices for one-bedroom apartments in the state have risen 9% since March. Report ApartmentAdvisor.com Released on Friday.
Median rent for one-bedroom apartments in Massachusetts was $ 2,400 in June, reflecting a 2% increase compared to May. Meanwhile, median one-bedroom rents rose to $ 2,861 in Cambridge, the most expensive city on the list. This rent is up 2.58% compared to May, reflecting a 9.24% increase over the last three months. (ApartmentAdvisor analyzes the list of websites to reach the findings.)
According to the report, Boston has a median rent of $ 2,540 for a one-bedroom apartment, ranking fourth in the federal most expensive rental market. Waltham jumped to second place with a median one-bedroom rent of $ 2,854, and Brookline, which had a median June total of $ 2,545, fell to third place. As a large multi-family development to start renting, the website takes into account “weighted average price of similar units in the same property and including individual units”. )
The cheapest “cities” in Massachusetts were, in turn, Springfield, Fall River, Worcester, and Haver Hill.
The bad news for renters is that prices have risen in some communities where Quincy, Waltham and Weymouth have recorded the biggest rises. The markets with the largest monthly declines were Libya, Braintree and Lynn. In Boston, median overall rents fell month-on-month in Charlestown, Mission Hill, Seaport and the South End. In Cambridge, the Kendal and Harvard squares have been reduced.
Click the map below to see the median monthly rent for some communities in Massachusetts.
Here’s an Apartment Advisor survey of studios and 1, 2, and 3 bedroom apartments from different communities, along with a breakdown by neighborhood in Boston and Cambridge.
By neighborhood in Boston and Cambridge:
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