The February Downtown Boston Apartment average rent went up by 2.9% year-over-year
The average downtown Boston apartment rent was $3,432 in February, up 2.9% since last year, according to apartment data from Yardi Matrix. February apartment rents nationwide maintained the same pace as in January, rising by 3.2% year-over-year. Overall, rents are growing a bit slower than the same time last year, when they were rising at a 3.5% yearly rate according to Yardi Matrxi study.
As the chart below shows, Boston is still in top 3 major metropolitan cities with the highest apartment rents.
| 1 | Manhattan, NY | $4,208 | 1.9% |
| 2 | San Francisco, CA | $3,629 | 0.2% |
| 3 | Boston, MA | $3,432 | 2.9% |
| 4 | Brooklyn, NY | $2,951 | 5.3% |
| 5 | San Jose, CA | $2,790 | 3.1% |
Due to the coronavirus, March, we’ll start seeing a plateau of rent increases, perhaps the beginning of rent decreases depending on the coronavirus crisis.
The charts below show Beacon Hill apartment stats for the last 30 days
Sorry we are experiencing system issues. Please try again.
