Rental market snapshot for Back Bay, Boston
Back Bay rental market summary
The rental market in Back Bay, Massachusetts is showing signs of growth. In July 2023, there were 1,479 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,850, a 1.6% increase from the previous month and a 1.8% increase from the same month in 2022. This indicates that the rental market in Back Bay is becoming increasingly competitive, with more people looking to rent in the area.
Overall, the rental market in Back Bay is on the rise. With more people looking to rent in the area, the median rent is increasing, and the number of new listings is also increasing. This is a positive sign for the rental market in Back Bay, and it is likely that the trend will continue in the coming months.
Median rent for all residential properties in Back Bay
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The most expensive listings and top trending buildings in Back Bay
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
214 Beacon St | $17,500 | 5 / 4.5 |
37 Chestnut St | $17,500 | 5 / 5.5 |
408 Beacon St | $17,000 | 3 / 3.0 |
2 Commonwealth Ave | $16,000 | 4 / 3.5 |
214 Beacon St | $15,000 | 5 / 4.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Wingate Companies | $2,700 |
Kensington Investment Company | $2,165 |
iHeart Real Estate | $1,950 |
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Bedroom Breakdown in Back Bay
Back Bay neighborhood apartments rents
The rental market for studios in Back Bay, Massachusetts appears to be stable, with only two new listings in July 2023 and a median rent of $3,332. This suggests that the demand for studios in the area is relatively consistent, and that the market is not experiencing any significant changes in rent prices. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from that month to July 2023.
The rental market for 1-bedroom apartments in Back Bay, Massachusetts is showing signs of growth. In July 2023, there were 8 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $2,012, a 52.2% decrease from the median rent in June 2023, which was $4,212. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 2-bedroom apartments in Back Bay, Massachusetts is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, representing a 3.7% increase in median rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $6,540, indicating that the rental market is on the rise. With the increasing demand for 2-bedroom apartments in Back Bay, it is likely that the rental market will continue to grow in the coming months.