Rental market snapshot for The Port - Area 4, Cambridge
The Port - Area 4 rental market summary
The rental market in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 163 new listings, a 10% increase from the same time last year. The median rent has also increased by 10%, from $4,138 in July 2022 to $4,550 in July 2023. This is a 1.1% increase from the previous month.
The rental market in The Port - Area 4, Massachusetts is becoming increasingly competitive. With more listings and higher rents, it is becoming more difficult for renters to find affordable housing. As the demand for rental properties continues to increase, it is likely that rents will continue to rise in the future.
Median rent for all residential properties in The Port - Area 4
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The most expensive listings and top trending buildings in The Port - Area 4
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
232 Norfolk St | $9,250 | 7 / 3.0 |
267 Norfolk St | $9,000 | 4 / 2.5 |
227 Norfolk St | $8,950 | 7 / 3.0 |
155 Prospect St | $6,850 | 4 / 2.0 |
164 Hampshire St | $6,500 | 3 / 3.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow Rental Network | $3,986 |
Jones Lang LaSalle | $2,700 |
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Bedroom Breakdown in The Port - Area 4
The Port - Area 4 neighborhood apartments rents
The rental market for studios in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 3 new studio listings, representing a 1.5% increase in median rent from June 2023. The median rent for studios in July 2023 was $3,380, indicating that the rental market is on the rise. This is a positive sign for potential renters in the area, as it suggests that the rental market is becoming more competitive and that prices are increasing.
The rental market for 1-bedroom apartments in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, representing an increase in the available rental options. The median rent for 1-bedroom apartments in July 2023 was $3,935, a 7.6% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.
The rental market for 2-bedroom apartments in The Port - Area 4, Massachusetts is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, a 33.1% increase in median rent from June 2023 to July 2023, and a median rent of $3,492. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.