Rent on the Rise
To anyone who rents in Boston, it’s probably no surprise to you that it’s expensive to live here. According to apartment rental site Zumper.com, Boston is now third for most expensive city in the United States for rent. There’s only $130 separating us from San Francisco in the #2 spot.
In January of 2021, Boston’s median one-bedroom rent rose to $2,720, setting a new all-time high, while San Francisco’s median one-bed rent is $2,850.
Since this time last year, Boston one-bedroom rent is up over 26%. You can read more about it here!
So how’s South Boston adding to the city’s rental average? Well, according to renthop.com, the average rent in South Boston for a 1-bedroom is $2950! Holy Moly! For a two-bedroom it’s $3827.
So there you have it! It’s cost a lot of money to live in our fine neighborhood!