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Is the Train of Rising Rents Slowing Down in Boston? Not in Southie!

Everyone who lives in Boston relies on the unreliable MBTA.  So could proximity to and location on the T be affecting rents in the neighborhood? According to the real estate listing site RentHop it could be!  RentHop’s data scientists mapped out median rents for one-bedroom apartments by each T train stop and found some surprising results.  Rents for one-bedrooms on the Red Line averaged $3000.  Rent on the Savin Hill stop averaged at $2,364 dropping 6.4%.  However rent on the Broadway stop went up to an average of $3,217 going up 7.2%.  Rents near Andrew Station went up 8.6% but is still less than Savin Hill and Broadway at an average of $2200.  At Ashmont Station rents went up 3.2% but is a still at an average of $1600.  

 Here are some other RentHop’s findings in this year’s data-backed study:

  • Overall, Boston experienced moderate rent growth from 2017 to 2018, with around +3% YoY change.
  • Rents increased at 90 stops across all train lines and went down at 21 stops. 10 stops experienced no growth in the past year.
  • Rent for apartments in the Seaport District is driven up (+7.2%) by new apartment buildings, such as the Benjamin & VIA at 5 Fan Pier Boulevard and 25 Northern Avenue, which launched in late 2017.
  • Back Bay continues to be one of the most expensive neighborhoods in Boston. With luxury buildings like the ArlingtonAvalon at Prodential Center, and AVA Back Bay, one-bedroom median rents are over $3,400 at most stops.

You can check out the full date study and interactive map here!   

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About the Author

Maureen Dahill

Maureen Dahill is the editor of Caught in Southie and a lifelong resident of South Boston sometimes mistaken for a yuppie. Hockey mom, yoga enthusiast, lover of red wine and binge watching TV series. Mrs. Peter G. Follow her @MaureenCaught.

Comments

  1. It’s not surprising but the $1,000 difference between the immediate broadway & immediate andrew square area is pretty amazing. Goes to show how far perceptions of what’s a “safe” area and what’s not effects pricing.

  2. How about a 1 bedrooms in southie WITH A OFF STRERT PARKING SPOT???.. What’s the rent on that ?

    • 2400 in a triple decker with a private landlord. 3000 in a big box. institutionally owned building with a garage.

  3. One bedroom in southie WITH PARKING 2400…$400 for apartment $2000 for PARKING SPOT =2400

  4. New ” trick” being used by sanitized “slum lords “..renting out ROOMS for 1400 a month. Being don on “M” STREET 12 rooms being rented in a 3 decker..how’s the PARKING??.