Boston is among the top American cities that provide the best quality of life. Its status as a world-class city, however, also means Boston apartment rents tend to be higher than in other locations across the country. Boston also has some of the lowest apartment availability in the nation. We all understand the law of supply and demand, and the exceptional scarcity of Greater Boston apartments is reflected in our pricing.
The average rent in the US for a 1 bedroom apartment reached $1,492, but for the United State’s largest cities that number is closer to an average of $2,000 per month. By comparison, the average rent price for 1 bedroom apartments in the city of Boston is currently $2,475. Boston’s Real-Time Availability Rate (RTAR) and Real-Time Vacancy Rate (RTVR) sit at 3.64% and 0.42%, respectively. However, there are still plenty of neighborhoods that provide affordable options, without sacrificing Boston’s unique charm and appeal. We’ve broken down a list of the top 10 most affordable neighborhoods in the city to help you find the best 1 bedroom Boston apartment within your budget.
10. Allston – $2,229
Starting our countdown is Allston, a neighborhood known for its active nightlife and music scene. Allston is known for its rock-scene, offering residents several famous rock venues, including the nearby Paradise Rock club, along with a variety of restaurants and thrift stores. Plus, it’s one of the more affordable neighborhoods in Boston, so you can enjoy all the fun Allston has to offer. The RTAR in Allston (5.19%) is higher than in Boston (3.64%), while the RTVR (0.26%) in Alston is comparable to that of Boston (0.42%). This means that while vacant apartments aren’t available in abundance, if you search a few months before your move- in date you’ll be able to view a selection of Allston apartments to choose from.
9. Jamaica…
