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The Truth About "Cheap" Rents in Boston

BOS summerIt's common knowledge that Boston is an expensive city to live in - rental rates haven't exactly been rosy for apartment hunters, nor has the inventory been kind to many who are looking. And with the peak real estate summer months rolling by, there's an upsurge yet again of individuals who are looking for housing in the already-congested rental market. That's why our number one advice for those looking for housing is to set their goals straight before beginning a search.

Particularly, renters should always have a goal in mind, defining the neighborhood and the price point and amenities they're looking for in a rental home or unit - remember that strategy is key when searching, especially in Boston where 45% of renters end up shelving out more than 30% of their monthly income for rent. That's a figure that's unacceptable to some, but necessary to many.

So, given all of this, is it still possible to rent your dream apartment without shelling out most of your hard-earned money? Well, that depends on what you're looking for. Median rent in Boston (City Centre) right now stands at $1,902.50 for a 1 bedroom - that's not counting Cambridge and other parts of Greater Boston, though so there's definitely hope for those who are searching on the outskirts of the city.

We've conveniently compiled a list for you to see which neighborhoods are above the median rent, so you'll know how to strategize your search given your budget:

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Given these numbers, we suggest starting your search for a one bedroom in neighborhoods closest to your work or school . Narrow it down further by looking at the how much you're willing to spend and the closest areas that match your spend. Obviously the neighborhoods that have cheaper rent than the rest of the city will of course be more saturated with applications. Good thing though we have a master list of inventory available in these neighborhoods, and we'd be happy to give you an insight to which ones are "cheap rents".

So get in touch with us now, call (617) 505-1781 or email us at info@bostonire.com before everyone else gets wind of this!

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