Hey Boston! With the humidity and hot weather continually rising, it's only a sign that the summer season is indeed well on its way. For those still looking for rental apartments for the next couple of months, there's still a lot of available units out there for the taking. But before you head on out and schedule showings, here's an update of the current prices per neighborhood so you can stay informed with today's median market rates:
In other "trending" news, the median rental rate for the past six months on the year increased in almost all spots in the city, and was only static in one particular area. Just to give you a picture of what the rental market has been like these past six months, Bostonian neighborhoods averaged an increase of 3% across most of its neighborhoods. The only place where the rent remained stable was at the Fenway/Kenmore part of town, where it has consistently stayed at the $2,300 level.
Lastly, if you're curious where it's most expensive in the city, then ask no further. The local zip code 02199 (a.k.a. The Prudential Center) is ranked the Fifth Most Expensive Zip Code in the whole country! In fact, there are only 112 condominium residences in that area - not surprisingly, all belong to The Residences at The Mandarin, and the Belvedere. Talk about high-class!