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Beacon Hill apartment rents holding the line

December marked the fourth straight month in which rents declined nationally, but landlords in Beacon Hill continued to hold the line.

December did mark the fourth month in the last five that rents dipped. But considering the 2 percent uptick from October to November, they’ve decreased only 1.2 percent since July.

The better descriptor at this point is that rents have continued to move sideways.

Rents for new leases dropped 1.6 percent from September to December, according to RealPage data.

Rent cuts are common in the winter when demand dwindles.

The rental market is shifting in favor of renters.

Boston Real Estate Blog Updated 2023

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