Boston apartments

Boston apartments

Here’s a terrific look at the growing gap between the asking prices for apartment rentals in Boston versus asking prices across the rest of the nation.

In 2008, Downtown Boston’s average monthly asking rent was $2,637, roughly 150 percent higher than the average national asking price of $1,050. In 2012, Downtown Boston’s average monthly asking rent of $2,861 was roughly 160 percent higher than the national average, according to the BBJ.

In other words: The gap is growing.

Ok, you might be thinking: You’re comparing a downtown city market with the entire sum total of the US.

Sure, the difference between metropolitan Greater Boston’s asking prices is indeed not as great, but the difference is still huge and the gap is still growing.

In 2008, Greater Boston’s average asking price for an apartment was $1,740, nearly 65.7 percent higher than the national average. In 2012, the gap between Greater Boston and the nation was 66.3 percent, according to BBJ data.

There are two ways to look at this trend of rising rents and growing gaps: 1.) It’s a sign of a healthy apartment market and local economy. 2.) It’s those two things, but also it’s a sign that tenants are paying more out of their paychecks for apartments and that makes Massachusetts a less desirable and competitive place in the medium- and long-term when attracting and keeping employees.

Bottom line: It’s a great article by the BBJ (sub. required).

File under: More housing construction, of any type, please.

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Updated: January 2018

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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