The February Downtown Boston Apartment average rent went up by 2.9% year-over-year
The average downtown Boston apartment rent was $3,432 in February, up 2.9% since last year, according to apartment data from Yardi Matrix. February apartment rents nationwide maintained the same pace as in January, rising by 3.2% year-over-year. Overall, rents are growing a bit slower than the same time last year, when they were rising at a 3.5% yearly rate according to Yardi Matrxi study.
As the chart below shows, Boston is still in top 3 major metropolitan cities with the highest apartment rents.
|2||San Francisco, CA||$3,629||0.2%|
|5||San Jose, CA||$2,790||3.1%|
Due to the coronavirus, March, we’ll start seeing a plateau of rent increases, perhaps the beginning of rent decreases depending on the coronavirus crisis.
The charts below show Beacon Hill apartment stats for the last 30 days
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