Boston Real Estate for Sale

Will tenants look for more affordable apartments because of Covid-19? Half of the respondents in a survey said they will need to look for a more affordable place to rent because of the COVID-19 pandemic. Another 20% said they were uncertain about whether they will search for a more affordable rental until they are more certain about their job status.

Apartment Renters Financial Concerns

In the findings, 70% are concerned about their ability to pay bills and loans.

Almost half of the respondents are not worried about moving. Those who do worry are anxious about keeping their jobs to afford rent and are fearful of increasing their chances of getting COVID-19. Only about 12% are apprehensive of being forced to move because their lease is ending.

Technology and Apartment searches

Virtual tours, online tools, and contactless pay are becoming more popular for renters, and the pandemic only sped up this digital disruption. Asked, “Using a 3-D virtual tour, would you sign a lease without an in-person visit?”, almost 38% answered yes. 

Almost 42% indicated that even though they would not sign a lease without an in-person visit, they would use a virtual tour to narrow down their choices.

View over 200 Beacon Hill apartments for rent: Reduced broker fees 

Sorry we are experiencing system issues. Please try again.

Updated: Boston Real Estate 2020

Click to View Beacon Hill Apartment recent rental data & stats

Boston Real Estate for Sale



Call Now