Looking for a temporary place to call home in the Hub? Whether
you are a student, in the city for a short-period of time due to a
job relocation, or if you simply wish to ride the rental market
before you intend to buy, there are some important things you need
to know. Boston is one of the more desirable locations nationwide,
especially in the traditional as well as the luxury rental market.
The broad array of properties from all kinds of architectural
backgrounds, coupled with the fact that our neighborhoods are
completely unique in their style and atmosphere, make Boston the
city for everyone.
With the world-class hospitals, universities, businesses,
historical lure and casual, relaxed aura of the city, it is no
wonder why securing the rental unit of your dreams is a hard task
to accomplish. Luxury rentals in Boston are of particular high
demand. This sector is primarily for the upper class due to
temporary residence, sickness and needing to be close to a
hospital, athletes, or top executives in firms spread throughout
The Greater Boston Area who need a part-time home, luxury rentals
indeed are everywhere.
There are a plethora of high-rise luxury
buildings in Boston defined by modern interiors and
the highest quality of services and amenities, as well as classic
brownstones that have been completely renovated. These luxury
rental Boston condominiums usually command quite the pretty penny
although there are always deals to be had depending on the location
and the time you search for property. Did you know:
- 70 percent of all Boston apartments are
available just for September 1st? Essentially this means everyone
is vying for the same home at the same time, thus increasing their
value and demand during the time. - In Bostons
Back Bay neighborhood, one of the most expensive, apartments
typically average $4.16/square foot taking into account all of the
units regardless of total bedrooms.
Evidently, not everyone is in the market for a luxury rental property
in Boston. Despite this, however, all listings can be averaged
off into different segments that will help you best define which
neighborhood falls into your price range. Below are the Top 10 Most
and Top 10 Least expensive areas of Boston where you can find a
rental property. Moreover, these are taken as an average listing
price, therefore once again, as mentioned above, the total bedrooms
are never taken into account.
Top 10 Most Expensive Neighborhoods of Boston:
- Waterfront $4,255
- The Harborfront (formerly the Financial District) $3,667
- Theater District $3,435
- West End $3,368
- Back Bay $3,328
- Kendall Square $3,280
- Seaport $3,262
- Downtown Boston $3,256
- South Boston $2,969
- Bay Village $2,914
Top 10 Least Expensive Neighborhoods of Boston:
- Hyde Park $1,622
- East Boston $1,667
- West Roxbury $1,694
- Revere $1,774
- Dorchester $1,816
- Roslindale $1,907
- Kenmore $1,913
- Fenway $1,913
- Brighton $1,958
- Allston $1,995
Whether just moving to Boston or you have been there for years
living as a tenant, there are always lovely homes to be found that
satisfy a world of tastes. Gibson Sothebys International Realty is
strategically situated throughout many of the most popular corners
of the city allowing us to have that up to date knowledge and
expertise about what is or will soon be on the market. It is our
goal to find you the property that ticks all of your checklist off
and for us to guide you through assessing what the proper
expectations should be along with your realistic options today and
into the future.
More Information: BostInno