#averagerentprice

Over the past year, the local housing economy has seen a shift in renter demand from the densely populated neighborhoods of Downtown to the suburbs. As a result, the divergence between average rent prices of the City and its suburbs has shrunk, as rent prices have dropped in some of Boston’s premier neighborhoods while simultaneously increasing in some of Boston’s outer areas. Despite this shift, the most expensive suburbs to rent an apartment in Boston have remained relatively unchanged since last year. These are the top 5 most expensive suburbs to rent an apartment.

Rental prices in South Boston have been steadily on the rise over the past decade. This iconic Boston neighborhood has transformed itself from the tough blue-collar neighborhood of the twentieth century to the diverse and developing white-collar neighborhood it is today. Average rent prices are reflective of that trend, as South Boston is now one of the more expensive neighborhoods to rent an apartment in Boston. Currently the average rent price in South Boston is $2,752, which is about 8.9% higher than Boston’s average rent of $2,528. That average rent ranks South Boston as the 10 most expensive area among all 33 neighborhoods that make up Boston and its closest suburbs. That average rent price makes the cost of South Boston apartments about the same as apartments in Cambridge and Brookline, two of Boston’s best suburbs.