For home and apartment renters in Boston, this time can be stressful. Decisions must be made. Will you renew your lease or do you start to pursue other options? Has your landlord decided to increase your rent? Maybe you’re one of the luck few who find their rent staying the same. No matter what situation you’re in, you’ll want to have a quick look at this list of the areas where rent rose and fell the most the past year.
Allston, Harvard Square, Allston, Mission Hill, East Boston, and The North End were some of the few areas to see a rise in rent prices. On the other end of the spectrum, areas such as Beacon Hill, MIT, East Cambridge, Fenway, and Downtown all saw a decrease in their perspective rents.
Take a look at the neighborhood you’re in and decide what the next move is. For example, as a college student, I have noticed an increase in the number of students moving to East Boston (goodbye Allston). In fact, every floor in my building is filled with college students (and no, while this makes impromptu party throwing easier than if we had lived next door to a family of five, this setup was not planned). If being in area where changes are occurring excites you, maybe East Boston is the place for you. Then again, our landlord surprised us with an increase in rent, but a quick look at this map could have predicted that.
The post Fluctuations in Boston’s Rent appeared first on ParkEasier.