Greater Boston's rental market became highly competitive in 2025, ranking No. 11 nationwide and No. 1 in New England. Demand pushed occupancy to 95%, with apartments averaging 38 days on the market and 11 renters competing for every vacant unit, while new apartment construction rose only 2%. Lease renewals increased 2.6 percentage points to a 64% renewal rate, indicating strong tenant retention. Boston was the only northeastern market to grow more competitive in 2025, recording a Rental Competitiveness Index score of 81.5 versus the national average of 75.2.
"Demand so outpaced supply in greater Boston that the metro experienced a 95% occupancy rate in 2025. Apartments spent an average of 38 days on the market, and 11 renters competed for every vacant unit. Meanwhile, new apartment construction ticked up by just 2%. Once Boston renters secure a home, they are unlikely to leave. The city's lease renewal rate grew 2.6% during 2025 to 64%."
"Using data from Yardi Systems, RentCafe ranked 139 rental markets in the U.S. based on metrics like occupancy rate and share of new apartments built. Besides the No. 1 spot in New England, Boston placed No. 11 nationwide. Boston was the only market in the northeastern region in 2025 to become more competitive (up 1.5%), according to RentCafe's Rental Competitiveness Index. Boston's RCI score sits at 81.5 compared to the national average of 75.2."
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Read at Boston Condos For Sale Ford Realty
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