Renting options in Boston and surrounding areas are becoming less affordable as the price gap between downtown and suburban neighborhoods narrows. The average rent for a two-bedroom apartment in Charlestown and South Boston is now comparable to Beacon Hill rates. Although Massachusetts remains the second most expensive state for renters, a slight decrease in the average price of one-bedroom apartments has been observed. Major cities like Brookline, Cambridge, and Somerville continue to see high rental costs, while certain neighborhoods offer more affordable options for different apartment sizes.
The average rent for a two-bedroom apartment in Charlestown and South Boston is about the same as the average rent on Beacon Hill, according to data from ApartmentAdvisor.
Massachusetts continues to hold its rank as the second-most expensive state for renters, behind New York, but the average price of a one-bedroom in the state has declined 1.8 percent year over year.
The most expensive Massachusetts cities for renters remain in Greater Boston, with Brookline having the highest one-bedroom apartment price ($3,000), a 5.3 percent increase from last year.
Despite the climbing prices in certain neighborhoods, the good news is that two-bedroom prices in Boston and surrounding areas have declined over the past year.
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