The current average rent for a 2-bedroom apartment in Quincy is $2,328, representing an increase of 5.64% over the last year. Despite a generally upward trend in rent prices over the last two years, there has been a decrease of 2.03% for 2-bedroom apartments in the last 30 days.
The current average rent for a 1-bedroom apartment in Quincy is $1,988, representing an increase of 7.11% over the last year. There has been a general upward trend since December 2020.
The current average rent for a studio apartment in Quincy is $1,796, representing an increase of 1.75% over the last year. There was a brief spike in prices between late February and early April of this year.
These record high rental prices for Quincy are still substantially lower than most of the Greater Boston area, much of which has seen even higher rates of increase over the past year.
2023 Quincy Rental Market Forecast
Quincy’s average rental prices will likely continue their steady climb given the trend in the rest of the Greater Boston area. The rate of average rental price increase for 1-bedroom and 2-bedroom apartments in Quincy is lower than the average rate of increase for the City of Boston, making them of particular interest to a certain value-conscious segment of potential renters. This also means that the very low real-time vacancy rate and real-time availability rate will likely continue. This would seem to indicate that there is a low turnover in tenant occupancy. Please note: Luxury buildings in Quincy were purposely omitted from this report to provide the greatest level of accuracy.