Renters in the city of Boston are familiar with the difficulties of finding a Boston apartment, but inventory has reached even lower levels this year. In a previous article, we discussed the 5 neighborhoods with the most Boston apartments available. That is, with the highest Real-Time Availability Rates (RTAR) and therefore apartment options. The RTAR is a great way for future renters to plan as it allows them to know the availability of Boston apartments today or in several months’ time.
However, you may still be having some trouble with your home search if you’re looking in certain parts of the city. Here are 5 Boston neighborhoods with the lowest RTAR, and where renters may be noticing they don’t have as many opportunities.
Symphony
SymphonyRTAR: 0.20%
Symphony’s central location between the city’s Downtown neighborhoods and proximity to several universities is only one of many reasons that there is so much demand to live here. With a name like Symphony, it’s no surprise that this neighborhood is also the music hub of Boston hosting the Boston Symphony Orchestra. You’ll never find yourself short of concerts and music venues to go to should you choose to live in Symphony. As one of Boston’s older, pre-industrial, neighborhoods, you won’t find as many parking options as in other, more residential neighborhoods. However, where the neighborhood lacks in parking, it more than makes up for in beautiful architecture, diverse food options, and proximity to Boston’s T service, with direct access to the green line, and close access to the orange line.
Symphony Average Rent Prices
For a studio apartment, you can expect to pay $1,970 per month. You’ll find that 1-bedroom apartments typically average $2,647 and 2-bedroom apartments typically average $3,182. For a 3-bedroom apartment you can expect to pay $4,026. An average 4-bedroom apartment will rent for $5,224 and 5-bedroom apartments average $6,719.
Fort Hill
Fort HillRTAR: 0.66%
Though small, Fort Hill is rich…