Brighton remains one of the more affordable neighborhoods to rent an apartment in Boston. Brighton’s current average rent price is $303 less than Boston’s city-wide average ($2,683) and it ranks as the 9th most affordable rental market among the 24 neighborhoods that comprise Boston.
2022 Brighton Apartment Rental Market Forecast
Renters in Brighton will be looking at a more competitive rental market in 2022 than in past years. The reduced rent prices and landlord concessions that were typical throughout COVID will be a rare find in 2022. Apartment hunters will also be looking at significantly less available apartments in Brighton this year than what was available before the pandemic.
Apartment scarcity has hit a critical juncture in Brighton’s rental market. The low supply has already pushed rent prices above previous record-highs, and that trend is not ending anytime soon. Prices will likely continue to rise throughout the remainder of 2022 instead of stagnating during Q4 as it has done previous years. At the current rate of price growth, Brighton’s average rent price would exceed $2,500 by the end of the year.
Accordingly, renters in Brighton should act early in 2022 to see the best prices and most inventory. Apartment availability has already begun trending downwards in Brighton, so those who put off their search until July and August will be facing very limited options. Similarly, prices will continue to rise as the RTAR and RTVR pushes lower.