September 1 is quickly approaching and many renters are still searching for a Boston apartment in an extremely tight market. The real- time vacancy rate (RTVR) is now at 0.25% for the city of Boston and the real- time availability rate is 0.84%. Real estate agents all over the city are running out of properties to show, if they haven’t already. Low Inventory Syndrome (LIS) is affecting renters’ ability to find their next home. LIS is also affecting some real estate agents’ livelihoods.
Thankfully, Boston Pads partner offices have access to the largest real- time rental database in the region and still have plenty of listings to show- although it is considerably less than previous years. This is primarily due to housing supply not being able to keep up with demand. Currently, there are 746 non- luxury listings available. This time last year, there were 2,613 available listings. Even in 2019, when we had an extremely competitive rental market pre- pandemic, there were 1,854 available at the beginning of the day on August 26.
If you’re still looking for the right place to move into September 1, you should definitely make a decision quickly- but rest assured, we can help. Here are some of the metro Boston apartments for rent that are still available.
Available: NOW
Area of Boston: Jamaica Plain
This luxury apartment in Boston offers top quality finishes, convenience, and even some in- building entertainment. The kitchen is a chef’s dream come true with all the features of a designer unit. The maple wood cabinets are absolutely gorgeous. The marble countertops are top quality. The stainless-steel kitchen appliances are top notch and include a stove, refrigerator, dishwasher, disposal, and built-in microwave oven. The living room is spacious yet cozy. The bathroom is also top of the line, and this Boston apartment includes laundry in the unit. Building amenities include a full size gym with a climbing wall for the adventurous. The lounge also features TV…