The end of the year is quickly upon us, but there’s still time to rent a Boston apartment this winter- even if you’re looking to move by January 1. In an ideal world, your search would have been wrapped up by now- but inventory is low and the Boston rental market is extremely competitive right now. There are currently 516 Greater Boston apartments for rent available for move-in before January 1, 2024, and 765 if you can wait until January 15. This means plenty of choices so long as you keep a few things in mind and act fast. Whether you were hoping for a last-minute deal or have been simply beaten out for other units, if you still need a new place sometime in January you should read through this guide. We will help you find a fantastic apartment in Boston!
Look at apartments in more than one neighborhood
Whether you’re looking in the city or in the suburbs, take a look at real- time rental market data. The Real-Time Availability Rate (RTAR) and Real-Time Vacancy Rate (RTVR), are at near all-time-lows. The RTVR, which measures vacancy at the present moment, is at 0.57% for the city of Boston and 0.61% for Greater Boston. The RTAR, which takes into account currently vacant units as well as all of the apartments that will become available in the future, is at 1.88% for the city of Boston and 1.72% for Greater Boston. This means apartment availability is limited throughout.
In order to give yourself as many options as possible, you’re better off expanding your search to more neighborhoods than a single one. Depending on whether you value certain amenities, such as office space or parking, some neighborhoods may offer you considerably more choices than others. If parking is a must-have for you, your ideal Boston apartment might not be in the heart of the city. There might be other benefits to the neighborhoods you haven’t yet considered, so stay open to the diversity of locations Greater Boston has to offer.
Start your search for a Boston apartment now-…