Looking for a temporary place to call home in the Hub? Whether you are a student, in the city for a short-period of time due to a job relocation, or if you simply wish to ride the rental market before you intend to buy, there are some important things you need to know. Boston is one of the more desirable locations nationwide, especially in the traditional as well as the luxury rental market. The broad array of properties from all kinds of architectural backgrounds, coupled with the fact that our neighborhoods are completely unique in their style and atmosphere, make Boston the city for everyone.
With the world-class hospitals, universities, businesses, historical lure and casual, relaxed aura of the city, it is no wonder why securing the rental unit of your dreams is a hard task to accomplish. Luxury rentals in Boston are of particular high demand. This sector is primarily for the upper class due to temporary residence, sickness and needing to be close to a hospital, athletes, or top executives in firms spread throughout The Greater Boston Area who need a part-time home, luxury rentals indeed are everywhere.
There are a plethora of high-rise luxury buildings in Boston defined by modern interiors and the highest quality of services and amenities, as well as classic brownstones that have been completely renovated. These luxury rental Boston condominiums usually command quite the pretty penny although there are always deals to be had depending on the location and the time you search for property. Did you know:
- 70 percent of all Boston apartments are available just for September 1st? Essentially this means everyone is vying for the same home at the same time, thus increasing their value and demand during the time.
- In Bostons Back Bay neighborhood, one of the most expensive, apartments typically average $4.16/square foot taking into account all of the units regardless of total bedrooms.
Evidently, not everyone is in the market for a luxury rental property in Boston. Despite this, however, all listings can be averaged off into different segments that will help you best define which neighborhood falls into your price range. Below are the Top 10 Most and Top 10 Least expensive areas of Boston where you can find a rental property. Moreover, these are taken as an average listing price, therefore once again, as mentioned above, the total bedrooms are never taken into account.
Top 10 Most Expensive Neighborhoods of Boston:
- Waterfront $4,255
- The Harborfront (formerly the Financial District) $3,667
- Theater District $3,435
- West End $3,368
- Back Bay $3,328
- Kendall Square $3,280
- Seaport $3,262
- Downtown Boston $3,256
- South Boston $2,969
- Bay Village $2,914
Top 10 Least Expensive Neighborhoods of Boston:
- Hyde Park $1,622
- East Boston $1,667
- West Roxbury $1,694
- Revere $1,774
- Dorchester $1,816
- Roslindale $1,907
- Kenmore $1,913
- Fenway $1,913
- Brighton $1,958
- Allston $1,995
Whether just moving to Boston or you have been there for years living as a tenant, there are always lovely homes to be found that satisfy a world of tastes. Gibson Sothebys International Realty is strategically situated throughout many of the most popular corners of the city allowing us to have that up to date knowledge and expertise about what is or will soon be on the market. It is our goal to find you the property that ticks all of your checklist off and for us to guide you through assessing what the proper expectations should be along with your realistic options today and into the future.
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