July 15, 2020 Comments Off on Boston Apartment Rents Fell Nearly 6% in June Views: 525 Boston, Boston New England News, Top Boston

Boston Apartment Rents Fell Nearly 6% in June

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Boston’s effective apartment rents fell in June, outpacing the drop in asking rents, according to recent data from RealPage analytics.

Rents in executed leases in Boston were nearly 6% lower in June than they were last year. Asking rents haven fallen by around 3.2% in that same time span, according to RealPage. Average asking rent in Boston is now $2,346 per month, which is still around $930 more than the national average.

“The COVID-19 pandemic has hit the Boston apartment market more severely than most other major markets in the U.S. as both rent change and occupancy continue to slip relative to pre-pandemic levels,” RealPage said in a statement.

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