East Boston’s apartment rental market has undergone quite a transformation even before 2020 and the market turbulence that came with it. Over the previous 10 years, rising rent prices in neighborhoods close to Downtown were quickly gentrifying East Boston, as renters began looking outward for relief in rent prices. Just a year ago, East Boston was experiencing record low vacancy rates thanks to a steadily growing metro population and a shortage of affordable housing in Boston.
rental
I just signed a new lease for an apartment here in Boston and was thinking this morning about the rental market and how it differs so much from city to city, and even from section within city to section within city. Around here, if you see anything that even seems remotely passable at a decent price, you need to act immediately (as in same day), show up with check in hand, be pressured, give a pint of blood and some fingers, and then pay first/last/security/brokers fee in many cases.
The boy and I have started the search for our next apartment (or rental house, or um...large cardboard box, perhaps). It's more than a little intimidating. We've been in Boston for almost 2 years now, so I could go to school, and he could work :) We found the place we're living in now through a broker, and although the Fens have their charm, let's just say we're looking for something a little less...people throwing up and shrieking below our windows at two in the morning, if you know what I mean. We're not looking for anything fancy, really. 1 bedroom plus an office, or a wee second room. Cat friendly.