Big Boston Real Estate Rentals Are in Demand

Boston real estate rentals are in demand; there is no doubt about it! And while Boston real estate renters are able to find 1- or 2-bedroom Boston condos and Boston luxury apartments, it seems that larger units are also in high demand. The problem is, they are in shorter supply. Large units appeal to Boston real estate renters ranging from families with children to students and young adults that wish to have multiple roommates.

The lack of size in many Boston real estate rental properties seems to be a major source of frustration as the demand for larger units only continues to grow. For Boston real estate renters that do not find a Boston real estate agent that is knowledgeable in the rental market, the task of finding the right home may be impossible. This is one of the many reasons it is important to find a rental market-savvy Boston real estate agent such as those at First Boston Realty International.

Some people argue that rather than renting large Boston condos or Boston luxury apartments, individuals should rent studios. The problem is, renting a studio apartment in Boston is anything but cheap. While harder to find, it is probably more economical for several people to rent a 3- or 4-bedroom Boston real estate property.

Here is a sample of average monthly rates for some Boston condos and Boston luxury apartments for rent on the market:

Studio: $1287 for an individual
1 bedroom: $1735 for an individual
2 bedrooms: $2217 ($1109/each with 2 roommates)
3 bedrooms: $2600 ($867/each with 3 roommates)
4 bedrooms: $2954 ($739/each with 4 roommates)
5 bedrooms: $3646 ($729/each with 5 roommates)

If you’ve been living in a 1-bedroom or studio Boston real estate rental property and are considering moving into a larger unit, do you intend to continue living alone or get a roommate/roommates?

To find the Boston real estate rental property of your dreams contact First Boston Realty International to discuss your rental wants and needs.