Real estate data site NeighborhoodX is out with an analysis of the rents for studios and so-called micro-apartments ('member them?) around the Boston area. Perhaps not surprisingly, Beacon Hill is the priciest area to rent a studio. A 300-square-footer there ran just over $2,400 a month in December, according to NeighborhoodX. As for micro-apartments/rentals, what are we talking about exactly?
According to NeighborhoodX co-founder Constantine Valhouli, the site defined micro-apartments (or micro-rentals) as between 260 and 460 square feet generally; and usually of newer, more advanced stock than traditional studios. In two areas where they figure prominently, Kenmore/Fenway and the Seaport, micro-rentals proved to be more expensive for tenants and more remunerative for developers and landlords. An interactive version of the chart can be found here.
· Boston Has Shoeboxes for You and Your Family to Live In [Curbed Boston]
· Our complete micro-apartments coverage [Curbed Boston]