Real estate data and listings site Zumper has long kept Boston in third place in its regular reports on the priciest U.S. markets for renting a 1-BR apartment, always behind San Francisco and New York. The same dynamic generally held for 2-BRs, too.
the first timeonly the third time—and the first time since July 2016—Boston is not the nation’s third most expensive rental market per Zumper. It’s the fourth.
Silicon Valley-dominated San Jose gets the bronze in the site’s March 30 report, which analyzed the rents for all vacant and available homes that Zumper tracks.
The median rent for a San Jose 1-BR is $2,260, and for a Boston 1-BR it’s $2,200.
Don’t get too excited: Boston’s sum is still roughly twice the national median of $1,164. Plus, the Boston median for a 2-BR is $2,600. Nationally, it’s $1,377. See chart below.
The take-away, then? Still a very expensive area to rent an apartment, whatever the moderation.