Northeastern, Boston University, M.I.T., and Harvard have the highest average apartment rents within a one-mile radius of their campuses among the Boston region’s better-known universities, according to a new analysis.
Real estate listings and research site RentCafe tracked apartment rents within one-mile radii of the nation’s 100 top universities as ranked by U.S. News & World Report.
Average rents near Northeastern, BU, and M.I.T. were particularly pricey: $3,335, $3,321, and $3,286 a month, respectively. The average within one-mile of Harvard meanwhile was $2,780. High, yes, but that’s still cheaper than the overall Cambridge average of $3,031 a month.
For Chestnut Hill, RentCafe said that the general average was $3,103. That makes renting within one-mile of Boston College significantly cheaper than renting in Chestnut Hill overall. The average within one mile of BC was $2,137 a month.
Renting near Brandeis University, too, appears to provide quite the discount over Waltham rents generally (more than $100 on average) and renting near Tufts University can also provide a discount versus Medford in general