The city green-lighted two new projects late last week: One a 19-story project in Bay Village with 133 units; and a 21-story project in Chinatown with 130 units. Interesting as they might be on their own, what really sets them apart is a lack of onsite parking at each.
The most expensive areas to rent either a 1-BR or a 2-BR apartment right now are Back Bay, Chinatown/the Leather District, the South End, Beacon Hill, and along Southie's D Street. And a roommate goes financially further in some areas than in others.
That area, plus Southie, the Leather District, Chinatown, and East Cambridge are particularly pricey right now, according to a new report. The region’s overall median rents for 1-BRs and 2-BRs, though, have declined slightly since the start of 2016.