Why Apartment Rental Prices in Boston are High
By Scott Mitchell, Scott Mitchell, Realtor
(RE/MAX Leading Edge)
Why Apartment Rental Prices in Boston are High I always seem to hear the same thing from clients looking for rentals, “wow, Boston apartment’s rental prices are so high”, even more so with out of state clients relocating to the Boston area. Boston is one of five cities that have the most expensive apartment rentals in the country, followed by New York, Miami, LA, and San Francisco, according to Trulia. Over the past few years, the country has seen a drastic increase in rental prices and about 3.9% increase just this year alone. Now, as you my already know, this nationwide increase is mainly due to the recession we just went through. Mainly because when people are losing their homes or when large amounts of people can’t be approved for mortgages because of banks tightening of loan req...
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