Those hoping to snag property in Boston’s competitive and pricey market might be in luck. According to a recent Curbed report, developer Related Beal has opened applications for an assortment of new workforce and affordable housing units in the city.

Related Beal said the project is “the largest new construction of affordable and workforce housing in downtown Boston in more than a quarter-century.” And while Boston as a whole probably won’t follow an affordability trend anytime soon, the new development — officially called “The Beverly” — has the potential to be a great start for hopeful renters feeling stuck amidst the competition.

The 14-story, 239-unit building is located at 101 Beverly Street near North Station. Households earning an annual income of $64,500 to $198,000 can rent one of the “workforce” units starting at $1,940 per month. For households earning $17,578 to $60,000, the “affordable housing” apartments are available to rent starting at $492 per month. The Beverly consists of a mix of non-luxury studios, one-bedrooms, two-bedrooms and three-bedrooms, according to the report. Those interested must submit an application by September 6 to qualify for January 2018 move-in.

Boston rent actually trending downward

According to Zumper’s June 2017 national rent report, Boston still nearly tops the list of America’s rental markets. In fact, the average rent for a two-bedroom apartment rose .08 percent from May to June and now sits at around $2,650 per month. Strangely enough, however, the city as a whole has actually started to follow a downward trend year-over-year when it comes to average rent. Boston’s average rent of $3,170 in May 2017 was a 1.1-percent decrease from what it was in May 2016.

Despite being plagued by a lack of housing inventory, the city has also seen a fair amount of apartment construction recently. Boston is currently estimated to have the 12th highest number of apartments completed — approximately 7,558 units — by the end of 2017.