Boston is the most expensive rental market in the country

by Liz Hughes

The national median asking rent rose to $2,045 in June, the first time it’s gone above $2,000, according to a new Dwellsy report. That’s up 27.9% from a year prior and 2.5% from May. 

But Boston rents were much higher. 

In Boston, the median asking rent last month was $3,000, up 11.3% from last year. And while single-family rentals are driving rent increases nationally, according to the report, that wasn’t the base in Beantown where single-family home rents rose 4% in the past 12 months compared to apartment rents which grew 15%.  

Boston remains the most expensive rental market among the largest metros in the U.S. by population. 

Although rents nationally are continuing to rise, the report found the June figures actually show rents are starting to cool as apartment rents fell by $2 per month, while single-family home rents are continuing to drive the median rent up, increasing $40 from May. 

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