Buy Apartment Boston

The increase in remote work has expanded the need for more in-home space. The average size of a Boston apartment is 810 square feet, while the living space in a Boston house is about 1,127 square feet, so owning a Boston home could mean you have more space for working from home.

buy apartment boston

Lead Photo: Yadan Zhao, 40, preparing food in the Chinatown one-bedroom apartment she shares with her husband and three children. Her landlord is selling the building to a buyer who wants it empty, and she's worried about being priced out and evicted. (Sarah Betancourt/GBH News)

Millennials and older adults alike are choosing to spend more on an apartment, condo, or house to avoid spending hours each week commuting. It is seen as an investment in their quality of life. This explains why downtown Boston is seeing price increases far higher than the rest of the Boston metro area.

Latest Rental Market Statistics: According to RENTCafe, 51% of the households in Boston are renter-occupied, which is a significant population. More than 95% of the apartments fall in the range of $2,000 or more, which shows how high are the rents in Boston. As a rental property investor, it should be on your list of due diligence. Do the math and find out the best neighborhood & property that suits your investment goals.

The average size for a Boston, MA apartment is 812 square feet with studio apartments being the smallest and most affordable. 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage.

As of February 26, 2023, the average rent for a 1-bedroom apartment in Boston, MA is currently $2,700. This is a 1% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Boston decreased by -10% to $2,100. The average rent for a 1-bedroom apartment decreased by -10% to $2,700, and the average rent for a 2-bedroom apartment decreased by -6% to $3,200.

But it is attracting people who snap up 800-square-foot condos that may yet cost less than half a million dollars. Others snap up the new luxury apartments at Jeffries Point, because of its views of downtown Boston. Note that the area is connected to mainland Boston through the Sumner Tunnel.

When you are renting, you can only change so many things about your apartment without getting in trouble with the landlord. When you buy a home though, you can break down walls, change the paint colors, swap out the flooring, and more, without so much as batting an eye.

NextGen Realty has all the best Metro Boston apartments and Real Estate listings throughout the greater Boston area to assist you in making your important decision. Use our advanced Boston Real Estate website to locate the perfect apartment to rent or condominium and/or home to purchase.

If we take these estimates and compare them to the average rent price, we can see that owning a home is more expensive monthly in the short-term compared to renting an apartment. The average condo owner would be paying $594 more than the average renter in South Boston, while a homeowner would be paying $1,030 more per month. Bear in mind that these figures are broad and based on median sales prices and averages. They do not take into account other important considerations such as utility expenses, commute, size of unit, or long-term appreciation.

It is important to compare renting an apartment through the university with leasing from a private landlord. 54-56 Burbank Street Unit 6, located near Northeastern and BU, is a two-bedroom apartment that would cost each roommate $1,650/month for a 12 month lease. Finding a rental priced similarly to 54-56 Burbank St Unit 6 is very difficult for many students and young professionals as the demand is so high; this particular apartment received over 40 interested groups.

Five apartments at 54-56 Burbank St are for sale as a package. As discussed, the demand for rental properties close to colleges and universities in Boston is extremely high. Finding good renters would be straightforward for anyone who purchases these units. In fact, Unit 6 has just been rented for 2022-2023 and Unit 1 has received over 40 requests to preview the space and numerous applications.

Known for their reddish-brownish brick exteriors, Boston brownstones offer a combination of fine home and apartment living. The units are considered row houses - and are constructed from brownstone and other durable materials.

If you are looking for a new home or apartment, why not purchase a unit that offers the benefits of both? Back Bay Brownstones are some of the most highly sought after homes for sale in the Boston area. The following are some of the benefits of joing the group of people that are brownstone owners.

In fact, investors from all over the country have purchased available units in the growing and luxurious Back Bay area. With a brownstone townhome, you never have to worry about home association fees, lawn maintenance (unless you have a garden on the roof), patio and deck maintenance (unless these structures are on the roof), etc. Similarly, you do not have to pay rent each month for Boston-area apartments, condos and other units.

Back Bay Brownstones truly offer the best in home and apartment living. From fireplaces and contemporary kitchens to spacious rooms and closets - there are so many benefits of investing in brownstones as opposed to regular single family homes or apartments. For more information, contact your top real estate agent in Boston HERE and speak with the townhouse experts today.

"Through this public-private partnership, we will be able to realize a shared vision for a high-quality mixed-use development that brings new apartment options for residents, modern retail amenities and significant new tax base to the community," Barrett said.

Enjoy a long list of comforts and conveniences in your Boston apartment, including quartz countertops, kitchen islands, stunningly high ceilings, and complimentary high-speed internet. The sweeping views from the balconies and resident lounges are breathtaking, as is our repurposed historically landmarked monastery. Restored to include custom apartments with heaven-high ceilings, retained historic charm, and state-of-the-art features.Realtime Availability

Residential Applicants and Lease Guarantors. Anyone applying to live at one of our communities or to guarantee a lease for another person applying to live at one of our communities will be asked for information needed to process an application, including: (a) name, (b) address, (c) telephone number, (d) email address, (e) social security number, (f) date of birth, and (g) your preferences regarding your future apartment. We will use this information to process the application and also to contact the applicant and/or guarantor.Current Residents. Any resident of one of our communities has provided PeakMade Real Estate with Personally Identifiable Information, including: (a) name, (b) address, (c) telephone number, (d) email address, (e) social security number, (f) and date of birth. We will use this information to complete your resident profile and also to contact you regarding your residency with us. We will share only your name, telephone number, and email address with potential roommates in your apartment and also with third party vendors who provide resident services at your community, like utility billing, valet trash or package services, or marketing services on behalf of PeakMade Real Estate.

We may combine the Tracking Data we collect from you with your Personal Information and use the combined information for our own customer research and marketing purposes, such as to identify which Site users we think are most likely to lease an apartment in the near-term. We may share the results of that research with third parties, but we will not share the combined information with any third party for its own marketing or other use.Use of Cookies 041b061a72