If you rent in Boston, chances are you have a lease that starts on September 1st, which means if you are thinking of moving you probably need to give your notice next week. As you contemplate where you may end up moving, check out this interesting graphic from RentHop.
RentHop has shared the median price of one-bedroom apartments by MBTA subway stop and it also shows how much that one-bedroom rental has either gone up or down over the past year.
For example, last year renting an apartment in Central Square would have been a cheaper option, but over the past year, rent has jumped 9% near Central Square.
As one might expect, most prices have increased since last year, but some seem to have increased disproportionately.
- Green Line – Riverside: +$331.25 +22.1%
- Red Line – Savin Hill: +$258.75 +18.3%
- Blue Line – Aquarium: +$320 +16.2%
- Green Line – Boston University: +$250 +13.9%
- Red Line – Central Square: +$168.75 +9.0%
While it often feels like all the prices in Boston are going up that is not universally true. Here are some MBTA stops that have seen price drops:
- Red Line – Mattapan -$268.75 -14.9%
- Red Line – Butler: -$221.25 -13.4%
- Orange Line – Community College: -$173.75 -7.8%
- Green Line – Lechmere: -$150 -6.8%
- Blue Line – Logan Airport: -$50 -2.9%
You can read more about the research and see a larger image of the MBTA map shown above, here.