New York has the most expensive rents in the U.S. This city is No. 2…
Rents in Boston are soaring past housing costs in famously pricey California cities like San Francisco and San Jose, making it the country’s second most expensive city for tenants, according to a new report from Zumper.
The only more expensive city is New York, where median rent prices for a one-bedroom hover just below $3,900, Zumper said. Median rent for a one-bedroom in Boston, meanwhile, hit $3,060 this month. — Zumper rental report “Like most large cities in the country, Boston’s housing market is undersupplied — but that housing shortage is especially tough to overcome in Beantown thanks to prohibitive zoning laws that favor single-family homes,” Zumper said in its report. “And new inventory coming online is skewed towards the luxury market, pushing median asking prices even higher.
— Zumper rental report However, Boston’s rising rents could also be related to seasonal patterns, given that the town is rich with students transitioning in and out of the city.