"Demand so outpaced supply in greater Boston that the metro experienced a 95% occupancy rate in 2025. Apartments spent an average of 38 days on the market, and 11 renters competed for every vacant unit. Meanwhile, new apartment construction ticked up by just 2%. Once Boston renters secure a home, they are unlikely to leave. The city's lease renewal rate grew 2.6% during 2025 to 64%."
"Using data from Yardi Systems, RentCafe ranked 139 rental markets in the U.S. based on metrics like occupancy rate and share of new apartments built. Besides the No. 1 spot in New England, Boston placed No. 11 nationwide. Boston was the only market in the northeastern region in 2025 to become more competitive (up 1.5%), according to RentCafe's Rental Competitiveness Index. Boston's RCI score sits at 81.5 compared to the national average of 75.2."
Greater Boston's rental market became highly competitive in 2025, ranking No. 11 nationwide and No. 1 in New England. Demand pushed occupancy to 95%, with apartments averaging 38 days on the market and 11 renters competing for every vacant unit, while new apartment construction rose only 2%. Lease renewals increased 2.6 percentage points to a 64% renewal rate, indicating strong tenant retention. Boston was the only northeastern market to grow more competitive in 2025, recording a Rental Competitiveness Index score of 81.5 versus the national average of 75.2.
#boston-rental-market #occupancy-and-demand #new-apartment-construction #lease-renewals #rental-competitiveness-index
Read at Boston Condos For Sale Ford Realty
Unable to calculate read time
Collection
[
|
...
]