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Medford Apartments for Rent You Don’t Want to Miss

https://bostonpads.com/blog/renters/medford-apartments-for-rent-you-dont-want-to-miss/ Medford is a great city with a short commute into Boston. It has something for everyone- great restaurants and shops, an extensive history, and plenty of green spaces. That’s why there’s a lot of demand and renters should start their apartment search early, long before they need to move into their new residence. On that note, now is the time to start looking for Medford apartments if you’re looking to move in mid- 2023. The following list will help you get started and get an idea of what’s on the market.

Medford Rent Price Surpasses All Time High In March

https://marketersnow.com/medford-rent-price-surpasses-all-time-high-in-march/ Medford’s average rent price has just surpassed its previous all-time high this month. The current average rent price of $2,158 eclipses the previous record of $2,156 set in July of 2020 after stagnating for 18 months during the pandemic. With apartment occupancy nearing all-time highs in Medford, it looks like 2022 will be a banner year for Medford’s apartment rental market. Medford’s recent rent price growth comes as the neighborhood approaches record high occupancy. The current vacancy rate for Medford apartments sits at 0.67%, close to the all-time low of 0.62% set in March of 2020. Considering there are 5 months left until vacancy hits its cyclical low, that number will continue to push to unprecedented lows as we approach September. Apartment availability, another key supply metric, is currently 2.8% in Medford. Compared to its pre-pandemic level in March 2019, that is 1.15% lower indicating tha...