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Showing posts with the label MedfordMAApartments

Medford Apartment Rental Market Report 2022

https://bostonpads.com/blog/boston-rental-market/2022-medford-ma-apartment-rental-market-report/ Based on the most recent rental supply figures, demand for Medford MA apartments has never been stronger. Thus far in 2022, both apartment availability and vacancy rates in Medford have remained 20-30% below their pre-pandemic levels from 2019. During COVID, rental supply levels and average rent prices remained stable in Medford compared to most Greater Boston neighborhoods. Now as a result of the tight inventory, Medford’s average rent price is up +4.63% year-over-year and has surpassed its previous all-time high from July 2020 ($2,159) by $57. Let’s have a look at the trends moving Medford’s apartment rental market in 2022.

Featured Medford Apartments for Rent

https://bostonpads.com/blog/renters/featured-medford-apartments-for-rent/ The current demand for apartments in Medford is at an all time high. The Real- Time Vacancy Rate (RTVR) and the Real-Time Availability Rate (RTAR) are 20- 30% below the pre-pandemic levels- meaning there’s just not enough inventory. This much demand in the Medford area is typical. Due to the lack of inventory, the average rent price for Medford apartments is up 4.63% from this time last year. It’s now $57 more expensive on average to rent than the previous all time high of $2,159 in July 2020. That being said, if you are looking to live in the Medford area, we have the most inventory available. Let’s take a look at some featured Medford MA apartments that are available for rent.