East Boston Apartment Rental Market

East Boston is one of the most up and coming neighborhoods in metro Boston. It’s a short bridge ride to the heart of the city in the North End, and it’s conveniently located right next door to Logan Airport. Also rent prices and vacancy for East Boston apartments tend to much much more friendly to the average Joe.

As the Boston real estate market continues to soar, “Eastie” will present a good option for locals looking for a break for surging apartment prices.

The average rent price for 2 bedroom apartment in East Boston is $2,262. That is up 6.55% compared to a year ago.

Compared to the average rent price for a 2 bedroom apartment in Boston, East Boston is $331 less expensive. It is $401 less expensive to rent a 3 bedroom apartment in East Boston compared to the city average.

The Current Vacancy Rate for East Boston apartments is 1.01%. Out of 1,722 total apartments in East Boston, only 17 are currently vacant and available for immediate move in.

Vacancy Rate is the total number of apartments available for immediate move in divided by the total number of apartments. This statistic excludes luxury listings for accuracy.

The Current Availability Rate for apartments in East Boston is 6.17%. That sits higher than the availability for Boston as a whole, which is 4.88%.

Availability Rate is the total number of apartments available for immediate move-in plus those units set to become available in the future, divided by the total number of apartments in East Boston. This excludes luxury listings.

According to the numbers, the secret is out on East Boston. As more residents move into this highly sought after neighborhood, you can expect prices to continue to climb at a faster rate than the rest of the city.