Here's How Much the Cost of Rent in Boston Has Skyrocketed in the Last Year

Only two cities had rent grow even faster than the Boston area between July 2021 and this July, according to a new survey.

Local lawmakers are pushing for rent stabilization as rents skyrocket in the Boston area.

But the increase in the cost of renting appears to be leveling off. In June, the median rent in the Boston area was $2,966, meaning it only increased by $29 into July. Realtor.com's chief economist, Danielle Hale, said in a statement that"renters are feeling it everywhere, but there may be some relief ahead. Survey findings suggest that landlords are adjusting their approaches to renters' tightening budgets, while July data shows rent growth is leveling off at a relatively cooler pace than in 2021."

The survey looked at studios, one-bedroom apartments and two bedrooms across the 50 largest metropolitan areas in the U.S. The Boston metro area includes other nearby cities and suburbs and parts of southern New Hampshire.

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