Here's how much apartment you can get in Boston for $2K
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A monthly rent of $2,000 can get you a 646-square-foot apartment in greater Boston, 41.4% smaller than the national estimate of 1,103 square feet, per a new Redfin report.
The big picture: Across the country, renters with that budget can afford 70 more square feet than they could in 2022, when rents peaked — enough for a small office, according to Redfin.
Between the lines: The median asking rent, or the cost of a new lease, was recently $2,725 in greater Boston and $1,615 nationwide, per the report.
Reality check: Many are pouring money into rent.
- Over a quarter of U.S. renters spend more than half of their income on housing, census data shows.
What we're watching: As people postpone home purchases, increased apartment demand and less apartment construction pave the way for higher rents.