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BOSTON (WBZNewsRadio) - Boston is now the 2nd most expensive city for renters in the U.S. according to the latest report from real estate platform Zumper.
The October list of renters prices shows Boston's median one-bedroom rent jumped 5.9 percent since September, with a one-bedroom costing renters an average of $3,060 a month. That jump pushed Boston ahead of San Francisco, which will cost renters an average of $3,020 a month. New York City took the number one spot at $3,860 per month.
Zumper highlighted Boston's rising rent costs could be attributed to it's housing crisis, in part caused by zoning laws favoring single-family homes.
"One caveat to this trend is that Boston-with its dozens of colleges-is especially subject to seasonal patterns." The report said. "So we can expect prices to soften a bit now that students have settled into their new homes and we enter what is traditionally the low season for renting across the country."
Nationally, rent is trending in the opposite direction of Boston, with average prices for a one-bedroom apartment dropping an average of 0.8 percent over the last month to just $1,491. Prices for a two-bedroom dropped 0.7 percent to $1,832.
WBZ's James Rojas (@JamesRojasNews) reports
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