2021 Fenway Rental Market Report

Being home to the Boston Red Sox and several large universities, Fenway’s apartment rental market is usually in high demand. That all changed in 2020, when remote learning sent apartment availability through the roof in Boston’s student enclaves. Fenway’s real-time availability rate (RTAR) ballooned to an unprecedented 18.96% in December 2020. A year later, that figure has contracted to 0.88%. So to recap 2021, we began the year with record high apartment availability, and we’re ending it at an all-time low.