2022 East Boston Apartment Rental Market Report

East Boston’s apartment rental market has emerged from the pandemic stronger than ever. Despite the challenges faced over the past 2 years, East Boston’s key apartment supply metrics have hit record lows in the first quarter of 2022. As a result, average rent prices for East Boston apartments have already surpassed all-time highs set during the first half of 2020.

Record Low Rental Supply in Eastie

East Boston’s real-time availability rate (RTAR) is currently 3.66%. Compared to Eastie’s pre-pandemic RTAR, there are less than half of the available apartments there were in late March 2019 when the availability rate was 7.5%. East Boston’s RTAR also started 2022 at an all-time low of 1.24%, surpassing the previous low mark set in January of 2020 (1.54%).