2022 Brookline Apartment Rental Market Report

The apartment rental market in Brookline has come roaring back in 2022. After recording all-time highs in vacancies and apartment availability during the pandemic, Brookline absorbed the supply glut at a record pace in the latter half of 2021. Now three months into 2022, the vacancy rate for Brookline apartments (0.50%) has surpassed its all-time low of 0.61% set before the pandemic in late August 2019.

Brookline Apartment Supply Numbers

Brookline’s real-time vacancy rate (RTVR) typically hits its cyclical low in late August as it does in most of Boston’s neighborhoods. The current RTVR of 0.50% is unusually low for early April, especially considering that the vacancy rate hit a record high in September of 2020 when it soared to an unprecedented 9.01%. With five months left until late August, look for Brookline’s RTVR to continue to push to new all-time lows.