2022 Beacon Hill Apartment Rental Market Report

Beacon Hill’s apartment rental market has entered 2022 looking much healthier than it did a year ago. Due in large part to remote work and remote learning trends, the availability rate of Beacon Hill apartments hovered between 10-13% for nearly 6 months in 2021. Once pandemic restrictions eased, campuses and offices reopened. This resulted in Beacon Hill’s real-time availability rate (RTAR) to free fall to 0.98% by mid-November. Now, the rental supply in Beacon Hill is as tight as it has ever been.

Beacon Hill Apartment Availability

The most recent rental data in Beacon Hill shows that the RTAR is currently 4.56%. Compared to its pre-pandemic level in early April of 2019, apartment availability is -19.72% lower in 2022. The current RTAR ranks as the lowest on record for Beacon Hill during the second week of April. That is astonishing considering that last April the availability rate in Beacon Hill hit an unprecedented 12.81% before peaking at 13.67% by late May of 2021.