Malden Apartment Rental Market Report 2022

As rent prices are soaring to record levels all over the metro Boston region, Malden’s apartment rental market is looking stronger than ever. Both real-time vacancy rate (RTVR) and real-time availability rate (RTAR) in Malden MA have both reached record lows in the past 12 months. Because of the tight supply, average rent prices for Malden apartments have never been higher. Let’s take a look at the main trends driving the apartment rental market in Malden MA.
Record-Low Apartment Supply in Malden

The current apartment vacancy rate (RTVR) in Malden is 0.79%. That figure is down -72.76% from mid-August last year when the market was still recovering from COVID. In late July, Malden’s RTVR hit 0.55% which marked a record low. This has been the prevailing trend in Boston over the past few months.