Inventory is Low, But Many Boston Apartments Are Still Available!

September 1 is quickly approaching and many renters are still searching for a Boston apartment in an extremely tight market. The real- time vacancy rate (RTVR) is now at 0.25% for the city of Boston and the real- time availability rate is 0.84%. Real estate agents all over the city are running out of properties to show, if they haven’t already. Low Inventory Syndrome (LIS) is affecting renters’ ability to find their next home. LIS is also affecting some real estate agents’ livelihoods.

Thankfully, Boston Pads partner offices have access to the largest real- time rental database in the region and still have plenty of listings to show- although it is considerably less than previous years. This is primarily due to housing supply not being able to keep up with demand. Currently, there are 746 non- luxury listings available. This time last year, there were 2,613 available listings. Even in 2019, when we had an extremely competitive rental market pre- pandemic, there were 1,854 available at the beginning of the day on August 26.

If you’re still looking for the right place to move into September 1, you should definitely make a decision quickly- but rest assured, we can help. Here are some of the metro Boston apartments for rent that are still available.