Charlestown Apartment Rental Market Report 2022

The apartment rental market in Charlestown, MA has undergone some changes over the past two years. Charlestown did not experience the same apartment supply disruption as most of the neighborhoods in Boston during the pandemic. While Boston’s real-time availability rate (RTAR) peaked at 13% last year, Charlestown’s RTAR recorded a much lower yearly high of 6.42%. Now, both RTAR and real-time vacancy rate (RTVR) are below the historical averages for May, and the RTVR currently sits at an all-time low of 0.44%.

Despite the relatively stable rental supply, rent prices for Charlestown apartments have dropped by a larger margin than most neighborhoods in Boston. This may present an opportunity for renters in 2022.