Quincy Apartment Rental Market Report 2022

Quincy’s apartment rental market proved to be an outlier throughout the pandemic. When apartment vacancies soared to over 9% in the city of Boston during COVID, the real-time vacancy rate (RTVR) never surpassed 3% in Quincy. Despite the relative stability and low inventory, rent prices for Quincy apartments did drop by 5% last year, and they still remain well below previous all-time highs.
Quincy Apartment Supply Metrics Remain Strong

Quincy’s current real-time availability rate (RTAR) is 1.29%. Interestingly, the current RTAR is nearly identical to its pre-pandemic level in mid-June 2019, when the availability rate sat at 1.28%. A look at Quincy’s historical rental market trends illustrates that low apartment availability is the norm in Quincy, MA.