The cost of housing in Boston prevents most people from purchasing a home. Renting a Boston apartment provides a great deal of flexibility and less responsibility, but also leaves you at the mercy of an ever-expanding market and the worst economy since the 1930s. However, a home you own has a lot of advantages, including long-term potential for return and ownership after fifteen to thirty years.
While Boston is known for its expensive housing market, most renters choose to live in a cheap apartment instead of purchasing one. Renters are less responsible and have a consistent monthly rent, while homeowners must budget for property taxes and insurance. Boston’s affordability and limited housing stock make renting an attractive option for many residents. With a high demand for affordable cheap apartments Boston, many property firms have emerged to fill the gap.
While Boston isn’t the most expensive city in the world, it’s still much cheaper than its neighbors. The average rent in Boston is about $2700 for an apartment less than 1,000 square feet. The location, amenities, and property type are also important factors.
Location
If you are looking for a new place to live, you may want to start with a search for a cheap apartment in Boston. Renting a new apartment is not cheap, but it is essential for a new resident to have a place to stay that is both affordable and in a central location. There are many options available, and you can use these resources to find the best one. You can filter listings and search by price, size, amenities, and more to find the perfect one. Several websites let you set your search parameters and have photos of the apartments. However, you should look at them in person first to make sure they have what they claim. Some listings may be inaccurate or not listed properly. Therefore, it is important to check the information contained in the listing before you apply.
Cheap apartments in Boston are also not large and do not come with amenities such as air conditioning. This is because they are smaller and cheaper to maintain. They also tend to have fewer amenities and storage space than their more expensive counterparts. A studio or one-bedroom apartment with under 650 square feet is a good example of a cheap apartment.
Neighborhoods
When it comes to finding a place to live, you may wonder which neighborhoods are the cheapest. Some neighborhoods are located in prestigious Boston institutions, such as Harvard University, while others are less expensive but still have some of the amenities you’d expect. Fortunately, you can find cheap apartments in both areas. Below are the top neighborhoods to consider:
The Brookline neighborhood: The Brookline neighborhood is one of the cheapest and safest neighborhoods in Boston. With wide-open green spaces and a tight-knit community, residents are less likely to be victimized by crime. Compared to other neighborhoods, the cost of living in Brookline is less than half of that of Downtown Boston. It also has excellent public schools, with only a one-in-62 chance of being victimized by a crime.