Newton Apartment Rental Market Report 2022

Full post: https://bostonpads.com/blog/boston-rental-market/2022-newton-ma-apartment-rental-market-report/ The rental market in Newton, MA is experiencing historically low apartment inventory thus far in 2022. Newton apartment availability is down by -59.85% compared to pre-pandemic levels in mid-July 2019, while vacancies are down -82.79% over the same time span. Late last month, both the real-time availability rate (RTAR) and real-time vacancy rate (RTVR) in Newton hit all-time lows of 1.33% and 0.16% respectively. As a result, the average rent price for Newton apartments is up +8.52% year-over-year and sits just $21 shy of its previous all-time high set February 2020 ($2,690). Apartment Supply At Historic Lows in Newton MA The current real-time vacancy rate (RTVR) of apartments in Newton, MA is 0.21%. That ties Newton for the second lowest RTVR among Boston suburbs behind Arlington. Vacancies are down -87.57% year-over-year and have remained below the 1% mark since March of 2022. If you look at Newton’s rental data throughout COVID, you’ll notice that the RTVR only briefly crept above the 3% level while Boston’s RTVR hit an unprecedented 9.13% in September of 2020.
Location: Boston, MA

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