Fenway Pads has just published an average rent price infographic together with Boston Pads, making it easier for both renters and landlords to access rental information for one of Boston’s most exciting neighborhoods. The average rent prices were calculated using data from the Boston Pads database, which contains over 156,000 Boston apartments, 500,000+ apartment images, and 8,000+ videos.
Fenway Pads sourced the average prices from 746 local Fenway apartments that either were rented in the last year or are currently available. The real time vacancy rate was calculated by combining the total number of apartments that are currently available with any units that will become available in the next few months, and dividing by the total number of apartments in Fenway. The latest population and average income data was pulled directly from the U.S. Census Bureau.
According to the latest data, Fenway is one of the most expensive places to live in Boston. Out of 22 neighborhoods sampled, rent in Fenway ranks 6th highest for 1-bedroom apartments, 7th highest for 2-bedroom apartments, and 8th highest for 3-bedroom apartments.
The average price in Fenway/Kenmore for a studio apartment is $1752. The rent of nearby Back Bay studios averages slightly lower at $1715, while the Symphony/Northeastern neighborhood has a studio apartment average of $1800/month. Compared with the average rents in Back Bay and Symphony, Fenway prices are slightly lower for 1-bedrooms, but a few hundred dollars less per month for larger spaces like 2 - and 3-bedroom apartments:
|
BEDROOMS |
FENWAY |
BACK BAY |
SYMPHONY |
|
Studio |
$1,752.55 |
$1,715.34 |
$1,800.32 |
|
1 Bedroom |
$2,324.04 |
$2,444.46 |
$2,356.91 |
|
2 Bedrooms |
$2,781.80 |
$3,196.41 |
$3,066.97 |
|
3 Bedrooms |
$3,660.73 |
$3,919.28 |
$4,163.00 |
See a detailed breakdown of average rent prices in Back Bay
See a detailed breakdown of average rent prices in Symphony
About Fenway Pads
Fenway Pads is powered by the Boston Pads database. Renters, landlords and property managers alike may access this data over the phone from a trained staff member or licensed real estate agent seven days a week. Landlords can get a close look at the rental market in any neighborhood, including current rent prices, vacancy rates, trending topics, and more. Boston Pads uses this data to help local landlords optimize rental income and reduce vacancy times.
It is this hyper-local and data-driven approach that has helped Boston Pads build its network of Greater Boston landlords to over 16,000 strong. Landlords who list with Boston Pads ensure themselves the best marketing coverage from one source. Boston Pads syndicates listings to nearly all national platforms including Zillow, Craigslist, and Trulia, plus over 80 geographically optimized real estate listing websites, and 100+ local social media pages on Facebook, Twitter, and YouTube.
By providing the most comprehensive marketing coverage and the latest data, Boston Pads has positioned itself as the real estate and information technology leader in New England. Their platform is scalable and adaptable to any market. Any agency or landlord can utilize it, gaining access to marketing and real estate tools to help stand out above their competition.
To see the average prices for more towns in the Greater Boston area, check out our latest infographic on average rent prices in Boston by town.
