2021 Newton MA Rental Market Report

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Newton has cemented its name as the best place to live in Boston. With its sparse suburban vibe and various parks, restaurants, and bars, this neighborhood has attracted many residents who commute to Boston. Consequently, the demand for rental properties has increased drastically, leading to a shortage of Newton, MA apartments.

Newton Apartment Supply Figures

The year-over-year change in apartment availability in Newton has dropped by -46.50%. Currently, the real-time availability rate of rental apartments in Newton is 1.68%. This is slightly higher than the City of Boston, where the real-time availability rate is 1.64%.

A similar pattern can be observed in Newton’s apartment vacancy rate, which is currently 1.36% in Newton after experiencing a considerable drop of -40.87% over the last 12 months. The reduction in real-time vacancy rate (RTVR) is lower than that of Boston apartments, which have recorded a YOY RTVR change of -86.42%. This indicates that Newton’s demand for rental apartments has increased, but it has not increased as much as in Boston proper. Similar trends have been noted in Somerville and Brookline.

Average Rent Price in Newton, MA

If you are considering renting an apartment in Newton, you can expect an average rent of $2,551. Newton’s average price of studio apartments is $1,672 and has seen a YOY drop of -2.56%. A similar trend is seen for Newton’s two-, three-, and four-bedroom apartments, where the YOY change in the rent prices have all been negative.

Currently, the average price of a two-bedroom apartment in Newton is $2,211, down 2.60% year over year. For three-bedroom apartments, the average rent price in Newton is $3,141, down 2% year over year. A four-bedroom apartment in Newton has an average rent price of $3,810, down 15.14% since last December.

An opposite trend is seen in Newton’s average rent prices of one- and five-bedroom apartments. If you rent a small one-bedroom apartment in Newton, you will be paying an average price of $1,923. The YOY change % in the average costs of one-bedroom apartments is +2.61%. On the other hand, the average cost of a five-bedroom apartment is $4,150 after experiencing a slight year-over-year increase of +1.38%.