Rent rates in MA
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Rent rates in MA (by bet [MA]) Jun 19, 2024 7:53 AM
       Rent rates in MA (by Steve [MA]) Jun 19, 2024 8:22 AM
       Rent rates in MA (by bet [MA]) Jun 19, 2024 8:29 AM
       Rent rates in MA (by Roy [AL]) Jun 19, 2024 9:12 AM
       Rent rates in MA (by Still Learning [NH]) Jun 19, 2024 9:39 AM
       Rent rates in MA (by Roy [AL]) Jun 19, 2024 10:07 AM
       Rent rates in MA (by bet [MA]) Jun 19, 2024 1:03 PM
       Rent rates in MA (by Still Learning [NH]) Jun 19, 2024 4:32 PM
       Rent rates in MA (by Roy [AL]) Jun 19, 2024 5:30 PM
       Rent rates in MA (by Still Learning [NH]) Jun 19, 2024 9:45 PM
       Rent rates in MA (by Oregon Woodsmoke [ID]) Jun 20, 2024 9:53 AM
       Rent rates in MA (by bet [MA]) Jun 20, 2024 4:06 PM

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Rent rates in MA (by bet [MA]) Posted on: Jun 19, 2024 7:53 AM
Message:

This is my yearly lease renewal time. I would like to hear from other MA landlord what you are seeing in rent rates this year.

We are in the Fall River / New Bedford area. We are getting a very decent response to our ads, I am wondering if we are priced too low.

This is what I think I am seeing:

One bedroom/ studio 1000-1200

Two Bedroom 1200-1400

Three bedroom 1500-1800

Most of my current tenants are paying on the low side of these rates

Does that look accurate to you? --68.66.xxx.x




Rent rates in MA (by Steve [MA]) Posted on: Jun 19, 2024 8:22 AM
Message:

Bet, as you know, I'm a bit north of Boston. I'm getting $2,000.00 - $2,400.00 for a decent size 1 bedroom & $2,600.00 - $3,000.00 for a 2 bedroom. I have a 3 + bedroom that I'll be renting in the fall & expect to get at least $3,600.00 for it. In all of my units the tenants pay their own utilities. --96.233.xxx.xx




Rent rates in MA (by bet [MA]) Posted on: Jun 19, 2024 8:29 AM
Message:

Wow Steve, that is nuts. That is why they are all moving south, lol. "The phone ringing off the hook" here at 1100 for a one bedroom, but as soon as the train gets here, watch out lol --68.66.xxx.x




Rent rates in MA (by Roy [AL]) Posted on: Jun 19, 2024 9:12 AM
Message:

Steve and Bet,

Are you all talking apartment rents or SFH rents? Or does it really matter? $2,000-$2,400 for a 1 bedroom what? Down here those rents would be for 3/2 SFH house in a Class A neighborhood. --71.207.xxx.xx




Rent rates in MA (by Still Learning [NH]) Posted on: Jun 19, 2024 9:39 AM
Message:

Roy, Iím north of Steve over the border in NH and my multi family 1BR are $1500/1600 and my 2 BR are all low at the moment at $1700 (should be $1900 minimum). I offer clean, responsive landlord but not a granite countertop luxury unit. You could add $500-800 onto my rents for the luxury apartments. --73.159.xxx.xx




Rent rates in MA (by Roy [AL]) Posted on: Jun 19, 2024 10:07 AM
Message:

Still Learning,

Does it require two incomes for most tenants in NH to be able to afford those market rents for a 1 bedroom apartment? Also, where do all of the minimum wage tenants in NH live?

Down here, minimum wage tenants live in 2/1 houses or apartments located in Class D neighborhoods. Rents are in $400-$600/month range. --71.207.xxx.xx




Rent rates in MA (by bet [MA]) Posted on: Jun 19, 2024 1:03 PM
Message:

Roy we are talking Apartments. --68.66.xxx.x




Rent rates in MA (by Still Learning [NH]) Posted on: Jun 19, 2024 4:32 PM
Message:

Roy for 1 BR I have 5 single people that earn enough, 2 couples and 1 couple that now has a toddler. The rents have been skyrocketing and itís still a low vacancy rate up here so nobody is moving. I have 3 that have been there a while so are at $1350-1450. I have mostly couples and one single person that stayed on after the partner split in my 2 BR at the moment but it is usually a mix of couples and families. To find lower rents, you have to move a little more rural and away from the coastal towns/cities. Things wonít change here until more housing stock is built and yes there is weekly talk about needing workforce housing. Our local town facebook page somebody was complaining about customer service going down at the local grocery store and that the cashiers only speak Spanish to each other. The response was nobody here wants to work and they canít afford to live here so the store is bussing people up from Boston. We bought our house 32 years ago because it was several hundred thousand dollars less to buy a house here than in MA. My husband could commute an hour or less to Boston MA, Portland ME, Manchester NH or Concord NH for work and it allowed me to stay home with our kids. Although rents are high here, they are less compared to Boston and now so many work from home and donít even have to commute. --73.159.xxx.xx




Rent rates in MA (by Roy [AL]) Posted on: Jun 19, 2024 5:30 PM
Message:

Still Learning - Let me get this straight. You rent out a 1 bedroom apartment to 4 adults and a toddler? Total of 5 people here. Where does everyone sleep? And who sleeps with who? --71.207.xxx.xx




Rent rates in MA (by Still Learning [NH]) Posted on: Jun 19, 2024 9:45 PM
Message:

No, 1 couple with a toddler and the rest are either single people or couples. --73.159.xxx.xx




Rent rates in MA (by Oregon Woodsmoke [ID]) Posted on: Jun 20, 2024 9:53 AM
Message:

Bet, the number of responses are not so important. What matters is how many qualified applicants you get. If the town is chock full of evictees, you will get a ton of responses no matter what the rent is. My opinion is that you can not set rent based upon the number of responses you get.

I look at what everyone else is charging and I think, if I wanted to rent something, which one is the best I can do for my money. If mine is far better than anything else at that price, I can raise what I am asking. If my place is not as good as the others, then I need to lower the rent so I am competing with properties of the same quality. --76.178.xxx.xxx




Rent rates in MA (by bet [MA]) Posted on: Jun 20, 2024 4:06 PM
Message:

Oregon. yes good response. I am thinking the same now. " My opinion is that you can not set rent based upon the number of responses you get." --68.66.xxx.x



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