2022 South Boston Apartment Rental Market Report

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South Boston’s vacancy rate also hit an all-time low in early November of last year.  At that point, the RTVR was a paltry 0.27% in Southie.  This apartment shortage led to rent increases starting in late 2021 after a year and a half of price stagnation.

Average Rent Prices in Southie

South Boston’s average rent price is currently $2,982 for non-luxury apartments.  In late March, that figure hit an all-time high of $2,990.  The current average rent price is up 8.50% year-over-year, and South Boston ranks as the 10th most expensive neighborhood to rent an apartment in the city of Boston.

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