By: Demetrios Salpoglou
Are you looking to find a luxury apartment in Boston? You’re not alone.
Massachusetts is leading the Northeast in population growth. Since the 2010 census, Suffolk County’s population has grown by 8.6 percent. Boston, part of Suffolk County, has an extremely competitive rental market.
But finding an apartment doesn’t have to be a headache. By being strategic in your search, you can find the luxury accommodations you desire.
There are many different strategies you should use when looking for apartments in Boston. One of the best things you can do, however, is to start your search at the right time. Timing is everything – especially when it comes to finding your perfect apartment.
It’s easy to look at luxury apartments for rent in Boston all year long. Read on to find out what the ideal time is to find your dream home.
Let’s Talk About Boston
It’s no secret that Boston is a great city. But there’s more to the city than famous attractions like Fenway Park, Harvard Square, and Freedom Trail.
Apartment hunters should be aware that Boston is home to 35 universities, colleges, and community colleges. In total, there are over 200,000 students that attend these institutions every year.
The college culture is an integral part of Boston’s community. While there’s no denying that the impact higher learning has had on Boston, it’s also created an increased burden on rental units.
Roughly sixty percent of Boston’s population lives in rental units. From 2006-2013, the rental population grew by 23 percent while the number of rental units grew by only 15 percent.
The population growth and large college demographic has made apartment hunting a burden for locals. Quite simply, the demand for rental units is exceeding the supply.
The Best Time of Year to Search
Apartment hunting in Boston might seem intimidating. But there are still plenty of luxury apartments for rent in the area. You just need to know when to search.
Boston’s busy moving season aligns with the college calendar. The busiest times to look for apartments is between May and September. This is an ideal apartment searching time because the weather is better than in the wintertime.
The summer is when many luxury apartments become available for rent. The summer season is marked by large turnover numbers leading up to September 1st, meaning there are more vacancies and listings for you to search.
Though September is an ideal time to move, there are a few downsides to conducting your search much earlier in the year. You may run into higher moving rates and a surge in competition during the peak season.
To avoid this, try to conduct your search as early as possible. Many students and young professionals will move in September. This is a great time to search for deals and avoid price hikes.
Many apartment hunters don’t have the luxury to wait until the middle of the summer to make their move. You can still find great luxury apartments for rent in the winter.
The winter is a less coveted time for movers thanks to the blistering cold weather. However, the lack of movers can also open up some great rental deals around December and January. Don’t let the cold scare you away. You might just find the deal you desire in the winter.
Don’t let the cold scare you away. You might just find the deal you desire in the winter.
The Best Time of Month to Search
You know what time of year to search for luxury apartments for rent. Now what?
You need to start your search. The best time to look for apartments is severalmonths before your move. You should start conducting your search based on what real estate agents point out are the lease renewal notification dates in your specific area of interest. The lead time to find apartments can vary by as much as one year! You can have first dibs on a luxury apartment by starting your search early.
What to Avoid
Most Boston residents know that there are a few key dates to avoid when looking for an apartment.
June 1 and September 1 are notorious for being the busiest moving days of the year in Boston. Many of the city’s rental units run on the school year’s calendar, which runs from September through the end of May.
As a result, hoards of students move into their new apartments in the beginning of September and out of their apartments at the start of June. Renters can expect huge surges in moving costs, massive crowds, and even shortages on moving trucks during these dates.
Summer movers should do everything they can to avoid moving on either of these days. You should try to push your move at least one week away from these dates.
Your Luxury Apartments for Rent
Looking for a luxury apartment in Boston doesn’t have to be a burden. You just need to be prepared.
Avoid surge times and start your searches early. By choosing the right time to move, you’ll be well on your way to finding the apartment of your dreams.
Are you looking for luxury apartments for rent in Boston? We can help. You start by searching for luxury apartments here, or head over to our affiliate site dedicated to Boston Luxury Apartments. There you can check out a comprehensive list of luxury buildings in Boston.
Boston Pads is the best real estate information portal to search for luxury apartments. Our network of local agents can help you strategize for your move and help you find the right apartment for you. Contact one of our agents today.