Students are finding it even more difficult to find an affordable apartment near campus in the Boston area. A high demand for rental property hurts students because landlords prefer to rent to professionals first.
A contributing factor to the tight market is the sale of condominiums as a primary residence rather than a rental unit. During the early 90's many condominiums were converted into rentals because the owner could not sell it. Today with a recovering economy and the low crime rate in Boston, families are returning to the city.
Since the end of rent control, the typical rent for most Boston renters has increased to 38% of earned income from 30%. Back Bay and Beacon Hill rents are now averaging close to $2,000 a month up from $1,550 in 1995.
Students can still find a good deal at Harbor Point. This unique waterfront property is located in downtown Boston adjacent to the University of Massachusetts. And NO FEES! One bedrooms begin at $1,065 and two bedrooms at $1,295 (rates as of 4/29/00) Call their rental office for availability and current rates at (617)825-2928.
Be careful of the following:
Do not sign anything unless it is completely filled out - especially the address of the rental unit.
Get a copy of everything that you sign.
Only a licensed broker can charge a fee - not a landlord or sales agent.
Do not pay the fee until you have signed the lease.
About the Author
DAN THE ROOMMATE MAN
www.roommateexpress.com