Proximity to an MBTA stop is often a priority for a Boston apartment search. A new study from RentHop shows that locals don’t need to sacrifice financially for that convenience — renters can save hundreds just by moving one stop down the line.
RentHop mapped out the median rents by each T station and found increases in costs at 74 stops across all train lines and decreases at 39. Eight saw no change. To calculate the median rent, the company used data from one-bedroom apartments listed on its site from January to April in 2018 and 2019. They looked at least 50 listings per stop. The report says the median rent for a one-bedroom apartment in Boston went up 4.5 percent.
According to the findings, renters can save up to $800 by simply staying on the train one more stop. On the Red Line, the rent is $800 higher near Park Street than it is by the Charles/MGH stop. On the Green Line in Cambridge, you’d save $563 living near Central instead of Kendall/MIT.
Here’s where you’ll save the most:
Park Street experienced the biggest rent hike, an 8.2 percent increase driven mostly by a new high-end apartment building at 660 Washington St., a quarter mile from the stop, according to the report.
The median rent at Back Bay went down 6.3 percent when more units below $3,000 a month became available at 130 Dartmouth St., according to the report.
These stops saw the biggest hikes in the median rent:
These stops saw the steepest declines: