About all I could afford in your city:
"Rents hit a record high in Hub area; Tenants scramble to find vacancies in a tight market" July 25, 2011|By Jenifer B. McKim, Globe Staff
Boston-area rents are hitting new heights - with the median price recently reaching $1,665 a month - as the vacancy rate falls to the lowest level in almost a decade, new data show.
In a region long known for its costly housing, the tight rental market has left many frustrated apartment seekers scrambling to find places they can afford before Sept. 1, the area’s traditional changeover date. Facing competition, some renters are taking properties sight unseen. Others, answering ads, find apartments already snatched up before they can get a tour....
Record-high rents in the Boston area - loosely defined as the region bounded by Interstate 495 - were reached during the second quarter of this year after recovering from the 2008 financial crisis, which deflated rents around the country, according to Reis Inc., a New York company that tracks rental data.
Boston is the fifth-most-expensive rental market in the country, behind Fairfield County in Connecticut, Westchester County in New York, San Francisco, and New York City, according to Reis....
Prices are heading up as inventory shrinks, largely because of the stalled housing market, the foreclosure crisis, and the growing graduate student population, said Barry Bluestone, dean of the School of Public Policy and Urban Affairs at Northeastern University.
In Massachusetts, the foreclosure crisis forced many homeowners into apartments, while many young people who normally would purchase homes can’t get financing or are concerned home prices will continue to slide. Sales of single-family homes in the state slowed by nearly 20 percent during the first five months of the year, according to the Warren Group, a Boston company that tracks real estate.
At the same time, Boston’s population of graduate students is growing, while few new housing units are being built....
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Maybe you should try a condo instead, kids.
