In 2020, the annual salary needed to buy a median-priced home in the U.S. was 60,479 U.S. dollars. While rent is above average, rent inflation is among the nations lowest; the 2-bedroom FMR is $1,269. The average Fair Market Rent for a 2-bedroom home in Massachusetts is $1,893 per month. We make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. Rents have increased at an average annual rate of 64.12% since 1940. The 2-bedroom FMR increased 12.37% from 2020 to 2021. Locals call it the T". Credit Karma Mortgage, Inc. NMLS ID# 1588622|, Credit Karma Offers, Inc. NMLS ID# 1628077|, Credit Karma Credit Builder (McBurberod Financial, Inc.) NMLS 2057952 |. The FMR for a 2-bedroom apartment increased an average 8.03% among states from 2020 to 2021. So, consequently, the cost of living in Montana for food is higher than the national average. This is especially true of the downtown area and family-friendly neighborhoods. Image: A woman checks standing next to her car uses a smartphone to check her car insurance rate. The increase pays for capital and maintenance projects such as water and sewer pipes, pumps and treatment facilities. How to Raise the Rent in Massachusetts: How a Landlord Should Decide Whether and How Much. Rent price increases influence and are influenced by wage inflation, population shifts, vacancies, tax laws, supply chains, and other factors, as well as by major events, such as hurricanes and labor strikes. Throughout the 1990s, the average rent increased 4.35% Per year. Approximately 15% of Americans qualify for some level of housing assistance. Jumping 57 percent from last year, the average two-bedroom apartment around town will set you back $1,450. Jeff Takle. Rent inflation was the highest in the nation in the last year and is historically high in general; the 2-bedroom FMR is $1,885. Now the crucial question: Is life in Massachusetts within your means? 20072023 Credit Karma, LLC. For that dry-cleaning run, you'll actually be paying more in Pittsfield. Click on your region in the list below or on the map to see a more detailed break down of rental prices. One of few states that saw a rent decline from 2020 to 2021; the 2-bedroom FMR is $1.010. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. San Diego saw the sharpest increase in average rent costs in the state, with prices 20% higher than in 2021. The average renter paid a total of $348.00 more in 2021. The average renter paid a total of $276.00 more in 2021. The average renter paid a total of $2,952.00 more in 2021. With such diverse public transportation options, it's no surprise Boston has a high transit score of 80. [4] where the lease wont state the exact amount is for a tax escalator clause. Studio 1 Bath. Rent inflation is historically unstable, with the last year seeing one of the fastest inflation rates nationwide. How Often Can Rent Be Increased in Massachusetts? The 2-bedroom FMR declined 3.72% from 2020 to 2021. Learn more. The Federal Fair Housing Act prohibits discrimination due to: Massachusetts law also prevents landlords from increasing rent in retaliation. In the 1980s, Northeastern states saw the most significant rent inflation, with Connecticut (13.00%), Massachusetts (12.75%), Rhode Island (12.03%), and New Jersey (11.93%) experiencing the greatest increases. Throughout the 1990s, the average rent increased 3.52% Per year. Since 1970, the average annual rent inflation has outpaced currency inflation 1.27%. Rents have increased at an average annual rate of 75.60% since 1940. The 2-bedroom FMR increased 7.04% from 2020 to 2021. Where can you live here at the average U.S. rent price? Average Rent in Fitchburg, MA Throughout the 1990s, the average rent increased 3.39% Per year. Throughout the 1990s, the average rent increased 2.91% Per year. Throughout the 1990s, the average rent increased 5.61% Per year. The average renter paid a total of $546.00 less in 2021. Rents have increased at an average annual rate of 47.92% since 1940. Massachusetts gets its energy and electricity from a mix of renewable and non-renewable energy sources. The average renter paid a total of $708.00 more in 2021. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Pittsfield ranks a more reasonable amount above the national average: Doing a line-by-line comparison of food costs in the two cities reveals that most staple food items have fairly similar costs. 5300 S Atlantic Ave New Smyrna Beach, FL 32169. After adjusting for inflation, rents have increased at an average annual rate of 2.01%. The median rent for a one-bedroom apartment in Massachusetts was $2,300, which reflects an increase of 1.54 percent over the past three months. that means around 5% these days. During this period, urban rent increased 78.9% faster than the average rent nationwide. Rents have increased at an average annual rate of 94.68% since 1940. But interestingly, the increase in rent for one- and two-bedroom apartments was identical at 24.2%. As would be expected, office rent price showed some variation from one asset class to another. The 2-bedroom FMR increased 8.56% from 2020 to 2021. >The Cost of Living in Massachusetts in 2022. Income in America is taxed by the federal government, most state governments and many local governments. The average renter paid a total of $1,032.00 more in 2021. [1] from establishing their own rent control laws unless participation by landlords is completely voluntary. Rent inflation has been among the highest over the last 22 years; the 2-bedroom FMR is $1,960. The average renter paid a total of $396.00 more in 2021. The 2-bedroom FMR increased 6.21% from 2020 to 2021. Rents have increased at an average annual rate of 43.37% since 1940. But, they've cut taxes significantly to bring the rate down. It's the most populous city in the state and a major, influential East Coast urban center. After adjusting for inflation, rents have increased at an average annual rate of 2.91%. Theres no way to know for sure when or if rents will decrease. The average renter paid a total of $648.00 more in 2021. Massachusetts law requires that landlords give at least 30 days' notice [7] for a tenancy-at-will before increasing rent, or the amount of time equal to the frequency of rent payments (e.g. The fastest rate of increase after adjusting for inflation was in the 1950s with a 2.92% average annual change. Rents have increased at an average annual rate of 95.47% since 1940. Rents have increased at an average annual rate of 46.18% since 1940. Rents have increased at an average annual rate of 52.66% since 1940. An action by a landlord is considered retaliatory if it occurs within 6 months The cost of buying a home here is also rising. $1,223 for a 2-bedroom apartment in Rents have increased at an average annual rate of 55.18% since 1940. After adjusting for inflation, rents have increased at an average annual rate of 2.82%. Prices for consumer goods and services rose across the board as inflation reached its highest level in 40 years in June 2022. Florida saw the biggest increase in rent from 2021 to 2022 likely due to a combination of factors. The most common pre-tax contributions are for retirement accounts such as a 401(k) or 403(b). But there are two key factors that are likely to affect how much renters will continue to pay. Here's what you can expect in terms of the cost of living expenses around Massachusetts in 2022. Rents have increased at an average annual rate of 81.22% since 1940. Rent.com has 66 Condos available now. The average renter paid a total of $6,300.00 more in 2021. According to Swiss Re, of the $6.861 trillion of global direct premiums written worldwide in 2021, $2.719 trillion (39.6%) were written in the United States.. Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another . RentData.org 2023. Please call Member Support at 833-675-0553 or email legal@creditkarma.com or mail at Credit Karma, LLC, P.O. Also in the last decade, rent inflation has outpaced currency inflation by 40.7%. The median rent for studio units was $1,417, down $15 com Mar 2, 2023 RT @GeorgeRatiu: Investors are expecting inflation to remain elevated for longer, requiring the Federal Reserve to keep . Throughout the 1990s, the average rent increased 3.24% Per year. The fastest rate of increase after adjusting for inflation was in the 1950s with a 3.43% average annual change. Salpoglou said that average Boston rents. People in Massachusetts love food. Details available in ZORI methodology. This is true even of small cities located far from major metro areas. Passes similarly vary. After adjusting for inflation, rents have increased at an average annual rate of 3.26%. Surprisingly, the remaining states on this list have relatively low levels of rentals available. After adjusting for inflation, rents have increased at an average annual rate of 3.86%. The fastest rate of increase after adjusting for inflation was in the 1950s with a 4.51% average annual change. In the last year, rent inflation followed the historical trend and was slightly lower than average; the 2-bedroom FMR is $1,487. Rent values declined in ten (10) out of the last 108 years, all of them prior to 1935. Compensation may factor into how and where products appear on our platform (and in what order). While rent is above average, rent inflation is well below the national rate; the 2-bedroom FMR is $1,143. Rent inflation has been slower than the nationwide average over the last year and in the 21st century overall; the 2-bedroom FMR is $831. It's no surprise why. After adjusting for inflation, rents have increased at an average annual rate of 1.59%. A total of 19 cities, mainly in the West, saw average rent price increases over 10%, and 45 major US cities saw an average rent increase of 5% or more. But that number is extremely subjective. Or, drive over to Pittsfield and get it done for half at $23. Throughout the 1990s, the average rent increased 3.12% Per year. . The average renter paid a total of $756.00 more in 2021. But living here has plenty of other benefits like fun cities, great access to the outdoors and all those great Boston foods. The fastest rate of increase was in the 1970s when rents rose by an average 13.56% Per year. But other cities around the state are cheaper. Even for such a healthy state, it's important to still go to see your doctors at least once a year. In short, there can be no legally enforceable rent increase unless both you and your landlord agree to the increase. The 3,637 sq. Throughout the 1990s, the average rent increased 3.60% Per year. A one-way adult ticket on the subway costs $2.40 with cash or Charlie Card. The 2-bedroom FMR increased 3.96% from 2020 to 2021. The average renter paid a total of $3,708.00 more in 2021. The fastest rate of increase after adjusting for inflation was in the 1950s with a 2.80% average annual change. After adjusting for inflation, rents have increased at an average annual rate of 3.36%. Rent inflation is historically low while rent is below average; the 2-bedroom FMR is $960. Throughout the 1990s, the average rent increased 1.39% Per year. While other large cities across the country saw more modest rent growth, Boston saw sharp increases making it . From buses to subway to ferry routes, there are tons of different ways to get around Massachusetts' cities and towns. Throughout the 1990s, the average rent increased 3.93% Per year. On the commuter rail, you pay between $2.40 and $13.25 depending on how far you travel. The fastest rate of increase after adjusting for inflation was in the 1950s with a 3.24% average annual change. 3rd highest rent in the country out of 56 states and territories. Going out to a three-course meal at a nice restaurant for date night costs $82.50 compared to $69.50 in Pittsfield. 2023 RentGroup Inc. All rights reserved. Boston has the highest average rent in the state, with prices ranging from $1,742 per month for studios and $3,168 per month for homes and four-bedroom apartments. The fastest rate of increase after adjusting for inflation was in the 1950s with a 2.52% average annual change. Rent is low but the inflation rate is above average; the 2-bedroom FMR is $923. The fastest rate of increase was in the 1940s when rents rose by an average 14.38% Per year. As such, the asking rent for class A office space in Boston averaged $60.06 per square foot. After adjusting for inflation, rents have increased at an average annual rate of 3.15%. The infamous Salem witch trials. Rents have always been slow to increase; the 2-bedroom FMR is $903. Apartments in Boston rented for $3,462 on average in January. The cities with the lowest increases arent located in states that experienced the smallest rent increases, although Louisiana and Maryland are in the bottom 10. This is a 1% increase compared to the previous year. The 2-bedroom FMR increased 1.95% from 2020 to 2021. Rents have increased at an average annual rate of 75.06% since 1940. Going to get your hair cut before a sunny afternoon out in Pittsfield? The average renter paid a total of $528.00 more in 2021. The 2-bedroom FMR increased 3.11% from 2020 to 2021. Of this total . View All Property Details . However, at lease renewals, rent portions may go above that 40%. A two-bedroom rental is also down 1.5% month-over . The fastest rate of increase after adjusting for inflation was in the 1950s with a 5.16% average annual change. Massachusetts is around 6,873,003 people. The fastest rate of increase after adjusting for inflation was in the 1980s with a 3.38% average annual change. Click on a region to view more detailed rent data. The average renter paid a total of $420.00 more in 2021. Fifteen different agencies provide regional public transportation in smaller cities and towns around the state. While moving to a cheaper area may slash your rent or mortgage . The fastest rate of increase was in the 1970s when rents rose by an average 16.06% Per year. Throughout the 1990s, the average rent increased 2.40% Per year. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. Rent and rent inflation are nearly average with comparative rent inflation speeding up slightly in the 21st century; the 2-bedroom FMR is $1,307. The index is dollar-denominated by computing the mean of listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region, which is once again weighted to reflect the rental housing stock. With the nations most significant decline in rent values or rent deflation, the price of rent is on par with the national average; the 2-bedroom FMR is $1,051. [7]for atenancy-at-willbefore increasing rent, or the amount of time equal to the frequency of rent payments (e.g. Rents have increased at an average annual rate of 59.83% since 1940. Terms & Privacy | Legal Disclaimer | Sitemap | Contact Us, CNBC, Market Insider: Inflation Was Hot in July, But Rent Isnt Showing Up Yet and Could Drive Prices Higher, U.S. Bureau of Labor Statistics (BLS), Consumer Price Index, U.S. Census Bureau (Census), Historical Census of Housing: Gross Rents, Census, American Community Survey: S2502 Demographic Characteristics for Occupied Housing Units, 1-Year Estimates, Statista, Fair Market Rent Value of Two-Bedroom Apartment in the United States by State 2021, California Average Rent Increase Per Year, Connecticut Average Rent Increase Per Year, District of Columbia Average Rent Increase Per Year, Massachusetts Average Rent Increase Per Year, Mississippi Average Rent Increase Per Year, New Hampshire Average Rent Increase Per Year, New Jersey Average Rent Increase Per Year, New Mexico Average Rent Increase Per Year, North Carolina Average Rent Increase Per Year, North Dakota Average Rent Increase Per Year, Pennsylvania Average Rent Increase Per Year, Rhode Island Average Rent Increase Per Year, South Carolina Average Rent Increase Per Year, South Dakota Average Rent Increase Per Year, Washington Average Rent Increase Per Year, West Virginia Average Rent Increase Per Year, The weighted average nationwide Fair Market Rent (FMR) for a 2-bedroom apartment increased, The 2-bedroom FMRs for Massachusetts and New York each increased more than. The 2-bedroom FMR increased 12.14% from 2020 to 2021. The fastest rate of increase after adjusting for inflation was in the 1980s with a 3.88% average annual change. Use our rent calculator to see if you can live comfortably in Massachusetts based on factors like monthly pre-tax income and expenses. Alabama rents have increased at one of the fastest rates nationwide over the last 80 years; the 2-bedroom FMR is $822. Western states saw the greatest rent inflation in the 1990s, with Idaho (5.61%), Oregon (5.20%), and Washington (4.90%) experiencing the greatest rent increases of the decade after Utah and Colorado. Show more. A monthly LinkPass for the two costs $90 with unlimited travel. You'll be paying $17.92 for steak in the City on a Hill, but a more affordable $11.68 on Pittsfield. The average renter paid a total of $1,980.00 more in 2021. Rent is above average, and rent inflation is among the nations highest; the 2-bedroom FMR is $1,231. Looking for Condos for rent close to Prince Street, Boston, MA? Rent is on the low side, and so is rent inflation; the 2-bedroom FMR is $930. But, you may have more luck in smaller cities and towns. The 2-bedroom FMR increased 1.20% from 2020 to 2021. The fastest rate of increase after adjusting for inflation was in the 1950s with a 4.96% average annual change. Massachusetts ($1,409) Maryland ($1,407) Colorado ($1,388) Washington ($1,360) In the last year, New Jersey's one-bedroom rents surged the most in terms of absolute increase ($143) and. Clam chowder. The 2-bedroom FMR increased 2.85% from 2020 to 2021. Image: Two construction workers wearing harnesses stand on scaffolding while roofing a home. Throughout the 1990s, the average rent increased 4.90% Per year. Throughout the 1990s, the average rent increased 1.79% Per year. Boston's current average rent price is $2,632, which marks a 1.41% increase year-over-year. The 2-bedroom FMR increased 12.12% from 2020 to 2021. For any increase, the notice must be in writing. January 13, 2023 Considering the 30 percent rule, you'd need to make around $104,592 a year to afford Massachusetts' average rental rate of $2,615 for a one-bedroom apartment. How much do you need to earn to live in Massachusetts? Big cities like Boston have huge transit providers, and Massachusetts also has a robust regional transit system. From 1919 to 1920, rent increased at the fastest rate on record (18.42%). Three of the cities on the list are in the West, while one is in the Mid-Atlantic region and the other is in the South. The 2-bedroom FMR increased 4.05% from 2020 to 2021. Throughout the 1990s, the average rent increased 3.16% Per year. Throughout the 1990s, the average rent increased 1.77% Per year. Section 8 vouchers, and the Massachusetts Rental Voucher Program (MRVP) vouchers.Under MRVP, a fixed amount of rental assistance is paid, based on the participating family's income, household size and geography. The only exception The District of Columbia on the other hand had an average annual increase of only 0.69% and North Dakota and Louisiana had increases of 1.17% and 1.79%, respectively. In January 2023, the median list price of homes in Suffolk County, Massachusetts was $799K, trending up 6.5% year-over-year. The 2-bedroom FMR increased 6.05% from 2020 to 2021. In Alabama, CNAs make an average salary of $23,050 per year according to the U.S. Bureau of Labor Statistics, and typical job duties include assisting .Medication Aide Program Forms Form 5500-MA, Medication Aide Program Verification of Student Eligibility Form 5502-MA, Medication Aide Application for Nursing Graduates and Nursing Students . The average renter paid a total of $5,184.00 less in 2021. The fastest rate of increase was in the 1970s when rents rose by an average 19.97% Per year. Rent and rent inflation are both above average; the 2-bedroom FMR is $1,307. The fastest rate of increase after adjusting for inflation was in the 1950s with a 2.50% average annual change. The average renter paid a total of $1,404.00 more in 2021. If that wasn't enough to encourage the Boston real estate investing community to add to/build a rental property portfolio, the city's 23.56 price-to-rent ratio is currently leaning . This site may be compensated through third party advertisers. Rent and rent inflation are among the nations highest; the 2-bedroom FMR is $1,662. All the states on this list except Hawaii are in the Midwest or West. Rents have increased at an average annual rate of 42.99% since 1960 (the earliest recorded Hawaii gross rents). The fastest rate of increase after adjusting for inflation was in the 1970s with a 4.06% average annual change. Rent inflation is slower than both the nationwide average and Indianas historical average; the 2-bedroom FMR is $862. Since the median household income in the state is $84,385, showing that housing is priced out of the average person's reach. 2023, iPropertyManagement.com. Nineteen states had increases above the average, with Idaho and Maine experiencing average annual double-digit increases of more than 10% since 2017. Download the Rent. Even with higher costs above the national average, you're still paying for the best in healthcare. Average rent increase over the years From 2017 to 2022, the average year-over-year increase in rent was 5.77% nationwide, with the biggest increase occurring from 2021 to 2022 at 14.07%. After adjusting for inflation, rents have increased at an average annual rate of 1.39%. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Market Summary for Boston, MA $2,700 Median Rent 1% $20 Year-Over-Year Change 1,171 Apartments for rent Rent Ranges in Boston, MA Occupied Housing Units in Boston, MA 65% Renter-occupied Households The cost for a two-bedroom has climbed even more. If you are using a screen reader, or are having difficulty reading this website, please emailaccessibilityfeedback@rent.com. The fastest rate of increase after adjusting for inflation was in the 1950s with a 3.80% average annual change. Also, you can't beat the clam chowder and seafood. The fastest rate of increase after adjusting for inflation was in the 1940s with a 3.80% average annual change. Rent prices swelled during the first half of 2022, hitting a national average of $2,495, a double-digit increase year-over-year. So, while you save money on your car, you'll be pay more for transportation than the average American: The cost of transportation in Pittsfield and Boston is pretty close. Their service extends beyond the city of Boston to the Greater Boston metro area. This puts it up there among the most expensive places to live in the United States. Throughout the 1990s, the average rent increased 4.37% Per year. The 2-bedroom FMR increased 6.14% from 2020 to 2021. Without your agreement, a rent increase notice is simply a one-sided demand from your landlord. The average renter paid a total of $1,668.00 more in 2021. Note: Data werent available for Montana, Vermont or West Virginia, so we left them off the list. Throughout the 1990s, the average rent increased 4.15% Per year. If you increase your contributions, your paychecks will get smaller. After adjusting for inflation, rents have increased at an average annual rate of 1.46%. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. Massachusetts is not the cheapest state, and the cost of living is going up in many areas. 3rd highest rent in the country out of 56 states and territories. The average renter paid a total of $2,904.00 more in 2021. The 2-bedroom FMR increased 4.55% from 2020 to 2021. Throughout the 1990s, the average rent increased 3.33% Per year. The average rent of a one-bedroom apartment rose from $941 in January 2021 to $1,169 in June of 2022, and the average rent of a two-bedroom apartment rose from $1,078 to $1,339. Rents have increased at an average annual rate of 43.11% since 1940. ranges from The fastest rate of increase after adjusting for inflation was in the 1950s with a 4.23% average annual change. The average year-over-year rent increase from 2017 to 2022. Arkansas rents increased at an accelerated rate in the 20th century but slowed significantly in the 21st; the 2-bedroom FMR is $759. For example, if the tenant pays rent every two months, the landlord must give 60 days' notice before increasing rent. The fastest rate of increase was in the 1970s when rents rose by an average 17.69% Per year. Rents have increased at an average annual rate of 50.44% since 1940. The federal income tax system is progressive, so the rate of taxation increases as income increases. Rents have increased at an average annual rate of 48.31% since 1940. The cost for a two-bedroom has climbed even more. So, there are around 1,030,950 people in Massachusetts who could be receiving housing benefits from the HUD . Throughout the 1990s, the average rent increased 2.88% Per year. Median Rent $3,200 Month-Over-Month Change -$200 Year-Over-Year Change + $300 Available Rentals 13,147 Source: Zillow Rentals Data Price Range The price range for all bedrooms and all property types is $250 to $35,000. First published September 12th, 2019 | Updated June 2nd, 2021 by Nomer Caceres. John Tlumacki/Globe Staff. Although rents have risen in nearly every part of the country, some states were hit harder than others. Indulge in high design by checking out some of the most beautiful apartments in Dallas. CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607, Credit Karma Offers, Inc. NMLS ID# 1628077 | Licenses | NMLS Consumer Access, Top 5 states with the highest rent increase, Top 5 states with the lowest rent increase, Top 5 cities with the highest rent increase, Top 5 cities with the lowest rent increase, Rent increase by apartment type: 1 bedroom vs. 2 bedroom, Apartment List, city-level historic estimates (2017-present), Apartment List, state-level historic estimates (2017-present), Apartment List, national-level historic estimates (2017-present). [6] after something a tenant does. Amherst, Massachusetts vs Newton, Massachusetts Change Places A salary of $103,000 in Amherst, Massachusetts should increase to $196,998 in Newton, Massachusetts (assumptions include Homeowner, no Child Care, and Taxes are not considered. how to increase water level in samsung top load washer . After adjusting for inflation, rents have increased at an average annual rate of 1.79%. The 2-bedroom FMR increased 12.75% from 2020 to 2021. These various services and items fall under the category of miscellaneous goods and services. The average rent for a one-bedroom apartment is $1,250 per month, which is up 14 percent from last year. There is no data available before Hawaii becoming a state in 1959. The fastest rate of increase was in the 1980s when rents rose by an average 11.93% Per year. Buying a home in Boston has a median sale price of $780,000, which is 3.6 percent higher than last year. The most expensive change in average rental prices came from Fresno, California, increasing by a staggering 17.52%. The fastest rate of increase was in the 1970s when rents rose by an average 14.23% Per year. For decades, Lynn's location and lower cost of living have made it a magnet for new immigrants, many of whom hail from Spanish . House for Rent. The 2-bedroom FMR increased 1.80% from 2020 to 2021. 31 - 32 of 32 Properties. Rent is 4th highest in the nation while rent inflation is the 2nd highest; the 2-bedroom FMR is $1,770. Rents have increased at an average annual rate of 76.85% since 1940. It has 177 bus lines, three ferry routes and four subway lines accessing 128 stops. The average rent is $1,830 the third highest in the nation behind Hawaii and California. Renting in Massachusetts in January 2020 The 2-bedroom FMR increased 1.86% from 2020 to 2021. By Peter Shapiro, Good Landlord Consulting Services The 2021 2022 YoY increase is the highest of the last decade by 22.2%. The fastest rate of increase after adjusting for inflation was in the 1950s with a 2.44% average annual change. The fastest rate of increase was in the 1970s when rents rose by an average 14.02% Per year. After adjusting for inflation, rents have increased at an average annual rate of 2.77%. The fastest rate of increase was in the 1980s when rents rose by an average 12.75% Per year. The fastest rate of increase was in the 1970s when rents rose by an average 15.35% Per year. After adjusting for inflation, rents have increased at an average annual rate of 1.12%. Massachusetts (MA) has the