Apartments in Cherry Hill Estates Newburyport

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$2,500
11-13 Ashland Ct Newburyport, MA
1 BR | Jun. 1, 2024
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Newburyport:
April Rent Report

Welcome to the April 2024 Newburyport Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Newburyport rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Newburyport and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Newburyport average rent prices in the chart below.

Monthly Rent Report

$6,100
$4,580
$3,050
$1,530
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Newburyport Rent Prices Decrease From March to April

Newburyport rent prices decreased over the last month. From March to April, the city experienced a -1.26% decrease for the price of a one-bedroom apartment. The rent price for a Newburyport one-bedroom apartments currently stands at $1,099.0.

When we take a look at the two-bedroom comparison from March to April, Newburyport experienced a 31.0% increase for the price of a two-bedroom apartment. The rent price for a Newburyport two-bedroom apartments currently stands at $4,365.0.

April Prices: Newburyport vs. Surrounding Areas

Rent Prices in Newburyport and Surrounding Areas

Rent prices have decreased in Newburyport over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Newburyport suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Newburyport suburbs

  • Rents did not decrease in any of the Newburyport suburbs.

April 2024 Pricing Trends: Newburyport vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Newburyport Rent Prices More Affordable Than Major Cities

Rent growth in Newburyport over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Newburyport average rent prices appear to be relatively affordable for local residents.

The price for a Newburyport one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Newburyport and surrounding area rent prices, take a look at the complete data set below.

Data set for Newburyport and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.