Average rents dip 0.7% in Manchester

Apartment List analysis details decline between April and May

June 7, 2023

Jeff Feingold,

For the first time in many months, average rents in Manchester fell in May, dropping 0.7 percent from April, according to a report from the website Apartment List.

But for New Hampshire as a whole, rents remain on the rise, climbing an average of 4.4 percent from April, according to the report.

Year-over-year rent growth in Manchester now stands at 1.1 percent, a far cry from the 16 percent jump recorded last Maye Nevertheless, since the start of the Covid-19 pandemic in March 2020, rents in the city have surged 39.5 percent.

That 39.5 percent three-year increase in rents is the eight-largest among U.S. cities, according to another recent report released by the moving company matching service Moving Feedback.

According to Apartment List, the median rent in Manchester in May was $1,334 for a one-bedroom apartment and $1,780 for a two-bedroom apartment.

Nationally, Apartment List rents have risen 1.9 percent for the year.

Categories: News, Real Estate & Construction

More news from NHBR:

NH trade mission to Canada seen as having positive results

Gov. Kelly Ayotte led the visit, which included a selection of policymakers as well as businesspeople representing a wide array of enterprises.

Jim Loomis, Bottomline Technologies co-founder, dies at 75

James “Jim” Loomis, co-founder of Portsmouth-based Bottomline Technologies, passed away on Sept. 6 in his hometown of Dover after a period of declining health. He was 75. After its creation in 1989 with business partner Daniel McGurl, Bottomline became a worldwide leader in automated business payments and cash management.

Stand Alone Exterior Solar Panel System Installation, Renewable Green Energy Generation Concept.

Keene Housing expands solar energy efforts with new installations in Monadnock Region

The nonprofit and ReVision Energy expand renewable energy portfolio with new solar panels across five properties in the Monadnock Region

Shannon Rogersheadshot2 Emilylordphoto 33

Note from the field: The outdoor economy is everyone’s economy

New Hampshire’s $4B outdoor economy supports 32,000 jobs and ranks 8th in the nation.

I-95 median barrier: $4.6M project approved after NH highway deaths

A nearly $4.6 million contract has been awarded for the construction of a five-mile median barrier on Interstate 95 in New Hampshire with the goal to prevent highway deaths.

Several Real Estate Signs During Spring.

NH residential real estate: ‘Still very much a seller’s market’

While home prices might be moderating in other parts of the country, the median price of a single-family house in New Hampshire rose to $550,000 in August, the second highest price point this current year. That price is just $3,000 more than the $547,000 recorded in July, but it is $47,500 more than January’s $502,500. The highest median price in 2025 was $569,450, recorded in June and the most ever recorded in the state.

Paid, on-the-job training and education creates career path to address workforce shortages

ApprenticeshipNH has partnered with Associated Builders and Contractors of New Hampshire/Vermont and Elm Grove Companies to launch New Hampshire’s first registered apprenticeship program (RAP) for maintenance technicians

Saint Anselm College dedicates $35 million nursing school building

Meet Samii, the mannequin who is bedridden in the AI Simulation Lab, one of the drawing cards to the new $32 million home of the Jean School of Nursing and Health Sciences at Saint Anselm College.

Think tank: Headwinds developing for NH economy

The unstoppable New Hampshire economy of the post-COVID years is running into economic headwinds of higher unemployment and inflation, a nonpartisan economic research firm said in late August. No definitive evidence points to a recession, the New Hampshire Fiscal Policy Institute said in an economic issues brief.