Rents remain on the rise in Manchester

Report finds average rent jumped 3.3 percent in March

March 8, 2023

Jeff Feingold,

Average rents in Manchester continue to rise significantly, according to a new report from Apartment List.

The online rental marketplace reported that in February rents in the Queen City rose 3.3 percent compared to February 2022 – far higher than the average 0.3 percent recorded nationally. Median rents in the city currently stand at $1,306 for a one-bedroom apartment and $1,742 for a two-bedroom.

Year-over-year, rents have increased by 6.7 percent in Manchester. In February of last year, they were down, albeit slightly, by 0.1 percent.

Since the start of the pandemic in March 2020, rents in Manchester have risen by 36.8 percent.

The report noted that rents typically rise at this time of the year, and based on historical seasonal patterns prices are expected to continue to rise for several more months. But market conditions could prevent runaway rent inflation as exhibited in 2021 and 2022.

Categories: News, Real Estate & Construction

More news from NHBR:

Elements of ownership

Employee co-op takes over Wilton publisher Earth Sky + Water as founder retires

Pease Tradeport continues as NH economic engine

New report cites Tradeport’s ‘uniquely important role in New Hampshire’s economic architecture’ as executive director looks toward ‘retooling’ for life science users

Granite Staters wary about the high cost of living

Because of tariffs, the war with Iran, and other White House policies, New Hampshire families have had to spend an additional $4,800 or more on goods and services, according to U.S. Sen. Maggie Hassan, D-NH.

Market shift or seasonal shift?

Summer selling season ends with better news for buyers in NH’s residential real estate market

Durham technology park in line for major expansion

R.J. Kelly’s proposed enhancements to its Technology Drive campus in Durham could increase the overall total space to about 850,000 square feet and provide up to 1,500 jobs

NH’s rankings reflect the good and the bad

There are any number of reports, surveys, and rankings that show how well — or how poorly — New Hampshire is doing on a range of issues. Everything from education funding to safety to having a baby to business opportunities to student loan delinquency — it seems everything can be measured in one form or another, often as a yardstick against other states.