The rental market in Burlington, VT is very competitive. With a population of over 42,000, there is a large demand for apartments, houses, and other rental properties. The city is home to several major universities, such as the University of Vermont, Champlain College, and St. Michael’s College. These schools attract students from around the world, providing a constant influx of renters.
In terms of neighborhoods, the most popular areas are the Old North End and the South End. Both are within walking distance to the downtown area and have plenty of amenities. The Old North End is slightly more affordable, while the South End tends to have higher prices.
The average rent in Burlington is around $1,500 per month, depending on the size of the rental. Generally, the closer a rental is to the downtown area, the higher the rent. Additionally, the higher the quality of the rental, the higher the rent.
Burlington is a relatively safe city, with a low crime rate. Most neighborhoods are safe, and the downtown area is well-patrolled by police. However, as with anywhere, it’s always important to be aware of your surroundings.
Overall, the rental market in Burlington
The average rental prices for apartments, townhouses, condos, lofts and single family homes in Burlington, VT are as follows:
- Apartments: $1,556/month
- Townhouses: $1,769/month
- Condos: $1,619/month
- Lofts: $1,711/month
- Single Family Homes: $2,114/month
In Burlington, VT, rental prices have seen a gradual but steady increase over the past five years. According to Zillow, the median rent price in Burlington in 2016 was $1,429, while in 2021 it is $1,700. This is an increase of 18.9%.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Burlington, VT are as follows:
1-Bedroom: $1,500
2-Bedroom: $1,695
3-Bedroom: $1,995
Burlington, VT has a higher than average percentage of students attending public school, with 87% of students enrolled in the Burlington School District. The district also boasts higher than average test scores and graduation rates. This is in comparison to the national average of 81% of students attending public school, and a national average of 82% for graduation rates. Additionally, Burlington schools are well-funded, with the district spending an average of $20,000 per student, compared to the national average of $12,000 per student.
1. Downtown Burlington
2. Old North End
3. South End
4. New North End
5. North Avenue/University District
1. Hill Section
2. South End
3. North End
4. New North End
5. Old North End