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Old 06-20-2007, 08:37 PM
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Default What is the standard broker fee in Boston?

In NYC brokers charge 15% of the year's rent. What is normal in Boston?
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Old 06-21-2007, 09:07 AM
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Usually 1 months rent for the broker fee, plus a security deposit of between 1/2 to 1 months' rent, plus last months' rent in advance, (plus the first months rent of course). you're looking at a quarter to a third of the year's rent up front in cash. if you are willing to rent apartments in surrounding cities like somerville, newton, or quincy then the security deposit will be a little lower and the broker's fee is negotiable -- usually you pay 1/2 month's rent. But if you're looking to start your lease on 9/1, then forget about it. You'll have to pay 1 month's rent no matter what b/c that's when all the college students come back to town.
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