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I second the lack of a "North Boston." Reading and Burlington are north of Boston. There is a North Shore, but that expression's more for the towns along the coast like Marblehead, Salem, Beverly, etc. East Boston and South Boston are neighborhoods in the city of Boston.
Personally I don't know much of anything about apartment complexes. I've always stuck way closer to the city and lived in multi-family houses or small independent apartment buildings. I will say that Reading and Burlington, at least at peak time, can be a tough commute downtown by car since 93 is jammed. Reading is somewhat better since you don't lose all the time just getting to 93.
There's a train from Reading but not from Burlington. A friend in Burlington takes the train from Anderson/Woburn which has the advantages of a massive parking facility (many commuter rail stations have quite limited parking, which seems to defeat the purpose to me) and 20-30 minute ride to North Station, which I think is a little faster than the ride from Reading, which is on a different line. Maybe they're about the same. As litlux says, how much longer you add on after that depends on where you need to go (and which T lines you need to take to get there). As a side note, my friend hates 128 so he has a very circuitous route through residential streets to get to Anderson station, which I don't think is any faster than just dealing with 128 for two miles.
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