Malden rent prices skyrocket and leave families homeless

An internet search for rent prices in Malden will bring up countless webpages all promising affordable prices. Gateway at Malden Center Apartments is offering studios to two bedrooms for $1890-$2885, Residence at Malden Station Apartments are offering studios to two bedrooms for $1917 to $3176, and Malden Gardens is offering one to two bedroom apartments for $1550-$2250. Why are apartments so expensive in Malden? Malden is gaining momentum and attention because of its culturally diverse restaurants, thriving art scene, strong school system and easy accessibility to Boston. Malden is also becoming increasingly popular with graduate students. Realtor Zac Engle said that students are now willing to travel to Malden to live because of its quiet and laid back city vibe. “Traditionally students lived in Allston and Brighton but they’ve become so inundated with students that students, particularly older graduate students, are seeking areas with a quieter night life, so they can concentrate on their studies. It’s on the Orange Line and becoming more popular because people are willing to travel that far now,” said Engle. Due to […]