new hampshire apartments / housing for rent "studio" - craigslist (2024)

FAQs

Why is NH rent so high? ›

IT IS ABOUT FUNDAMENTALLY THE QUALITY OF LIFE IN NEW HAMPSHIRE. BEN FROST WITH NEW HAMPSHIRE HOUSING SAYS THERE'S A LOT OF REASONS WHY RENT IS HIGH. BUT NUMBER ONE IS HOW MANY PLACES TO LIVE ARE AVAILABLE. THERE IS SIMPLY NOT ENOUGH HOUSING FOR PEOPLE TO RENT IN NEW HAMPSHIRE.

Average Cost of Living in New Hampshire: $56,727 per year

If New Hampshire exceeds your budget, don't bank on finding an affordable nearby state to move to. All of the states around New Hampshire — Maine, Massachusetts, Connecticut, Rhode Island, and New York — are some of the most expensive in the country to live in.

New Hampshire rentals average $800 for a studio rental to $4,342 for a 4-bedroom rental. The median price of all currently available listings is $2,350, or roughly $2 per square feet. For the apartment units and housing in June 2024, median rents have risen substantially over the last year.

In New Hampshire, there is no state law that caps how much a landlord can increase rent. Landlords must provide a 30-day written notice for rent increases if the lease is month-to-month.

If you are being evicted for not paying rent, your landlord must serve you with a Demand for Rent. The demand tells you how much rent you owe, and cannot ask for more rent than you actually owe. The demand must be served personally (handed to you) or left at your home before or at the same time as the notice to quit.

Claremont

Claremont is one of the most budget-friendly rental destinations in New Hampshire with an average home rent of $1,175. It also offers affordable housing which is 48.2% lower than the national average.

section 213(a) of the Fair Labor Standards Act. Unless otherwise provided by statute, no person, firm or corporation shall employ any employee at an hourly rate lower than that set forth in the federal minimum wage law, which is $7.25.

New Hampshire's shortage of available housing units has contributed to rapid rental and house price increases in the State since the beginning of the pandemic. Renters and potential home buyers are very likely to face serious challenges in finding suitable and affordable housing in the Granite State.

What is the cost of living in NH? ›

The average cost of living in New Hampshire

New Hampshire is home to over 1.3 million people. According to 2021 data from the Bureau of Economic Analysis, the average total personal consumption cost in New Hampshire comes to $56,727 per year.

New Hampshire is a relatively landlord-friendly state. It doesn't impose rent control laws and prevent its cities and towns from creating their own rent control laws, which allows landlords to charge what they deem appropriate for rent.

To cover all the costs discussed above, it is advisable to save an amount equal to at least 3-4 months' rent. This should cover the first month's rent, the security deposit, and the last month's rent. However, the exact amount of money you should save will depend on the apartment prices, which might vary greatly.

Hawaii ranked as the state with the highest average rent, according to doxo. In a separate 2023 doxo report, Hawaii was also determined to be the most expensive U.S. state based on the average cost of household bills.

Limits on Rent Increases

Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living – whichever is lower – over a 12-month period. If the tenants of a unit move out and new tenants move in, the landlord may establish the initial rent to charge. (Civ. Code § 1947.12.)

New Hampshire is home to over 1.3 million people. According to 2021 data from the Bureau of Economic Analysis, the average total personal consumption cost in New Hampshire comes to $56,727 per year.