Average Rent in 02114, Boston, MA

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Current Versus Historical 02114, Boston, MA Rents

02114 rentals average $2,695 for a studio rental to $5,730 for a 3-bedroom rental. The median price of all currently available listings is $3,675, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $239 (10.59%) year-over-year from $2,258 to $2,498. 1-bedroom rentals prices have increased by $634 (21.99%) year-over-year from $2,883 to $3,518. 2-bedroom rentals prices have decreased by $83 (-2.16%) year-over-year from $3,858 to $3,775. 3-bedroom rentals prices have increased by $421 (9.81%) year-over-year from $4,292 to $4,713. 4-bedroom rentals prices have decreased by $825 (-12.50%) year-over-year from $6,600 to $5,775. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.28% this month. 1-bedroom rents have gone up by 10.32% this month. 2-bedroom rents have gone down by 1.52% this month. 3-bedroom rents have gone up by 2.45% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.87 $2,498 $2,258 (10.59%) $2,223 (12.37%)
1 BR $4.36 $3,518 $2,883 (21.99%) $2,648 (32.85%)
2 BR $4.07 $3,775 $3,858 (-2.16%) $3,193 (18.23%)
3 BR $3.58 $4,713 $4,292 (9.81%) $3,835 (22.88%)

Historical Rents in 02114, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02114

There are a total of 11 cities nearby 02114. The average rent in 02114 is currently $3,400 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Lynn, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near 02114, Boston, MA is Brookline, MA. Monthly rents here are on average $4,098 per month.

Let's compare 02114, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02114, Boston, MA is 34.14% more expensive than other cities nearby. One bedrooms are about 23.70% more expensive. Two bedrooms in 02114, Boston, MA are about 24.53% more expensive. Finally, rent for three bedrooms are about 35.43% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near 02114, Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,200 $2,700 $2,517
Quincy, MA $1,648 $2,330 $2,550 $2,518
Waltham, MA $100 $2,600 $3,000 $2,900
Watertown Town, MA $2,790 $2,725 $3,200 $3,125
Medford, MA N/A $2,548 $2,800 $3,400
Cambridge, MA $2,838 $3,023 $3,755 $3,552
Boston, MA $2,780 $3,400 $3,998 $3,660
Somerville, MA $2,125 $2,800 $3,700 $3,900
Newton, MA $1,775 $2,450 $3,200 $4,000
Brookline, MA $2,048 $2,950 $3,650 $4,098

Top Neighborhoods Near 02114

There are a total of 20 neighborhoods in or near 02114. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and Beacon Hill. We've included all of these top 20 neighborhoods in or near 02114, Boston, MA in the following chart.

The average rent for these 20 neighborhoods in or near 02114, Boston, MA is currently around $3,754 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $3,754. Interestingly, the neighborhoods' average rent is higher than 02114's average rent, which is only $3,675. Out of all the neighborhoods in or near 02114, North Cambridge has the most affordable average rent at $3,176 per month. Whereas, at $4,500 average rent per month, Mission Hill is the most expensive neighborhood in or near 02114. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,953 $3,547 $3,176
Central Maverick Square - Paris Street, Boston, MA $2,455 $2,945 $3,348 $3,225
Beacon Hill, Boston, MA $2,100 $3,600 $4,100 $3,500
North End, Boston, MA $2,400 $3,165 $4,675 $3,500
Uphams Corner - Jones Hill, Boston, MA N/A $2,175 $2,800 $3,525
St. Elizabeth's, Boston, MA $2,275 $2,450 $3,700 $3,600
East Cambridge, Cambridge, MA $3,000 $3,350 $4,427 $3,640
Columbia Point, Boston, MA $150 $2,641 $2,800 $3,645
South End, Boston, MA $2,974 $3,400 $4,719 $3,648
Commonwealth, Boston, MA $1,825 $2,350 $3,000 $3,700
North Allston, Boston, MA $3,143 $3,500 $4,721 $3,808
Downtown Boston, Boston, MA $2,835 $3,415 $4,500 $3,825
Coolidge Corner, Brookline, MA $2,048 $2,950 $3,500 $3,850
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,525 $3,891 $4,566 $3,975
Kendall Square, Cambridge, MA $3,245 $3,999 $4,658 $4,035
Chinatown - Leather District, Boston, MA $3,304 $3,750 $5,600 $4,055
D Street - West Broadway, Boston, MA $3,245 $3,800 $4,750 $4,163
Lower Roxbury, Boston, MA $2,250 $2,885 $4,100 $4,250
Back Bay, Boston, MA $2,500 $3,668 $5,800 $4,488
Mission Hill, Boston, MA N/A $2,800 $3,225 $4,500

Top Counties Near 02114

There are a total of 20 counties located by 02114, Boston, MA. Some of these counties include Chelsea, MA, Quincy, MA, and Waltham, MA. The average rent for rentals in these counties is $3,400. That's roughly around $3 per sqft. A total of 8 counties have a lower average rent. The county that is the most affordable is Lynn, MA. It's average rent per month is $2,400. Vice versa, with an average rent of $4,098, Brookline, MA is the most expensive county by 02114, Boston, MA.

Typically, rent for studios in 02114, Boston, MA is 34.14% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02114, Boston, MA is 23.70% more expensive than other counties nearby. Finally, rent for two bedrooms in 02114, Boston, MA is 24.53% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,200 $2,700 $2,517
Quincy, MA $1,648 $2,330 $2,550 $2,518
Waltham, MA $100 $2,600 $3,000 $2,900
Watertown Town, MA $2,790 $2,725 $3,200 $3,125
Medford, MA N/A $2,548 $2,800 $3,400
Cambridge, MA $2,838 $3,023 $3,755 $3,552
Boston, MA $2,780 $3,400 $3,998 $3,660
Somerville, MA $2,125 $2,800 $3,700 $3,900
Newton, MA $1,775 $2,450 $3,200 $4,000
Brookline, MA $2,048 $2,950 $3,650 $4,098

Top Zipcodes Near 02114

There are a total of 31 zipcodes in or near 02114, Boston, MA. The average rent for all of these zipcodes is $3,533. A total of 18 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,517 per month. In comparison, the zipcode with the most expensive average rent of $4,650 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,433. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 02114, Boston, MA is $2,803 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,582 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02114, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02210, Boston, MA $3,245 $3,805 $5,025 $4,104
02127, Boston, MA $2,780 $3,150 $3,750 $4,200
02118, Boston, MA $2,974 $3,395 $4,629 $3,735
02215, Boston, MA $2,375 $3,891 $4,500 $3,850
02116, Boston, MA $2,868 $3,583 $5,498 $4,029
02135, Boston, MA $2,500 $3,094 $3,200 $3,475
02142, Cambridge, MA $3,093 $3,705 $4,494 $4,005
02138, Cambridge, MA $2,515 $2,751 $3,582 $3,330
02128, Boston, MA $2,500 $2,798 $3,300 $3,295
02140, Cambridge, MA $2,410 $2,950 $3,600 $3,365

Frequently Asked Questions - 02114 Average Rents

What is the average rent price in 02114, Boston, MA?
The average monthly rental price for 02114, Boston, MA apartments for rent is approximately $3,675. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02114, Boston, MA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 02114, Boston, MA.
How much is a studio apartment in 02114, Boston, MA?
The average monthly rental price for studio apartments is $2,695 and an average price per square feet of $4.87. There are a total of 43 studio apartment listings currently available for rent in 02114.
How much is a one bedroom apartment in 02114, Boston, MA?
The average monthly rental price for one bedroom apartments is $3,408 and an average price per square feet of $4.36. There are a total of 106 one bedroom apartment listings currently available for rent in 02114.
How much is a two bedroom apartment in 02114, Boston, MA?
The average monthly rental price for two bedroom apartments is $4,240 and an average price per square feet of $4.07. There are a total of 71 two bedroom apartment listings currently available for rent in 02114.
How have rent prices in 02114, Boston, MA changed this year?
Rent prices for rentals in 02114, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in 02114, Boston, MA?
A reasonable rent price in 02114, Boston, MA is around $2,940/month. You can search for these reasonably priced rental listings on RentHop.
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