Average Rent in 02116, Boston, MA

Home » MA » Boston » 02116

Current Versus Historical 02116, Boston, MA Rents

02116 rentals average $2,843 for a studio rental to $13,950 for a 4-bedroom rental. The median price of all currently available listings is $4,002, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $471 (21.12%) year-over-year from $2,229 to $2,700. 1-bedroom rentals prices have decreased by $108 (-3.27%) year-over-year from $3,308 to $3,200. 2-bedroom rentals prices have increased by $512 (10.35%) year-over-year from $4,943 to $5,455. 3-bedroom rentals prices have increased by $1,098 (18.25%) year-over-year from $6,017 to $7,115. 4-bedroom rentals prices have decreased by $8,775 (-53.92%) year-over-year from $16,275 to $7,500. 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 down by 1.82% this month. 1-bedroom rents have gone down by 3.03% this month. 2-bedroom rents have gone up by 3.54% this month. 3-bedroom rents have gone up by 10.22% this month. 4-bedroom rents have gone down by 28.01% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$6.00	$2,700	$2,229 (21.12%)	$2,367 (14.08%)
1 BR	$5.01	$3,200	$3,308 (-3.27%)	$2,532 (26.40%)
2 BR	$4.96	$5,455	$4,943 (10.35%)	$3,646 (49.62%)
3 BR	$4.98	$7,115	$6,017 (18.25%)	$4,533 (56.95%)
4+ BR	$5.65	$7,500	$16,275 (-53.92%)	$6,153 (21.89%)

Historical Rents in 02116, Boston, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02116

There are a total of 10 cities nearby 02116. The average rent in 02116 is currently $3,517 per month. A total of 10 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 02116, Boston, MA is Brookline, MA. Monthly rents here are on average $4,000 per month.

Let's compare 02116, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02116, Boston, MA is 38.87% more expensive than other cities nearby. One bedrooms are about 28.61% more expensive. Two bedrooms in 02116, Boston, MA are about 43.64% more expensive. Finally, rent for three bedrooms are about 50.08% more expensive. Want more information? Check out the top 10 cities near 02116, Boston, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,700	$2,400	$2,550	$2,400
Chelsea, MA	$1,550	$2,200	$2,800	$2,509
Quincy, MA	$1,648	$2,225	$2,600	$2,600
Waltham, MA	$725	$2,437	$3,000	$2,850
Medford, MA	N/A	$2,548	$2,800	$3,500
Cambridge, MA	$2,838	$3,005	$3,789	$3,534
Boston, MA	$2,745	$3,400	$3,984	$3,636
Somerville, MA	$2,125	$2,775	$3,700	$3,900
Brookline, MA	$2,020	$2,950	$3,700	$4,000
Newton, MA	$1,775	$2,500	$3,200	$4,000

Top Neighborhoods Near 02116

There are a total of 19 neighborhoods in or near 02116. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and Beacon Hill. We've included all of these top 19 neighborhoods in or near 02116, Boston, MA in the following chart.

The average rent for these 19 neighborhoods in or near 02116, Boston, MA is currently around $3,800 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $3,800. Out of all the neighborhoods in or near 02116, North Cambridge has the most affordable average rent at $3,134 per month. Whereas, at $4,500 average rent per month, Mission Hill is the most expensive neighborhood in or near 02116. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Cambridge, Cambridge, MA	$2,814	$2,953	$3,547	$3,134
Central Maverick Square - Paris Street, Boston, MA	$2,418	$3,000	$3,348	$3,225
Beacon Hill, Boston, MA	$2,200	$3,550	$4,100	$3,500
St. Elizabeth's, Boston, MA	$2,275	$2,395	$3,598	$3,500
North End, Boston, MA	$2,400	$3,165	$4,450	$3,500
South End, Boston, MA	$3,008	$3,425	$4,700	$3,545
Uphams Corner - Jones Hill, Boston, MA	N/A	$2,175	$2,800	$3,575
Columbia Point, Boston, MA	$150	$2,641	$3,000	$3,625
East Cambridge, Cambridge, MA	$2,995	$3,350	$4,429	$3,642
Commonwealth, Boston, MA	$1,900	$2,300	$3,000	$3,800
Coolidge Corner, Brookline, MA	$2,048	$3,000	$3,400	$3,800
North Allston, Boston, MA	$3,199	$3,500	$4,721	$3,819
Downtown Boston, Boston, MA	$2,835	$3,426	$4,500	$3,858
Chinatown - Leather District, Boston, MA	$3,232	$3,603	$5,600	$3,995
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,499	$3,899	$4,508	$4,000
Kendall Square, Cambridge, MA	$3,123	$3,998	$4,640	$4,037
D Street - West Broadway, Boston, MA	$3,240	$3,795	$4,750	$4,158
Back Bay, Boston, MA	$2,400	$3,514	$5,800	$4,500
Mission Hill, Boston, MA	N/A	$2,800	$3,425	$4,500

Top Counties Near 02116

There are a total of 19 counties located by 02116, Boston, MA. Some of these counties include Lynn, MA, Chelsea, MA, and Quincy, MA. The average rent for rentals in these counties is $3,517. That's roughly around $3 per sqft. A total of 10 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 $4,000, Brookline, MA is the most expensive county by 02116, Boston, MA.

Typically, rent for studios in 02116, Boston, MA is 38.87% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02116, Boston, MA is 28.61% more expensive than other counties nearby. Finally, rent for two bedrooms in 02116, Boston, MA is 43.64% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lynn, MA	$1,700	$2,400	$2,550	$2,400
Chelsea, MA	$1,550	$2,200	$2,800	$2,509
Quincy, MA	$1,648	$2,225	$2,600	$2,600
Waltham, MA	$725	$2,437	$3,000	$2,850
Medford, MA	N/A	$2,548	$2,800	$3,500
Cambridge, MA	$2,838	$3,005	$3,789	$3,534
Boston, MA	$2,745	$3,400	$3,984	$3,636
Somerville, MA	$2,125	$2,775	$3,700	$3,900
Brookline, MA	$2,020	$2,950	$3,700	$4,000
Newton, MA	$1,775	$2,500	$3,200	$4,000

Top Zipcodes Near 02116

There are a total of 32 zipcodes in or near 02116, Boston, MA. The average rent for all of these zipcodes is $3,530. A total of 24 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 $2,509 per month. In comparison, the zipcode with the most expensive average rent of $4,625 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,466. 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 02116, Boston, MA is $2,805 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,600 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02116, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02114, Boston, MA	$2,715	$3,455	$4,228	$3,675
02210, Boston, MA	$3,240	$3,800	$4,965	$4,100
02127, Boston, MA	$2,700	$3,100	$3,750	$4,225
02118, Boston, MA	$2,999	$3,400	$4,737	$3,583
02215, Boston, MA	$2,248	$3,883	$4,508	$3,818
02142, Cambridge, MA	$3,000	$3,679	$4,507	$4,015
02135, Boston, MA	$2,500	$2,700	$3,200	$3,425
02138, Cambridge, MA	$2,515	$2,742	$3,600	$3,340
02128, Boston, MA	$2,500	$2,795	$3,325	$3,200
02140, Cambridge, MA	$2,632	$2,944	$3,600	$3,355

Frequently Asked Questions - 02116 Average Rents

What is the average rent price in 02116, Boston, MA?

The average monthly rental price for 02116, Boston, MA apartments for rent is approximately $4,002. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 02116, 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 02116, Boston, MA.

How much is a studio apartment in 02116, Boston, MA?

The average monthly rental price for studio apartments is $2,843 and an average price per square feet of $6.00. There are a total of 24 studio apartment listings currently available for rent in 02116.

How much is a one bedroom apartment in 02116, Boston, MA?

The average monthly rental price for one bedroom apartments is $3,535 and an average price per square feet of $5.01. There are a total of 60 one bedroom apartment listings currently available for rent in 02116.

How much is a two bedroom apartment in 02116, Boston, MA?

The average monthly rental price for two bedroom apartments is $5,500 and an average price per square feet of $4.96. There are a total of 43 two bedroom apartment listings currently available for rent in 02116.

How have rent prices in 02116, Boston, MA changed this year?

Rent prices for rentals in 02116, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.21%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.18% year-over-year.

What is a reasonable rent price in 02116, Boston, MA?

A reasonable rent price in 02116, Boston, MA is around $3,202/month. You can search for these reasonably priced rental listings on RentHop.