Average Rent in 02124, Boston, MA

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Current Versus Historical 02124, Boston, MA Rents

02124 rentals average $3,747 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,892, or roughly $5 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $867 (56.52%) year-over-year from $1,533 to $2,400. 1-bedroom rentals prices have increased by $283 (14.41%) year-over-year from $1,967 to $2,250. 2-bedroom rentals prices have increased by $340 (13.84%) year-over-year from $2,460 to $2,800. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,000 to $3,000. 4-bedroom rentals prices have increased by $608 (17.94%) year-over-year from $3,392 to $4,000. 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 9.92% this month. 1-bedroom rents have gone up by 24.08% this month. 2-bedroom rents have gone up by 1.20% this month. 3-bedroom rents have gone down by 3.23% this month. 4-bedroom rents have gone up by 6.19% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.71 $2,400 $1,533 (56.52%) $2,915 (-17.66%)
1 BR $5.19 $2,250 $1,967 (14.41%) $2,200 (2.27%)
2 BR $3.89 $2,800 $2,460 (13.84%) $2,383 (17.48%)

Historical Rents in 02124, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02124

There are a total of 3 cities nearby 02124. The average rent in 02124 is currently $3,452 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,300, is the most affordable city nearby. In contrast, the most expensive city near 02124, Boston, MA is Boston, MA. Monthly rents here are on average $3,657 per month.

Let's compare 02124, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02124, Boston, MA is 22.00% more expensive than other cities nearby. One bedrooms are about 25.00% more expensive. Two bedrooms in 02124, Boston, MA are about 4.18% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 02124, Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,452
Boston, MA $2,974 $3,500 $4,432 $3,657

Top Neighborhoods Near 02124

There are a total of 8 neighborhoods in or near 02124. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 8 neighborhoods in or near 02124, Boston, MA in the following chart.

The average rent for these 8 neighborhoods in or near 02124, Boston, MA is currently around $3,661 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,661. Out of all the neighborhoods in or near 02124, North Cambridge has the most affordable average rent at $3,065 per month. Whereas, at $4,174 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near 02124. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,943 $3,572 $3,065
South End, Boston, MA $2,949 $3,473 $4,932 $3,545
East Cambridge, Cambridge, MA $3,047 $3,404 $4,443 $3,637
Downtown Boston, Boston, MA $2,820 $3,389 $4,352 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,600 $5,122 $3,673
D Street - West Broadway, Boston, MA $3,212 $3,694 $4,832 $3,956
Kendall Square, Cambridge, MA $3,245 $4,005 $4,660 $4,079
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,096 $4,927 $4,174

Top Counties Near 02124

There are a total of 8 counties located by 02124, Boston, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,452. That's roughly around $4 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,300. Vice versa, with an average rent of $3,657, Boston, MA is the most expensive county by 02124, Boston, MA.

Typically, rent for studios in 02124, Boston, MA is 22.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02124, Boston, MA is 25.00% more expensive than other counties nearby. Finally, rent for two bedrooms in 02124, Boston, MA is 4.18% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Brookline, MA $1,985 $2,600 $3,200 $3,300
Cambridge, MA $2,923 $3,075 $3,785 $3,452
Boston, MA $2,974 $3,500 $4,432 $3,657

Top Zipcodes Near 02124

There are a total of 12 zipcodes in or near 02124, Boston, MA. The average rent for all of these zipcodes is $3,550. A total of 9 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02138, Cambridge, MA at $2,859 per month. In comparison, the zipcode with the most expensive average rent of $4,092 per month is 02215, Boston, MA.

Studios in these zipcodes have an average rent of $2,834. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 02124, Boston, MA is $3,435 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,402 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02124, 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 $2,808 $3,395 $4,320 $3,695
02210, Boston, MA $3,180 $3,688 $4,889 $3,942
02118, Boston, MA $2,949 $3,475 $4,965 $3,567
02215, Boston, MA $2,660 $4,094 $4,987 $4,092
02116, Boston, MA $2,860 $3,515 $4,935 $3,670
02142, Cambridge, MA $3,215 $3,925 $4,507 $4,041
02135, Boston, MA $2,573 $3,094 $3,075 $3,300
02138, Cambridge, MA $2,515 $2,725 $3,573 $2,859
02140, Cambridge, MA $2,632 $2,928 $3,559 $3,091
02134, Boston, MA $3,199 $2,810 $3,200 $3,413

Frequently Asked Questions - 02124 Average Rents

What is the average rent price in 02124, Boston, MA?
The average monthly rental price for 02124, Boston, MA apartments for rent is approximately $3,892. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02124, 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 02124, Boston, MA.
How much is a studio apartment in 02124, Boston, MA?
The average monthly rental price for studio apartments is $3,747 and an average price per square feet of $4.71. There are a total of 7 studio apartment listings currently available for rent in 02124.
How much is a one bedroom apartment in 02124, Boston, MA?
The average monthly rental price for one bedroom apartments is $4,100 and an average price per square feet of $5.19. There are a total of 15 one bedroom apartment listings currently available for rent in 02124.
How much is a two bedroom apartment in 02124, Boston, MA?
The average monthly rental price for two bedroom apartments is $3,950 and an average price per square feet of $3.89. There are a total of 6 two bedroom apartment listings currently available for rent in 02124.
How have rent prices in 02124, Boston, MA changed this year?
Rent prices for rentals in 02124, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.57%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in 02124, Boston, MA?
A reasonable rent price in 02124, Boston, MA is around $3,113/month. You can search for these reasonably priced rental listings on RentHop.
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