Average Rent in 02127, Boston, MA

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Current Versus Historical 02127, Boston, MA Rents

02127 rentals average $3,399 for a studio rental to $7,955 for a 4-bedroom rental. The median price of all currently available listings is $3,400, or roughly $4 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 $1,758 (75.33%) year-over-year from $2,333 to $4,091. 1-bedroom rentals prices have increased by $1,505 (53.90%) year-over-year from $2,792 to $4,297. 2-bedroom rentals prices have increased by $617 (16.30%) year-over-year from $3,783 to $4,400. 3-bedroom rentals prices have increased by $217 (4.89%) year-over-year from $4,433 to $4,650. 4-bedroom rentals prices have increased by $2,522 (46.41%) year-over-year from $5,433 to $7,955. 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 33.57% this month. 1-bedroom rents have gone up by 20.92% this month. 2-bedroom rents have gone up by 8.20% this month. 3-bedroom rents have gone down by 0.18% this month. 4-bedroom rents have gone up by 22.06% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.46 $4,091 $2,333 (75.33%) $3,172 (28.99%)
1 BR $4.61 $4,297 $2,792 (53.90%) $2,350 (82.83%)
2 BR $4.20 $4,400 $3,783 (16.30%) $3,048 (44.34%)
3 BR $2.22 $4,650 $4,433 (4.89%) $3,660 (27.06%)
4+ BR $3.34 $7,955 $5,433 (46.41%) $4,733 (68.06%)

Historical Rents in 02127, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02127

There are a total of 3 cities nearby 02127. The average rent in 02127 is currently $3,449 per month. Only one city nearby has 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 02127, Boston, MA is Boston, MA. Monthly rents here are on average $3,670 per month.

Let's compare 02127, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02127, Boston, MA is 14.01% more expensive than other cities nearby. One bedrooms are about 6.03% more affordable. Two bedrooms in 02127, Boston, MA are about 11.32% more affordable. Finally, rent for three bedrooms are about 18.06% more expensive. Want more information? Check out the top 3 cities near 02127, 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 $3,449
Boston, MA $2,967 $3,510 $4,454 $3,670

Top Neighborhoods Near 02127

There are a total of 9 neighborhoods in or near 02127. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 9 neighborhoods in or near 02127, Boston, MA in the following chart.

The average rent for these 9 neighborhoods in or near 02127, Boston, MA is currently around $3,670 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,670. Interestingly, the neighborhoods' average rent is higher than 02127's average rent, which is only $3,400. Out of all the neighborhoods in or near 02127, 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 02127. 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 $2,924 $3,525 $4,872 $3,594
East Cambridge, Cambridge, MA $3,047 $3,404 $4,390 $3,637
Downtown Boston, Boston, MA $2,820 $3,401 $4,365 $3,660
Chinatown - Leather District, Boston, MA $3,315 $3,600 $5,122 $3,670
West End, Boston, MA $2,905 $3,420 $4,845 $3,743
D Street - West Broadway, Boston, MA $3,199 $3,688 $4,832 $3,942
Kendall Square, Cambridge, MA $3,245 $3,990 $4,605 $4,035
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,096 $4,927 $4,174

Top Counties Near 02127

There are a total of 9 counties located by 02127, Boston, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,449. That's roughly around $4 per sqft. A total of 1 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 $3,670, Boston, MA is the most expensive county by 02127, Boston, MA.

Typically, rent for studios in 02127, Boston, MA is 14.01% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02127, Boston, MA is 6.03% more affordable than other counties nearby. Finally, rent for two bedrooms in 02127, Boston, MA is 11.32% more affordable 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 $3,449
Boston, MA $2,967 $3,510 $4,454 $3,670

Top Zipcodes Near 02127

There are a total of 12 zipcodes in or near 02127, Boston, MA. The average rent for all of these zipcodes is $3,585. A total of 3 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 $2,830. 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 02127, Boston, MA is $3,460 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,426 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02127, 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 $2,800 $3,405 $4,425 $3,710
02210, Boston, MA $3,152 $3,685 $4,889 $3,924
02118, Boston, MA $2,924 $3,530 $4,882 $3,650
02215, Boston, MA $2,660 $4,094 $4,987 $4,092
02116, Boston, MA $2,860 $3,515 $4,940 $3,638
02142, Cambridge, MA $3,215 $3,910 $4,488 $4,011
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 $2,646 $2,943 $3,559 $3,103
02134, Boston, MA $3,199 $2,810 $3,200 $3,413

Frequently Asked Questions - 02127 Average Rents

What is the average rent price in 02127, Boston, MA?
The average monthly rental price for 02127, Boston, MA apartments for rent is approximately $3,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02127, 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 02127, Boston, MA.
How much is a studio apartment in 02127, Boston, MA?
The average monthly rental price for studio apartments is $3,399 and an average price per square feet of $6.46. There are a total of 2 studio apartment listings currently available for rent in 02127.
How much is a one bedroom apartment in 02127, Boston, MA?
The average monthly rental price for one bedroom apartments is $2,900 and an average price per square feet of $4.61. There are a total of 14 one bedroom apartment listings currently available for rent in 02127.
How much is a two bedroom apartment in 02127, Boston, MA?
The average monthly rental price for two bedroom apartments is $3,400 and an average price per square feet of $4.20. There are a total of 20 two bedroom apartment listings currently available for rent in 02127.
How have rent prices in 02127, Boston, MA changed this year?
Rent prices for rentals in 02127, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.75%, one bedroom rental prices have changed by 0.54%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in 02127, Boston, MA?
A reasonable rent price in 02127, Boston, MA is around $2,720/month. You can search for these reasonably priced rental listings on RentHop.
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