Average Rent in 02143, Somerville, MA

Current Versus Historical 02143, Somerville, MA Rents

02143 rentals average $2,300 for a studio rental to $4,500 for a 4-bedroom rental. The median price of all currently available listings is $3,500, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $83 (-4.00%) year-over-year from $2,083 to $2,000. 1-bedroom rentals prices have increased by $383 (15.54%) year-over-year from $2,467 to $2,850. 2-bedroom rentals prices have increased by $367 (11.70%) year-over-year from $3,133 to $3,500. 3-bedroom rentals prices have increased by $195 (5.27%) year-over-year from $3,700 to $3,895. 4-bedroom rentals prices have increased by $50 (1.12%) year-over-year from $4,450 to $4,500. 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 4.76% this month. 1-bedroom rents have gone up by 16.33% this month. 2-bedroom rents have gone down by 19.23% this month. 3-bedroom rents have gone down by 3.39% this month. 4-bedroom rents have gone up by 3.45% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.35	$2,000	$2,083 (-4.00%)	$1,571 (27.32%)
1 BR	$4.17	$2,850	$2,467 (15.54%)	$1,950 (46.15%)
2 BR	$3.81	$3,500	$3,133 (11.70%)	$2,417 (44.83%)
3 BR	$3.30	$3,895	$3,700 (5.27%)	$2,917 (33.54%)
4+ BR	$2.88	$4,500	$4,450 (1.12%)	$3,717 (21.08%)

Historical Rents in 02143, Somerville, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02143

There are a total of 9 cities nearby 02143. The average rent in 02143 is currently $3,500 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,695, is the most affordable city nearby. In contrast, the most expensive city near 02143, Somerville, MA is Brookline, MA. Monthly rents here are on average $3,700 per month.

Let's compare 02143, Somerville, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02143, Somerville, MA is 27.17% more expensive than other cities nearby. One bedrooms are about 21.57% more expensive. Two bedrooms in 02143, Somerville, MA are about 11.43% more expensive. Finally, rent for three bedrooms are about 1.33% more expensive. Want more information? Check out the top 9 cities near 02143, Somerville, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,675	$1,950	$2,900	$2,695
Everett, MA	N/A	$2,125	$2,800	$2,750
Malden, MA	N/A	$2,175	$2,800	$2,800
Medford, MA	$1,163	$2,300	$3,000	$3,500
Watertown Town, MA	N/A	$2,500	$3,100	$3,500
Boston, MA	$2,720	$3,200	$3,825	$3,548
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630
Brookline, MA	$2,415	$2,950	$3,600	$3,700

Top Neighborhoods Near 02143

There are a total of 27 neighborhoods in or near 02143. Some of these neighborhoods include Commonwealth, Jeffries Point - Airport, and Central Maverick Square - Paris Street. We've included all of these top 27 neighborhoods in or near 02143, Somerville, MA in the following chart.

The average rent for these 27 neighborhoods in or near 02143, Somerville, MA is currently around $3,600 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $3,600. Interestingly, the neighborhoods' average rent is higher than 02143's average rent, which is only $3,500. Out of all the neighborhoods in or near 02143, Commonwealth has the most affordable average rent at $3,000 per month. Whereas, at $4,400 average rent per month, City Point is the most expensive neighborhood in or near 02143. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Commonwealth, Boston, MA	$2,100	$2,300	$3,000	$3,000
Jeffries Point - Airport, Boston, MA	$2,350	$2,500	$3,200	$3,000
Central Maverick Square - Paris Street, Boston, MA	N/A	$2,700	$3,400	$3,000
Cambridge Highlands, Cambridge, MA	$2,640	$2,800	$3,831	$3,125
Mid-Cambridge, Cambridge, MA	$2,525	$2,800	$3,925	$3,340
North Cambridge, Cambridge, MA	$2,566	$2,944	$3,559	$3,350
Back Bay, Boston, MA	$2,400	$3,200	$5,800	$3,400
Coolidge Corner, Brookline, MA	$2,415	$2,850	$3,500	$3,400
Oak Square, Boston, MA	N/A	$2,488	$2,900	$3,425
West End, Boston, MA	$2,905	$3,400	$4,865	$3,460
Beacon Hill, Boston, MA	$2,273	$3,225	$4,300	$3,495
St. Elizabeth's, Boston, MA	$2,500	$2,500	$3,500	$3,500
North End, Boston, MA	$2,450	$3,165	$4,500	$3,575
Neighborhood Nine, Cambridge, MA	$2,750	$2,914	$3,825	$3,600
Columbus Park - Andrew Square, Boston, MA	$2,715	$2,750	$3,650	$3,723
Chinatown - Leather District, Boston, MA	$3,292	$3,583	$5,122	$3,725
East Cambridge, Cambridge, MA	$2,995	$3,500	$4,273	$3,748
Washington Square, Brookline, MA	$2,400	$3,000	$3,650	$3,800
North Allston, Boston, MA	$3,150	$3,363	$4,546	$3,821
Downtown Boston, Boston, MA	$2,865	$3,453	$4,544	$3,900
South End, Boston, MA	$2,846	$3,480	$4,800	$3,980
Kendall Square, Cambridge, MA	$3,111	$3,880	$4,606	$3,990
D Street - West Broadway, Boston, MA	$3,179	$3,718	$4,600	$4,041
Mission Hill, Boston, MA	N/A	$2,750	$3,450	$4,100
Telegraph Hill, Boston, MA	N/A	$2,900	$3,600	$4,100
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,650	$4,073	$4,850	$4,127
City Point, Boston, MA	$2,300	$2,600	$3,900	$4,400

Top Counties Near 02143

There are a total of 27 counties located by 02143, Somerville, MA. Some of these counties include Chelsea, MA, Everett, MA, and Malden, MA. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,695. Vice versa, with an average rent of $3,700, Brookline, MA is the most expensive county by 02143, Somerville, MA.

Typically, rent for studios in 02143, Somerville, MA is 27.17% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02143, Somerville, MA is 21.57% more expensive than other counties nearby. Finally, rent for two bedrooms in 02143, Somerville, MA is 11.43% more expensive than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,675	$1,950	$2,900	$2,695
Everett, MA	N/A	$2,125	$2,800	$2,750
Malden, MA	N/A	$2,175	$2,800	$2,800
Medford, MA	$1,163	$2,300	$3,000	$3,500
Watertown Town, MA	N/A	$2,500	$3,100	$3,500
Boston, MA	$2,720	$3,200	$3,825	$3,548
Cambridge, MA	$2,765	$3,017	$3,785	$3,600
Somerville, MA	$2,050	$2,758	$3,398	$3,630
Brookline, MA	$2,415	$2,950	$3,600	$3,700

Top Zipcodes Near 02143

There are a total of 29 zipcodes in or near 02143, Somerville, MA. The average rent for all of these zipcodes is $3,548. A total of 14 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 $2,695 per month. In comparison, the zipcode with the most expensive average rent of $4,161 per month is 02210, Boston, MA.

Studios in these zipcodes have an average rent of $2,443. 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 02143, Somerville, MA is $2,900 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,750 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02143, Somerville, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02114, Boston, MA	$2,728	$3,395	$4,488	$3,630
02210, Boston, MA	$3,240	$3,850	$5,029	$4,161
02127, Boston, MA	$2,200	$2,900	$3,800	$4,000
02118, Boston, MA	$2,885	$3,410	$4,800	$3,948
02215, Boston, MA	$2,450	$4,073	$5,000	$4,073
02116, Boston, MA	$2,575	$3,493	$5,442	$3,785
02135, Boston, MA	$2,551	$2,500	$3,200	$3,400
02142, Cambridge, MA	$3,015	$3,702	$4,417	$3,910
02128, Boston, MA	$2,345	$2,550	$3,350	$3,150
02138, Cambridge, MA	$2,695	$2,753	$3,666	$3,400

Frequently Asked Questions - 02143 Average Rents

What is the average rent price in 02143, Somerville, MA?

The average monthly rental price for 02143, Somerville, MA apartments for rent is approximately $3,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 02143, Somerville, 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 02143, Somerville, MA.

How much is a studio apartment in 02143, Somerville, MA?

The average monthly rental price for studio apartments is $2,300 and an average price per square feet of $5.35. There are a total of 5 studio apartment listings currently available for rent in 02143.

How much is a one bedroom apartment in 02143, Somerville, MA?

The average monthly rental price for one bedroom apartments is $3,188 and an average price per square feet of $4.17. There are a total of 20 one bedroom apartment listings currently available for rent in 02143.

How much is a two bedroom apartment in 02143, Somerville, MA?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $3.81. There are a total of 29 two bedroom apartment listings currently available for rent in 02143.

How have rent prices in 02143, Somerville, MA changed this year?

Rent prices for rentals in 02143, Somerville, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 02143, Somerville, MA?

A reasonable rent price in 02143, Somerville, MA is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.