Average Rent in 02143, Somerville, MA

Home  »  MA  »  Somerville  »  02143

Current Versus Historical 02143, Somerville, MA Rents

02143 rentals average $0 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $3,600, or roughly $3 per square feet.
For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $626 (31.70%) year-over-year from $1,974 to $2,600. 1-bedroom rentals prices have increased by $183 (7.28%) year-over-year from $2,517 to $2,700. 2-bedroom rentals prices have increased by $673 (21.69%) year-over-year from $3,100 to $3,773. 3-bedroom rentals prices have increased by $317 (8.43%) year-over-year from $3,758 to $4,075. 4-bedroom rentals prices have decreased by $250 (-5.62%) year-over-year from $4,450 to $4,200. 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 3.31% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 4.36% this month. 3-bedroom rents have gone up by 1.45% this month. 4-bedroom rents have gone down by 10.00% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
4+ BR $3.23 $4,200 $4,450 (-5.62%) $3,950 (6.33%)

Historical Rents in 02143, Somerville, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02143

There are a total of 3 cities nearby 02143. The average rent in 02143 is currently $3,442 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,350, is the most affordable city nearby. In contrast, the most expensive city near 02143, Somerville, MA is Boston, MA. Monthly rents here are on average $3,675 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 inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 02143, Somerville, MA are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 02143, Somerville, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,943 $2,600 $3,300 $3,350
Cambridge, MA $2,923 $3,075 $3,785 $3,442
Boston, MA $2,976 $3,500 $4,428 $3,675

Top Neighborhoods Near 02143

There are a total of 9 neighborhoods in or near 02143. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 9 neighborhoods in or near 02143, Somerville, MA in the following chart.

The average rent for these 9 neighborhoods in or near 02143, Somerville, MA is currently around $3,720 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,720. Interestingly, the neighborhoods' average rent is higher than 02143's average rent, which is only $3,600. Out of all the neighborhoods in or near 02143, North Cambridge has the most affordable average rent at $3,072 per month. Whereas, at $4,162 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near 02143. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,943 $3,559 $3,072
South End, Boston, MA $2,974 $3,475 $4,862 $3,567
East Cambridge, Cambridge, MA $3,047 $3,404 $4,334 $3,643
Downtown Boston, Boston, MA $2,820 $3,377 $4,365 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,645 $5,011 $3,720
West End, Boston, MA $2,858 $3,470 $4,795 $3,748
D Street - West Broadway, Boston, MA $3,245 $3,700 $4,855 $3,975
Kendall Square, Cambridge, MA $3,245 $4,035 $4,660 $4,096
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,094 $4,850 $4,162

Top Counties Near 02143

There are a total of 9 counties located by 02143, Somerville, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,442. That's roughly around $4 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,350. Vice versa, with an average rent of $3,675, Boston, MA is the most expensive county by 02143, Somerville, MA.

Typically, rent for studios in 02143, Somerville, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02143, Somerville, MA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 02143, Somerville, MA is inf% 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 $1,943 $2,600 $3,300 $3,350
Cambridge, MA $2,923 $3,075 $3,785 $3,442
Boston, MA $2,976 $3,500 $4,428 $3,675

Top Zipcodes Near 02143

There are a total of 12 zipcodes in or near 02143, Somerville, MA. The average rent for all of these zipcodes is $3,569. A total of 6 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 $2,890 per month. In comparison, the zipcode with the most expensive average rent of $4,096 per month is 02142, Cambridge, 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 02143, Somerville, MA is $3,436 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,424 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 $2,808 $3,395 $4,413 $3,703
02210, Boston, MA $3,238 $3,694 $4,900 $3,956
02118, Boston, MA $2,974 $3,478 $4,882 $3,618
02215, Boston, MA $2,660 $4,092 $4,889 $4,077
02116, Boston, MA $2,860 $3,515 $4,928 $3,605
02135, Boston, MA $2,573 $2,922 $3,150 $3,300
02142, Cambridge, MA $3,145 $3,980 $4,436 $4,096
02138, Cambridge, MA $2,515 $2,726 $3,573 $2,890
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02140, Cambridge, MA $2,647 $2,931 $3,547 $3,121

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 $3,600. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 0.32%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.22%, and three bedroom rental prices have changed by 0.08% year-over-year.
What is a reasonable rent price in 02143, Somerville, MA?
A reasonable rent price in 02143, Somerville, MA is around $2,880/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast