Average Rent in 02143, Somerville, MA

Current Versus Historical 02143, Somerville, MA Rents

02143 rentals average $0 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $2,500, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $484 (22.88%) year-over-year from $2,116 to $2,600. 1-bedroom rentals prices have increased by $283 (11.72%) year-over-year from $2,417 to $2,700. 2-bedroom rentals prices have increased by $723 (23.70%) year-over-year from $3,050 to $3,773. 3-bedroom rentals prices have increased by $442 (12.16%) year-over-year from $3,633 to $4,075. 4-bedroom rentals prices have increased by $533 (11.94%) year-over-year from $4,467 to $5,000. 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 14.71% this month. 1-bedroom rents have gone up by 1.25% this month. 2-bedroom rents have gone up by 7.56% this month. 3-bedroom rents have gone up by 3.82% this month. 4-bedroom rents have gone up by 4.53% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)

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 $3,423 per month. Our records show that Chelsea, MA, with an average rent of $2,584, 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 $3,695 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
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Cambridge, MA	$2,858	$3,075	$3,785	$3,423
Boston, MA	$2,990	$3,528	$4,431	$3,695

Top Neighborhoods Near 02143

There are a total of 8 neighborhoods in or near 02143. Some of these neighborhoods include North Cambridge, South End, and Downtown Boston. We've included all of these top 8 neighborhoods in or near 02143, Somerville, MA in the following chart.

The average rent for these 8 neighborhoods in or near 02143, Somerville, MA is currently around $3,718 per month. Meaning, only eight neighborhoods have a higher average rent than $3,718. Interestingly, the neighborhoods' average rent is higher than 02143's average rent, which is only $2,500. Out of all the neighborhoods in or near 02143, North Cambridge has the most affordable average rent at $3,085 per month. Whereas, at $4,096 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	$2,949	$3,547	$3,085
South End, Boston, MA	$2,974	$3,531	$4,782	$3,548
Downtown Boston, Boston, MA	$2,820	$3,364	$4,355	$3,650
Chinatown - Leather District, Boston, MA	$3,304	$3,603	$4,958	$3,713
East Cambridge, Cambridge, MA	$2,989	$3,353	$4,395	$3,724
D Street - West Broadway, Boston, MA	$3,275	$3,740	$4,900	$4,000
Kendall Square, Cambridge, MA	$3,123	$4,020	$4,661	$4,073
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$3,220	$4,092	$4,708	$4,096

Top Counties Near 02143

There are a total of 8 counties located by 02143, Somerville, MA. Some of these counties include Chelsea, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,423. That's roughly around $4 per sqft. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $3,695, 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
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Cambridge, MA	$2,858	$3,075	$3,785	$3,423
Boston, MA	$2,990	$3,528	$4,431	$3,695

Top Zipcodes Near 02143

There are a total of 13 zipcodes in or near 02143, Somerville, MA. The average rent for all of these zipcodes is $3,533.

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	$2,820	$3,395	$4,215	$3,695
02210, Boston, MA	$3,245	$3,738	$4,950	$3,980
02118, Boston, MA	$2,974	$3,531	$4,812	$3,574
02215, Boston, MA	$2,363	$4,087	$4,708	$4,011
02116, Boston, MA	$2,960	$3,565	$4,915	$3,875
02135, Boston, MA	$2,573	$3,104	$3,175	$3,300
02142, Cambridge, MA	$3,000	$3,900	$4,461	$4,130
02138, Cambridge, MA	$2,515	$2,726	$3,571	$2,859
02134, Boston, MA	$3,199	$2,810	$3,200	$3,425
02140, Cambridge, MA	$2,585	$2,944	$3,547	$3,085

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 $2,500. 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 $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 0.23%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by 0.24%, and three bedroom rental prices have changed by 0.12% year-over-year.

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

A reasonable rent price in 02143, Somerville, MA is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.