Average Rent in 02145, Somerville, MA

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Current Versus Historical 02145, Somerville, MA Rents

02145 rentals average $0 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,468, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $143 (6.04%) year-over-year from $2,358 to $2,500. 1-bedroom rentals prices have increased by $92 (3.81%) year-over-year from $2,408 to $2,500. 2-bedroom rentals prices have increased by $517 (17.32%) year-over-year from $2,983 to $3,500. 3-bedroom rentals prices have increased by $50 (1.47%) year-over-year from $3,400 to $3,450. 4-bedroom rentals prices have increased by $342 (8.27%) year-over-year from $4,133 to $4,475. 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 14.50% this month. 1-bedroom rents have gone up by 1.35% this month. 2-bedroom rents have gone up by 7.69% this month. 3-bedroom rents have gone down by 0.72% this month. 4-bedroom rents have gone down by 4.62% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $3.50 $3,500 $2,983 (17.32%) $2,342 (49.47%)

Historical Rents in 02145, Somerville, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02145

There are a total of 3 cities nearby 02145. The average rent in 02145 is currently $3,423 per month. A total of 2 cities nearby have an average rent lower than that. 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 02145, Somerville, MA is Boston, MA. Monthly rents here are on average $3,695 per month.

Let's compare 02145, Somerville, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02145, Somerville, MA is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 02145, Somerville, MA are about 9.16% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 02145, 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 02145

There are a total of 8 neighborhoods in or near 02145. Some of these neighborhoods include North Cambridge, South End, and Downtown Boston. We've included all of these top 8 neighborhoods in or near 02145, Somerville, MA in the following chart.

The average rent for these 8 neighborhoods in or near 02145, Somerville, MA is currently around $3,718 per month. A total of one neighborhood has a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,718. Interestingly, the neighborhoods' average rent is higher than 02145's average rent, which is only $3,468. Out of all the neighborhoods in or near 02145, 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 02145. 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 02145

There are a total of 8 counties located by 02145, 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. A total of 2 counties have a lower average rent. 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 02145, Somerville, MA.

Typically, rent for studios in 02145, Somerville, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02145, Somerville, MA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 02145, Somerville, MA is 9.16% 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 02145

There are a total of 13 zipcodes in or near 02145, Somerville, MA. The average rent for all of these zipcodes is $3,533. 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 02150, Chelsea, MA at $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,130 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,820. 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 02145, Somerville, MA is $3,395 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,378 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 02145, 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
02140, Cambridge, MA $2,585 $2,944 $3,547 $3,085
02134, Boston, MA $3,199 $2,810 $3,200 $3,425

Frequently Asked Questions - 02145 Average Rents

What is the average rent price in 02145, Somerville, MA?
The average monthly rental price for 02145, Somerville, MA apartments for rent is approximately $3,468. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02145, 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 02145, Somerville, MA.
How much is a studio apartment in 02145, 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 0 studio apartment listings currently available for rent in 02145.
How much is a one bedroom apartment in 02145, 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 1 one bedroom apartment listings currently available for rent in 02145.
How much is a two bedroom apartment in 02145, Somerville, MA?
The average monthly rental price for two bedroom apartments is $3,468 and an average price per square feet of $3.50. There are a total of 6 two bedroom apartment listings currently available for rent in 02145.
How have rent prices in 02145, Somerville, MA changed this year?
Rent prices for rentals in 02145, Somerville, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 02145, Somerville, MA?
A reasonable rent price in 02145, Somerville, MA is around $2,774/month. You can search for these reasonably priced rental listings on RentHop.
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