Average Rent in Commonwealth, Boston, MA

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Current Versus Historical Commonwealth, Boston, MA Rents

Commonwealth rentals average $2,250 for a 1-bedroom rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $3,100, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $204 (11.29%) year-over-year from $1,808 to $2,013. 1-bedroom rentals prices have increased by $133 (6.02%) year-over-year from $2,217 to $2,350. 2-bedroom rentals prices have increased by $350 (14.00%) year-over-year from $2,500 to $2,850. 3-bedroom rentals prices have increased by $327 (9.99%) year-over-year from $3,271 to $3,598. 4-bedroom rentals prices have increased by $748 (18.46%) year-over-year from $4,050 to $4,798. 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 0.84% this month. 1-bedroom rents have gone up by 0.07% this month. 2-bedroom rents have gone up by 2.09% this month. 3-bedroom rents have gone down by 2.53% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $4.02 $2,350 $2,217 (6.02%) $1,780 (32.02%)
2 BR $3.28 $2,850 $2,500 (14.00%) $2,158 (32.05%)
3 BR N/A $3,598 $3,271 (9.99%) $2,933 (22.68%)
4+ BR $3.44 $4,798 $4,050 (18.46%) $4,000 (19.94%)

Historical Rents in Commonwealth, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Commonwealth

There are a total of 3 cities nearby Commonwealth. The average rent in Commonwealth is currently $3,412 per month. Only one city nearby has 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 Commonwealth, Boston, MA is Boston, MA. Monthly rents here are on average $3,700 per month.

Let's compare Commonwealth, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Commonwealth, Boston, MA is inf% more affordable than other cities nearby. One bedrooms are about 36.67% more affordable. Two bedrooms in Commonwealth, Boston, MA are about 43.54% more affordable. Finally, rent for three bedrooms are about 13.85% more affordable. Want more information? Check out the top 3 cities near Commonwealth, Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,225 $2,700 $2,584
Cambridge, MA $2,900 $3,075 $3,768 $3,412
Boston, MA $2,990 $3,533 $4,405 $3,700

Top Neighborhoods Near Commonwealth

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

The average rent for these 8 neighborhoods in or near Commonwealth, Boston, MA is currently around $3,708 per month. A total of one neighborhood has a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,708. Interestingly, the neighborhoods' average rent is higher than Commonwealth's average rent, which is only $3,100. Out of all the neighborhoods in or near Commonwealth, North Cambridge has the most affordable average rent at $3,072 per month. Whereas, at $4,107 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near Commonwealth. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,949 $3,559 $3,072
South End, Boston, MA $2,974 $3,545 $4,760 $3,575
East Cambridge, Cambridge, MA $2,995 $3,330 $4,411 $3,637
Downtown Boston, Boston, MA $2,820 $3,364 $4,348 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,605 $4,930 $3,765
D Street - West Broadway, Boston, MA $3,240 $3,738 $4,900 $3,990
Kendall Square, Cambridge, MA $3,123 $3,998 $4,661 $4,055
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,220 $4,094 $4,708 $4,107

Top Counties Near Commonwealth

There are a total of 8 counties located by Commonwealth, Boston, MA. Some of these counties include Chelsea, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,412. 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 Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $3,700, Boston, MA is the most expensive county by Commonwealth, Boston, MA.

Typically, rent for studios in Commonwealth, Boston, MA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Commonwealth, Boston, MA is 36.67% more affordable than other counties nearby. Finally, rent for two bedrooms in Commonwealth, Boston, MA is 43.54% 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 $2,900 $3,075 $3,768 $3,412
Boston, MA $2,990 $3,533 $4,405 $3,700

Top Zipcodes Near Commonwealth

There are a total of 13 zipcodes in or near Commonwealth, Boston, MA. The average rent for all of these zipcodes is $3,533. 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 02150, Chelsea, MA at $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,065 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 Commonwealth, Boston, 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 Commonwealth, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02135, Boston, MA $2,573 $3,125 $3,175 $3,300
02134, Boston, MA $3,199 $2,810 $3,200 $3,425
02215, Boston, MA $2,363 $4,092 $4,708 $4,022
02138, Cambridge, MA $2,515 $2,726 $3,573 $2,828
02140, Cambridge, MA $2,610 $2,943 $3,559 $3,065
02142, Cambridge, MA $3,000 $3,811 $4,472 $4,065
02116, Boston, MA $3,068 $3,583 $4,940 $3,740
02118, Boston, MA $2,974 $3,545 $4,782 $3,590
02141, Cambridge, MA $3,042 $3,630 $4,477 $3,342
02114, Boston, MA $2,820 $3,395 $4,228 $3,695

Frequently Asked Questions - Commonwealth Average Rents

What is the average rent price in Commonwealth, Boston, MA?
The average monthly rental price for Commonwealth, Boston, MA apartments for rent is approximately $3,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Commonwealth, 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 Commonwealth, Boston, MA.
How much is a studio apartment in Commonwealth, Boston, 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 Commonwealth.
How much is a one bedroom apartment in Commonwealth, Boston, MA?
The average monthly rental price for one bedroom apartments is $2,250 and an average price per square feet of $4.02. There are a total of 7 one bedroom apartment listings currently available for rent in Commonwealth.
How much is a two bedroom apartment in Commonwealth, Boston, MA?
The average monthly rental price for two bedroom apartments is $2,625 and an average price per square feet of $3.28. There are a total of 12 two bedroom apartment listings currently available for rent in Commonwealth.
How have rent prices in Commonwealth, Boston, MA changed this year?
Rent prices for rentals in Commonwealth, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in Commonwealth, Boston, MA?
A reasonable rent price in Commonwealth, Boston, MA is around $2,480/month. You can search for these reasonably priced rental listings on RentHop.
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