Average Rent in 02118, Boston, MA

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Current Versus Historical 02118, Boston, MA Rents

02118 rentals average $1,367 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $4,000, or roughly $5 per square feet.
For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $626 (-23.85%) year-over-year from $2,626 to $2,000. 1-bedroom rentals prices have decreased by $75 (-2.16%) year-over-year from $3,475 to $3,400. 2-bedroom rentals prices have increased by $194 (4.56%) year-over-year from $4,251 to $4,445. 3-bedroom rentals prices have increased by $1,536 (29.74%) year-over-year from $5,164 to $6,700. 4-bedroom rentals prices have increased by $4,458 (68.15%) year-over-year from $6,542 to $11,000. 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 9.09% this month. 1-bedroom rents have gone up by 4.08% this month. 2-bedroom rents have gone down by 1.65% this month. 3-bedroom rents have gone down by 13.17% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.92 $2,000 $2,626 (-23.85%) $2,660 (-24.82%)
1 BR $4.85 $3,400 $3,475 (-2.16%) $3,077 (10.51%)
2 BR $4.47 $4,445 $4,251 (4.56%) $4,235 (4.95%)
3 BR $3.58 $6,700 $5,164 (29.74%) $4,567 (46.72%)

Historical Rents in 02118, Boston, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02118

There are a total of 14 cities nearby 02118. The average rent in 02118 is currently $2,995 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Lynn, MA, with an average rent of $1,980, is the most affordable city nearby. In contrast, the most expensive city near 02118, Boston, MA is Newton, MA. Monthly rents here are on average $3,900 per month.

Let's compare 02118, Boston, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02118, Boston, MA is 18.69% more affordable than other cities nearby. One bedrooms are about 31.88% more expensive. Two bedrooms in 02118, Boston, MA are about 34.38% more expensive. Finally, rent for three bedrooms are about 47.85% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 02118, Boston, MA in the following chart.
City Studio 1 Bed 2 Bed All
Revere, MA $1,650 $2,300 $2,800 $2,500
Quincy, MA $1,700 $2,300 $2,600 $2,500
Malden, MA N/A $2,200 $2,850 $2,800
Watertown Town, MA N/A $2,640 $2,925 $3,000
Medford, MA $1,650 $2,900 $2,725 $3,200
Somerville, MA $2,330 $2,470 $3,200 $3,250
Boston, MA $2,400 $3,000 $3,400 $3,400
Cambridge, MA $2,600 $3,100 $3,600 $3,500
Brookline, MA $300 $2,700 $3,500 $3,600
Newton, MA $1,795 $2,288 $3,000 $3,900

Top Neighborhoods Near 02118

There are a total of 12 neighborhoods in or near 02118. Some of these neighborhoods include Commonwealth, Columbia Point, and Coolidge Corner. We've included all of these top 12 neighborhoods in or near 02118, Boston, MA in the following chart.

The average rent for these 12 neighborhoods in or near 02118, Boston, MA is currently around $3,633 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,633. Out of all the neighborhoods in or near 02118, Commonwealth has the most affordable average rent at $2,725 per month. Whereas, at $4,350 average rent per month, D Street - West Broadway is the most expensive neighborhood in or near 02118. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Commonwealth, Boston, MA $1,800 $2,250 $2,850 $2,725
Columbia Point, Boston, MA N/A $2,350 $2,800 $2,900
Coolidge Corner, Brookline, MA $2,335 $2,725 $3,300 $3,400
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,475 $2,895 $4,650 $3,500
Beacon Hill, Boston, MA $2,200 $3,475 $3,700 $3,500
West End, Boston, MA $2,783 $3,448 $4,770 $3,571
North End, Boston, MA N/A $2,800 $4,200 $3,695
East Cambridge, Cambridge, MA $3,180 $3,450 $3,909 $3,715
Back Bay, Boston, MA $2,475 $3,400 $4,600 $3,975
Downtown Boston, Boston, MA $2,900 $3,800 $5,350 $4,148
South End, Boston, MA $2,284 $3,450 $4,400 $4,160
D Street - West Broadway, Boston, MA $3,075 $3,725 $4,225 $4,350

Top Counties Near 02118

There are a total of 12 counties located by 02118, Boston, MA. Some of these counties include Revere, MA, Quincy, MA, and Malden, MA. The average rent for rentals in these counties is $2,995. That's roughly around $3 per sqft. A total of 14 counties have a lower average rent. The county that is the most affordable is Lynn, MA. It's average rent per month is $1,980. Vice versa, with an average rent of $3,900, Newton, MA is the most expensive county by 02118, Boston, MA.

Typically, rent for studios in 02118, Boston, MA is 18.69% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02118, Boston, MA is 31.88% more expensive than other counties nearby. Finally, rent for two bedrooms in 02118, Boston, MA is 34.38% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Revere, MA $1,650 $2,300 $2,800 $2,500
Quincy, MA $1,700 $2,300 $2,600 $2,500
Malden, MA N/A $2,200 $2,850 $2,800
Watertown Town, MA N/A $2,640 $2,925 $3,000
Medford, MA $1,650 $2,900 $2,725 $3,200
Somerville, MA $2,330 $2,470 $3,200 $3,250
Boston, MA $2,400 $3,000 $3,400 $3,400
Cambridge, MA $2,600 $3,100 $3,600 $3,500
Brookline, MA $300 $2,700 $3,500 $3,600
Newton, MA $1,795 $2,288 $3,000 $3,900

Top Zipcodes Near 02118

There are a total of 3 zipcodes in or near 02118, Boston, MA. The average rent for all of these zipcodes is $3,000. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02128, Boston, MA at $2,800 per month. In comparison, the zipcode with the most expensive average rent of $4,250 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $2,200. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 02118, Boston, MA is $2,640 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,950 per month. Which comes out to $3 per sqft. The following chart includes the top 3 zipcodes in 02118, Boston, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02128, Boston, MA $2,200 $2,538 $2,950 $2,800
02116, Boston, MA $2,800 $3,238 $4,998 $4,250
02472, Watertown Town, MA N/A $2,640 $2,925 $3,000

Frequently Asked Questions - 02118 Average Rents

What is the average rent price in 02118, Boston, MA?
The average monthly rental price for 02118, Boston, MA apartments for rent is approximately $4,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02118, 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 02118, Boston, MA.
How much is a studio apartment in 02118, Boston, MA?
The average monthly rental price for studio apartments is $1,367 and an average price per square feet of $5.92. There are a total of 8 studio apartment listings currently available for rent in 02118.
How much is a one bedroom apartment in 02118, Boston, MA?
The average monthly rental price for one bedroom apartments is $3,450 and an average price per square feet of $4.85. There are a total of 37 one bedroom apartment listings currently available for rent in 02118.
How much is a two bedroom apartment in 02118, Boston, MA?
The average monthly rental price for two bedroom apartments is $4,400 and an average price per square feet of $4.47. There are a total of 36 two bedroom apartment listings currently available for rent in 02118.
How have rent prices in 02118, Boston, MA changed this year?
Rent prices for rentals in 02118, Boston, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.24%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.30% year-over-year.
What is a reasonable rent price in 02118, Boston, MA?
A reasonable rent price in 02118, Boston, MA is around $3,200/month. You can search for these reasonably priced rental listings on RentHop.
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