3 Apartments under 1200 for rent in Somerville, MA

Last updated August 14 at 10:34pm UTC
Results within 1 miles of Somerville, MA
7 Marcella St #parking
Wellington - Harrington
Cambridge, MA
Updated August 14 at 2:19pm UTC
Studio
$150
Results within 5 miles of Somerville, MA
15 Hurd Rd
Cushing Square
Belmont, MA
Updated August 14 at 10:34pm UTC
5 Bedrooms
$995
365 Beacon St
Back Bay
Boston, MA
Updated August 6 at 6:09am UTC
1 Bedroom
$1,050

August 2018 Somerville Rent Report

Welcome to the August 2018 Somerville Rent Report. Somerville rents increased over the past month. In this report, we'll evaluate trends in the Somerville rental market, including comparisons to cities throughout the metro, state, and nation.

View full Somerville Rent Report
Rent Report
Somerville

August 2018 Somerville Rent Report

Welcome to the August 2018 Somerville Rent Report. Somerville rents increased over the past month. In this report, we'll evaluate trends in the Somerville rental market, including comparisons to cities throughout the metro, state, and nation.

Somerville rents increased moderately over the past month

Somerville rents have increased 0.3% over the past month, but have remained steady at 0.1% in comparison to the same time last year. Currently, median rents in Somerville stand at $1,690 for a one-bedroom apartment and $2,100 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in December of last year. Somerville's year-over-year rent growth lags the state and national averages, which both stand at 1.2%.

Rents rising across the Boston Metro

While rents have remained steady in the city of Somerville throughout the past year, cities across the metro have seen a different trend. Rents have risen in 8 of of the largest 10 cities in the Boston metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Haverhill has seen the fastest rent growth in the metro, with a year-over-year increase of 4.6%. The median two-bedroom there costs $1,520, while one-bedrooms go for $1,220.
  • Over the past year, Lowell has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,530, while one-bedrooms go for $1,230.
  • Newton has the most expensive rents of the largest cities in the Boston metro, with a two-bedroom median of $2,330; rents increased 0.1% over the past month and 2.0% over the past year.

Many large cities nationwide show more affordable rents compared to Somerville

Rent growth in Somerville has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Somerville is less affordable for renters.

  • Somerville's median two-bedroom rent of $2,100 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the stagnant growth in Somerville.
  • While rents in Somerville remained moderately stable this year, similar cities saw increases, including Atlanta (+1.8%), Los Angeles (+1.3%), San Francisco (+1.1%); note that median 2BR rents in these cities go for $1,180, $1,750, and $3,090 respectively.
  • Renters will generally find more expensive prices in Somerville than most large cities. For example, Philadelphia has a median 2BR rent of $1,170, where Somerville is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Boston $1,690 $2,100 0.4% 0.5%
Lowell $1,230 $1,530 0.7% -1.3%
Cambridge $1,820 $2,250 0.1% 0.7%
Brockton $1,320 $1,640 0.4% -0.5%
Quincy $1,510 $1,870 0.3% 0.9%
Newton $1,880 $2,330 0.1% 2.0%
Lawrence $1,360 $1,690 -0.1% 1.9%
Somerville $1,690 $2,100 0.3% 0.1%
Framingham $1,510 $1,870 1.5% 1.3%
Haverhill $1,220 $1,520 -0.3% 4.6%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.