6 Apartments under 1500 for rent in Somerville, MA

Last updated May 22 at 1:57am UTC
Results within 5 miles of Somerville, MA
41 Keenan St
East Watertown
Watertown Town, MA
Updated May 19 at 4:02am UTC
1 Bedroom
$1,300
582 Freeport St Apt 2BOSTON
Neponset - Port Norfolk
Boston, MA
Updated May 18 at 10:47am UTC
2 Bedrooms
$830
Results within 10 miles of Somerville, MA
41 Morrell St.
Upper Washington - Spring Street
Boston, MA
Updated May 12 at 12:24pm UTC
1 Bedroom
$1,300
618-620 Main St
West End
Malden, MA
Updated May 16 at 1:41am UTC
Studio
$1,250
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May 2018 Somerville Rent Report

Welcome to the May 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

May 2018 Somerville Rent Report

Welcome to the May 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 significantly over the past month

Somerville rents have increased 0.5% over the past month, and have increased slightly by 1.8% in comparison to the same time last year. Currently, median rents in Somerville stand at $1,670 for a one-bedroom apartment and $2,070 for a two-bedroom. This is the fourth 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 average of 2.2%, but exceeds the national average of 1.5%.

Rents rising across the Boston Metro

Throughout the past year, rent increases have been occurring not just in the city of Somerville, but across the entire metro. Of the largest 10 cities that we have data for in the Boston metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Newton has the most expensive rents in the Boston metro, with a two-bedroom median of $2,320; the city has also seen rent growth of 2.4% over the past month, the fastest in the metro.
  • Over the past month, Brockton has seen the biggest rent drop in the metro, with a decline of 0.5%. Median two-bedrooms there cost $1,640, while one-bedrooms go for $1,320.
  • Lowell has the least expensive rents in the Boston metro, with a two-bedroom median of $1,520; rents rose 0.7% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Somerville

As rents have increased slightly in Somerville, other large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Somerville is less affordable for renters.

  • Somerville's median two-bedroom rent of $2,070 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.8% increase in Somerville.
  • While Somerville's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Los Angeles (+2.1%), Atlanta (+1.9%), and San Francisco (+1.3%).
  • Renters will generally find more expensive prices in Somerville than most large cities. For example, Philadelphia has a median 2BR rent of $1,160, 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 $1,670 $2,080 0.3% 1.0%
Lowell $1,220 $1,520 -0.0% 0.7%
Cambridge $1,790 $2,220 1.0% 3.3%
Brockton $1,320 $1,640 -0.5% 1.5%
Quincy $1,480 $1,840 0.3% 0.2%
Newton $1,870 $2,320 2.4% 5.2%
Lawrence $1,360 $1,680 0.7% 4.6%
Somerville $1,670 $2,070 0.5% 1.8%
Framingham $1,510 $1,870 -0.1% 2.4%
Haverhill $1,230 $1,530 1.6% 7.1%
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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.