$7,500 Per Month
- 4 Beds
- 5 Baths
- 2,200 Sq Ft
- Apartment for Rent
123 Alexander Ave Unit 123, Belmont, MA 02478
123 Alexander Ave Unit 123, Belmont, MA 02478
Frequently Asked Questions
How much does it cost to rent a home in Belmont, MA?
The median rent for a home in Belmont, MA is $3,025 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Belmont, MA?
To comfortably afford the median rent in Belmont, MA, a household needs to earn roughly $121,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,025 per month in Belmont, MA, renters typically need to show $9,075 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Belmont, MA?
In Belmont, MA, the price-to-rent ratio is 39.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Belmont, MA are best for renting a home?
The best neighborhood for renting in Belmont, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Belmont Center, Belmont Hill, Waverley Square, Cushing Square and West Watertown, each with its own character and price range.
