$4,000 Per Month
- 3 Beds
- 1 Bath
- 1,800 Sq Ft
- Apartment for Rent
51 Algonquin Rd Unit 1, Chestnut Hill, MA 02467
51 Algonquin Rd Unit 1, Chestnut Hill, MA 02467
Frequently Asked Questions
How much does it cost to rent a home in Newton, MA?
The median rent for a home in Newton, MA is $3,597 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Newton, MA?
To comfortably afford the median rent in Newton, MA, a household needs to earn roughly $143,880 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 $3,597 per month in Newton, MA, renters typically need to show $10,791 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 Newton, MA?
In Newton, MA, the price-to-rent ratio is 37.8, 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 Newton, MA are best for renting a home?
The best neighborhood for renting in Newton, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Newton Highlands, Newton Centre, Newtonville, Waban and Thompsonville, each with its own character and price range.
