$4,150 Per Month
- 2 Beds
- 1 Bath
- 920 Sq Ft
- Condo for Rent
31 Harold St Unit C, Somerville, MA 02143
31 Harold St Unit C, Somerville, MA 02143
Frequently Asked Questions
How much does it cost to rent a condo in Somerville, MA?
The median rent for a condo in Somerville, MA is $3,700 per month, though prices vary by neighborhood, size, and property type. As of May 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 Somerville, MA?
To comfortably afford the median rent in Somerville, MA, a household needs to earn roughly $154,000 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 $3,850 per month in Somerville, MA, renters typically need to show $11,550 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 Somerville, MA?
In Somerville, MA, the price-to-rent ratio is 19.7, 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 Somerville, MA are best for renting a condo?
The best neighborhood for renting in Somerville, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Magoun Square, South Medford, Ten Hills, Winter Hill and Porter Square, each with its own character and price range.
