Somerville, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Somerville, Massachusetts rental market.
Somerville, Massachusetts
Average Apartment Rent
$3,474
Y-o-Y Change in Average
Apartment Rent
-1.9%
As of May 2026
Compared to a year ago, Somerville, Massachusetts apartments have recorded a -1.9% rent decrease.
Somerville, Massachusetts Average apartment rent trend
Somerville, Massachusetts Average Apartment Rent
Somerville, Massachusetts Apartment rent ranges
At 62.91%, apartments priced Over $3,000 represent the bulk of Somerville, Massachusetts rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.22%.
Somerville, Massachusetts Housing tenure**
Renters take up 66% of Somerville, Massachusetts real estate, occupying a total of 23,252 units, while homeowners live in 11,783 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$109,423
Average household size of renter-occupied housing units**
2.14
Rental vacancy rate**
1%
Somerville, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 8,497 rentals in Somerville, Massachusetts with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 488 units. Overall, the median number of rooms in Somerville, Massachusetts homes for rent is 4.2.
Somerville, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Somerville, Massachusetts are occupied by residents in the 25 - 34 years age group (42%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Somerville, Massachusetts Renter-occupied housing units by family type**
Somerville, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 6,184 apartments for rent in Somerville, Massachusetts, or 27% of all rentals are family households. Additionally, 11% of rental homes include children under the age of 18 – that’s 2,508 units. All in all, the median size of a renter-occupied household in Somerville, Massachusetts is 2.14.
Somerville, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 71% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Somerville, Massachusetts.
Somerville, Massachusetts Renter-occupied units by year structure built**
The highest share of Somerville, Massachusetts apartment rentals, namely 51% or 11,820 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (10%, 2,242 units), and the ones Built 2010 - 2019 (9%, 2,070 units).
Somerville, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Somerville, Massachusetts renters (38%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Somerville, Massachusetts condos for rent is 2018.
Somerville, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Somerville, Massachusetts renters have 1 vehicle available per household, 27% of them have No vehicle available, and 19% have 2 vehicles available.
Somerville, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Somerville, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Somerville, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
