Rentable.co has 2 apartments available for rent in 02478.
The average rent for an apartment in 02478 is around $2,890 per month.
Welcome to the April 2024 Belmont Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Belmont rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Belmont and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Belmont average rent prices in the chart below.
Belmont rent prices increased over the last month. From March to April, the city experienced a 4.64% increase for the price of a one-bedroom apartment. The rent price for a Belmont one-bedroom apartments currently stands at $1,850.0.
When we take a look at the two-bedroom comparison from March to April, Belmont experienced a -0.51% decrease for the price of a two-bedroom apartment. The rent price for a Belmont two-bedroom apartments currently stands at $2,542.0.
Rent prices have increased in Belmont over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Belmont suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Belmont suburbs
Rents did not decrease in any of the Belmont suburbs.
Rent growth in Belmont over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Belmont average rent prices appear to be relatively affordable for local residents.
The price for a Belmont one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Belmont and surrounding area rent prices, take a look at the complete data set below.
| 1 BR April | 1 BR M/M % Change | 2 BR April | 2 BR M/M % Change |
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Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.