Porter Square, Somerville, MA
3 Beds
2 Baths
Available: 09/01/2024
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$4,750/mo

Amenities & Apartment Information

Unit

Pet Friendly
In-Unit Laundry
Granite Countertops
Stainless Steel Appliances

Property Description

Available for a 12-month lease beginning 9/1/24. Condo quality 3 bed, 2 bath between Porter and Union Squares. Updated kitchen with high quality cabinetry, granite countertops, GE Profile stainless steel appliances and a large island open to the dining/living area. Apartment features 3 big bedrooms (one with on-suite master bath), high quality main bathroom, in-unit laundry, lots of closet space and lockable basement storage for rent. Other features include hardwood floors, Italian ceramic floors in bathrooms, dishwasher/disposal, LED lighting, and a high efficiency central air system with AC. Shared rear yard and lockable bike storage shed. Tenant responsible for all utilities, including sub-metered water/sewer. No dogs.

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Price Comparison

This apartment is above the average price of $3,733 for 3 bedroom apartments in Somerville. An above average rent can often be attributed to the amenities an apartment provides, as well as its condition, size, and location. Those are important factors to consider as you are searching for the perfect apartment. Use the contact form to schedule a showing or request a rental application. This listing may not last much longer.

Average Rent Prices for 3 Bedroom Apartments in Somerville

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$190,000 - $228,000
You + 2 Roommates, Each:
$63,333 - $76,000
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$6,650

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Mid Range

25% of Gross Income

$4,750

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Low Range

15% of Gross Income

$2,850

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Have You Considered Buying Your Own Home?

Instead of paying $4,750/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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