Apartments for Rent in Prospect Hill, Somerville, MA

Prospect Hill, Somerville apartment availability

Prospect Hill's rental market offers a good selection of listings, with an average of 52 rentals available each month in 2024. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and studio apartments, as well as some 3-bedroom options. Many of these apartments feature desirable amenities, including hardwood floors, found in over 56% of listings. Additionally, pet owners will appreciate that over 51% of apartments in Prospect Hill allow pets, making it a great option for those with furry friends.

Prospect Hill, Somerville rental market trends

The Prospect Hill neighborhood in Somerville saw a decline in average rent prices over the past year, with a 4.9% decrease to $3,067 per month. Breaking it down by bedroom count, 1-bedrooms are renting for an average of $2,676, a slight 0.9% increase from the previous year. In contrast, 2-bedrooms experienced a 9.9% decrease to $3,163, while 3-bedrooms saw a 7.1% decrease to $3,519. Studio apartments, on the other hand, saw a 3.2% increase to $2,214.

The rental market in Prospect Hill tends to fluctuate throughout the year, with April typically seeing the highest rent prices, 39% higher than January, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition during the spring months. Conversely, if you're flexible with your move-in date, January may offer more affordable options, with prices significantly lower than in April. Keep in mind that the rental market can be unpredictable, and prices may vary depending on the specific location, amenities, and time of year.

Why Prospect Hill, Somerville is a great place to live

Prospect Hill is a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, apartments in this neighborhood often feature eco-friendly amenities such as non-toxic paint, sustainable materials, and low-flow fixtures. The area's high walk score and proximity to parks and recreation spaces also support an environmentally conscious lifestyle. Additionally, Prospect Hill's strong transit score, walk score, and diverse neighborhood age distribution make it an ideal location for renters seeking a vibrant social scene. With its emphasis on community solar projects and waste recycling, Prospect Hill offers a unique blend of eco-friendliness and social connectivity, making it a standout neighborhood in Somerville.