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You are here:
Home Massachusetts Boston Back Bay Apartments

Back Bay 1 beds 1 baths Boston - $3,350

Available: 06-01-2024
16 Photos
$3,350/mo
1 Bed
1 Bath
Available: 06/01/2024
Back Bay, Boston, MA
416 Commonwealth Ave, Boston, MA 02215
Listing courtesy of Brian Caluori, Gibson Sotheby's International Realty

Amenities & Apartment Information

Building

Pool

Property Description

Welcome home to one of Commonwealth Avenue's most coveted addresses. The Somerset is a historical landmark hotel that was converted to condos but has kept the historical charms with modern amenities such as gym, in-ground seasonal pool and 24 hour concierge. The apartment boasts over 600 sq with open concept kitchen and living room. The bedroom is spacious and has generous closet space. Heat and hot water are included as well as all furnishings. Sorry, no pets or undergraduate students.

Price Comparison

This apartment is above the average price of $3,164 for 1 bedroom apartments in Back Bay. The unit includes some utilities. If you consider the cost of paying for these utilities separately, you may find that having them included in the rent saves you money. The other amenities this apartment offers, along with its condition, location, and size, can also contribute to the above average rent price. Reach out to our agent to schedule a showing or request a rental application.

Average Rent Prices for 1 Bedroom Apartments in Back Bay

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$121,818 - $160,800
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

$4,690

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Mid Range

25% of Gross Income

$3,350

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Low Range

15% of Gross Income

$2,010

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Have You Considered Buying
Your Own Home?

Instead of paying $3,350/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 7.242% interest, 20% down payment, $120/mo homeowners insurance, and the average property tax rate of 10.90 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.