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You are here:
Home Massachusetts Boston Back Bay Apartments

Back Bay 1 beds 1 baths Boston - $3,750

Flexible Move-In Date
17 Photos
$3,750/mo
1 Bed
1 Bath
Available: Now
Back Bay, Boston, MA
501 Beacon, Boston, MA 02215
Listing courtesy of Cudmore and Associates, Century 21 North East

Amenities & Apartment Information

Unit

Pet Friendly

Property Description

DEEDED PARKING SPACE with the opportunity to own an updated second-floor, one-bedroom condo in Back Bay, ample closet space, and a modern kitchen with NEW APPLIANCES installed in 2024 and bathroom remodel done (2022). This unit boasts high ceilings, newly polished hardwood floors, and brand new bay windows in the living room. Ready for immediate move-in, you'll enjoy convenient access to all the city amenities. The building is professional managed and offers laundry in the lower level. This would be a great investment property or owner occupy to build equity as the school year is right around the corner. A short walk to BU, MIT, and the Longwood Medical area. It's close to the T, shopping, and has excellent access to Storrow Drive, I-93, and the Mass Pike.

Price Comparison

This apartment is above the average price of $3,101 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. Contact us today before this great unit is rented!

Average Rent Prices for 1 Bedroom Apartments in Back Bay

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$136,364 - $180,000
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

$5,250

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Mid Range

25% of Gross Income

$3,750

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Low Range

15% of Gross Income

$2,250

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Hidden

Have You Considered Buying
Your Own Home?

Instead of paying $3,750/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 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.