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Home Massachusetts Somerville Apartments

Somerville 2 beds 2 baths - $5,000

Flexible Move-In Date
21 Photos
$5,000/mo
2 Beds
2 Baths
Available: Now
Somerville, MA
18 Loring Street, Somerville, MA 02143
Listing courtesy of Basema Shalhoub, Berkshire Hathaway HomeServices Commonwealth Real Estate

Amenities & Apartment Information

Unit

Pet Friendly
Furnished Apartment
In-Unit Laundry

Property Description

Location, Location, Spacious, Fully furnished ( Short Term 3-6 Months) Two BR Two Full bathrooms, Two living rooms, on two floors with a flexible floorplan including two separate living areas. The apartment is fully furnished. The unit is meticulously renovated with a modern touch, new baths, and kitchen (Fully Appliances), gleaming hardwood floors throughout, and an open floor plan on the second The 2nd floor comes equipped with its kitchenette and living room area. The apartment is perfect for privacy and features many period details and architecture, surrounded by a beautiful garden, Split System A/C, a washer/dryer in the unit, and car parking. 7 mins close distance to Porter (Red Line), Harvard University, and Harvard Law School, Step to Market Basket and close to Wholefoods, near to Green Line and Red Line ( Porter Sq.,) Bus to Lechmere & Davis Sq., walk to Union Sq., Won't Last!

Price Comparison

This apartment is above the average price of $3,019 for 2 bedroom apartments in Somerville. 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 about this great unit before it's gone!

Average Rent Prices for 2 Bedroom Apartments in Somerville

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$181,818 - $240,000

You + 1 Roommate, Each:

$100,000 - $120,000
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

$7,000

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Mid Range

25% of Gross Income

$5,000

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Low Range

15% of Gross Income

$3,000

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Have You Considered Buying
Your Own Home?

Instead of paying $5,000/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.