ZIP Code · MA

ZIP 02120

Part of Boston, MA
Pop. 15,283·Suffolk County·9th most expensive ZIP in Massachusetts
Median rent (all units)
$3,743/mo
Year-over-Year
+1.3%
Month-over-Month
-1.4%
vs US Median
+$1,811
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02120 · $3,743
More expensive than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,290
1 BR
$2,410
2 BR
$2,860
3 BR
$3,430
4 BR+
$3,790
Research median
$2,860/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

September. Asking rents in ZIP 02120 usually run 3.8% below trend in September and 3.6% above it in January, about $277 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 02120 is 2% below its high of $3,820 in December 2025, at $3,743 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 02120 changed +1.3% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 02120 rose 42.3% while median household income rose 67.9% ($38,300 to $64,289). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 02120 is 48.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($64,289) is $1,607 a month. That is less than HUD's Fair Market Rent for a studio ($2,290).

Rank in Boston

20th cheapest of 25 ZIP codes in Boston.

Cheaper nearby

ZIP 02115, 1 mile away, rents for 15% less ($3,185/mo), about $6,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02120. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$44,916/yr
At $3,743/mo median
Location
CityBoston
StateMA
CountySuffolk County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.3% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 02120 (Boston, MA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 45.7% of residents hold a bachelor's degree or higher.

Population
15,283
Median income
$64,289
Median age
23.6
Renters
90.8%
Age distribution
64%
13.1%
Under 188.7%
18–3464%
35–5413.1%
55–647.7%
65+6.5%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
38.7%
17.2%
20.4%
20.4%
White38.7%
Black17.2%
Hispanic20.4%
Asian20.4%
Other3.3%
Education (25+)
20.2%
16.4%
17.6%
45.7%
No HS diploma20.2%
HS diploma16.4%
Some college17.6%
Bachelor's+45.7%
Housing tenure
90.8%
Owner9.2%
Renter90.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 02120 in Boston, MA has changed in 5 years

Rent
$2,582 → $3,743
up 45.0%
Income
$50,728 → $64,289
up 26.7%
Population
15,082 → 15,283
up 1.3%
Renter share
90.4% → 90.8%
+0.4 pts
Bachelor's+
42.2% → 45.7%
+3.5 pts

Compared with 2021, rent in ZIP 02120 in Boston, MA has climbed by $1,161 per month, settling near $3,743 after starting the period at $2,582. Median household income grew from $50,728 to $64,289 between 2021 and 2024, a 26.7% shift. Rent outpaced income growth by roughly 18.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 15,082 to 15,283 between 2021 and 2024, a 1.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 42.2% to 45.7%. Taken together, the five-year picture in ZIP 02120 in Boston, MA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 02120

Last updated: October 17, 2026

ZIP code 02120 covers Boston, MA. The median rent here is $3,743/mo as of October 2026. A 1-bedroom rents for a median of $2,410/mo. A 2-bedroom rents for a median of $2,860/mo.

At 70% of local median household income ($64,289/yr), ZIP 02120 ranks as expensive compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02120?

To keep rent at or below 30% of gross income, you would need to earn at least $150,000/year (about $72/hour full-time) to afford the median rent of $3,743/mo in ZIP 02120. The local median household income is $64,289/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02120?

Rent in ZIP 02120 has risen 1.3% over the past year as of September 2026. It sits 2% below its high of $3,820 in December 2025.

When is the cheapest time to rent in ZIP 02120?

Asking rents in ZIP 02120 are usually lowest in September, about 3.8% below their yearly trend, and highest in January, about 3.6% above it. At today's median that is a gap of roughly $277 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 02120?

No. From 2019 to 2024, rent in ZIP 02120 rose 42.3% while median household income rose 67.9%, from $38,300 to $64,289. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 02120 compare to other ZIPs in Massachusetts?

ZIP 02120 is one of the pricier among Massachusetts ZIP codes for rent, ranking #9 of 164 at $3,743/mo. Over the year to September 2026, rent in ZIP 02120 changed +1.3%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.

How does ZIP 02120 compare to the rest of Boston?

At $3,743/mo, ZIP 02120 is $472 above the Boston citywide median of $3,271/mo. It is the 20th cheapest of 25 ZIP codes in Boston.
Income Affordability
70%
EXPENSIVE

At $3,743/mo, rent takes ~70% of ZIP 02120's median household income ($64,289/yr). The standard benchmark is 30%.

ZIP 02120 70%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02120 (Boston, MA)

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