Average Rent in 02138, Cambridge, MA

Current Versus Historical 02138, Cambridge, MA Rents

02138 rentals average $2,515 for a studio rental to $12,000 for a 4-bedroom rental. The median price of all currently available listings is $2,902, or roughly $4 per square feet.

For the apartment units and housing in June 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $2,722 (-98.57%) year-over-year from $2,762 to $40. 1-bedroom rentals prices have decreased by $275 (-10.19%) year-over-year from $2,700 to $2,425. 2-bedroom rentals prices have increased by $192 (5.46%) year-over-year from $3,508 to $3,700. 3-bedroom rentals prices have increased by $225 (4.79%) year-over-year from $4,700 to $4,925. 4-bedroom rentals prices have increased by $3,683 (37.52%) year-over-year from $9,817 to $13,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 97.96% this month. 1-bedroom rents have gone down by 4.90% this month. 2-bedroom rents have gone up by 1.83% this month. 3-bedroom rents have gone down by 6.64% this month. 4-bedroom rents have gone up by 25.00% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.26	$40	$2,762 (-98.57%)	$2,835 (-98.61%)
1 BR	$3.53	$2,425	$2,700 (-10.19%)	$2,367 (2.46%)
2 BR	$3.30	$3,700	$3,508 (5.46%)	$2,892 (27.95%)
4+ BR	$3.86	$13,500	$9,817 (37.52%)	$5,967 (126.26%)

Historical Rents in 02138, Cambridge, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02138

There are a total of 3 cities nearby 02138. The average rent in 02138 is currently $3,406 per month. Our records show that Brookline, MA, with an average rent of $3,200, is the most affordable city nearby. In contrast, the most expensive city near 02138, Cambridge, MA is Boston, MA. Monthly rents here are on average $3,693 per month.

Let's compare 02138, Cambridge, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02138, Cambridge, MA is 17.50% more affordable than other cities nearby. One bedrooms are about 12.41% more affordable. Two bedrooms in 02138, Cambridge, MA are about 5.43% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 02138, Cambridge, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Brookline, MA	$2,015	$2,600	$3,200	$3,200
Cambridge, MA	$2,955	$3,063	$3,768	$3,406
Boston, MA	$2,980	$3,525	$4,398	$3,693

Top Neighborhoods Near 02138

There are a total of 9 neighborhoods in or near 02138. Some of these neighborhoods include North Cambridge, East Cambridge, and Downtown Boston. We've included all of these top 9 neighborhoods in or near 02138, Cambridge, MA in the following chart.

The average rent for these 9 neighborhoods in or near 02138, Cambridge, MA is currently around $3,748 per month. Meaning, only nine neighborhoods have a higher average rent than $3,748. Interestingly, the neighborhoods' average rent is higher than 02138's average rent, which is only $2,902. Out of all the neighborhoods in or near 02138, North Cambridge has the most affordable average rent at $3,062 per month. Whereas, at $4,197 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near 02138. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Cambridge, Cambridge, MA	$2,814	$2,944	$3,547	$3,062
East Cambridge, Cambridge, MA	$3,060	$3,342	$4,403	$3,630
Downtown Boston, Boston, MA	$2,820	$3,364	$4,374	$3,650
South End, Boston, MA	$2,974	$3,543	$4,997	$3,709
West End, Boston, MA	$2,900	$3,585	$4,995	$3,748
Chinatown - Leather District, Boston, MA	$3,292	$3,600	$5,011	$3,791
D Street - West Broadway, Boston, MA	$3,250	$3,703	$4,827	$3,942
Kendall Square, Cambridge, MA	$3,123	$3,990	$4,660	$4,041
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$3,495	$4,127	$5,219	$4,197

Top Counties Near 02138

There are a total of 9 counties located by 02138, Cambridge, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,406. That's roughly around $4 per sqft. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,200. Vice versa, with an average rent of $3,693, Boston, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 17.50% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 12.41% more affordable than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 5.43% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Brookline, MA	$2,015	$2,600	$3,200	$3,200
Cambridge, MA	$2,955	$3,063	$3,768	$3,406
Boston, MA	$2,980	$3,525	$4,398	$3,693

Top Zipcodes Near 02138

There are a total of 11 zipcodes in or near 02138, Cambridge, MA. The average rent for all of these zipcodes is $3,603.

The following chart includes the top 10 zipcodes in 02138, Cambridge, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02114, Boston, MA	$2,820	$3,415	$4,425	$3,710
02210, Boston, MA	$3,240	$3,700	$4,855	$3,924
02118, Boston, MA	$2,974	$3,545	$4,997	$3,825
02215, Boston, MA	$2,998	$4,117	$5,294	$4,157
02116, Boston, MA	$2,835	$3,515	$4,940	$3,603
02142, Cambridge, MA	$3,060	$3,880	$4,473	$4,035
02135, Boston, MA	$2,573	$2,400	$3,200	$3,313
02140, Cambridge, MA	$2,814	$2,944	$3,534	$3,085
02134, Boston, MA	$3,199	$2,810	$3,850	$3,434
02141, Cambridge, MA	$3,042	$3,630	$4,427	$3,404

Frequently Asked Questions - 02138 Average Rents

What is the average rent price in 02138, Cambridge, MA?

The average monthly rental price for 02138, Cambridge, MA apartments for rent is approximately $2,902. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 02138, Cambridge, MA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 02138, Cambridge, MA.

How much is a studio apartment in 02138, Cambridge, MA?

The average monthly rental price for studio apartments is $2,515 and an average price per square feet of $4.26. There are a total of 5 studio apartment listings currently available for rent in 02138.

How much is a one bedroom apartment in 02138, Cambridge, MA?

The average monthly rental price for one bedroom apartments is $2,725 and an average price per square feet of $3.53. There are a total of 26 one bedroom apartment listings currently available for rent in 02138.

How much is a two bedroom apartment in 02138, Cambridge, MA?

The average monthly rental price for two bedroom apartments is $3,574 and an average price per square feet of $3.30. There are a total of 23 two bedroom apartment listings currently available for rent in 02138.

How have rent prices in 02138, Cambridge, MA changed this year?

Rent prices for rentals in 02138, Cambridge, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.99%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 02138, Cambridge, MA?

A reasonable rent price in 02138, Cambridge, MA is around $2,321/month. You can search for these reasonably priced rental listings on RentHop.