Average Rent in Cambridge, MA

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Current Versus Historical Cambridge, MA Rents

Cambridge rentals average $2,730 for a studio rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $3,550, or roughly $4 per square feet.
For the apartment units and housing in September 2024, median rents have risen over the last year. Studio rentals prices have increased by $1,197 (68.02%) year-over-year from $1,759 to $2,956. 1-bedroom rentals prices have increased by $243 (8.49%) year-over-year from $2,858 to $3,100. 2-bedroom rentals prices have increased by $200 (5.88%) year-over-year from $3,400 to $3,600. 3-bedroom rentals prices have decreased by $258 (-5.76%) year-over-year from $4,483 to $4,225. 4-bedroom rentals prices have increased by $867 (16.88%) year-over-year from $5,133 to $6,000. 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 up by 6.20% this month. 1-bedroom rents have gone up by 4.20% this month. 2-bedroom rents have gone down by 1.82% this month. 3-bedroom rents have gone down by 3.80% this month. 4-bedroom rents have gone up by 11.80% this month.
Beds
Price / Sqft
Sep 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.89 $2,956 $1,759 (68.02%) $2,357 (25.43%)
1 BR $4.67 $3,100 $2,858 (8.49%) $2,522 (22.93%)
2 BR $3.80 $3,600 $3,400 (5.88%) $3,033 (18.68%)
3 BR $3.27 $4,225 $4,483 (-5.76%) $3,367 (25.50%)
4+ BR $3.08 $6,000 $5,133 (16.88%) $4,117 (45.75%)

Historical Rents in Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Cambridge

There are a total of 11 cities nearby Cambridge. The average rent in Cambridge is currently $3,000 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Cambridge, MA is Newton, MA. Monthly rents here are on average $3,950 per month.

Let's compare Cambridge, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Cambridge, MA is 27.66% more expensive than other cities nearby. One bedrooms are about 18.33% more expensive. Two bedrooms in Cambridge, MA are about 19.44% more expensive. Finally, rent for three bedrooms are about 12.18% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Chelsea, MA $1,575 $2,175 $2,700 $2,500
Malden, MA $2,115 $2,125 $2,998 $2,780
Medford, MA N/A $2,350 $2,700 $3,000
Arlington, MA N/A $2,298 $2,900 $3,000
Waltham, MA $100 $2,550 $2,800 $3,000
Watertown Town, MA N/A $2,650 $2,900 $3,045
Somerville, MA $2,250 $2,800 $3,000 $3,200
Boston, MA $2,350 $2,900 $3,400 $3,350
Brookline, MA $2,300 $2,825 $3,700 $3,550
Newton, MA $2,175 $2,325 $2,800 $3,950

Top Neighborhoods Near Cambridge

There are a total of 13 neighborhoods in or near Cambridge. Some of these neighborhoods include Commonwealth, Columbia Point, and St. Elizabeth's. We've included all of these top 13 neighborhoods in or near Cambridge, MA in the following chart.

The average rent for these 13 neighborhoods in or near Cambridge, MA is currently around $3,300 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $3,300. Out of all the neighborhoods in or near Cambridge, Commonwealth has the most affordable average rent at $2,700 per month. Whereas, at $4,350 average rent per month, Downtown Boston is the most expensive neighborhood in or near Cambridge. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Commonwealth, Boston, MA $1,800 $2,300 $3,200 $2,700
Columbia Point, Boston, MA N/A $2,650 $2,800 $3,000
St. Elizabeth's, Boston, MA $170 $2,200 $3,075 $3,000
Oak Square, Boston, MA $1,050 N/A $2,798 $3,200
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,600 $2,850 $4,600 $3,250
Beacon Hill, Boston, MA $2,300 $2,950 $3,925 $3,250
Coolidge Corner, Brookline, MA $2,395 $2,850 $3,850 $3,300
East Cambridge, Cambridge, MA $3,123 $3,525 $4,035 $3,650
North End, Boston, MA N/A $3,000 $3,750 $3,650
South End, Boston, MA $2,125 $3,500 $4,750 $3,845
Back Bay, Boston, MA $2,425 $3,100 $5,500 $3,887
D Street - West Broadway, Boston, MA $2,500 $3,595 $4,050 $4,000
Downtown Boston, Boston, MA $3,095 $3,925 $5,300 $4,350

Top Counties Near Cambridge

There are a total of 13 counties located by Cambridge, MA. Some of these counties include Chelsea, MA, Malden, MA, and Medford, MA. The average rent for rentals in these counties is $3,023. That's roughly around $3 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,500. Vice versa, with an average rent of $3,950, Newton, MA is the most expensive county by Cambridge, MA.

Typically, rent for studios in Cambridge, MA is 25.09% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Cambridge, MA is 16.67% more expensive than other counties nearby. Finally, rent for two bedrooms in Cambridge, MA is 19.44% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,575 $2,175 $2,700 $2,500
Malden, MA $2,115 $2,125 $2,998 $2,780
Medford, MA N/A $2,350 $2,700 $3,000
Arlington, MA N/A $2,298 $2,900 $3,000
Watertown Town, MA N/A $2,650 $2,900 $3,045
Somerville, MA $2,250 $2,800 $3,000 $3,200
Boston, MA $2,350 $2,900 $3,400 $3,350
Cambridge, MA $2,730 $3,000 $3,600 $3,550
Brookline, MA $2,300 $2,825 $3,700 $3,550
Newton, MA $2,175 $2,325 $2,800 $3,950

Top Zipcodes Near Cambridge

There are a total of 29 zipcodes in or near Cambridge, MA. The average rent for all of these zipcodes is $3,239. A total of 21 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02150, Chelsea, MA at $2,500 per month. In comparison, the zipcode with the most expensive average rent of $4,000 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $1,900. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Cambridge, MA is $2,697 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in 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 $2,885 $3,600 $4,425 $3,800
02127, Boston, MA $425 $2,750 $3,700 $3,700
02118, Boston, MA $1,900 $3,533 $4,713 $3,845
02215, Boston, MA $2,550 $2,850 $4,750 $3,200
02116, Boston, MA $2,475 $2,950 $5,450 $4,000
02135, Boston, MA $1,725 $2,350 $2,900 $3,010
02142, Cambridge, MA $3,268 $3,772 $4,550 $3,992
02128, Boston, MA $2,150 $2,400 $3,000 $2,995
02138, Cambridge, MA $2,600 $2,888 $3,600 $3,400
02134, Boston, MA $1,838 $2,695 $3,250 $3,239

Frequently Asked Questions - Cambridge Average Rents

What is the average rent price in Cambridge, MA?
The average monthly rental price for Cambridge, MA apartments for rent is approximately $3,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Cambridge, MA.
How much is a studio apartment in Cambridge, MA?
The average monthly rental price for studio apartments is $2,730 and an average price per square feet of $5.89. There are a total of 27 studio apartment listings currently available for rent in Cambridge.
How much is a one bedroom apartment in Cambridge, MA?
The average monthly rental price for one bedroom apartments is $3,000 and an average price per square feet of $4.67. There are a total of 85 one bedroom apartment listings currently available for rent in Cambridge.
How much is a two bedroom apartment in Cambridge, MA?
The average monthly rental price for two bedroom apartments is $3,600 and an average price per square feet of $3.80. There are a total of 147 two bedroom apartment listings currently available for rent in Cambridge.
How have rent prices in Cambridge, MA changed this year?
Rent prices for rentals in Cambridge, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.68%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.06% year-over-year.
What is a reasonable rent price in Cambridge, MA?
A reasonable rent price in Cambridge, MA is around $2,840/month. You can search for these reasonably priced rental listings on RentHop.
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