Average Rent in 02138, Cambridge, MA

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Current Versus Historical 02138, Cambridge, MA Rents

02138 rentals average $2,515 for a studio rental to $7,000 for a 4-bedroom rental. The median price of all currently available listings is $3,300, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $182 (8.41%) year-over-year from $2,168 to $2,350. 1-bedroom rentals prices have increased by $150 (5.66%) year-over-year from $2,650 to $2,800. 2-bedroom rentals prices have increased by $173 (4.91%) year-over-year from $3,527 to $3,700. 3-bedroom rentals prices have increased by $67 (1.49%) year-over-year from $4,483 to $4,550. 4-bedroom rentals prices have decreased by $1,200 (-12.83%) year-over-year from $9,350 to $8,150. 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 24.92% this month. 1-bedroom rents have gone up by 1.51% this month. 2-bedroom rents have gone down by 0.89% this month. 3-bedroom rents have gone down by 3.07% this month. 4-bedroom rents have gone up by 1.66% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.69 $2,350 $2,168 (8.41%) $2,261 (3.96%)
1 BR $3.81 $2,800 $2,650 (5.66%) $2,242 (24.91%)
2 BR $3.39 $3,700 $3,527 (4.91%) $2,767 (33.73%)
3 BR $4.02 $4,550 $4,483 (1.49%) $3,917 (16.17%)
4+ BR $4.00 $8,150 $9,350 (-12.83%) $5,333 (52.81%)

Historical Rents in 02138, Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02138

There are a total of 7 cities nearby 02138. The average rent in 02138 is currently $3,643 per month. Only one city nearby has an average rent lower than that. Our records show that Waltham, MA, with an average rent of $2,889, is the most affordable city nearby. In contrast, the most expensive city near 02138, Cambridge, MA is Newton, MA. Monthly rents here are on average $4,100 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 18.49% more expensive than other cities nearby. One bedrooms are about 0.16% more expensive. Two bedrooms in 02138, Cambridge, MA are about 3.30% more affordable. Finally, rent for three bedrooms are about 12.50% more expensive. Want more information? Check out the top 7 cities near 02138, Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Waltham, MA $1,350 $2,500 $3,000 $2,889
Cambridge, MA $2,875 $2,995 $3,743 $3,500
Medford, MA N/A $2,698 $2,800 $3,500
Boston, MA $2,750 $3,400 $3,978 $3,643
Somerville, MA $2,125 $2,738 $3,695 $3,900
Brookline, MA $2,050 $3,000 $3,700 $4,000
Newton, MA $1,775 $2,550 $3,150 $4,100

Top Neighborhoods Near 02138

There are a total of 20 neighborhoods in or near 02138. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and North End. We've included all of these top 20 neighborhoods in or near 02138, Cambridge, MA in the following chart.

The average rent for these 20 neighborhoods in or near 02138, Cambridge, MA is currently around $3,700 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only eighteen neighborhoods have a higher average rent than $3,700. Interestingly, the neighborhoods' average rent is higher than 02138's average rent, which is only $3,300. Out of all the neighborhoods in or near 02138, North Cambridge has the most affordable average rent at $3,134 per month. Whereas, at $4,500 average rent per month, Back Bay 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 $2,953 $3,572 $3,134
Central Maverick Square - Paris Street, Boston, MA $2,418 $3,000 $3,400 $3,200
North End, Boston, MA $2,400 $3,250 $4,650 $3,500
Beacon Hill, Boston, MA $2,300 $3,675 $3,500 $3,500
Uphams Corner - Jones Hill, Boston, MA N/A $2,175 $2,850 $3,525
West End, Boston, MA $2,913 $3,320 $4,870 $3,546
South End, Boston, MA $3,006 $3,400 $4,495 $3,568
East Cambridge, Cambridge, MA $3,047 $3,350 $4,300 $3,600
Columbia Point, Boston, MA $150 $2,778 $2,800 $3,600
St. Elizabeth's, Boston, MA $2,150 $2,350 $3,598 $3,600
Coolidge Corner, Brookline, MA $2,050 $3,000 $3,450 $3,800
North Allston, Boston, MA $3,199 $3,523 $4,743 $3,818
Downtown Boston, Boston, MA $2,843 $3,443 $4,533 $3,865
Commonwealth, Boston, MA $1,900 $2,300 $3,000 $3,900
Chinatown - Leather District, Boston, MA $3,232 $3,600 $5,550 $3,928
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,550 $3,931 $4,658 $4,000
Kendall Square, Cambridge, MA $3,123 $3,936 $4,606 $4,005
D Street - West Broadway, Boston, MA $3,240 $3,819 $4,698 $4,161
Mission Hill, Boston, MA N/A $2,800 $3,375 $4,400
Back Bay, Boston, MA $2,350 $3,528 $5,714 $4,500

Top Counties Near 02138

There are a total of 20 counties located by 02138, Cambridge, MA. Some of these counties include Waltham, MA, Cambridge, MA, and Medford, MA. The average rent for rentals in these counties is $3,643. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Waltham, MA. It's average rent per month is $2,889. Vice versa, with an average rent of $4,100, Newton, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 18.49% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 0.16% more expensive than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 3.30% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.
County Studio 1 Bed 2 Bed All
Waltham, MA $1,350 $2,500 $3,000 $2,889
Cambridge, MA $2,875 $2,995 $3,743 $3,500
Medford, MA N/A $2,698 $2,800 $3,500
Boston, MA $2,750 $3,400 $3,978 $3,643
Somerville, MA $2,125 $2,738 $3,695 $3,900
Brookline, MA $2,050 $3,000 $3,700 $4,000
Newton, MA $1,775 $2,550 $3,150 $4,100

Top Zipcodes Near 02138

There are a total of 28 zipcodes in or near 02138, Cambridge, MA. The average rent for all of these zipcodes is $3,633. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02149, Everett, MA at $2,600 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,500. 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 02138, Cambridge, MA is $2,874 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,713 per month. Which comes out to $4 per sqft. 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 $2,738 $3,395 $4,228 $3,665
02210, Boston, MA $3,240 $3,819 $5,000 $4,104
02127, Boston, MA $2,700 $3,150 $3,725 $4,000
02118, Boston, MA $3,003 $3,385 $4,590 $3,590
02215, Boston, MA $2,388 $4,072 $4,566 $3,883
02116, Boston, MA $2,835 $3,530 $5,530 $4,039
02142, Cambridge, MA $3,135 $3,635 $4,383 $3,908
02135, Boston, MA $2,500 $2,897 $3,200 $3,500
02128, Boston, MA $2,500 $2,798 $3,300 $3,200
02140, Cambridge, MA $2,627 $2,943 $3,603 $3,355

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 $3,300. 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 $4.69. There are a total of 7 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 $2,742 and an average price per square feet of $3.81. There are a total of 42 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 $3,577 and an average price per square feet of $3.39. There are a total of 39 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 0.08%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 02138, Cambridge, MA?
A reasonable rent price in 02138, Cambridge, MA is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.
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