Average Rent in 02138, Cambridge, MA

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Current Versus Historical 02138, Cambridge, MA Rents

02138 rentals average $2,500 for a studio rental to $9,650 for a 4-bedroom rental. The median price of all currently available listings is $3,700, or roughly $52 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $384 (-12.67%) year-over-year from $3,034 to $2,650. 1-bedroom rentals prices have decreased by $92 (-3.09%) year-over-year from $2,967 to $2,875. 2-bedroom rentals prices have decreased by $8 (-0.21%) year-over-year from $3,908 to $3,900. 3-bedroom rentals prices have increased by $763 (16.71%) year-over-year from $4,563 to $5,325. 4-bedroom rentals prices have decreased by $1,575 (-19.26%) year-over-year from $8,175 to $6,600. 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 3.92% this month. 1-bedroom rents have gone down by 2.13% this month. 2-bedroom rents have gone up by 0.43% this month. 3-bedroom rents have gone up by 6.32% this month. 4-bedroom rents have gone down by 22.66% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$74.61	$2,650	$3,034 (-12.67%)	$2,361 (12.25%)
1 BR	$59.02	$2,875	$2,967 (-3.09%)	$2,691 (6.84%)
2 BR	$49.37	$3,900	$3,908 (-0.21%)	$3,425 (13.87%)
3 BR	$51.39	$5,325	$4,563 (16.71%)	$4,517 (17.90%)
4+ BR	$48.38	$6,600	$8,175 (-19.26%)	$7,667 (-13.91%)

Historical Rents in 02138, Cambridge, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02138

There are a total of 16 cities nearby 02138. The average rent in 02138 is currently $3,250 per month. A total of 11 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 02138, Cambridge, MA is Lexington, MA. Monthly rents here are on average $5,325 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 23.25% more expensive than other cities nearby. One bedrooms are about 13.79% more expensive. Two bedrooms in 02138, Cambridge, MA are about 23.08% more expensive. Finally, rent for three bedrooms are about 28.53% more expensive. Want more information? Check out the top 10 cities out of 16 total cities near 02138, Cambridge, MA in the following table.

City	Studio	1 Bed	2 Bed	All
Everett, MA	$1,800	$2,100	$2,500	$2,600
Malden, MA	$1,800	$2,100	$2,573	$2,800
Watertown Town, MA	$2,000	$2,400	$3,000	$3,200
Arlington, MA	$2,175	$2,500	$2,900	$3,200
Medford, MA	$1,950	$2,450	$3,100	$3,300
Somerville, MA	$2,350	$2,725	$3,300	$3,600
Belmont, MA	N/A	$2,500	$3,000	$3,800
Brookline, MA	$2,413	$3,000	$3,950	$3,800
Cambridge, MA	$2,500	$3,000	$3,900	$3,895
Newton, MA	$1,888	$2,500	$3,173	$4,275

Top Neighborhoods Near 02138

There are a total of 47 neighborhoods in or near 02138. Some of these neighborhoods include South Side, St. Elizabeth's, and Commonwealth. We've included the top 30 neighborhoods out of 47 total neighborhoods in or near 02138, Cambridge, MA in the following table.

The average rent for these 30 neighborhoods in or near 02138, Cambridge, MA is currently around $3,575 per month. A total of 30 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than 02138's average rent, which is actually $3,700. Out of all the neighborhoods in or near 02138, Glendale has the most affordable average rent at $2,600 per month. Whereas, at $4,903 average rent per month, Downtown Boston is the most expensive neighborhood in or near 02138. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Side, Waltham, MA	$2,000	$2,350	$3,000	$2,950
St. Elizabeth's, Boston, MA	$2,050	$2,495	$3,150	$2,950
Commonwealth, Boston, MA	$2,050	$2,350	$2,965	$3,000
Central Maverick Square - Paris Street, Boston, MA	$2,138	$2,700	$2,995	$3,095
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,450	$2,875	$3,950	$3,200
Mid-Cambridge, Cambridge, MA	$2,500	$2,825	$3,625	$3,225
Beacon Hill, Boston, MA	$2,500	$3,175	$3,800	$3,275
East Watertown, Watertown Town, MA	$2,000	$2,395	$3,150	$3,325
Brookline Village, Brookline, MA	$2,425	$3,000	$3,600	$3,333
Back Bay, Boston, MA	$2,500	$3,300	$4,625	$3,350
Oak Square, Boston, MA	$2,488	$2,400	$2,975	$3,450
Columbia Point, Boston, MA	$2,275	$3,000	$3,350	$3,500
South Medford, Medford, MA	N/A	$2,900	$3,000	$3,575
North Allston, Boston, MA	$2,550	$3,095	$4,150	$3,600
Neighborhood Nine, Cambridge, MA	$1,325	$3,200	$3,963	$3,600
North End, Boston, MA	$2,625	$2,950	$3,600	$3,600
Coolidge Corner, Brookline, MA	$2,500	$2,955	$4,000	$3,700
East Cambridge, Cambridge, MA	$3,305	$3,325	$4,191	$3,750
West End, Boston, MA	$2,835	$3,675	$4,800	$3,770
South End, Boston, MA	$2,500	$3,600	$4,550	$3,800
Columbus Park - Andrew Square, Boston, MA	N/A	$3,250	$3,650	$3,900
Riverside, Cambridge, MA	$2,000	$3,200	$3,950	$3,900
Wellington - Harrington, Cambridge, MA	N/A	$2,550	$3,350	$3,900
Mission Hill, Boston, MA	$1,785	$2,650	$3,350	$3,925
Washington Square, Brookline, MA	$2,125	$3,000	$3,775	$4,000
D Street - West Broadway, Boston, MA	$3,200	$3,400	$4,400	$4,163
Cambridgeport, Cambridge, MA	$2,450	$3,000	$4,000	$4,350
City Point, Boston, MA	$1,650	$3,300	$4,275	$4,400
Telegraph Hill, Boston, MA	$2,450	$3,000	$4,175	$4,500
Downtown Boston, Boston, MA	$2,900	$3,695	$5,586	$4,903

Top Counties Near 02138

There are a total of 16 counties located by 02138, Cambridge, MA. Some of these counties include Everett, MA, Malden, MA, and Watertown Town, MA. The average rent for rentals in these counties is $3,250. That's roughly around $34 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. Its average rent per month is $2,500. Vice versa, with an average rent of $5,325, Lexington, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 23.25% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 13.79% more expensive than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 23.08% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Everett, MA	$1,800	$2,100	$2,500	$2,600
Malden, MA	$1,800	$2,100	$2,573	$2,800
Watertown Town, MA	$2,000	$2,400	$3,000	$3,200
Arlington, MA	$2,175	$2,500	$2,900	$3,200
Medford, MA	$1,950	$2,450	$3,100	$3,300
Somerville, MA	$2,350	$2,725	$3,300	$3,600
Belmont, MA	N/A	$2,500	$3,000	$3,800
Brookline, MA	$2,413	$3,000	$3,950	$3,800
Cambridge, MA	$2,500	$3,000	$3,900	$3,895
Newton, MA	$1,888	$2,500	$3,173	$4,275

Top Zipcodes Near 02138

There are a total of 20 zipcodes in or near 02138, Cambridge, MA. The average rent for all of these zipcodes is $3,350. A total of 15 zipcodes have an 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 $4,450 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,125. That's at least $61 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 $2,768 per month. Or in other words, $53 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,550 per month. Which comes out to $44 per sqft. The following table 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
02135, Boston, MA	$2,100	$2,450	$3,000	$3,125
02127, Boston, MA	$1,975	$3,050	$4,000	$4,300
02215, Boston, MA	$2,300	$2,908	$4,000	$3,200
02128, Boston, MA	$2,200	$2,535	$3,000	$3,048
02116, Boston, MA	$2,650	$3,400	$5,200	$3,500
02114, Boston, MA	$2,625	$3,525	$4,398	$3,695
02155, Medford, MA	$1,950	$2,450	$3,100	$3,300
02118, Boston, MA	$2,375	$3,600	$4,200	$3,810
02115, Boston, MA	$2,598	$2,980	$4,000	$3,250
02125, Boston, MA	$2,220	$2,710	$3,183	$3,400

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 $3,700. 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 $2,500 and an average price per square feet of $74.61. 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 $2,900 and an average price per square feet of $59.02. There are a total of 53 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 $3,900 and an average price per square feet of $49.37. There are a total of 60 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 -0.13%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by 0.17% year-over-year.

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

A reasonable rent price in 02138, Cambridge, MA is around $2,960/month. You can search for these reasonably priced rental listings on RentHop.