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 $7,350 for a 4-bedroom rental. The median price of all currently available listings is $3,300, or roughly $50 per square feet.

For the apartment units and housing in August 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $352 (-12.34%) year-over-year from $2,852 to $2,500. 1-bedroom rentals prices have decreased by $117 (-4.00%) year-over-year from $2,917 to $2,800. 2-bedroom rentals prices have decreased by $275 (-7.28%) year-over-year from $3,775 to $3,500. 3-bedroom rentals prices have increased by $138 (3.08%) year-over-year from $4,463 to $4,600. 4-bedroom rentals prices have decreased by $1,208 (-14.12%) year-over-year from $8,558 to $7,350. 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 0.00% this month. 1-bedroom rents have gone down by 5.22% this month. 2-bedroom rents have gone down by 7.89% this month. 3-bedroom rents have gone down by 6.76% this month. 4-bedroom rents have gone down by 31.84% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$67.06	$2,500	$2,852 (-12.34%)	$2,802 (-10.78%)
1 BR	$55.65	$2,800	$2,917 (-4.00%)	$2,624 (6.70%)
2 BR	$46.29	$3,500	$3,775 (-7.28%)	$3,508 (-0.24%)
3 BR	$44.47	$4,600	$4,463 (3.08%)	$4,483 (2.60%)
4+ BR	$47.23	$7,350	$8,558 (-14.12%)	$7,500 (-2.00%)

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 $3,200 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 $2,225, 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 $4,850 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 21.75% more expensive than other cities nearby. One bedrooms are about 13.84% more expensive. Two bedrooms in 02138, Cambridge, MA are about 17.14% more expensive. Finally, rent for three bedrooms are about 24.46% 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	$1,875	$2,100	$2,575	$2,700
Malden, MA	$1,800	$2,100	$2,600	$2,700
Watertown Town, MA	$2,778	$2,563	$2,800	$3,000
Belmont, MA	N/A	$2,500	$2,850	$3,200
Medford, MA	$1,963	$2,200	$2,900	$3,200
Arlington, MA	$1,950	$2,275	$2,900	$3,248
Somerville, MA	$2,350	$2,600	$3,100	$3,400
Cambridge, MA	$2,500	$2,950	$3,600	$3,500
Brookline, MA	$2,298	$2,750	$3,900	$3,663
Newton, MA	$1,975	$2,425	$3,000	$3,800

Top Neighborhoods Near 02138

There are a total of 40 neighborhoods in or near 02138. Some of these neighborhoods include Maplewood, Commonwealth, and South Side. We've included the top 30 neighborhoods out of 40 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 $3,250 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,250. Interestingly, the neighborhoods' average rent is less than 02138's average rent, which is actually $3,300. Out of all the neighborhoods in or near 02138, Broadway has the most affordable average rent at $1,800 per month. Whereas, at $4,605 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
Maplewood, Malden, MA	N/A	$2,100	$2,500	$2,600
Commonwealth, Boston, MA	$2,000	$2,300	$2,700	$2,700
South Side, Waltham, MA	$1,800	$2,100	$2,850	$2,745
Central Maverick Square - Paris Street, Boston, MA	$1,995	$2,500	$2,800	$2,800
St. Elizabeth's, Boston, MA	$1,950	$2,300	$2,975	$2,800
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,275	$2,750	$3,800	$2,973
Beacon Hill, Boston, MA	$2,400	$3,000	$4,025	$3,000
Jeffries Point - Airport, Boston, MA	$2,270	$2,600	$3,200	$3,000
East Watertown, Watertown Town, MA	N/A	$2,395	$2,950	$3,000
East Somerville, Somerville, MA	$2,450	$2,350	$3,063	$3,100
Oak Square, Boston, MA	$2,363	$2,388	$2,800	$3,150
Columbia Point, Boston, MA	$2,250	$2,645	$3,330	$3,275
Neighborhood Nine, Cambridge, MA	$2,400	$2,842	$3,620	$3,275
Mid-Cambridge, Cambridge, MA	$2,125	$2,800	$3,500	$3,300
Mission Hill, Boston, MA	$1,738	$3,025	$3,100	$3,338
North Allston, Boston, MA	N/A	$2,850	$3,050	$3,350
North End, Boston, MA	$2,100	$2,748	$3,600	$3,395
Back Bay, Boston, MA	$2,495	$3,400	$4,800	$3,400
Coolidge Corner, Brookline, MA	$2,248	$2,685	$3,850	$3,400
Hyde Square, Boston, MA	$2,800	$2,900	$2,850	$3,500
Ward Two, Somerville, MA	N/A	$2,600	$3,450	$3,500
South Medford, Medford, MA	N/A	$1,850	$3,000	$3,500
West End, Boston, MA	$2,911	$3,408	$4,715	$3,548
Washington Square, Brookline, MA	$2,000	$2,575	$3,495	$3,575
Thompson Square - Bunker Hill, Boston, MA	$2,200	$3,200	$3,850	$3,700
South End, Boston, MA	$2,350	$3,200	$4,200	$3,750
East Cambridge, Cambridge, MA	$3,230	$3,450	$4,200	$3,800
Brookline Village, Brookline, MA	$2,475	$2,600	$3,950	$3,950
D Street - West Broadway, Boston, MA	$2,963	$3,400	$4,500	$4,400
Downtown Boston, Boston, MA	$2,850	$3,995	$5,535	$4,605

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 $3,200. That's roughly around $32 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 $2,225. Vice versa, with an average rent of $4,850, Lexington, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 21.75% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 13.84% more expensive than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 17.14% 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	$1,875	$2,100	$2,575	$2,700
Malden, MA	$1,800	$2,100	$2,600	$2,700
Watertown Town, MA	$2,778	$2,563	$2,800	$3,000
Belmont, MA	N/A	$2,500	$2,850	$3,200
Medford, MA	$1,963	$2,200	$2,900	$3,200
Arlington, MA	$1,950	$2,275	$2,900	$3,248
Somerville, MA	$2,350	$2,600	$3,100	$3,400
Cambridge, MA	$2,500	$2,950	$3,600	$3,500
Brookline, MA	$2,298	$2,750	$3,900	$3,663
Newton, MA	$1,975	$2,425	$3,000	$3,800

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 $3,275. A total of 11 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 $2,225 per month. In comparison, the zipcode with the most expensive average rent of $3,950 per month is 02127, Boston, MA.

Studios in these zipcodes have an average rent of $2,148. That's at least $57 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 $2,725 per month. Or in other words, $49 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,263 per month. Which comes out to $42 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	$2,000	$2,375	$2,800	$2,900
02127, Boston, MA	$1,195	$2,850	$4,000	$3,950
02215, Boston, MA	$2,250	$2,800	$3,925	$3,000
02128, Boston, MA	$2,000	$2,500	$3,100	$3,000
02116, Boston, MA	$2,495	$3,400	$5,500	$3,600
02114, Boston, MA	$2,600	$3,350	$4,405	$3,550
02155, Medford, MA	$1,963	$2,200	$2,900	$3,200
02118, Boston, MA	$2,095	$3,200	$4,000	$3,700
02115, Boston, MA	$2,400	$3,023	$3,950	$3,250
02125, Boston, MA	$2,200	$2,600	$3,225	$3,300

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 $2,500 and an average price per square feet of $67.06. There are a total of 13 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 $2,800 and an average price per square feet of $55.65. There are a total of 49 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 $3,500 and an average price per square feet of $46.29. There are a total of 43 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 -0.12%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.07%, three bedroom rental prices have changed by 0.03% 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.