Average Rent in 02138, Cambridge, MA

Current Versus Historical 02138, Cambridge, MA Rents

02138 rentals average $2,550 for a studio rental to $7,750 for a 4-bedroom rental. The median price of all currently available listings is $3,325, 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 $273 (7.75%) year-over-year from $3,527 to $3,800. 3-bedroom rentals prices have increased by $167 (3.72%) year-over-year from $4,483 to $4,650. 4-bedroom rentals prices have decreased by $1,250 (-13.37%) year-over-year from $9,350 to $8,100. 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 up by 0.88% this month. 3-bedroom rents have gone down by 1.64% this month. 4-bedroom rents have gone up by 1.25% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.29	$2,350	$2,168 (8.41%)	$2,261 (3.96%)
1 BR	$3.84	$2,800	$2,650 (5.66%)	$2,242 (24.91%)
2 BR	$3.59	$3,800	$3,527 (7.75%)	$2,767 (37.35%)
3 BR	$3.83	$4,650	$4,483 (3.72%)	$3,917 (18.72%)
4+ BR	$4.03	$8,100	$9,350 (-13.37%)	$5,333 (51.88%)

Historical Rents in 02138, Cambridge, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02138

There are a total of 9 cities nearby 02138. The average rent in 02138 is currently $3,559 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,584, is the most affordable city nearby. In contrast, the most expensive city near 02138, Cambridge, MA is Brookline, MA. Monthly rents here are on average $4,000 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 20.98% more expensive than other cities nearby. One bedrooms are about 3.64% more expensive. Two bedrooms in 02138, Cambridge, MA are about 11.36% more expensive. Finally, rent for three bedrooms are about 20.37% more expensive. Want more information? Check out the top 9 cities near 02138, Cambridge, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Waltham, MA	$100	$2,509	$3,000	$2,900
Watertown Town, MA	$2,793	$2,650	$3,175	$3,150
Medford, MA	N/A	$2,548	$2,838	$3,300
Cambridge, MA	$2,821	$3,036	$3,785	$3,559
Boston, MA	$2,774	$3,399	$4,000	$3,657
Somerville, MA	$2,063	$2,800	$3,700	$3,850
Brookline, MA	$2,015	$3,000	$3,575	$4,000
Newton, MA	$1,775	$2,450	$3,000	$4,000

Top Neighborhoods Near 02138

There are a total of 21 neighborhoods in or near 02138. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and Beacon Hill. We've included all of these top 21 neighborhoods in or near 02138, Cambridge, MA in the following chart.

The average rent for these 21 neighborhoods in or near 02138, Cambridge, MA is currently around $3,715 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only nineteen neighborhoods have a higher average rent than $3,715. Interestingly, the neighborhoods' average rent is higher than 02138's average rent, which is only $3,325. Out of all the neighborhoods in or near 02138, North Cambridge has the most affordable average rent at $3,176 per month. Whereas, at $4,500 average rent per month, Mission Hill 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	$3,534	$3,176
Central Maverick Square - Paris Street, Boston, MA	$2,455	$3,000	$3,348	$3,200
Beacon Hill, Boston, MA	$2,150	$3,550	$4,100	$3,475
North End, Boston, MA	$2,400	$3,165	$4,675	$3,500
Uphams Corner - Jones Hill, Boston, MA	N/A	$2,175	$2,850	$3,525
St. Elizabeth's, Boston, MA	$2,250	$2,400	$3,700	$3,600
Columbia Point, Boston, MA	$150	$2,452	$2,900	$3,620
East Cambridge, Cambridge, MA	$3,000	$3,350	$4,395	$3,643
West End, Boston, MA	$3,100	$3,546	$5,030	$3,695
Commonwealth, Boston, MA	$1,825	$2,350	$3,000	$3,700
South End, Boston, MA	$2,974	$3,403	$4,719	$3,715
Coolidge Corner, Brookline, MA	$2,035	$3,000	$3,500	$3,750
North Allston, Boston, MA	$3,143	$3,500	$4,721	$3,816
Downtown Boston, Boston, MA	$2,850	$3,426	$4,500	$3,865
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA	$2,499	$3,870	$4,516	$3,920
Chinatown - Leather District, Boston, MA	$3,304	$3,745	$5,600	$4,025
Kendall Square, Cambridge, MA	$3,245	$4,002	$4,658	$4,035
D Street - West Broadway, Boston, MA	$3,245	$3,800	$4,725	$4,170
Lower Roxbury, Boston, MA	$2,250	$2,843	$4,200	$4,225
Back Bay, Boston, MA	$2,400	$3,607	$5,800	$4,450
Mission Hill, Boston, MA	N/A	$2,800	$3,225	$4,500

Top Counties Near 02138

There are a total of 21 counties located by 02138, Cambridge, MA. Some of these counties include Chelsea, MA, Waltham, MA, and Watertown Town, MA. The average rent for rentals in these counties is $3,559. That's roughly around $3 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $4,000, Brookline, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 20.98% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 3.64% more expensive than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 11.36% more expensive than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Waltham, MA	$100	$2,509	$3,000	$2,900
Watertown Town, MA	$2,793	$2,650	$3,175	$3,150
Medford, MA	N/A	$2,548	$2,838	$3,300
Cambridge, MA	$2,821	$3,036	$3,785	$3,559
Boston, MA	$2,774	$3,399	$4,000	$3,657
Somerville, MA	$2,063	$2,800	$3,700	$3,850
Brookline, MA	$2,015	$3,000	$3,575	$4,000
Newton, MA	$1,775	$2,450	$3,000	$4,000

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 $3,638. A total of 5 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 $2,584 per month. In comparison, the zipcode with the most expensive average rent of $4,650 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,455. 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 $2,863 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,802 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	$2,695	$3,458	$4,250	$3,675
02210, Boston, MA	$3,245	$3,810	$5,036	$4,110
02127, Boston, MA	$2,780	$3,150	$3,779	$4,250
02118, Boston, MA	$2,974	$3,399	$4,737	$3,733
02215, Boston, MA	$2,363	$3,883	$4,500	$3,850
02116, Boston, MA	$2,885	$3,555	$5,495	$4,188
02142, Cambridge, MA	$3,095	$3,705	$4,488	$4,005
02135, Boston, MA	$2,500	$2,897	$3,200	$3,475
02128, Boston, MA	$2,500	$2,800	$3,400	$3,300
02140, Cambridge, MA	$2,410	$2,950	$3,600	$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 $3,325. 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 $2,550 and an average price per square feet of $5.29. There are a total of 11 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 $2,750 and an average price per square feet of $3.84. There are a total of 43 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 $3,582 and an average price per square feet of $3.59. There are a total of 42 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 0.08%, and three bedroom rental prices have changed by 0.04% year-over-year.

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

A reasonable rent price in 02138, Cambridge, MA is around $2,660/month. You can search for these reasonably priced rental listings on RentHop.