Average Rent in 02140, Cambridge, MA

Home  »  MA  »  Cambridge  »  02140

Current Versus Historical 02140, Cambridge, MA Rents

02140 rentals average $2,410 for a studio rental to $6,399 for a 4-bedroom rental. The median price of all currently available listings is $3,400, 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 $321 (13.49%) year-over-year from $2,379 to $2,700. 1-bedroom rentals prices have increased by $158 (5.67%) year-over-year from $2,792 to $2,950. 2-bedroom rentals prices have increased by $167 (4.46%) year-over-year from $3,733 to $3,900. 3-bedroom rentals prices have increased by $167 (4.03%) year-over-year from $4,133 to $4,300. 4-bedroom rentals prices have increased by $283 (5.88%) year-over-year from $4,817 to $5,100. 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 down by 0.00% this month. 1-bedroom rents have gone down by 1.67% this month. 2-bedroom rents have gone up by 5.41% this month. 3-bedroom rents have gone down by 1.15% this month. 4-bedroom rents have gone down by 52.26% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.36 $2,700 $2,379 (13.49%) $1,754 (53.92%)
1 BR $3.94 $2,950 $2,792 (5.67%) $2,208 (33.59%)
2 BR $3.06 $3,900 $3,733 (4.46%) $2,958 (31.83%)
3 BR $3.92 $4,300 $4,133 (4.03%) $3,333 (29.00%)
4+ BR $3.85 $5,100 $4,817 (5.88%) $4,650 (9.68%)

Historical Rents in 02140, Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02140

There are a total of 9 cities nearby 02140. The average rent in 02140 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 02140, Cambridge, MA is Brookline, MA. Monthly rents here are on average $4,000 per month.

Let's compare 02140, Cambridge, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02140, Cambridge, MA is 16.39% more expensive than other cities nearby. One bedrooms are about 10.17% more expensive. Two bedrooms in 02140, Cambridge, MA are about 11.81% more expensive. Finally, rent for three bedrooms are about 12.50% more expensive. Want more information? Check out the top 9 cities near 02140, 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 02140

There are a total of 21 neighborhoods in or near 02140. 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 02140, Cambridge, MA in the following chart.

The average rent for these 21 neighborhoods in or near 02140, 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 02140's average rent, which is only $3,400. Out of all the neighborhoods in or near 02140, 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 02140. 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 02140

There are a total of 21 counties located by 02140, 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 02140, Cambridge, MA.

Typically, rent for studios in 02140, Cambridge, MA is 16.39% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02140, Cambridge, MA is 10.17% more expensive than other counties nearby. Finally, rent for two bedrooms in 02140, Cambridge, MA is 11.81% 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 02140

There are a total of 28 zipcodes in or near 02140, Cambridge, MA. The average rent for all of these zipcodes is $3,638. A total of 6 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 $2,500. 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 02140, Cambridge, MA is $2,816 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 02140, 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
02135, Boston, MA $2,500 $2,897 $3,200 $3,475
02142, Cambridge, MA $3,095 $3,705 $4,488 $4,005
02128, Boston, MA $2,500 $2,800 $3,400 $3,300
02138, Cambridge, MA $2,550 $2,750 $3,582 $3,325

Frequently Asked Questions - 02140 Average Rents

What is the average rent price in 02140, Cambridge, MA?
The average monthly rental price for 02140, Cambridge, MA apartments for rent is approximately $3,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02140, 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 02140, Cambridge, MA.
How much is a studio apartment in 02140, Cambridge, MA?
The average monthly rental price for studio apartments is $2,410 and an average price per square feet of $4.36. There are a total of 7 studio apartment listings currently available for rent in 02140.
How much is a one bedroom apartment in 02140, Cambridge, MA?
The average monthly rental price for one bedroom apartments is $2,950 and an average price per square feet of $3.94. There are a total of 47 one bedroom apartment listings currently available for rent in 02140.
How much is a two bedroom apartment in 02140, Cambridge, MA?
The average monthly rental price for two bedroom apartments is $3,600 and an average price per square feet of $3.06. There are a total of 40 two bedroom apartment listings currently available for rent in 02140.
How have rent prices in 02140, Cambridge, MA changed this year?
Rent prices for rentals in 02140, Cambridge, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in 02140, Cambridge, MA?
A reasonable rent price in 02140, Cambridge, MA is around $2,720/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast