Average Rent in 02140, Cambridge, MA

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Current Versus Historical 02140, Cambridge, MA Rents

02140 rentals average $2,520 for a studio rental to $5,900 for a 4-bedroom rental. The median price of all currently available listings is $3,434, or roughly $4 per square feet.
For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $100 (4.76%) year-over-year from $2,100 to $2,200. 1-bedroom rentals prices have increased by $387 (14.41%) year-over-year from $2,683 to $3,069. 2-bedroom rentals prices have increased by $250 (7.46%) year-over-year from $3,350 to $3,600. 3-bedroom rentals prices have increased by $233 (6.54%) year-over-year from $3,567 to $3,800. 4-bedroom rentals prices have increased by $675 (13.50%) year-over-year from $5,000 to $5,675. 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 11.86% this month. 1-bedroom rents have gone down by 2.28% this month. 2-bedroom rents have gone down by 2.04% this month. 3-bedroom rents have gone down by 26.08% this month. 4-bedroom rents have gone down by 21.00% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.68 $2,200 $2,100 (4.76%) $2,273 (-3.21%)
1 BR $3.96 $3,069 $2,683 (14.41%) $2,502 (22.66%)
2 BR $3.13 $3,600 $3,350 (7.46%) $3,300 (9.10%)
3 BR $3.33 $3,800 $3,567 (6.54%) $3,382 (12.37%)
4+ BR $3.13 $5,675 $5,000 (13.50%) $4,092 (38.70%)

Historical Rents in 02140, Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02140

There are a total of 12 cities nearby 02140. The average rent in 02140 is currently $3,500 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Revere, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near 02140, Cambridge, MA is Newton, MA. Monthly rents here are on average $4,399 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 43.70% more expensive than other cities nearby. One bedrooms are about 18.97% more expensive. Two bedrooms in 02140, Cambridge, MA are about 11.18% more expensive. Finally, rent for three bedrooms are about 3.95% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 02140, Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Chelsea, MA $1,675 $1,950 $2,900 $2,695
Everett, MA N/A $2,125 $2,800 $2,750
Malden, MA N/A $2,175 $2,800 $2,800
Waltham, MA $100 $2,225 $3,500 $3,200
Medford, MA $1,163 $2,300 $3,000 $3,500
Watertown Town, MA N/A $2,500 $3,100 $3,500
Cambridge, MA $2,765 $3,017 $3,785 $3,600
Somerville, MA $2,050 $2,758 $3,398 $3,630
Brookline, MA $2,415 $2,950 $3,600 $3,700
Newton, MA N/A $2,400 $3,200 $4,399

Top Neighborhoods Near 02140

There are a total of 31 neighborhoods in or near 02140. Some of these neighborhoods include Commonwealth, Jeffries Point - Airport, and Central Maverick Square - Paris Street. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 02140, Cambridge, MA in the following chart.

The average rent for these 30 neighborhoods in or near 02140, Cambridge, MA is currently around $3,500 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only eighteen neighborhoods have a higher average rent than $3,500. Interestingly, the neighborhoods' average rent is higher than 02140's average rent, which is only $3,434. Out of all the neighborhoods in or near 02140, Jeffries Point - Airport has the most affordable average rent at $3,000 per month. Whereas, at $4,400 average rent per month, City Point is the most expensive neighborhood in or near 02140. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Commonwealth, Boston, MA $2,100 $2,300 $3,000 $3,000
Jeffries Point - Airport, Boston, MA $2,350 $2,500 $3,200 $3,000
Central Maverick Square - Paris Street, Boston, MA N/A $2,700 $3,400 $3,000
Cambridge Highlands, Cambridge, MA $2,640 $2,800 $3,831 $3,125
Jamaica Central - South Sumner, Boston, MA $2,030 $3,050 $3,275 $3,250
Columbia Point, Boston, MA $150 $2,675 $2,900 $3,300
Mid-Cambridge, Cambridge, MA $2,525 $2,800 $3,925 $3,340
North Cambridge, Cambridge, MA $2,566 $2,944 $3,559 $3,350
Coolidge Corner, Brookline, MA $2,415 $2,850 $3,500 $3,400
Uphams Corner - Jones Hill, Boston, MA N/A $2,100 $2,700 $3,400
Back Bay, Boston, MA $2,400 $3,200 $5,800 $3,400
Oak Square, Boston, MA N/A $2,488 $2,900 $3,425
West End, Boston, MA $2,905 $3,400 $4,865 $3,460
Beacon Hill, Boston, MA $2,273 $3,225 $4,300 $3,495
St. Elizabeth's, Boston, MA $2,500 $2,500 $3,500 $3,500
North End, Boston, MA $2,450 $3,165 $4,500 $3,575
Neighborhood Nine, Cambridge, MA $2,750 $2,914 $3,825 $3,600
Columbus Park - Andrew Square, Boston, MA $2,715 $2,750 $3,650 $3,723
Chinatown - Leather District, Boston, MA $3,292 $3,583 $5,122 $3,725
East Cambridge, Cambridge, MA $2,995 $3,500 $4,273 $3,748
Washington Square, Brookline, MA $2,400 $3,000 $3,650 $3,800
North Allston, Boston, MA $3,150 $3,363 $4,546 $3,821
Downtown Boston, Boston, MA $2,865 $3,453 $4,544 $3,900
South End, Boston, MA $2,846 $3,480 $4,800 $3,980
Kendall Square, Cambridge, MA $3,111 $3,880 $4,606 $3,990
D Street - West Broadway, Boston, MA $3,179 $3,718 $4,600 $4,041
Telegraph Hill, Boston, MA N/A $2,900 $3,600 $4,100
Mission Hill, Boston, MA N/A $2,750 $3,450 $4,100
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,650 $4,073 $4,850 $4,127
City Point, Boston, MA $2,300 $2,600 $3,900 $4,400

Top Counties Near 02140

There are a total of 31 counties located by 02140, Cambridge, MA. Some of these counties include Chelsea, MA, Everett, MA, and Malden, MA. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Revere, MA. It's average rent per month is $2,400. Vice versa, with an average rent of $4,399, Newton, MA is the most expensive county by 02140, Cambridge, MA.

Typically, rent for studios in 02140, Cambridge, MA is 43.70% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02140, Cambridge, MA is 18.97% more expensive than other counties nearby. Finally, rent for two bedrooms in 02140, Cambridge, MA is 11.18% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,675 $1,950 $2,900 $2,695
Everett, MA N/A $2,125 $2,800 $2,750
Malden, MA N/A $2,175 $2,800 $2,800
Waltham, MA $100 $2,225 $3,500 $3,200
Medford, MA $1,163 $2,300 $3,000 $3,500
Watertown Town, MA N/A $2,500 $3,100 $3,500
Cambridge, MA $2,765 $3,017 $3,785 $3,600
Somerville, MA $2,050 $2,758 $3,398 $3,630
Brookline, MA $2,415 $2,950 $3,600 $3,700
Newton, MA N/A $2,400 $3,200 $4,399

Top Zipcodes Near 02140

There are a total of 34 zipcodes in or near 02140, Cambridge, MA. The average rent for all of these zipcodes is $3,500. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02151, Revere, MA at $2,400 per month. In comparison, the zipcode with the most expensive average rent of $4,161 per month is 02210, Boston, MA.

Studios in these zipcodes have an average rent of $2,373. 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 $2,796 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,575 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 $2,728 $3,395 $4,488 $3,630
02210, Boston, MA $3,240 $3,850 $5,029 $4,161
02127, Boston, MA $2,200 $2,900 $3,800 $4,000
02118, Boston, MA $2,885 $3,410 $4,800 $3,948
02215, Boston, MA $2,450 $4,073 $5,000 $4,073
02116, Boston, MA $2,575 $3,493 $5,442 $3,785
02135, Boston, MA $2,551 $2,500 $3,200 $3,400
02142, Cambridge, MA $3,015 $3,702 $4,417 $3,910
02128, Boston, MA $2,345 $2,550 $3,350 $3,150
02138, Cambridge, MA $2,695 $2,753 $3,666 $3,400

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 $3,434. 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 $2,520 and an average price per square feet of $4.68. 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 $2,900 and an average price per square feet of $3.96. There are a total of 49 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 $3,547 and an average price per square feet of $3.13. There are a total of 46 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 0.05%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in 02140, Cambridge, MA?
A reasonable rent price in 02140, Cambridge, MA is around $2,747/month. You can search for these reasonably priced rental listings on RentHop.
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