Average Rent in 02140, Cambridge, MA

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Current Versus Historical 02140, Cambridge, MA Rents

02140 rentals average $2,647 for a studio rental to $6,049 for a 4-bedroom rental. The median price of all currently available listings is $3,121, or roughly $4 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $421 (18.46%) year-over-year from $2,279 to $2,700. 1-bedroom rentals prices have increased by $832 (32.12%) year-over-year from $2,592 to $3,424. 2-bedroom rentals prices have increased by $425 (12.50%) year-over-year from $3,400 to $3,825. 3-bedroom rentals prices have increased by $2,125 (51.52%) year-over-year from $4,125 to $6,250. 4-bedroom rentals prices have increased by $2,558 (53.11%) year-over-year from $4,817 to $7,375. 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 up by 6.46% this month. 2-bedroom rents have gone down by 0.43% this month. 3-bedroom rents have gone up by 25.84% this month. 4-bedroom rents have gone down by 17.98% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.48 $2,700 $2,279 (18.46%) $1,887 (43.11%)
1 BR $3.95 $3,424 $2,592 (32.12%) $2,175 (57.41%)
2 BR $3.04 $3,825 $3,400 (12.50%) $3,025 (26.45%)
3 BR $3.42 $6,250 $4,125 (51.52%) $3,283 (90.36%)
4+ BR $3.69 $7,375 $4,817 (53.11%) $4,383 (68.25%)

Historical Rents in 02140, Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02140

There are a total of 3 cities nearby 02140. The average rent in 02140 is currently $3,442 per month. Our records show that Brookline, MA, with an average rent of $3,350, is the most affordable city nearby. In contrast, the most expensive city near 02140, Cambridge, MA is Boston, MA. Monthly rents here are on average $3,677 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 10.41% more affordable than other cities nearby. One bedrooms are about 4.93% more affordable. Two bedrooms in 02140, Cambridge, MA are about 6.72% more affordable. Finally, rent for three bedrooms are about 5.14% more affordable. Want more information? Check out the top 3 cities near 02140, Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $1,943 $2,600 $3,300 $3,350
Cambridge, MA $2,923 $3,075 $3,785 $3,442
Boston, MA $2,974 $3,500 $4,428 $3,677

Top Neighborhoods Near 02140

There are a total of 9 neighborhoods in or near 02140. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 9 neighborhoods in or near 02140, Cambridge, MA in the following chart.

The average rent for these 9 neighborhoods in or near 02140, Cambridge, MA is currently around $3,720 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,720. Interestingly, the neighborhoods' average rent is higher than 02140's average rent, which is only $3,121. Out of all the neighborhoods in or near 02140, North Cambridge has the most affordable average rent at $3,072 per month. Whereas, at $4,162 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood 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 $2,943 $3,559 $3,072
South End, Boston, MA $2,974 $3,480 $4,862 $3,590
East Cambridge, Cambridge, MA $3,047 $3,404 $4,334 $3,643
Downtown Boston, Boston, MA $2,820 $3,377 $4,365 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,645 $5,011 $3,720
West End, Boston, MA $2,853 $3,465 $4,808 $3,748
D Street - West Broadway, Boston, MA $3,245 $3,703 $4,855 $4,000
Kendall Square, Cambridge, MA $3,245 $4,035 $4,660 $4,096
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,094 $4,850 $4,162

Top Counties Near 02140

There are a total of 9 counties located by 02140, Cambridge, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,442. That's roughly around $4 per sqft. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,350. Vice versa, with an average rent of $3,677, Boston, MA is the most expensive county by 02140, Cambridge, MA.

Typically, rent for studios in 02140, Cambridge, MA is 10.41% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 02140, Cambridge, MA is 4.93% more affordable than other counties nearby. Finally, rent for two bedrooms in 02140, Cambridge, MA is 6.72% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Brookline, MA $1,943 $2,600 $3,300 $3,350
Cambridge, MA $2,923 $3,075 $3,785 $3,442
Boston, MA $2,974 $3,500 $4,428 $3,677

Top Zipcodes Near 02140

There are a total of 11 zipcodes in or near 02140, Cambridge, MA. The average rent for all of these zipcodes is $3,605.

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 $2,803 $3,395 $4,413 $3,703
02210, Boston, MA $3,240 $3,700 $4,900 $3,970
02118, Boston, MA $2,974 $3,485 $4,882 $3,841
02215, Boston, MA $2,660 $4,092 $4,889 $4,077
02116, Boston, MA $2,860 $3,515 $4,928 $3,605
02135, Boston, MA $2,573 $2,922 $3,150 $3,300
02142, Cambridge, MA $3,230 $3,990 $4,436 $4,096
02138, Cambridge, MA $2,515 $2,726 $3,573 $2,890
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02141, Cambridge, MA $3,042 $3,630 $4,452 $3,353

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 $3,121. 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 $2,647 and an average price per square feet of $4.48. There are a total of 6 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 $2,931 and an average price per square feet of $3.95. There are a total of 36 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 $3.04. There are a total of 28 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 0.18%, one bedroom rental prices have changed by 0.32%, two bedroom rental prices have changed by 0.13%, and three bedroom rental prices have changed by 0.52% year-over-year.
What is a reasonable rent price in 02140, Cambridge, MA?
A reasonable rent price in 02140, Cambridge, MA is around $2,496/month. You can search for these reasonably priced rental listings on RentHop.
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