Average Rent in Cambridge, MA

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Current Versus Historical Cambridge, MA Rents

Cambridge rentals average $2,890 for a studio rental to $5,847 for a 4-bedroom rental. The median price of all currently available listings is $3,406, or roughly $4 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $2,639 (-98.25%) year-over-year from $2,686 to $47. 1-bedroom rentals prices have increased by $756 (27.00%) year-over-year from $2,800 to $3,556. 2-bedroom rentals prices have increased by $741 (21.07%) year-over-year from $3,516 to $4,257. 3-bedroom rentals prices have increased by $2,117 (51.21%) year-over-year from $4,133 to $6,250. 4-bedroom rentals prices have increased by $2,542 (46.56%) year-over-year from $5,458 to $8,000. 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 97.52% this month. 1-bedroom rents have gone up by 7.98% this month. 2-bedroom rents have gone up by 4.93% this month. 3-bedroom rents have gone up by 13.92% this month. 4-bedroom rents have gone up by 9.84% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.30 $47 $2,686 (-98.25%) $2,559 (-98.16%)
1 BR $4.32 $3,556 $2,800 (27.00%) $2,388 (48.94%)
2 BR $3.75 $4,257 $3,516 (21.07%) $2,962 (43.74%)
3 BR $3.39 $6,250 $4,133 (51.21%) $3,483 (79.43%)
4+ BR $3.85 $8,000 $5,458 (46.56%) $4,383 (82.51%)

Historical Rents in Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Cambridge

There are a total of 2 cities nearby Cambridge. The average rent in Cambridge is currently $3,512 per month. Only one city nearby has an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,300, is the most affordable city nearby. In contrast, the most expensive city near Cambridge, MA is Boston, MA. Monthly rents here are on average $3,723 per month.

Let's compare Cambridge, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Cambridge, MA is 12.68% more expensive than other cities nearby. One bedrooms are about 0.08% more affordable. Two bedrooms in Cambridge, MA are about 2.60% more affordable. Finally, rent for three bedrooms are about 12.13% more affordable. Want more information? Check out the top 2 cities near Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Brookline, MA $2,045 $2,600 $3,300 $3,300
Boston, MA $3,002 $3,530 $4,405 $3,723

Top Neighborhoods Near Cambridge

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

The average rent for these 9 neighborhoods in or near Cambridge, MA is currently around $3,755 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,755. Interestingly, the neighborhoods' average rent is higher than Cambridge's average rent, which is only $3,406. Out of all the neighborhoods in or near Cambridge, North Cambridge has the most affordable average rent at $3,065 per month. Whereas, at $4,187 average rent per month, Fenway - Kenmore - Audubon Circle - Longwood is the most expensive neighborhood in or near Cambridge. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Cambridge, Cambridge, MA $2,814 $2,944 $3,547 $3,065
East Cambridge, Cambridge, MA $3,047 $3,342 $4,446 $3,637
Downtown Boston, Boston, MA $2,820 $3,350 $4,374 $3,645
Chinatown - Leather District, Boston, MA $3,304 $3,603 $4,900 $3,725
West End, Boston, MA $3,010 $3,695 $4,958 $3,755
South End, Boston, MA $2,974 $3,545 $4,935 $3,790
D Street - West Broadway, Boston, MA $3,250 $3,726 $4,832 $3,978
Kendall Square, Cambridge, MA $3,245 $3,981 $4,658 $3,990
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,495 $4,127 $5,219 $4,187

Top Counties Near Cambridge

There are a total of 9 counties located by Cambridge, MA. Some of these counties include Brookline, MA, Cambridge, MA, and Boston, MA. The average rent for rentals in these counties is $3,406. That's roughly around $4 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Brookline, MA. It's average rent per month is $3,300. Vice versa, with an average rent of $3,723, Boston, MA is the most expensive county by Cambridge, MA.

Typically, rent for studios in Cambridge, MA is on par with the other counties nearby. In comparison, rent for one bedroom listings in Cambridge, MA is on par with the other counties nearby. Finally, rent for two bedrooms in Cambridge, MA is on par with the other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Brookline, MA $2,045 $2,600 $3,300 $3,300
Cambridge, MA $2,890 $3,063 $3,755 $3,406
Boston, MA $3,002 $3,530 $4,405 $3,723

Top Zipcodes Near Cambridge

There are a total of 13 zipcodes in or near Cambridge, MA. The average rent for all of these zipcodes is $3,533. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02138, Cambridge, MA at $2,890 per month. In comparison, the zipcode with the most expensive average rent of $4,162 per month is 02215, Boston, MA.

Studios in these zipcodes have an average rent of $2,974. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Cambridge, MA is $3,450 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,425 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 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 $2,820 $3,450 $4,425 $3,708
02210, Boston, MA $3,240 $3,726 $4,889 $3,956
02127, Boston, MA $3,399 $2,900 $3,790 $3,465
02118, Boston, MA $2,974 $3,550 $4,934 $3,880
02215, Boston, MA $3,050 $4,117 $5,219 $4,162
02116, Boston, MA $2,860 $3,535 $4,970 $3,685
02135, Boston, MA $2,573 $3,094 $3,200 $3,353
02142, Cambridge, MA $3,115 $3,861 $4,472 $3,998
02138, Cambridge, MA $2,515 $2,725 $3,574 $2,890
02134, Boston, MA $3,199 $2,810 $3,850 $3,434

Frequently Asked Questions - Cambridge Average Rents

What is the average rent price in Cambridge, MA?
The average monthly rental price for Cambridge, MA apartments for rent is approximately $3,406. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Cambridge, MA.
How much is a studio apartment in Cambridge, MA?
The average monthly rental price for studio apartments is $2,890 and an average price per square feet of $5.30. There are a total of 43 studio apartment listings currently available for rent in Cambridge.
How much is a one bedroom apartment in Cambridge, MA?
The average monthly rental price for one bedroom apartments is $3,063 and an average price per square feet of $4.32. There are a total of 132 one bedroom apartment listings currently available for rent in Cambridge.
How much is a two bedroom apartment in Cambridge, MA?
The average monthly rental price for two bedroom apartments is $3,755 and an average price per square feet of $3.75. There are a total of 127 two bedroom apartment listings currently available for rent in Cambridge.
How have rent prices in Cambridge, MA changed this year?
Rent prices for rentals in Cambridge, MA can fluctuate yearly. Specifically, studio rental prices have changed by -0.98%, one bedroom rental prices have changed by 0.27%, two bedroom rental prices have changed by 0.21%, and three bedroom rental prices have changed by 0.51% year-over-year.
What is a reasonable rent price in Cambridge, MA?
A reasonable rent price in Cambridge, MA is around $2,724/month. You can search for these reasonably priced rental listings on RentHop.
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