Average Rent in Cambridge, MA

Home  »  MA  »  Cambridge

Current Versus Historical Cambridge, MA Rents

Cambridge rentals average $2,923 for a studio rental to $5,724 for a 4-bedroom rental. The median price of all currently available listings is $3,534, or roughly $49 per square feet.
For the apartment units and housing in September 2023, median rents have risen over the last year. Studio rentals prices have increased by $850 (38.97%) year-over-year from $2,180 to $3,030. 1-bedroom rentals prices have increased by $265 (9.35%) year-over-year from $2,835 to $3,100. 2-bedroom rentals prices have increased by $149 (4.19%) year-over-year from $3,551 to $3,700. 3-bedroom rentals prices have increased by $163 (3.62%) year-over-year from $4,517 to $4,680. 4-bedroom rentals prices have increased by $405 (8.29%) year-over-year from $4,883 to $5,288. 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 13.51% this month. 1-bedroom rents have gone up by 6.90% this month. 2-bedroom rents have gone up by 5.71% this month. 3-bedroom rents have gone up by 9.87% this month. 4-bedroom rents have gone down by 1.09% this month.
Beds
Price / Sqft
Sep 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $63 $3,030 $2,180 (38.97%) $2,070 (46.38%)
1 BR $53 $3,100 $2,835 (9.35%) $2,348 (32.01%)
2 BR $46 $3,700 $3,551 (4.19%) $2,830 (30.74%)
3 BR $44 $4,680 $4,517 (3.62%) $3,267 (43.27%)
4+ BR $36 $5,288 $4,883 (8.29%) $4,325 (22.25%)

Historical Rents in Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Cambridge

There are a total of 7 cities nearby Cambridge. The average rent in Cambridge is currently $3,500 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Watertown Town, MA, with an average rent of $3,000, is the most affordable city nearby. In contrast, the most expensive city near Cambridge, MA is Newton, MA. Monthly rents here are on average $4,450 per month.

Let's compare Cambridge, MA's rent against other top cities nearby by bedroom size. One bedrooms are about 12.22% more expensive. Two bedrooms in Cambridge, MA are about 9.42% more expensive. Finally, rent for three bedrooms are about 24.13% more expensive. Want more information? Check out the top 7 cities near Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Watertown Town, MA N/A $2,500 $2,675 $3,000
Waltham, MA N/A $2,776 $3,426 $3,349
Medford, MA N/A $2,750 $2,773 $3,400
Somerville, MA $2,663 $2,750 $3,400 $3,500
Boston, MA $2,935 $3,500 $4,088 $3,650
Brookline, MA N/A $2,950 $3,498 $4,175
Newton, MA N/A $2,600 $3,000 $4,450

Top Neighborhoods Near Cambridge

There are a total of 17 neighborhoods in or near Cambridge. Some of these neighborhoods include Commonwealth, North Cambridge, and Columbia Point. We've included all of these top 17 neighborhoods in or near Cambridge, MA in the following chart.

The average rent for these 17 neighborhoods in or near Cambridge, MA is currently around $3,871 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $3,871. Interestingly, the neighborhoods' average rent is higher than Cambridge's average rent, which is only $3,534. Out of all the neighborhoods in or near Cambridge, Commonwealth has the most affordable average rent at $3,100 per month. Whereas, at $5,200 average rent per month, Back Bay is the most expensive neighborhood in or near Cambridge. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Commonwealth, Boston, MA $200 $2,275 $3,000 $3,100
North Cambridge, Cambridge, MA $2,814 $2,949 $3,547 $3,195
Columbia Point, Boston, MA N/A $2,714 $3,000 $3,200
Telegraph Hill, Boston, MA $2,200 $2,900 $3,400 $3,400
Coolidge Corner, Brookline, MA $2,500 $2,972 $3,350 $3,450
East Cambridge, Cambridge, MA $3,072 $3,420 $4,451 $3,700
West End, Boston, MA $2,863 $3,305 $5,030 $3,708
North End, Boston, MA $2,400 $3,395 $4,500 $3,773
Kendall Square, Cambridge, MA $3,126 $3,704 $4,554 $3,871
Downtown Boston, Boston, MA $2,820 $3,416 $4,540 $3,889
City Point, Boston, MA N/A $3,200 $3,750 $3,950
South End, Boston, MA $2,987 $3,500 $4,600 $3,980
D Street - West Broadway, Boston, MA $3,161 $3,735 $4,700 $4,000
Beacon Hill, Boston, MA $2,475 $3,400 $4,950 $4,150
Chinatown - Leather District, Boston, MA $3,232 $3,638 $5,440 $4,172
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,579 $4,162 $5,360 $4,240
Back Bay, Boston, MA $4,075 $3,950 $5,350 $5,200

Top Counties Near Cambridge

There are a total of 17 counties located by Cambridge, MA. Some of these counties include Watertown Town, MA, Waltham, MA, and Medford, MA. The average rent for rentals in these counties is $3,517. That's roughly around $36 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Watertown Town, MA. It's average rent per month is $3,000. Vice versa, with an average rent of $4,450, Newton, MA is the most expensive county by Cambridge, MA.

In comparison, rent for one bedroom listings in Cambridge, MA is 11.82% more expensive than other counties nearby. Finally, rent for two bedrooms in Cambridge, MA is 9.08% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Watertown Town, MA N/A $2,500 $2,675 $3,000
Waltham, MA N/A $2,776 $3,426 $3,349
Medford, MA N/A $2,750 $2,773 $3,400
Somerville, MA $2,663 $2,750 $3,400 $3,500
Cambridge, MA $2,923 $3,133 $3,754 $3,534
Boston, MA $2,935 $3,500 $4,088 $3,650
Brookline, MA N/A $2,950 $3,498 $4,175
Newton, MA N/A $2,600 $3,000 $4,450

Top Zipcodes Near Cambridge

There are a total of 23 zipcodes in or near Cambridge, MA. The average rent for all of these zipcodes is $3,669. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02472, Watertown Town, MA at $3,025 per month. In comparison, the zipcode with the most expensive average rent of $4,845 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $2,692. That's at least $66 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Cambridge, MA is $3,000 per month. Or in other words, $54 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,538 per month. Which comes out to $46 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 $2,805 $3,343 $4,425 $3,750
02210, Boston, MA $3,158 $3,780 $5,029 $3,985
02127, Boston, MA $3,399 $3,000 $3,538 $3,873
02118, Boston, MA $2,987 $3,463 $4,600 $3,948
02215, Boston, MA $3,389 $4,157 $5,200 $4,200
02116, Boston, MA $3,735 $3,825 $5,514 $4,845
02135, Boston, MA $2,188 $3,099 $3,250 $3,300
02142, Cambridge, MA $3,126 $3,645 $4,475 $3,859
02128, Boston, MA $2,800 $2,600 $3,088 $3,175
02138, Cambridge, MA $2,515 $2,726 $3,486 $3,153

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 $3,534. 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 $2,923 and an average price per square feet of $63.30. There are a total of 50 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 $3,133 and an average price per square feet of $52.80. There are a total of 166 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 $3,754 and an average price per square feet of $45.98. There are a total of 180 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 0.39%, one bedroom rental prices have changed by 0.09%, 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 Cambridge, MA?
A reasonable rent price in Cambridge, MA is around $2,827/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2023 RentHop.com™