Average Rent in Cambridge, MA

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Current Versus Historical Cambridge, MA Rents

Cambridge rentals average $2,825 for a studio rental to $6,425 for a 4-bedroom rental. The median price of all currently available listings is $3,530, 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 $394 (19.26%) year-over-year from $2,044 to $2,438. 1-bedroom rentals prices have increased by $150 (5.45%) year-over-year from $2,750 to $2,900. 2-bedroom rentals prices have increased by $104 (2.93%) year-over-year from $3,546 to $3,650. 3-bedroom rentals prices have increased by $243 (5.70%) year-over-year from $4,258 to $4,500. 4-bedroom rentals prices have increased by $642 (12.03%) year-over-year from $5,333 to $5,975. 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 29.48% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.35% this month. 3-bedroom rents have gone down by 0.74% this month. 4-bedroom rents have gone down by 7.48% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.32 $2,438 $2,044 (19.26%) $2,159 (12.93%)
1 BR $4.59 $2,900 $2,750 (5.45%) $2,271 (27.71%)
2 BR $3.83 $3,650 $3,546 (2.93%) $2,840 (28.53%)
3 BR $3.98 $4,500 $4,258 (5.70%) $3,433 (31.07%)
4+ BR $3.94 $5,975 $5,333 (12.03%) $4,681 (27.65%)

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 $3,650 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,517, is the most affordable city nearby. In contrast, the most expensive city near Cambridge, MA is Brookline, MA. Monthly rents here are on average $4,100 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 37.17% more expensive than other cities nearby. One bedrooms are about 15.31% more expensive. Two bedrooms in Cambridge, MA are about 14.75% more expensive. Finally, rent for three bedrooms are about 15.05% 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
Chelsea, MA $1,550 $2,200 $2,750 $2,517
Waltham, MA $100 $2,553 $3,000 $2,926
Medford, MA N/A $2,495 $2,800 $3,450
Boston, MA $2,762 $3,400 $4,000 $3,650
Somerville, MA $2,125 $2,800 $3,700 $3,900
Newton, MA $1,775 $2,500 $3,200 $4,000
Brookline, MA $2,048 $2,900 $3,675 $4,100

Top Neighborhoods Near Cambridge

There are a total of 19 neighborhoods in or near Cambridge. Some of these neighborhoods include North Cambridge, Central Maverick Square - Paris Street, and North End. We've included all of these top 19 neighborhoods in or near Cambridge, MA in the following chart.

The average rent for these 19 neighborhoods in or near Cambridge, MA is currently around $3,816 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $3,816. Interestingly, the neighborhoods' average rent is higher than Cambridge's average rent, which is only $3,530. Out of all the neighborhoods in or near Cambridge, 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 Cambridge. 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 $2,945 $3,348 $3,225
North End, Boston, MA $2,400 $3,165 $4,450 $3,500
Beacon Hill, Boston, MA $2,150 $3,600 $4,100 $3,500
Uphams Corner - Jones Hill, Boston, MA N/A $2,175 $2,800 $3,550
South End, Boston, MA $2,999 $3,460 $4,737 $3,590
St. Elizabeth's, Boston, MA $2,275 $2,395 $3,700 $3,600
Columbia Point, Boston, MA $150 $2,641 $2,900 $3,600
East Cambridge, Cambridge, MA $2,995 $3,350 $4,427 $3,640
North Allston, Boston, MA $3,199 $3,500 $4,721 $3,816
Downtown Boston, Boston, MA $2,835 $3,426 $4,500 $3,858
Commonwealth, Boston, MA $1,900 $2,350 $3,000 $3,900
Coolidge Corner, Brookline, MA $2,048 $2,950 $3,500 $3,900
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,499 $3,870 $4,516 $3,931
Chinatown - Leather District, Boston, MA $3,232 $3,638 $5,600 $3,960
Kendall Square, Cambridge, MA $3,123 $4,005 $4,635 $4,032
D Street - West Broadway, Boston, MA $3,245 $3,800 $4,750 $4,163
Back Bay, Boston, MA $2,300 $3,589 $5,878 $4,500
Mission Hill, Boston, MA N/A $2,800 $3,425 $4,500

Top Counties Near Cambridge

There are a total of 19 counties located by Cambridge, MA. Some of these counties include Chelsea, MA, Waltham, MA, and Medford, MA. The average rent for rentals in these counties is $3,590. 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 $2,517. Vice versa, with an average rent of $4,100, Brookline, MA is the most expensive county by Cambridge, MA.

Typically, rent for studios in Cambridge, MA is 32.35% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Cambridge, MA is 11.21% more expensive than other counties nearby. Finally, rent for two bedrooms in Cambridge, MA is 8.42% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chelsea, MA $1,550 $2,200 $2,750 $2,517
Waltham, MA $100 $2,553 $3,000 $2,926
Medford, MA N/A $2,495 $2,800 $3,450
Cambridge, MA $2,825 $3,014 $3,754 $3,530
Boston, MA $2,762 $3,400 $4,000 $3,650
Somerville, MA $2,125 $2,800 $3,700 $3,900
Newton, MA $1,775 $2,500 $3,200 $4,000
Brookline, MA $2,048 $2,900 $3,675 $4,100

Top Zipcodes Near Cambridge

There are a total of 30 zipcodes in or near Cambridge, MA. The average rent for all of these zipcodes is $3,628. 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 02150, Chelsea, MA at $2,517 per month. In comparison, the zipcode with the most expensive average rent of $4,625 per month is 02120, Boston, MA.

Studios in these zipcodes have an average rent of $2,475. 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 Cambridge, MA is $2,805 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,650 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 $2,695 $3,498 $4,240 $3,675
02210, Boston, MA $3,245 $3,805 $4,983 $4,100
02127, Boston, MA $2,700 $3,200 $3,779 $4,225
02118, Boston, MA $2,974 $3,400 $4,782 $3,655
02215, Boston, MA $2,300 $3,891 $4,500 $3,850
02116, Boston, MA $2,868 $3,543 $5,500 $4,039
02135, Boston, MA $2,500 $2,700 $3,300 $3,495
02142, Cambridge, MA $3,000 $3,704 $4,507 $4,016
02128, Boston, MA $2,500 $2,795 $3,325 $3,225
02138, Cambridge, MA $2,515 $2,730 $3,582 $3,330

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 $3,530. 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 $2,825 and an average price per square feet of $5.32. There are a total of 51 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 $3,014 and an average price per square feet of $4.59. There are a total of 192 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 $3.83. There are a total of 190 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 0.19%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Cambridge, MA?
A reasonable rent price in Cambridge, MA is around $2,824/month. You can search for these reasonably priced rental listings on RentHop.
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