Average Rent in Cambridge, MA

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Current Versus Historical Cambridge, MA Rents

Cambridge rentals average $2,923 for a studio rental to $5,847 for a 4-bedroom rental. The median price of all currently available listings is $3,423, 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 $1,557 (91.07%) year-over-year from $1,709 to $3,266. 1-bedroom rentals prices have increased by $704 (25.91%) year-over-year from $2,717 to $3,421. 2-bedroom rentals prices have increased by $774 (22.01%) year-over-year from $3,516 to $4,290. 3-bedroom rentals prices have increased by $1,618 (37.93%) year-over-year from $4,267 to $5,885. 4-bedroom rentals prices have increased by $2,308 (42.81%) year-over-year from $5,392 to $7,700. 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 10.98% this month. 1-bedroom rents have gone up by 10.10% this month. 2-bedroom rents have gone up by 12.01% this month. 3-bedroom rents have gone up by 17.04% this month. 4-bedroom rents have gone up by 20.31% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.30 $3,266 $1,709 (91.07%) $2,272 (43.73%)
1 BR $4.35 $3,421 $2,717 (25.91%) $2,300 (48.72%)
2 BR $3.73 $4,290 $3,516 (22.01%) $2,880 (48.96%)
3 BR $3.39 $5,885 $4,267 (37.93%) $3,450 (70.58%)
4+ BR $3.93 $7,700 $5,392 (42.81%) $4,483 (71.75%)

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 $3,537 per month. Only one city nearby has an average rent lower than that. Our records show that Brookline, MA, with an average rent of $3,400, is the most affordable city nearby. In contrast, the most expensive city near Cambridge, MA is Boston, MA. Monthly rents here are on average $3,673 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 15.89% more expensive than other cities nearby. One bedrooms are about 0.81% more expensive. Two bedrooms in Cambridge, MA are about 1.92% more affordable. Finally, rent for three bedrooms are about 10.47% 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 $1,943 $2,600 $3,300 $3,400
Boston, MA $2,974 $3,500 $4,415 $3,673

Top Neighborhoods Near Cambridge

There are a total of 8 neighborhoods in or near Cambridge. Some of these neighborhoods include North Cambridge, South End, and East Cambridge. We've included all of these top 8 neighborhoods in or near Cambridge, MA in the following chart.

The average rent for these 8 neighborhoods in or near Cambridge, MA is currently around $3,683 per month. A total of one neighborhood has a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,683. Interestingly, the neighborhoods' average rent is higher than Cambridge's average rent, which is only $3,423. Out of all the neighborhoods in or near Cambridge, 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 Cambridge. 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 $2,964 $3,485 $4,862 $3,576
East Cambridge, Cambridge, MA $3,047 $3,353 $4,334 $3,637
Downtown Boston, Boston, MA $2,820 $3,377 $4,365 $3,650
Chinatown - Leather District, Boston, MA $3,304 $3,645 $5,011 $3,715
D Street - West Broadway, Boston, MA $3,245 $3,703 $4,832 $4,000
Kendall Square, Cambridge, MA $3,245 $4,035 $4,660 $4,130
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $3,400 $4,094 $4,850 $4,162

Top Counties Near Cambridge

There are a total of 8 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 $3,423. 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 $3,400. Vice versa, with an average rent of $3,673, 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 $1,943 $2,600 $3,300 $3,400
Cambridge, MA $2,923 $3,075 $3,785 $3,423
Boston, MA $2,974 $3,500 $4,415 $3,673

Top Zipcodes Near Cambridge

There are a total of 12 zipcodes in or near Cambridge, MA. The average rent for all of these zipcodes is $3,585. A total of 5 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 $2,859 per month. In comparison, the zipcode with the most expensive average rent of $4,132 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,834. 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 $3,443 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,424 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 $2,808 $3,395 $4,413 $3,700
02210, Boston, MA $3,240 $3,700 $4,889 $3,956
02118, Boston, MA $2,964 $3,490 $4,882 $3,645
02215, Boston, MA $2,660 $4,092 $4,889 $4,077
02116, Boston, MA $2,860 $3,530 $4,928 $3,638
02135, Boston, MA $2,573 $2,922 $3,150 $3,300
02142, Cambridge, MA $3,145 $3,998 $4,436 $4,132
02138, Cambridge, MA $2,515 $2,726 $3,573 $2,859
02134, Boston, MA $3,199 $2,810 $3,200 $3,413
02140, Cambridge, MA $2,647 $2,928 $3,547 $3,121

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 $3,423. 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 $5.30. There are a total of 42 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 $3,075 and an average price per square feet of $4.35. There are a total of 135 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 $3,785 and an average price per square feet of $3.73. There are a total of 126 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 0.91%, one bedroom rental prices have changed by 0.26%, two bedroom rental prices have changed by 0.22%, and three bedroom rental prices have changed by 0.38% year-over-year.
What is a reasonable rent price in Cambridge, MA?
A reasonable rent price in Cambridge, MA is around $2,738/month. You can search for these reasonably priced rental listings on RentHop.
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