Average Rent in 02138, Cambridge, MA

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Current Versus Historical 02138, Cambridge, MA Rents

02138 rentals average $2,800 for a studio rental to $7,650 for a 4-bedroom rental. The median price of all currently available listings is $3,400, or roughly $4 per square feet.
For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $625 (28.75%) year-over-year from $2,175 to $2,800. 1-bedroom rentals prices have increased by $275 (10.09%) year-over-year from $2,725 to $3,000. 2-bedroom rentals prices have increased by $133 (3.64%) year-over-year from $3,667 to $3,800. 3-bedroom rentals prices have increased by $334 (6.80%) year-over-year from $4,916 to $5,250. 4-bedroom rentals prices have decreased by $1,067 (-12.45%) year-over-year from $8,567 to $7,500. 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 0.66% this month. 1-bedroom rents have gone up by 2.59% this month. 2-bedroom rents have gone up by 10.68% this month. 3-bedroom rents have gone up by 13.72% this month. 4-bedroom rents have gone down by 16.36% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.31 $2,800 $2,175 (28.75%) $3,266 (-14.27%)
1 BR $4.11 $3,000 $2,725 (10.09%) $2,225 (34.83%)
2 BR $4.00 $3,800 $3,667 (3.64%) $2,883 (31.79%)
3 BR $4.34 $5,250 $4,916 (6.80%) $4,033 (30.17%)
4+ BR $4.11 $7,500 $8,567 (-12.45%) $5,533 (35.54%)

Historical Rents in 02138, Cambridge, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 02138

There are a total of 10 cities nearby 02138. The average rent in 02138 is currently $3,300 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Revere, MA, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near 02138, Cambridge, MA is Brookline, MA. Monthly rents here are on average $3,950 per month.

Let's compare 02138, Cambridge, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02138, Cambridge, MA is 23.21% more expensive than other cities nearby. One bedrooms are about 16.25% more expensive. Two bedrooms in 02138, Cambridge, MA are about 24.68% more expensive. Finally, rent for three bedrooms are about 30.74% more expensive. Want more information? Check out the top 10 cities near 02138, Cambridge, MA in the following chart.
City Studio 1 Bed 2 Bed All
Revere, MA $1,850 $2,300 $2,800 $2,500
Chelsea, MA $1,550 $2,100 $2,550 $2,600
Waltham, MA N/A $2,325 $2,800 $2,950
Watertown Town, MA $2,615 $2,800 $3,050 $3,000
Somerville, MA $2,150 $2,700 $3,000 $3,300
Medford, MA $1,413 $2,300 $2,800 $3,300
Boston, MA $2,500 $3,100 $3,400 $3,500
Newton, MA $2,150 $2,300 $2,800 $3,538
Cambridge, MA $2,800 $3,000 $4,000 $3,600
Brookline, MA $2,700 $2,900 $3,900 $3,950

Top Neighborhoods Near 02138

There are a total of 10 neighborhoods in or near 02138. Some of these neighborhoods include Commonwealth, Back Bay, and Fenway - Kenmore - Audubon Circle - Longwood. We've included all of these top 10 neighborhoods in or near 02138, Cambridge, MA in the following chart.

The average rent for these 10 neighborhoods in or near 02138, Cambridge, MA is currently around $3,701 per month. A total of one neighborhood has a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,701. Interestingly, the neighborhoods' average rent is higher than 02138's average rent, which is only $3,400. Out of all the neighborhoods in or near 02138, Commonwealth has the most affordable average rent at $3,075 per month. Whereas, at $5,500 average rent per month, Mission Hill is the most expensive neighborhood in or near 02138. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Commonwealth, Boston, MA $238 $2,350 $3,000 $3,075
Back Bay, Boston, MA $2,400 $3,400 $5,500 $3,500
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,500 $3,200 $3,625 $3,618
East Cambridge, Cambridge, MA $3,280 $3,500 $4,179 $3,670
Columbia Point, Boston, MA N/A $2,400 $2,750 $3,700
South End, Boston, MA $2,760 $3,253 $4,495 $3,703
Coolidge Corner, Brookline, MA $2,500 $2,800 $3,925 $3,950
Downtown Boston, Boston, MA $3,000 $3,935 $4,685 $4,010
D Street - West Broadway, Boston, MA $3,023 $3,225 $4,350 $4,200
Mission Hill, Boston, MA N/A $2,900 $3,750 $5,500

Top Counties Near 02138

There are a total of 10 counties located by 02138, Cambridge, MA. Some of these counties include Revere, MA, Chelsea, MA, and Waltham, MA. The average rent for rentals in these counties is $3,300. That's roughly around $3 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Revere, MA. It's average rent per month is $2,500. Vice versa, with an average rent of $3,950, Brookline, MA is the most expensive county by 02138, Cambridge, MA.

Typically, rent for studios in 02138, Cambridge, MA is 23.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 02138, Cambridge, MA is 16.25% more expensive than other counties nearby. Finally, rent for two bedrooms in 02138, Cambridge, MA is 24.68% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Revere, MA $1,850 $2,300 $2,800 $2,500
Chelsea, MA $1,550 $2,100 $2,550 $2,600
Waltham, MA N/A $2,325 $2,800 $2,950
Watertown Town, MA $2,615 $2,800 $3,050 $3,000
Somerville, MA $2,150 $2,700 $3,000 $3,300
Medford, MA $1,413 $2,300 $2,800 $3,300
Boston, MA $2,500 $3,100 $3,400 $3,500
Newton, MA $2,150 $2,300 $2,800 $3,538
Cambridge, MA $2,800 $3,000 $4,000 $3,600
Brookline, MA $2,700 $2,900 $3,900 $3,950

Top Zipcodes Near 02138

There are a total of 4 zipcodes in or near 02138, Cambridge, MA. The average rent for all of these zipcodes is $3,421. A total of 2 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 $3,000 per month. In comparison, the zipcode with the most expensive average rent of $4,015 per month is 02116, Boston, MA.

Studios in these zipcodes have an average rent of $2,533. 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 02138, Cambridge, MA is $3,028 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,838 per month. Which comes out to $4 per sqft. The following chart includes the top 4 zipcodes in 02138, Cambridge, MA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
02128, Boston, MA $2,450 $2,400 $3,175 $3,100
02116, Boston, MA $2,925 $3,375 $5,200 $4,015
02118, Boston, MA $2,043 $3,255 $4,500 $3,743
02472, Watertown Town, MA $2,615 $2,800 $3,050 $3,000

Frequently Asked Questions - 02138 Average Rents

What is the average rent price in 02138, Cambridge, MA?
The average monthly rental price for 02138, Cambridge, MA apartments for rent is approximately $3,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 02138, 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 02138, Cambridge, MA.
How much is a studio apartment in 02138, Cambridge, MA?
The average monthly rental price for studio apartments is $2,800 and an average price per square feet of $6.31. There are a total of 11 studio apartment listings currently available for rent in 02138.
How much is a one bedroom apartment in 02138, Cambridge, MA?
The average monthly rental price for one bedroom apartments is $3,000 and an average price per square feet of $4.11. There are a total of 22 one bedroom apartment listings currently available for rent in 02138.
How much is a two bedroom apartment in 02138, Cambridge, MA?
The average monthly rental price for two bedroom apartments is $3,850 and an average price per square feet of $4.00. There are a total of 22 two bedroom apartment listings currently available for rent in 02138.
How have rent prices in 02138, Cambridge, MA changed this year?
Rent prices for rentals in 02138, Cambridge, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.29%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in 02138, Cambridge, MA?
A reasonable rent price in 02138, Cambridge, MA is around $2,720/month. You can search for these reasonably priced rental listings on RentHop.
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