Cambridge, MA Rental Market Trends

Highlights

The average rent for an apartment in Cambridge is $3,001, a 2% decrease compared to the previous year, when the average rent was $3,049.

Studio apartments in Cambridge rent for $2,285 a month, while 1-bedroom apartments ask on average $2,730 a month; the average rent for a 2-bedroom apartment is $3,448.

Average Rent in Cambridge, MA

Last updated Nov 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $3,001 $2,285 $2,730 $3,448 $4,339
Y-o-Y Change -2% 2% -1% -3% 1%
Average Apartment Size 842 sq. ft. 495 sq. ft. 724 sq. ft. 1,065 sq. ft. 1,359 sq. ft.

The average size for a Cambridge apartment is 842 square feet, but this number varies greatly depending on apartment type. A studio averages 495 sq. ft., while a one-bedroom apartment offers a more generous square footage: 724. 2-bedroom apartments in Cambridge have an average size of 1,065 sq. ft.

Cambridge, MA Apartment Rent Ranges

  • $1,001-$1,5006%
  • $1,501-$2,00026%
  • > $2,00068%

Cambridge, MA Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $3,001 $2,285 $2,730 $3,448 $4,339
Jan / 2018 $2,997 $2,285 $2,730 $3,436 $4,339
Sept / 2017 $3,033 $2,268 $2,740 $3,514 $4,395
May / 2017 $3,049 $2,247 $2,755 $3,561 $4,279
Jan / 2017 $2,952 $2,204 $2,676 $3,424 $4,189
Sept / 2016 $3,019 $2,235 $2,724 $3,524 $4,278
May / 2016 $3,013 $2,214 $2,734 $3,497 $4,296
Jan / 2016 $3,011 $2,200 $2,735 $3,508 $4,321
Sept / 2015 $2,987 $2,216 $2,713 $3,474 $4,239
May / 2015 $2,911 $2,133 $2,651 $3,391 $4,083
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Average Rent in Cambridge, MA By Neighborhood

East Cambridge
$3,443
MIT
$3,144
Inman/ Harrington
$3,138
Area 4
$2,862
Cambridgeport
$2,862
North Cambridge
$2,773
Mid-Cambridge
$2,717
Riverside
$2,717
Agassiz
$2,675
Peabody
$2,675
Cambridge Highlands
$2,580
Strawberry Hill
$2,580
West Cambridge
$2,580

The most affordable neighborhoods in Cambridge are Cambridge Highlands, where the average rent goes for $2,580/month, Strawberry Hill, where renters pay $2,580/mo on average, and West Cambridge, where the average rent goes for $2,580/mo. If you’re looking for other great deals, check out the listings from Agassiz ($2,675), Peabody ($2,675), and Mid-Cambridge ($2,717), where the asking prices are below the average Cambridge rent of $3,001/mo.

The most expensive neighborhoods in Cambridge are Inman/ Harrington ($3,138), MIT ($3,144) and East Cambridge ($3,443).

Cambridge | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Agassiz is 7% lower than in Area 4

$2,675

Agassiz rent is 11% lower than Cambridge average

All rentals $2,675
Studio $1,909
1 Bed $2,423
2 Beds $3,091
3 Beds $3,849
$2,862

Area 4 rent is 5% lower than Cambridge average

All rentals $2,862
Studio $1,920
1 Bed $2,608
2 Beds $3,223
3 Beds $4,087

How Does Cambridge Compare to Nearby Cities

Average Rent Y-o-Y Change
Somerville $2,812 5%
Newton $2,818 0%
Malden $2,027 1%
Waltham $2,252 -6%
Watertown $2,549 -4%
Medford $2,533 3%
Arlington $2,448 -1%
Lowell $1,582 2%
Cambridge $3,001 -2%
Woburn $1,958 -6%
Burlington $2,088 -2%

For more information about the Cambridge rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cambridge apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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