Cambridge, MA Rental Market Trends
What is the average rent in Cambridge?
The average rent for an apartment in Cambridge is $2,951, a 6% decrease compared to the previous year.
Average Rent in Cambridge, MA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,951 | -6% | 844 sq. ft. |
What is the average apartment size in Cambridge?
The average size for a Cambridge, MA apartment is 844 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Cambridge, MA Apartment Rent Ranges
- $1,501-$2,0006%
- > $2,00094%
Cambridge, MA Occupied Housing Units
- Renter-occupied Households57%
- Owner-occupied Households42%
26,726 or 57% of the households in Cambridge, MA are renter-occupied while 20,109 or 42% are owner-occupied.
Cambridge, MA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cambridge, MA | $3,001 | $3,107 | $3,067 | $3,044 | $3,236 | $3,172 | $3,200 | $3,101 | $2,966 | $2,933 | $2,951 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Cambridge, MA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| East Cambridge | $3,197 |
| MIT | $3,095 |
| Inman/ Harrington | $3,069 |
| Area 4 | $2,977 |
| Cambridgeport | $2,977 |
| Mid-Cambridge | $2,761 |
| Riverside | $2,761 |
| North Cambridge | $2,760 |
| Agassiz | $2,674 |
| Peabody | $2,674 |
| Cambridge Highlands | $2,563 |
| Strawberry Hill | $2,563 |
| West Cambridge | $2,563 |
What are the most affordable neighborhoods in Cambridge?
The most affordable neighborhoods in Cambridge are Cambridge Highlands, where the average rent goes for $2,563/month, Strawberry Hill, where renters pay $2,563/mo on average, and West Cambridge, where the average rent goes for $2,563/mo. If you’re looking for other great deals, check out the listings from Agassiz ($2,674), Peabody ($2,674), and North Cambridge ($2,760), where the asking prices are below the average Cambridge rent of $2,951/mo.
What are the most expensive neighborhoods in Cambridge?
The most expensive neighborhoods in Cambridge are Inman/ Harrington ($3,069), MIT ($3,095) and East Cambridge ($3,197).
What are the most popular neighborhoods in Cambridge?
The most popular neighborhood in Cambridge is Peabody, where there are 7 verified RENTCafé listings with an average rent of $2,674. Next up is East Cambridge, where apartments go for $3,197/month, followed by North Cambridge with $2,760 If you’re looking to rent in Cambridge’s most popular neighborhoods, make sure to also check out Agassiz, where renters pay $2,674 on average, and Area 4, where the average monthly rent is $2,977.
Cambridge | Rent Comparison by Neighborhood
Rent in Agassiz is 10% lower than in Area 4
Agassiz rent is 9% lower than Cambridge average
| Average Rent | $2,674 |
|---|
Area 4 rent is 1% higher than Cambridge average
| Average Rent | $2,977 |
|---|
How Cambridge Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,143 | -6% |
| Cambridge | $2,951 | -6% |
| Worcester | $1,448 | 6% |
| Quincy | $2,197 | -4% |
| Brookline | $2,821 | -9% |
| Lowell | $1,731 | 3% |
| Weymouth Town | $1,984 | 4% |
| Somerville | $2,775 | -6% |
| Malden | $2,089 | -6% |
| Woburn | $1,959 | -7% |
| Framingham | $1,797 | -1% |