Rental market snapshot for Cambridge, Massachusetts

Cambridge, Massachusetts Rental Property Market Overview

The average rent for an apartment in Cambridge is $3,208. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 2.4% over the past year.

Cambridge is a city located in Massachusetts, just north of Boston. It is home to two of the world's most prestigious universities, Harvard University and the Massachusetts Institute of Technology (MIT). The city has a rich history dating back to the early days of the United States, and it was an important center of the American Revolution. Today, Cambridge is a vibrant and diverse city, with a thriving arts and culture scene. The city is also home to a number of technology companies and startups, making it a hub for innovation.

Last Updated December 23, 2022

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Average monthly rent graph in Cambridge Massachusetts | Cost of Living

  • The most expensive ZIP Code in Cambridge is 02142 with an average price of $3,950
  • The cheapest ZIP Code in Cambridge is 02138 with an average price of $2,650

Cambridge ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
102142$3,950
202141$3,790
302139$3,621
402138$3,250
502140$3,150

Live near Cambridge, Massachusetts's Top Sights and Attractions

Columbia Park is a small park located in the heart of Cambridge, Massachusetts. The park is home to a variety of trees, flowers, and shrubs, as well as a small pond. Visitors to the park can enjoy a variety of activities, including picnicking, fishing, and bird watching.

The Museum Of Science is a museum in Cambridge, Massachusetts. The museum has a variety of exhibits on science and technology. The museum also has a planetarium and a theater.

Mystery Hunt is an annual event held at MIT in which teams of students compete to solve a series of puzzles.

Alewife Brook Reservation is a nature preserve that features hiking trails, a pond, and a variety of plant and animal life.

The MIT Stata Center is a unique building designed by world-renowned architect Frank Gehry. The building is home to the Computer Science and Artificial Intelligence Laboratory (CSAIL), the largest on-campus research laboratory at MIT. The Stata Center is also home to a number of other research labs and centers, including the Laboratory for Nuclear Science, the Center for Biological and Computational Learning, and the Center for Theoretical Physics. The building features a number of unique design elements, including a "wavy" facade, a "collapsed" floor plan, and a number of public art installations.

The Alewife Brook Greenway is a linear park that follows Alewife Brook from Fresh Pond in Cambridge to the Mystic River in Arlington. The park is used for recreation, including walking, running, and biking.

Danehy Park is a 70-acre park located in Cambridge, Massachusetts. The park features open fields, playgrounds, basketball and tennis courts, a track, a dog park, and a picnic area.

The Western Avenue Bridge is a steel girder bridge that spans the Charles River in Cambridge, Massachusetts. It carries Western Avenue across the river to Boston. The bridge was built in the early 1950s and is one of the few remaining steel girder bridges in the city.

Cambridge, Massachusetts area median rent change by ZIP Code map

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How does Cambridge compare to other cities in Massachusetts ?

citymedian price
Newton$3,742
Newton$3,400
Weymouth$2,390
Lowell$2,265
West Roxbury$2,550
Norton$2,789
Andover$2,399
Chelsea$2,690
Lowell$1,835

Average household income in Cambridge area graph - US Census

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The median household income in Cambridge in 2021 was $107,490. This represents a 55.7% change from 2011 when the median was $69,017.

#categorypercent
0Less than $10,0006.2%
1$10,000 to $14,9993.5%
2$15,000 to $19,9992.1%
3$20,000 to $24,9992.1%
4$25,000 to $29,9992.0%
5$30,000 to $34,9992.4%
6$35,000 to $39,9992.4%
7$40,000 to $44,9992.6%
8$45,000 to $49,9992.2%
9$50,000 to $59,9994.3%
10$60,000 to $74,9996.4%
11$75,000 to $99,99910.8%
12$100,000 to $124,9999.8%
13$125,000 to $149,9998.3%
14$150,000 to $199,99912.1%
15$200,000 or more22.7%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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