Rental market snapshot for Cambridge, Massachusetts

Cambridge, Massachusetts Rental Property Market Overview

Cambridge, Massachusetts is a vibrant city located in the Greater Boston area. According to the US Census, the population of Cambridge is 117,090 as of 2021. It is home to two of the most prestigious universities in the world, Harvard University and the Massachusetts Institute of Technology. Cambridge is a diverse city with a rich history, culture, and art scene. It is known for its many restaurants, cafes, and shops, as well as its vibrant nightlife. Cambridge is a great place to live, work, and visit.

The average rent for an apartment in Cambridge is $3,524. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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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 $4,176.
  • The cheapest ZIP code in Cambridge is 02138 with an average price of $3,473.

Cambridge ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
102142$4,176
202141$4,094
302139$3,643
402140$3,476
502138$3,473

Live near Cambridge, Massachusetts's Top Sights and Attractions

Columbia Park is a popular outdoor destination located in the heart of Cambridge. It features a large pond, a playground, and plenty of green space for picnicking and relaxing. The park is surrounded by a variety of trees, shrubs, and flowers, providing a tranquil atmosphere for visitors. There are also plenty of benches and tables scattered throughout the park, making it a great spot for a leisurely lunch or a game of chess. In addition, the park is home to a variety of wildlife, including ducks, geese, and other birds.

The Museum of Science is an interactive educational and entertainment center located in Cambridge, Massachusetts. It features a variety of interactive exhibits, educational programs, and live presentations. Visitors can explore the universe in the Charles Hayden Planetarium, explore the world of robotics in the Robot Zoo, and explore the world of science in the Hall of Human Life. The museum also features a variety of special events, such as the annual Science Festival and the Science After Hours series. The museum also offers a variety of educational programs and workshops for children and adults.

Mystery Hunt is an interactive puzzle game that takes place in a large building. Participants are given a set of clues and must use their wits to solve puzzles and find the hidden object. The game is designed to challenge and entertain players of all ages and skill levels. The game is typically held over the course of a weekend, and teams of up to four players compete against each other to solve the puzzles and find the hidden object. The game is hosted by a professional game master who provides hints and guidance throughout the game.

Alewife Brook Reservation is a nature preserve located in the northern part of Massachusetts. It is a popular destination for hikers, bikers, and nature lovers. The reservation features a variety of trails, including a 2.5-mile loop around the Alewife Brook, a tributary of the Mystic River. The trails offer stunning views of the surrounding wetlands and woodlands, as well as opportunities to observe local wildlife. The reservation also features a variety of picnic areas, playgrounds, and fishing spots.

The MIT Stata Center is an iconic building on the Massachusetts Institute of Technology campus. It was designed by world-renowned architect Frank Gehry and features a unique, postmodern design. The building is made up of a series of interconnected towers, each with its own unique shape and color. Inside, visitors can explore the various research labs, classrooms, and offices that make up the center. The building also features a large outdoor plaza, which is often used for events and gatherings.

Alewife Brook Greenway is a scenic walking trail located in the northern part of Massachusetts. The trail follows the Alewife Brook and is surrounded by lush greenery and wildlife. The trail is approximately 4 miles long and is a great spot for walking, jogging, biking, and bird watching. The trail also features several bridges and boardwalks, as well as a few benches for resting. The trail is a great way to explore the natural beauty of the area and is a popular spot for locals and visitors alike.

Danehy Park is a large public park located in the suburbs of a major northeastern city. It features a variety of recreational activities, including a large grassy field, two playgrounds, two basketball courts, two tennis courts, a baseball field, and a walking/jogging path. The park also has a pond, which is home to a variety of wildlife, including ducks, geese, and other waterfowl. The park is a popular spot for picnics, barbecues, and other outdoor activities.

Western Avenue Bridge is a historic bridge located in Cambridge, Massachusetts. It is a two-span, steel-arch bridge that spans the Charles River. The bridge is a popular spot for pedestrians and cyclists, offering stunning views of the river and the Boston skyline. It is also a popular spot for fishing and kayaking. The bridge is an iconic landmark in the city, and is a great place to take in the beauty of the area.

Ahearn Field is a popular outdoor attraction located in the heart of Cambridge. It features a large grassy field, perfect for picnics, sports, and other outdoor activities. The field is surrounded by a track, a playground, and a basketball court. It also has a few benches and picnic tables for visitors to relax and enjoy the scenery. Ahearn Field is a great spot for families and friends to gather and enjoy the outdoors.

Unknown Park is a popular destination for locals and visitors alike. It is situated on the banks of the Charles River and offers stunning views of the Boston skyline. The park features a variety of activities, such as walking trails, picnic areas, and a playground. There are also several monuments and sculptures scattered throughout the park, making it a great place to explore and take in the sights. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

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
Southampton$3,111
West Tisbury$2,989
Lexington$2,741
Pembroke$2,613
Shrewsbury$2,500
Tewksbury$2,300
Worcester$2,166

Average household income in Cambridge area graph - US Census

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The median household income in Cambridge in 2021 was $112,565. This represents a 55.9% change from 2011 when the median was $72,225.

#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.

As of December , the average rent in Cambridge is $3,524.
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