Rental market snapshot for Mid-Cambridge, Cambridge
Mid-Cambridge rental market summary
The rental market in Mid-Cambridge, Massachusetts is showing signs of growth. In July 2023, there were 237 new listings, a significant increase from the previous month. The median rent for the area also increased from $3,000 in June 2023 to $3,025 in July 2023, representing a 0.8% increase. This is a significant increase from the median rent in July 2022, which was $2,795, representing an 8.2% increase. This suggests that the rental market in Mid-Cambridge is becoming increasingly competitive.
The increasing number of listings and rising median rent prices indicate that the rental market in Mid-Cambridge is becoming more attractive to potential tenants. With more options available, tenants can find the perfect rental for their needs. The increasing median rent prices also suggest that landlords are able to charge higher prices for their properties, which can lead to higher profits. As the rental market in Mid-Cambridge continues to grow, it is likely that more people will be drawn to the area in search of a place to call home.
Median rent for all residential properties in Mid-Cambridge
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The most expensive listings and top trending buildings in Mid-Cambridge
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
10B Ellery St | $8,100 | 3 / 3.5 |
1600 Cambridge St | $7,890 | 6 / 3.5 |
367 Harvard St | $7,600 | 5 / 4.5 |
14 Bigelow St | $6,875 | 5 / 2.0 |
8 Goodman Rd | $6,800 | 4 / 2.5 |
Top Trending Buildings
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Bedroom Breakdown in Mid-Cambridge
Mid-Cambridge neighborhood apartments rents
The rental market for studios in Mid-Cambridge, Massachusetts is showing signs of growth. In June 2023, there was only one new studio listing, but the median rent for studios increased by 4.2% from $2,400 in May 2023 to $2,500 in June 2023. This suggests that demand for studio apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Mid-Cambridge, Massachusetts in July 2023 is relatively stable, with only one new listing and a 4.7% decrease in median rent from June 2023 to July 2023. The median rent for 1-bedroom apartments in July 2023 is $2,550, which is slightly lower than the median rent of $2,675 in June 2023. This suggests that the rental market in Mid-Cambridge is relatively stable and that there is a good balance between supply and demand.
The rental market for 2-bedroom apartments in Mid-Cambridge, Massachusetts is showing signs of stability. In July 2023, there were only two new listings, indicating that the market is not experiencing a large influx of new rental units. The median rent for 2-bedroom apartments in July 2023 was $3,325, a slight increase of 1.1% from the median rent in June 2023. This suggests that the rental market is not experiencing significant fluctuations in pricing, indicating that it is a stable market.