Rental market snapshot for MIT, Cambridge

MIT rental market summary

The rental market in MIT, Massachusetts is showing signs of stability. In July 2023, there were 20 new listings, indicating that the market is still active. The median rent in July 2023 was $3,384, a slight decrease of 5.3% from the previous month. This suggests that the market is not experiencing any drastic changes in rent prices. When compared to the same time last year, the median rent has only decreased by 4.0%, indicating that the market is relatively stable.

Overall, the rental market in MIT, Massachusetts appears to be healthy and stable. The number of new listings and the median rent prices are both relatively consistent, suggesting that the market is not experiencing any major changes. This is good news for renters, as it indicates that they can expect to find affordable housing in the area.

Median rent for all residential properties in MIT

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The most expensive listings and top trending buildings in MIT

Most Expensive Listings

AddressRent PriceBed / Bath
88 Ames St$5,3862 / 2.0
88 Ames St$4,1421 / 1.0
88 Ames St$4,1111 / 1.0
100 Memorial Dr$3,7702 / 1.0
88 Ames St$3,3840 / 1.0

Top Trending Buildings

building nameavg rent price
The Dolben Company Inc.$3,030

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Bedroom Breakdown in MIT

Studio
$2,525
MEDIAN RENT
1 Bedroom
$3,030
MEDIAN RENT
2 Bedroom
$3,770
MEDIAN RENT

MIT neighborhood apartments rents

The rental market for studios in MIT, Massachusetts is showing signs of growth. In May 2023, there were two new studio listings, indicating an increase in demand for rental units. The median rent for studios in May 2023 was $2,525, a 16.4% decrease from the median rent in April 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for studios in MIT, Massachusetts appears to be on the rise.

The rental market for 1-bedroom apartments in MIT, Massachusetts is relatively stable. In July 2023, there was only one new listing, and the median rent increased by 1.2% from June 2023 to July 2023, from $2,995 to $3,030. This suggests that the rental market is not experiencing any significant changes in the short-term.

The rental market for 2-bedroom apartments in MIT, Massachusetts is relatively stable, with only one new listing in July 2023. The median rent for 2-bedroom apartments in July 2023 is $3,770, indicating that the rental market is not experiencing any significant changes in prices. However, without data for June 2023, it is difficult to determine if there has been any change in rent from month to month. Overall, the rental market for 2-bedroom apartments in MIT, Massachusetts appears to be relatively stable.

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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 2023-07-31, the median rent in MIT is $3,384.
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