Rental market snapshot for North Cambridge, Cambridge
North Cambridge rental market summary
The rental market in North Cambridge, Massachusetts is showing signs of growth. In July 2023, there were 306 new listings, a significant increase from the previous month. The median rent for the area also increased from $3,275 in June 2023 to $3,300 in July 2023, representing a 0.8% increase. This is a positive sign for the rental market, as it indicates that demand is increasing and that landlords are able to raise their prices.
The rental market in North Cambridge has also seen a 5.6% increase in median rent from July 2022 to July 2023. This is a significant increase, and it suggests that the rental market in North Cambridge is becoming more attractive to potential renters. With more listings and higher prices, the rental market in North Cambridge is likely to continue to grow in the coming months.
Median rent for all residential properties in North Cambridge
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The most expensive listings and top trending buildings in North Cambridge
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 30 Clay St | $8,000 | 4 / 2.0 |
| 50 Cambridgepark Dr | $6,275 | 3 / 2.0 |
| 130 Cambridgepark Dr | $5,261 | 2 / 2.0 |
| 173 Rindge Ave | $5,150 | 5 / 2.0 |
| 175 Rindge Ave | $5,100 | 5 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Hanover R.S. Limited Partnership | $3,599 |
| Magnolia Capital Management Company Inc. | $3,367 |
| Windsor Property Management Co. | $3,173 |
| Zillow Rental Network | $3,100 |
| Schochet Companies | $1,840 |
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Bedroom Breakdown in North Cambridge
North Cambridge neighborhood apartments rents
The rental market for studios in North Cambridge, Massachusetts is showing signs of growth. In July 2023, there were 9 new studio listings, representing a 13.2% increase in rent from June 2023. The median rent for studios in July 2023 was $3,181, which is significantly higher than the median rent of $2,811 in June 2023. This indicates that the rental market for studios in North Cambridge is becoming increasingly competitive, with more people looking to rent studios in the area.
The rental market for 1-bedroom apartments in North Cambridge, Massachusetts is showing signs of growth. In July 2023, there were 25 new 1-bedroom listings, a 10.5% increase in median rent from June 2023 to July 2023, and a median rent of $3,350. This indicates that demand for 1-bedroom apartments in North Cambridge is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in North Cambridge, Massachusetts is showing signs of stability. In July 2023, there were 26 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $4,242, only a 1.8% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.