Homes & Apartments for Rent in 02138

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What to Know About

Living in 02138

Cambridge is a vibrant city in Greater Boston with a rich history and a strong sense of community. Home to prestigious universities such as Harvard University and the Massachusetts Institute of Technology (MIT), the city is a hub for education and innovation. Stroll through the town and discover a wealth of knowledge with the Longfellow House, Harvard Art Museums, American Repertory Theater, and the Peabody Museum of Archaeology and Ethnology. Cambridge is also home to a diverse economy, with numerous local businesses, including tech, finance, and biotech companies.

Explore the lush greenery of the city's parks, gardens, and rivers at the Magazine Beach Park, Fresh Pond Reservation, or Charles River. Food lovers will enjoy the diverse dining experiences, from New England Seafood to high-end restaurants serving the local specialty, Clam Chowder. In addition, Cambridge hosts various events throughout the year, such as the Cambridge Arts River Festival, the Harvard Film Archive screenings, and the MIT Museum exhibitions.

With its bustling streets, iconic architecture, and numerous cultural and recreational opportunities, Cambridge is a great place to call home for those who seek an urban lifestyle with an academic atmosphere.

Rental Market Trends

Cambridge, MA

As of September 2026, Cambridge's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Cambridge's average rent is 25.0% ($693) higher than the Massachusetts average of $2,773 and 91.7% ($1,658) higher than the U.S. average of $1,808.

Average Rent
$3,466
Monthly ChangeMonth Over Month Change
Decreased0.6% ($20)
Yearly ChangeYear Over Year Change
Increased1.2% ($40)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $3,082 Decreased0.4% ($13) Increased9.1% ($257)
2 Beds $4,050 Decreased2.3% ($94) Increased1.4% ($54)
3 Beds $4,768 Decreased5.1% ($255) Increased5.3% ($238)
Nearby Cities Average Rent Avg. Rent vs. CambridgeAverage Rent vs. Cambridge Avg. Days on MarketAverage Days on Market
Somerville $3,236 Decreased6.6% ($230) 23 days
Allston $3,173 Decreased8.5% ($293) 40 days
Charlestown $4,132 Increased19.2% ($666) 35 days
Boston $3,805 Increased9.8% ($339) 30 days
Roxbury Crossing $3,389 Decreased2.2% ($77) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Cambridge Rental Market FAQs

Explore rental prices, market trends, and availability in Cambridge, MA.

The average rent in Cambridge, MA is $3,466 per month.
Homes in Cambridge typically rent for between $2,157 and $6,198 per month, with an average of $3,466 per month.
In Cambridge, the average rent for a 1-bedroom home is $3,082 per month, for a 2-bedroom home, $4,050 per month, and a 3-bedroom home is $4,768 per month.
The average rent in Cambridge is 91.7% ($1,658) higher than the national average of $1,808 per month.
The average rent in Cambridge has decreased by 0.6% ($20) in the last month and increased by 1.2% ($40) over the past year.
The rental market in Cambridge, MA, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Cambridge, MA, the average rental stays on the market for approximately 21 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 496 rental properties available in Cambridge, MA.
Based on the current averages, a household would need an annual income of $162,000 to comfortably afford a 2-bedroom home in Cambridge.
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