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Homes & Apartments for Rent in Cambridge, MA 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

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As of October 2026, Cambridge's rental market is highly competitive, with rentals spending about 30 days on the market, faster than in Massachusetts (52), and rents up 2.4% over the past year. Cambridge's average rent is 11.7% ($385) higher than the Massachusetts average of $3,277 and 75.9% ($1,580) higher than the U.S. average of $2,082.

Average Rent
$3,662
Monthly ChangeMonth Over Month Change
Decreased0.45% ($17)
Yearly ChangeYear Over Year Change
Increased2.4% ($85)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $3,115 Increased0.28% ($9) Increased4.3% ($129)
2 Beds $3,990 Decreased1.15% ($46) Increased0.6% ($24)
3 Beds $4,601 Decreased1.43% ($67) Decreased0.5% ($21)
Nearby Cities Average Rent Avg. Rent vs. CambridgeAverage Rent vs. Cambridge Days on Market
Somerville $3,558 Decreased2.8% ($104) 48 days
Allston $3,332 Decreased9.0% ($330) 91 days
Charlestown $4,233 Increased15.6% ($571) 53 days
Boston $4,016 Increased9.7% ($354) 51 days
Roxbury Crossing $3,897 Increased6.4% ($235) 153 days
Based on rentals advertised on RentalSource in and around Cambridge.
Frequently Asked Questions
Cambridge Rental Market FAQs

Explore rental prices, market conditions, and affordability in Cambridge, MA.

The average rent in Cambridge, MA is $3,662 per month.
In Cambridge, the average rent is $3,115 per month for a 1-bedroom home, $3,990 for a 2-bedroom home and $4,601 for a 3-bedroom home.
The average rent in Cambridge is 75.9% ($1,580) higher than the national average of $2,082 per month.
The rental market in Cambridge, MA is currently highly competitive, with rentals spending about 30 days on the market, faster than in Massachusetts (52), and rents up 2.4% over the past year.
Based on the current averages, a household would need an annual income of $159,600 to comfortably afford a 2-bedroom home in Cambridge.
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