18 Cheap Apartments for rent in Cambridge, MA

Last updated January 20 at 11:48am UTC
361 Western Avenue
Riverside
Cambridge, MA
Updated January 20 at 2:10am UTC
1 Bedroom
$1,800
Results within 1 miles of Cambridge, MA
833 Beacon St # 463
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 20 at 11:16am UTC
Studio
$1,525
171 Hemenway St Apt 3
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 17 at 11:40am UTC
Studio
$1,725
50 Green St
Coolidge Corner
Brookline, MA
Updated January 20 at 11:48am UTC
1 Bedroom
$1,800
11 Keswick St Apt 3
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 19 at 11:06am UTC
Studio
$1,350
17 Keswick St # 14
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 4 at 12:14pm UTC
Studio
$1,575
278 Newbury St
Back Bay
Boston, MA
Updated January 11 at 11:57am UTC
Studio
$1,795
15 Aberdeen St # 401
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 1 at 12:11pm UTC
Studio
$1,600
22 Grand View Ave #3
Prospect Hill
Somerville, MA
Updated January 11 at 10:58am UTC
1 Bedroom
$1,600
17 Keswick St Apt 6
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 1 at 12:10pm UTC
Studio
$1,525
20 Hanover Ave
North End
Boston, MA
Updated January 18 at 8:11pm UTC
Studio
$1,650
307 Alewife Brook Pkwy
West Somerville
Somerville, MA
Updated January 4 at 2:15am UTC
2 Bedrooms
$1,800
17 Keswick St # 16
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated January 4 at 12:02pm UTC
Studio
$1,575
64 Brighton Ave # 20
Commonwealth
Boston, MA
Updated January 20 at 11:18am UTC
1 Bedroom
$1,550
25 Park Dr Apt 24
Fenway - Kenmore - Audubon Circle - Longwood
Boston, MA
Updated December 21 at 11:41am UTC
Studio
$1,750
1340 Commonwealth Ave Apt 14
Allston
Boston, MA
Updated January 12 at 12:08pm UTC
1 Bedroom
$1,800
330 North St Apt 41
North End
Boston, MA
Updated January 17 at 11:40am UTC
1 Bedroom
$1,800
246 Newbury St
Back Bay
Boston, MA
Updated January 11 at 11:57am UTC
Studio
$1,795
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January 2018 Cambridge Rent Report

Welcome to the January 2018 Cambridge Rent Report. Cambridge rents remained steady over the past month. In this report, we'll evaluate trends in the Cambridge rental market, including comparisons to cities throughout the metro, state, and nation.

View full Cambridge Rent Report
Rent Report
Cambridge

January 2018 Cambridge Rent Report

Welcome to the January 2018 Cambridge Rent Report. Cambridge rents remained steady over the past month. In this report, we'll evaluate trends in the Cambridge rental market, including comparisons to cities throughout the metro, state, and nation.

Cambridge rent trends were flat over the past month

Cambridge rents have remained flat over the past month, however, they have increased slightly by 1.0% year-over-year. Currently, median rents in Cambridge stand at $1,760 for a one-bedroom apartment and $2,180 for a two-bedroom. Cambridge's year-over-year rent growth lags the state average of 1.9%, as well as the national average of 2.8%.

Rents rising across the Boston Metro

Throughout the past year, rent increases have been occurring not just in the city of Cambridge, but across the entire metro. Of the largest 10 cities that we have data for in the Boston metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Lawrence has seen the fastest rent growth in the metro, with a year-over-year increase of 5.3%. The median two-bedroom there costs $1,660, while one-bedrooms go for $1,340.
  • Over the past month, Framingham has seen the biggest rent drop in the metro, with a decline of 2.1%. Median two-bedrooms there cost $1,810, while one-bedrooms go for $1,460.
  • Haverhill has the least expensive rents in the Boston metro, with a two-bedroom median of $1,460; rents decreased 0.2% over the past month but were up 2.4% over the past year.
  • Newton has the most expensive rents of the largest cities in the Boston metro, with a two-bedroom median of $2,210; rents went down 1.0% over the past month but rose 2.0% over the past year.

Many large cities nationwide show more affordable rents compared to Cambridge

As rents have increased marginally in Cambridge, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Cambridge is less affordable for renters.

  • Cambridge's median two-bedroom rent of $2,180 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 1.0% increase in Cambridge.
  • While Cambridge's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Los Angeles (+5.4%), Seattle (+3.0%), and Baltimore (+2.9%).
  • Renters will generally find more expensive prices in Cambridge than most large cities. For example, Philadelphia has a median 2BR rent of $1,160, where Cambridge is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Boston $1,660 $2,050 -0.3% 1.9%
Lowell $1,210 $1,500 -0.0% 2.1%
Cambridge $1,760 $2,180 0.0% 1.0%
Brockton $1,300 $1,610 -0.4% -0.2%
Quincy $1,460 $1,810 -1.7% 3.6%
Newton $1,780 $2,210 -1.0% 2.0%
Lawrence $1,340 $1,660 0.4% 5.3%
Somerville $1,610 $1,990 0.0% 2.4%
Framingham $1,460 $1,810 -2.1% 2.0%
Haverhill $1,180 $1,460 -0.2% 2.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.