Cheapest Neighborhoods in Cambridge, MA
Some of the cheapest neighborhoods in Cambridge are Inman Square, Mid-Cambridge, and Porter Square. These neighborhoods offer some of the lowest rent prices in Cambridge, making them ideal for renters on a budget. As of June 15, 2026, the average rent in Cambridge is $3,391, which is 2.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Inman Square
Average Rent
$2,817/Month
Year-Over-Year Rent Change
1.8%
Units Available
23 Rentals
Inman Square is the perfect spot for budget-conscious renters. With an array of affordable eateries, green spaces, and entertainment options, this area provides a well-rounded living experience for residents. Some local favorites include The Lilypad for entertainment and Moona and Pita Cambridge for dining.
Mid-Cambridge
Average Rent
$2,860/Month
Year-Over-Year Rent Change
0.5%
Units Available
173 Rentals
Mid-Cambridge is a centrally located neighborhood with easy access to both Harvard and MIT. It's home to the Cambridge Public Library, a historic landmark. The neighborhood offers a range of affordable housing options, making it a popular choice for students.
Porter Square
Average Rent
$2,939/Month
Units Available
40 Rentals
Porter Square is a lively neighborhood with a range of budget-friendly eateries. It's home to the Porter Square Shopping Center, a popular spot for shopping, and the Porter Square Station, making commuting a breeze for residents. Here, renters will enjoy the urban allure of Cambridge without the high costs.
West Cambridge
Average Rent
$2,959/Month
Year-Over-Year Rent Change
1%
Units Available
44 Rentals
Centrally located in the city's commercial district, West Cambridge has everything a renter could want. This famous shopping, dining, and entertainment hub is known for its lively atmosphere and convenient access to Harvard Square and its namesake metro station.
Neighborhood Nine
Average Rent
$2,968/Month
Year-Over-Year Rent Change
2.5%
Units Available
93 Rentals
Neighborhood Nine combines affordability with accessibility, all while hosting some of the city's most beloved spots. This area is home to Danehy Park and the Cambridge Common, perfect for affordable recreation and leisure. Local boutiques and cafes also make daily living both enjoyable and economical in this budget-friendly, feel-good neighborhood.
Aggasiz
Average Rent
$3,018/Month
Year-Over-Year Rent Change
2.1%
Units Available
68 Rentals
Aggasiz, also known as Baldwin or Harvard North, is a neighborhood rich in history and culture. It's home to the Harvard Museum of Natural History, a popular attraction among locals and visitors alike. The neighborhood also offers a range of affordable housing options, making it a popular choice for students.
Harvard Square
Average Rent
$3,182/Month
Year-Over-Year Rent Change
2.4%
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Cambridge, Harvard Square might be the perfect place! It has an average rent price of $3,182, while the city’s average stands at $3,391. In the last year, prices have decreased by 2.4%. Harvard Square is near Harvard Museum of Natural History, Harvard University, and Harvard Square Station.
Riverside
Average Rent
$3,192/Month
Year-Over-Year Rent Change
4.2%
Units Available
96 Rentals
Riverside, also known as "Area 7", is a neighborhood rich in history and culture. It's home to the popular Hoyt Field, a great spot for outdoor activities. The neighborhood also boasts affordable housing options near the Charles River, offering scenic views.
Wellington-Harrington
Average Rent
$3,268/Month
Year-Over-Year Rent Change
3.7%
Units Available
89 Rentals
Wellington-Harrington delivers affordable housing options with a tight-knit neighborhood feel. Residents love this area for its walkability and array of multicultural and locally-owned businesses. They also enjoy its diverse housing landscape, which includes options ranging from historic, colonial-style buildings to newly constructed properties.
North Cambridge
Average Rent
$3,277/Month
Year-Over-Year Rent Change
2.3%
Units Available
49 Rentals
Budget-conscious renters will appreciate North Cambridge's affordable living options. Alewife Brook Parkway and nearby parks offer great outdoor activities, while local diners serve as popular spots for enjoying inexpensive meals. When you live here, adventure will be right outside your doorstep.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.