Cheap Apartments for Rent in Cambridge, MA from $700 (650 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cambridge.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Cambridge, MA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Cambridge, MA

Pricing Updated: 05/15/2025

Current apartment rentals in the Cambridge, MA area range in price from $925 to $29,690 with an overall median price of $6,959. The three Cambridge neighborhoods with the lowest median rent pricing are Cambridgepark at $2,290, East Cambridge at $1,075, and Aggasiz at $1,050. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Cambridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cambridgepark$4,822$2,29070
East Cambridge$5,600$1,075457
Aggasiz$6,650$1,050393
North Cambridge$7,200$1,750502
Harvard University$8,500$925542
The Port$8,985$1,125443

Cheapest Available Cambridge Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Boylston St, 401 Bed 1 Bath1BR,1BA$1,517

Best Value Apartments for Rent in Cambridge, MA

As of May 15, 2025 the best value apartment in the Cambridge area is the $0.18 price per square foot 22 Shepard St Model at 22 Shepard St, Unit B in the in the St. Elizabeth's neighborhood starting from $1,800. The second greatest value Cambridge apartment is the 84 Gordon St Model at 84 Gordon St, Unit 101 starting at $1,850 with a $0.19 price per square foot in the St. Elizabeth's neighborhood. Here is today’s list of the best values for Cambridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
22 Shepard St, Unit B22 Shepard St1BR,1BA$0.18
84 Gordon St, Unit 10184 Gordon StStudio ,1BA$0.19
175 N Beacon St, Unit 1175 N Beacon StStudio ,1BA$0.18
48 Strathmore Rd, Unit #2348 Strathmore RdStudio ,1BA$0.18
54 West St, Unit #1954 West St1BR,1BA$0.18
3 Forest St, Unit #2023 Forest St1BR,1BA$0.18
153 Murdock St, Unit 2153 Murdock St3BR,2BA$0.18
146 Allston St, Unit 3146 Allston St1BR,1BA$0.18
96 Winthrop St, Unit 196 Winthrop St1BR,1BA$0.18
66 S Huntington Ave, Unit 51-B366 S Huntington AveStudio ,1BA$0.17

Quick Rent Budget Calculator

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Cambridge Overview

Firmly located in the greater Boston region, Cambridge is a gem of the proud state of Massachusetts. Home to both Harvard University and MIT, this scholarly destination is known for so much more than higher learning, making it an ideal locale in which to raise a family or embark on a career.

Why live in Cambridge, MA?

"Basking in history and home to ""the most innovative square mile on the planet"" (Kendall Square), Cambridge rentals have much to offer and have become highly sought-after pieces of property. Ivy league college students flock to the area, given its home to Harvard, and the greater Boston job market is just a short rail ride away. When it comes to life in a Massachusetts city, Cambridge simply hits the mark on all counts."

Best Local Schools in
Cambridge, MA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Cambridge, MA Rentals by Map

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See the most popular apartments and homes in Cambridge, MA

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Getting Around Cambridge, MA

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

97 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

72 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Cambridge Apartments

What is a cheap apartment in Cambridge?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cambridge is under $1,517.

What is the price of a cheap apartment in Cambridge?

The cheapest apartment in Cambridge is Boylston St, 40 which is listed at $1,517, while the average apartment in Cambridge costs $6,959.

What types of apartments are the cheapest in Cambridge?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 512 regular apartments in Cambridge that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cambridge?

Cheap apartments in Cambridge have an average cost of $565 which is $6,394 cheaper than the average rent for all rentals in Cambridge.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.