
Cheap Apartments for Rent in the MIT Neighborhood of Cambridge, MA from $1,800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the MIT area of Cambridge.


Total Monthly Price
157 Hamilton St, Unit 2

524 Putnam Ave

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189 Brookline St, Unit 2

524 Putnam Ave, Unit 1

106 Magazine St

524 Putnam Ave, Unit 1
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524 Putnam Ave, Unit #1

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68 Allston St, Unit 1

Auburn Court

187 Brookline St, Unit 1

240 Sidney St

Total Monthly Price
Chroma

187 Brookline St, Unit #3
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117 Auburn St

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The Residences of University Park

Total Monthly Price
6 Chestnut St

Total Monthly Price
23 Kelly Rd, Unit 1

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60 Magazine St, Unit B

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13 Speridakis Ter, Unit 2

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36 Speridakis Ter, Unit 1
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Total Monthly Price
66 Pleasant St, Unit 2

Total Monthly Price
23 Kelly Rd, Unit 1

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19 Speridakis Ter, Unit 19

57 Magazine St

171 Erie St

Pacific Street Apartments

20 Chestnut St
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50 Magazine St
MIT, Cambridge, MA Local Guide

How much does it cost to rent an apartment in MIT?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| MIT Studio Apartments | $3,333 | $3,333 | $3,333 |
| MIT 1 Bedroom Apartments | $3,793 | $1,800 | $7,178 |
| MIT 2 Bedroom Apartments | $4,855 | $3,295 | $7,960 |
| MIT 3 Bedroom Apartments | $4,825 | $4,000 | $7,995 |
| MIT 4 Bedroom Apartments | $5,150 | $4,000 | $6,300 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the MIT Neighborhood of Cambridge, MA.
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MIT, Cambridge, MA Local Guide
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Cheapest Available MIT Apartments for Rent
 The cheapest available apartment rental in the MIT area of Boston, MA is a 1 Bed unit found at 524 Putnam Ave priced from $2,600. Chroma has the second lowest priced unit, which is a Studio apartment currently listed from $3,333. Here are the most affordable MIT apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 524 Putnam Ave | C | 1BR,1BA | $2,600 |
| Chroma | Teal | Studio,1BA | $3,333 |
| Auburn Court | 2 Bed Flat | 1BR,1BA | $3,500 |
| Pacific Street Apartments | 2 bedroom, 1 bath | 2BR,1BA | $3,800 |
Best Value Apartments for Rent in MIT, MA
As of June 12, 2026 the best value apartment in the MIT area is the $0.41 price per square foot 23 Kelly Rd Model at 23 Kelly Rd, Unit 1 in the in the Kendall Square neighborhood starting from $4,100. The second greatest value MIT apartment is the 23 Kelly Rd Model at 23 Kelly Rd, Unit 1 starting at $4,500 with a $0.45 price per square foot in the Kendall Square neighborhood. Here is today’s list of the best values for MIT apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 23 Kelly Rd, Unit 1 | 23 Kelly Rd | 3BR,1.5BA | $0.41 |
| 23 Kelly Rd, Unit 1 | 23 Kelly Rd | 3BR,1BA | $0.45 |
| 6 Chestnut St | 6 Chestnut St | 2BR,2BA | $1.81 |
| 296 Brookline St, Unit 1 | 296 Brookline St | 3BR,2BA | $3.43 |
| 66 Pleasant St, Unit 2 | 66 Pleasant St | 4BR,1BA | $3.08 |
| 36 Speridakis Ter, Unit 1 | 36 Speridakis Ter | 3BR,1BA | $3.64 |
| 13 Speridakis Ter, Unit 2 | 13 Speridakis Ter | 3BR,2BA | $3.96 |
| 157 Hamilton St, Unit 2 | 157 Hamilton St | 1BR,1BA | $2.25 |
| 117 Auburn St | 117 Auburn St | 1BR,1BA | $3.55 |
| 146 Allston St | 146 Allston St | 1BR,1BA | $2.57 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleMit, Cambridge, MA
Ranked #8
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap MIT Apartments
What is the price of a cheap apartment in MIT?
The cheapest apartment in MIT is 524 Putnam Ave which is listed at $2,600, while the average apartment in MIT costs $5,201.
Expert Rental Resources
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.
Helpful Local Expert Guides

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.