Cheap Homes for Rent in MIT Neighborhood of Cambridge, MA from $2,400 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the MIT area of Cambridge.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 68 Allston St

68 Allston St, Unit 1

68 Allston St
CambridgeMA02139

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

MIT, Cambridge, MA Local Guide

Cheapest Available MIT Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Auburn Court2 Bed Flat2BR,1BA$3,400
The Residences of University Park100 - 1C1BR,1BA$3,555

Best Value Apartments for Rent in MIT, MA

As of June 27, 2025 the best value apartment in the MIT area is the $0.18 price per square foot 146 Allston St Model at 146 Allston St, Unit 3 in the in the Kendall Square neighborhood starting from $1,800. The second greatest value MIT apartment is the 8 Kelly Rd Model at 8 Kelly Rd, Unit 1 starting at $3,200 with a $0.32 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 ListingModel NameBed/BathPrice Per Sq.Ft.
146 Allston St, Unit 3146 Allston St1BR,1BA$0.18
8 Kelly Rd, Unit 18 Kelly Rd2BR,1.5BA$0.32
113 Auburn St, Unit 54113 Auburn St1BR,1BA$0.38
52 Kelly Rd, Unit 2T52 Kelly Rd3BR,1BA$0.43
52 Kelly Rd, Unit 2A52 Kelly Rd3BR,1BA$0.43
36 Speridakis Ter, Unit 136 Speridakis Ter3BR,1BA$0.44
45 Magazine St, Unit 4B45 Magazine St3BR,2BA$0.44
230 Brookline St, Unit 1230 Brookline St3BR,2BA$0.48
240 Allston St, Unit 1240 Allston St4BR,2BA$0.58
6 Chestnut St6 Chestnut St2BR,2BA$1.81

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Frequently Asked Questions about MIT

What type of rentals are currently available in MIT?

There are currently 145 Apartments for Rent in MIT, MA with pricing that ranges from $1,800 to $29,678. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in MIT ranging from $2,400 to $7,999.

What is the current price range for Rental Homes in MIT?

Today's rental pricing for Homes for Rent, Condos and Townhomes in MIT ranges from $2,400 to $7,999 with an average monthly rent of $4,946.

How much are larger Three and Four Bedroom Rentals in MIT?

For those who are looking for larger living arrangements, Three Bedroom Apartments in MIT range from $3,500 to $8,283, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $7,800. Four Bedroom Single-Family rentals are also available starting from $3,900 and Four Bedroom Apartments start at $4,100.

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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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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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.