
Cheap Homes for Rent in the MIT Neighborhood of Cambridge, MA from $3,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the MIT area of Cambridge.


55 Magazine St, Unit 29

20 Chestnut St
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

Total Monthly Price
129 Franklin St, Unit SI FL1-ID991

240 Sidney St

20 Chestnut St, Unit 405
Rent According to Income: A Look at Income-Restricted Rentals
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95 Allston St
MIT, Cambridge, MA Local Guide

How much does it cost to rent a home in MIT?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| MIT 2 Bedroom Homes for Rent | $4,295 | $3,800 | $5,575 |
| MIT 3 Bedroom Homes for Rent | $5,630 | $4,100 | $8,000 |
| MIT 4 Bedroom Homes for Rent | $4,700 | $3,200 | $6,200 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Auburn Court priced from $3,500. Chroma has the second lowest priced unit, which is a Studio apartment currently listed from $3,776. Here are the most affordable MIT apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Auburn Court | 2 Bed Flat | 1BR,1BA | $3,500 |
| Chroma | Teal | Studio,1BA | $3,776 |
| Pacific Street Apartments | 2 bedroom, 1 bath | 2BR,1BA | $3,800 |
Best Value Apartments for Rent in MIT, MA
As of August 05, 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 37 Brookline St Model at 37 Brookline St, Unit 12 starting at $4,800 with a $0.48 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 |
| 37 Brookline St, Unit 12 | 37 Brookline St | 3BR,1.5BA | $0.48 |
| 23 Kelly Rd, Unit 1 | 23 Kelly Rd | 3BR,1BA | $0.45 |
| 66 Pleasant St, Unit 2 | 66 Pleasant St | 3BR,1BA | $3.08 |
| The Residences of University Park | 91 Sidney - 2C Renovation 2 | 2BR,2BA | $4.30 |
| 36 Speridakis Ter, Unit 1 | 36 Speridakis Ter | 3BR,1BA | $3.64 |
| 11 Peters St, Unit 2 | 11 Peters St | 2BR,2BA | $3.37 |
| 117 Auburn St | 117 Auburn St | 1BR,1BA | $3.55 |
| 19 Speridakis Ter, Unit 19 | 19 Speridakis Ter | 3BR,1BA | $4.32 |
| Pacific Street Apartments | 2 bedroom, 1 bath | 2BR,1BA | $4.18 |
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.
Read ArticleQuick Rent Budget Calculator
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 #14
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about MIT
What type of rentals are currently available in MIT?
There are currently 71 Apartments for Rent in MIT, MA with pricing that ranges from $3,295 to $9,815. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in MIT ranging from $3,200 to $8,000.
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 $3,200 to $8,000 with an average monthly rent of $4,783.
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 $4,000 to $6,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,100 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $6,300.
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.
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