$3,850 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
217 Thorndike St Unit 308, Cambridge, MA 02141
217 Thorndike St Unit 308, Cambridge, MA 02141
Frequently Asked Questions
How much does it cost to rent a condo in Cambridge, MA?
The median rent for a condo in Cambridge, MA is $3,500 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Cambridge, MA?
To comfortably afford the median rent in Cambridge, MA, a household needs to earn roughly $144,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,600 per month in Cambridge, MA, renters typically need to show $10,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cambridge, MA?
In Cambridge, MA, the price-to-rent ratio is 26.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Cambridge, MA are best for renting a condo?
The best neighborhood for renting in Cambridge, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Neighborhood Nine, West Cambridge, Baldwin, Riverside and Mid-Cambridge, each with its own character and price range.
