$5,695 Per Month
- 3 Beds
- 1.5 Baths
- 1,165 Sq Ft
- Condo for Rent
182 Magazine St Unit 1, Cambridge, MA 02139
182 Magazine St Unit 1, Cambridge, MA 02139
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 $3,540 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $146,000 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 $3,650 per month in Cambridge, MA, renters typically need to show $10,950 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 26.5, 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 Mid-Cambridge, Spring Hill, Prospect Hill, Baldwin and Neighborhood Nine, each with its own character and price range.
