Massachusetts Institute of Technology

Cambridge, MA

Background Image

Massachusetts Institute of Technology - Cambridge, MA

Area Guide

Share Guide

A peerless institution that consistently exceeds its reputation

Private Urban Historic Top-Ranking Prestigious STEM Research Walkable Mass Transit

Enjoying a well-earned reputation as perhaps the most prestigious institution specializing in math and science in the United States, MIT has been a pioneering force in a multitude of fields since its founding in 1861. The university’s alumni have collectively been responsible for some of the most groundbreaking developments of the 20th century, from computer technology to astrophysics to defense research, and the institute continues to challenge some of the world’s greatest minds to reach their fullest potential. Along with its equally-revered Cambridge neighbor Harvard, MIT forms a cornerstone of the Boston area’s brain trust of peerless higher-learning institutions.

While most students and faculty at MIT are famous for their industrious habits keeping them on-campus, the surrounding Boston community offers a wealth of terrific options for spending any valuable free time. The campus on the Charles River is only a short walk or ride away from some of the historic city’s most beloved attractions: a short hop across the Harvard Bridge will take you to Fenway Park and Back Bay, while the Longfellow Bridge will take you directly to Beacon Hill, Boston Common, and the North End. Virtually anywhere you go within these areas is jam-packed with historic architecture, stellar restaurants, and bars to suit any taste; with the added convenience of MBTA service, the entire region is at your fingertips even if you don’t want to drive anywhere.

Rent Trends

As of March 2025, the average apartment rent in Cambridge, MA is $2,785 for a studio, $3,299 for one bedroom, $4,157 for two bedrooms, and $5,349 for three bedrooms. Apartment rent in Cambridge has increased by 3.2% in the past year.

  • Studio

  • 472 sq ft

    Average Sq Ft

  • $2,785/month

    Average Rent

  • 1 BR

  • 723 sq ft

    Average Sq Ft

  • $3,299/month

    Average Rent

  • 2 BR

  • 1,054 sq ft

    Average Sq Ft

  • $4,157/month

    Average Rent

  • 3 BR

  • 1,264 sq ft

    Average Sq Ft

  • $5,349/month

    Average Rent

Transportation

92

Walker's Paradise

out of 100 WalkScore® Rating

Lace up your walking shoes because this area is considered a walker’s paradise.

72

Excellent Transit

out of 100 TransitScore® Rating

You’ll have excellent transit living in this area, with several nearby transit stops.

97

Biker's Paradise

out of 100 BikeScore® Rating

Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.

Schools

John M. Tobin Montessori School

Public

Grades PK-5

320 Students

9
out of 10

Graham and Parks

Public

Grades PK-5

362 Students

8
out of 10

Maria L. Baldwin

Public

Grades PK-5

340 Students

8
out of 10

Martin Luther King Jr.

Public

Grades PK-5

332 Students

8
out of 10

Haggerty

Public

Grades PK-5

232 Students

8
out of 10

Putnam Avenue Upper School

Public

Grades 6-8

251 Students

8
out of 10

The Amigos School

Public

Grades PK-8

407 Students

7
out of 10

Rindge Avenue Upper School

Public

Grades 6-8

274 Students

7
out of 10

Vassal Lane Upper School

Public

Grades 6-8

273 Students

6
out of 10

Cambridge Street Upper School

Public

Grades 6-8

293 Students

4
out of 10

Cambridge Rindge and Latin

Public

Grades 9-12

1,867 Students

6
out of 10

Points of Interest

Parks and Recreation

  • Charles River Reservation
  • Coit Observatory
  • Museum of Science
  • Boston Public Garden
  • Boston African American National Historic Site

Airports

  • General Edward Lawrence Logan International

Top Apartments Near Massachusetts Institute of Technology

Houses Near Massachusetts Institute of Technology

Property Management Companies

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.