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Rental prices in MIT, Cambridge, MA have decreased by 0.87% over the past year. The average rent moved from $3,607 to $3,576.
Check out the average rent in Cambridge.
The national average price of rental apartments is $1,741, while the average monthly rent in MIT, Cambridge, MA is $3,576.
The average monthly rent for an apartment in MIT, Cambridge, MA is around $3,576.
A share of 6% of apartments in MIT, Cambridge, MA have the cheapest rents between $2,001-$2,500. Around 25% of MIT's apartments have monthly rents between $2,501-$3,000. There are 69% of apartments with rents between > $3,000.
The largest share of rentals in MIT, Cambridge, MA (69%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Renting a house in MIT, Cambridge, MA comes with more space, both indoor and outdoor.
Houses for rent in MIT, Cambridge, MA are usually located in non-central areas.
In total, MIT, Cambridge, MA has 10,821 residents, 5,189 women and 5,632 men, per U.S. Census recent estimates. Statistics show that the median age of MIT’s population is 30.
There is a total of 4,603 households in MIT, Cambridge, MA. Of these, 707 have children and 3,896 are without children. Per Census Bureau’s most current estimates, 1,764 family households and 2,839 non-family households live in this area. The size of a household in MIT is 1.54 people, on average. The median household annual income in MIT equals $146,718, and the monthly housing costs equal $3,244.
According to data from the U.S. Census Bureau, 2% of the population in MIT, Cambridge, MA have no high school education, 8% went to high-school, and 15% have partially completed college. Moreover, 2% of the population hold an Associate Degree, 32% hold a Bachelor Degree, and 40% hold a Graduate Degree.
