Rental Activity & Market Trends
The Cambridge rental market saw fluctuations in rental closings and pricing:
- Highest Number of Rentals Closed: July (198 rentals closed)
- Lowest Number of Rentals Closed: December (54 rentals closed)
- Fastest Leasing Period: April & August (29 days on the market)
- Slowest Leasing Period: December (60 days on the market)
Comparison to 2023:
- 2024 saw an increase in median rent prices across most unit types compared to 2023.
- Days on Market increased toward the end of 2024, suggesting renters had more negotiation power later in the year.
Median Rent Prices & Market Trends
The Cambridge rental market showed varied price trends across different unit types:
- Highest Median Rent: November ($4,080)
- Lowest Median Rent: December ($3,549)
- Studio Apartments: Prices ranged from $1,990 in February to $2,759 in March.
- One-Bedroom Apartments: Prices fluctuated between $2,663 (January) and $3,054 (May).
- Two-Bedroom Apartments: Prices varied from $3,535 in December to $4,050 in September.
- Three-Bedroom Apartments: Rents peaked at $5,275 in November and dipped to $4,441 in February.
Comparison to 2023:
- Rents increased across all unit types, with the most significant spikes in three-bedroom apartments.
- Studios and one-bedroom apartments had more minor price shifts, indicating stable demand.
2025 Cambridge Rental Market Forecast
Looking ahead to 2025, we anticipate changes based on market conditions, supply and demand, and potential government housing policies.
Best Time for Renters: Early 2025 (January – April)
With higher inventory from late 2024, renters will have better bargaining power and incentives.
Best Time for Landlords: Mid-to-late 2025 (May – September)
Landlords can secure higher rental prices as demand rises during the peak rental season.
How the New Presidential Administration May Impact Cambridge’s Rental Market
The new administration in 2025 could influence Cambridge’s rental landscape in several ways:
1. Potential Rent Control & Housing Regulations
Possible incentives for affordable housing could affect rental supply and demand.
Stricter rent control policies may impact landlord pricing strategies.
2. Interest Rate Adjustments
Lower mortgage rates could drive renters toward homeownership, reducing rental demand. Higher rates would keep more people renting, sustaining demand for apartments.
3. Economic Growth & Inflation
A strong economy could mean higher wages, allowing renters to afford higher-priced units. Economic uncertainty could slow rental demand, lowering rent prices in some areas.
Key Takeaways for Renters & Landlords in 2025
For Renters:
- Early 2025 will be the best time to find deals and secure incentives.
- Consider locking in a longer lease to protect against mid-year rent increases.
For Landlords:
- Peak rental season (May – September) will offer the best opportunities for higher rental income.
- Adjusting rental pricing based on interest rates and demand will help minimize vacancy risk.
Looking to Rent or Lease in Cambridge in 2025?
The Cambridge rental market is set for another dynamic year. Whether renting or leasing, staying informed about market trends is essential.
Contact me today for a customized rental market analysis! Stay updated with weekly rental market reports on Instagram, Facebook, and YouTube to make the best real estate decisions. If you are on the fence to rent or buy, I encourage you to check out Cambridge Market Analysis on Condo and Single-Family market analysis
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