Rent analysis lists Cambridge neighborhoods as most expensive
Cambridge has been home to top universities and businesses and now it seems the city is home of the priciest apartments in the area.
The real estate website RentJuice complied the region’s most expensive neighborhoods in the RentJuice Rent Index for the 2nd quarter this year.
Kendall Square topped the list with an average asking price of $2,760.
“Cambridge’s Kendall Square is home to a number of start-ups, pharmaceutical companies and tech giant Microsoft. With the tech market sure to continue driving our economy, this is one trend not likely to go away,” the company said in a statement.
The analysis also confirmed Boston’s status as a student mecca. It found that nearly 80 percent of rentals currently listed in Boston will not be available until Sept. 1.
More than 70 percent of the rentals currently available in the Boston market are either one or two-bedroom apartments, the analysis found.
Ranking behind Kendall Square and rounding out the top priciest neighborhoods were:
East Cambridge, $2,732
Seaport District, $2,711