
Cheap Apartments for Rent in Cambridge, IA from $400 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Cambridge.


Campustown

Gateway

Northridge Apartments

South Meadow

Crystal Street Apartments

The Ridge Apartments

420 S 4th St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Oakwood

1108 S. 4th Street

East Park Village Apartments

Tall Timber Apartments

Timbercreek Apartments

Laverne Apartments

Wessex Apartments

Brick Towne at Piper
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Brick Towne Ames

Woodland Reserve Apartments

Total Monthly Price
Villas at Deerwood by Kading

The Standard at 36th Street

Total Property Management 528-530 Welch Ave.

The Republic

Northgate Apartments

Total Monthly Price
Spectrum Heights NEW!
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Catalyst

Avondale Trace Condos

520 5th St

307 Lynn Ave

304 Welch Ave

919 6th St

1006 Lincoln Way

238 Village Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Park Place Apartments

South View Apartments

Cardinal Terrace

912 Grand Ave

426 Jeffrey Ln

4308 Maricopa Dr

325 Welch Ave

106 S Maple Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

4549 Steinbeck St

2041 Cottonwood Rd

2307 Prairie View E

3226 West St
Cambridge, IA Local Guide

How much does it cost to rent an apartment in Cambridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cambridge Studio Apartments | $879 | $799 | $955 |
| Cambridge 1 Bedroom Apartments | $1,119 | $805 | $2,336 |
| Cambridge 2 Bedroom Apartments | $1,288 | $615 | $2,789 |
| Cambridge 3 Bedroom Apartments | $1,038 | $465 | $2,975 |
| Cambridge 4 Bedroom Apartments | $1,153 | $445 | $2,325 |
Browse Top Apartments in Cambridge
See all Apartments in CambridgeExplore Cambridge
Cambridge, IA Local Guide
- Nearby Cities
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Cheapest Available Cambridge Apartments for Rent and Nearby
 The cheapest available apartment rental in Cambridge, IA is a 3 Beds unit found at Campustown in the Somerset neighborhood priced from $489. The Grove in the Grand Junction neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $599. Here is today’s list of the most affordable Cambridge apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Campustown | 200 Stanton Ave - 3 Bed - 1 Bath - C - UF | 3BR,1BA | $489 |
| The Grove | 3BR/3BA Upgraded | 3BR,3BA | $599 |
| Copper Beech | 3BR/3BA | 3BR,3BA | $660 |
| Crystal Street Apartments | 1BR/1.0BA | 1BR,1BA | $825 |
| Oakwood | 1 bedroom | 1BR,1BA | $879 |
| East Park Village Apartments | 2BR Upper | 2BR,1BA | $880 |
| Timbercreek Apartments | 2 Bedrooms / 2 Bathrooms | 2BR,2BA | $950 |
| Laverne Apartments | Two Bedroom, Two Bath | 2BR,2BA | $950 |
| 1108 S. 4th Street | 3 Bed/ 1.5 Bath | 3BR,1BA | $980 |
| Brick Towne at Piper | 1x1 | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Cambridge, IA and Nearby
As of June 14, 2026 the best value apartment in the Cambridge area is the $1.22 price per square foot 3 Bedroom TH Model at Brick Towne Ames in the in the South Ames neighborhood starting from $2,200. The second greatest value Cambridge apartment is the 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown starting at $584 with a $0.45 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Cambridge apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brick Towne Ames | 3 Bedroom TH | 3BR,3BA | $1.22 |
| Campustown | 200 Stanton Ave - 3 Bed - 1 Bath - A - UF | 3BR,1BA | $0.45 |
| The Grove | 3BR/3BA Upgraded | 3BR,3BA | $0.48 |
| Northgate Apartments | 3 bedroom 2 bath | 3BR,2BA | $1.10 |
| 1108 S. 4th Street | 3 Bed/ 1.5 Bath | 3BR,1.5BA | $0.98 |
| The Landing Ames | B1 - 2x2 | 2BR,2BA | $0.68 |
| Laverne Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.11 |
| Timbercreek Apartments | 2 Bedrooms / 2 Bathrooms | 2BR,2BA | $1.16 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.17 |
| The Lofts | Two Bedroom | 2BR,1BA | $0.78 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cambridge, IA Rentals by Map
See the most popular apartments and homes in Cambridge, IA
Frequently Asked Questions about Cheap Cambridge Apartments
How much is rent for a Cheap One Bedroom Cambridge Apartment?
The lowest price for a Cheap One Bedroom Cambridge Apartment is $825 at Crystal Street Apartments.
What is the lowest price for a Cheap Two Bedroom Cambridge Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cambridge is starting from $800 at Copper Beech.
What is the most affordable Cambridge Three Bedroom Apartment?
The best deal on a cheap Cambridge Three Bedroom Apartment rental is at Campustown and starts from $489.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.