
Cheap Homes for Rent in Cambridge, IA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Cambridge.


238 Village Dr

912 Grand Ave

426 Jeffrey Ln
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.

4308 Maricopa Dr

106 S Maple Ave

4549 Steinbeck St

2307 Prairie View E
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.

3226 West St
Cambridge, IA Local Guide

How much does it cost to rent a home in Cambridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cambridge 2 Bedroom Homes for Rent | $1,362 | $1,000 | $1,950 |
| Cambridge 3 Bedroom Homes for Rent | $1,907 | $1,200 | $2,600 |
| Cambridge 4 Bedroom Homes for Rent | $2,158 | $1,700 | $2,995 |
| Cambridge 5 Bedroom Homes for Rent | $3,595 | $3,595 | $3,595 |
| Cambridge 6 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Cambridge
Explore Cambridge
Cambridge, IA Local Guide
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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 |
Best Value Apartments for Rent in Cambridge, IA and Nearby
As of June 13, 2026 the best value apartment in the Cambridge area is the $0.45 price per square foot 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown in the in the Somerset neighborhood starting from $584. The second greatest value Cambridge apartment is the 3BR/3BA Upgraded Model at The Grove starting at $599 with a $0.48 price per square foot in the Grand Junction 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. |
|---|---|---|---|
| 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 |
| South View Apartments | Outlook | Renovated | 2BR,1BA | $1.21 |
| 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
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Frequently Asked Questions about Cambridge
What type of rentals are currently available in Cambridge?
There are currently 57 Apartments for Rent in Cambridge, IA with pricing that ranges from $445 to $2,975. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cambridge ranging from $725 to $3,595.
What is the current price range for Rental Homes in Cambridge?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cambridge ranges from $725 to $3,595 with an average monthly rent of $2,074.
How much are larger Three and Four Bedroom Rentals in Cambridge?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Cambridge range from $465 to $2,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $445.
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.