Cheap Apartments for Rent in Cambridge, MN from $700 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cambridge.

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.

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Heritage Townhomes
1 to 2 Bedroom Apartments

Heritage Townhomes

1624 Garland St SCambridge, MN 55008
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Evergreen II Apartments
1 to 3 Bedroom Apartments

Evergreen II Apartments

403 8th Ave NEIsanti, MN 55040
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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.

Cambridge, MN Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, MN

Pricing Updated: 07/17/2026

Current apartment rentals in the Cambridge, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Cambridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Isanti Northern Suburbs$1,551$99536

Cheapest Available Cambridge Apartments for Rent

 

The cheapest available apartment rental in Cambridge, MN is a 1 Bed unit found at Isanti Village Apartments in the Isanti Northern Suburbs neighborhood priced from $1,115. The Emerald Apartments & Townhomes in the Isanti Northern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,310. Here is today’s list of the most affordable Cambridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Isanti Village ApartmentsOne Bedroom One Bathroom BLDG D1BR,1BA$1,115
The Emerald Apartments & TownhomesOne Bedroom One Bath1BR,1BA$1,310
The Preserve of Cambridge1 Bedroom 1 Bathroom1BR,1BA$1,315
The 601 Apartments1 Bedroom 1 Bathroom1BR,1BA$1,320
Park Brook ApartmentsOne Bedroom with Pantry1BR,1BA$1,325

Best Value Apartments for Rent in Cambridge, MN

As of July 17, 2026 the best value apartment in the Cambridge area is the $1.53 price per square foot 3 Bedroom (60%) Model at The Bridgewell Apartments in the in the Isanti Northern Suburbs neighborhood starting from $1,784. The second greatest value Cambridge apartment is the B3 Model at Evergreen Apartment Homes starting at $1,446 with a $1.42 price per square foot in the Isanti Northern Suburbs neighborhood. Here is today’s list of the best values for Cambridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Bridgewell Apartments3 Bedroom (60%)3BR,1.75BA$1.53
Evergreen Apartment HomesB32BR,1BA$1.42
Roosevelt Garden Estates1 Bedroom 1 Bathroom1BR,1BA$1.52
The Preserve of Cambridge1 Bedroom 1 Bathroom1BR,1BA$1.69
Park Brook ApartmentsOne Bedroom with Pantry1BR,1BA$1.74
The Emerald Apartments & TownhomesOne Bedroom One Bath1BR,1BA$1.76
The 601 Apartments1 Bedroom 1 Bathroom1BR,1BA$1.89
Isanti Village ApartmentsOne Bedroom One Bathroom BLDG D1BR,1BA$1.59
The Lodge at Oak LandingOne Bedroom One Bathroom1BR,1BA$2.01

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,115 at Isanti Village 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 $1,265 at Isanti Village Apartments.

What is the most affordable Cambridge Three Bedroom Apartment?

The best deal on a cheap Cambridge Three Bedroom Apartment rental is at Evergreen Apartment Homes and starts from $1,556.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.