Cheap Apartments for Rent in Cambridge, ON from $600 (87 Rentals)

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

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Cambridge Park Apartments
$1,509 - $2,0991 to 2 Bedroom Apartments Available Now

Cambridge Park Apartments

95 Cambridge StCambridge, ON N1R 3S2
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
property at 25 Wauchope Ave

$1,595 - $1,995

1 To 2 Bedroom Rentals

Available Now

25 Wauchope Ave

CambridgeONN1R 1A6
property at 35 Water St S

$1,495 - $1,695

Studio To 1 Bedroom Rentals

Available Now

35 Water St S

CambridgeONN1R 3C7

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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Cornerstone Lofts
$699Studio to 2 Bedroom Apartments

Cornerstone Lofts

38 Ainslie St NCambridge, ON N1R 3J5
Furnished
  • Utilities Included
  • Smoke Free
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55 Woolley St
$1,487 - $2,199Studio to 3 Bedroom Apartments

55 Woolley St

55 Woolley StCambridge, ON N1R 5J7
  • Utilities Included
  • Smoke Free
property at 102 Kribs St

$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Kribs St

CambridgeONN3C 3N5

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.

property at 102 Kribs St

$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Kribs St

CambridgeONN3C 3N5
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Cedar Towers
$1,5951 to 2 Bedroom Apartments

Cedar Towers

10 George St SCambridge, ON N1S 2M7

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.

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Klotz Apartments
$1,6271 to 3 Bedroom Apartments

Klotz Apartments

480 Dolph St NCambridge, ON N3H 2A7
Senior Living
  • Smoke Free
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Galt View Apartments
$1,635 - $1,7701 to 3 Bedroom Apartments

Galt View Apartments

531 Franklin BlvdCambridge, ON N1R 5Z2
  • Utilities Included
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Grandview Tower
$1,649 - $1,7791 to 2 Bedroom Apartments

Grandview Tower

180 S Grand StCambridge, ON N1S 3V6
  • Utilities Included
  • Smoke Free
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The Diplomat Apartments
$1,650 - $1,699Studio to 2 Bedroom Apartments

The Diplomat Apartments

219 St Andrews StCambridge, ON N1S 1N4
  • Utilities Included

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.

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Woodside Avenue Apartments
$1,699 - $1,8751 to 2 Bedroom Apartments

Woodside Avenue Apartments

133-143 Woodside AvCambridge, ON N1S 4M6
  • Utilities Included
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Brierdale Road Apartments
$1,6991 to 2 Bedroom Apartments

Brierdale Road Apartments

25-45 Brierdale RdCambridge, ON N1R 7K2
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cambridge, ON Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, ON

Pricing Updated: 06/09/2026

Current apartment rentals in the Cambridge, ON area range in price from $800 to $7,939 with an overall median price of $3,460. The three Cambridge neighborhoods with the lowest median rent pricing are Galt West at $800, Preston Core at $1,200, and Hespeler at $1,445. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Cambridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Galt West$2,030$8008
Preston Core$2,075$1,2006
Hespeler$2,615$1,44511
Outer Preston Core$2,645$1,50914
Galt East$7,939$80027

Cheapest Available Cambridge Apartments for Rent

 

The cheapest available apartment rental in Cambridge, ON is a 1 Bed unit found at 1025 King St E in the Preston Core neighborhood priced from $1,200. Cedarwoods Tower in the Kitchener North East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,465. Here is today’s list of the most affordable Cambridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1025 King St E1 Bedroom1BR,1BA$1,200
Cedarwoods Tower1 Bed 1 Bath B1BR,1BA$1,465
Cambridge Park Apartments1 Bedroom1BR,1BA$1,509
EvokeA4 - Studio BFStudio,1BA$1,514
Adanac CrossingStudioStudio,1BA$1,539
80 Kinzie Ave1 Bedroom1BR,1BA$1,549
Skyway Estate Apartments1 Beds, 1 Baths1BR,1BA$1,585
Cedar Towers1 Bedroom1BR,1BA$1,595
Olympia Court Apartments1 Bedroom1BR,1BA$1,615
Klotz Apartments1 Bedroom1BR,1BA$1,627

Best Value Apartments for Rent in Cambridge, ON

As of June 09, 2026 the best value apartment in the Cambridge area is the $1.56 price per square foot 2 Bedroom Townhouse Model at Cambridge Court in the in the Outer Preston Core neighborhood starting from $2,399. The second greatest value Cambridge apartment is the Two Bedroom Model at 94 Beck St starting at $1,725 with a $1.78 price per square foot in the Preston Core 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.
Cambridge Court2 Bedroom Townhouse2BR,2.5BA$1.56
94 Beck StTwo Bedroom2BR,1BA$1.78
Joseph's Place2 Bedroom2BR,2BA$2.32
79 Grand Ave SOne Bedroom Apartment1BR,1BA$1.91
Green Valley Tower1 Bedroom1BR,1BA$1.99
Highpoint Kitchener2 Bed 1 Bath A2BR,1BA$1.99
Cambridge Park Apartments1 Bedroom1BR,1BA$1.99
Cedar Towers1 Bedroom1BR,1BA$2.28
Olympia Court Apartments1 Bedroom1BR,1BA$2.32
80 Kinzie Ave1 Bedroom1BR,1BA$2.23

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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Frequently Asked Questions about Cheap Cambridge Apartments

What is a cheap apartment in Cambridge?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cambridge is under $1,627.

What is the price of a cheap apartment in Cambridge?

The cheapest apartment in Cambridge is 1025 King St E which is listed at $1,200, while the average apartment in Cambridge costs $3,460.

What types of apartments are the cheapest in Cambridge?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Cambridge that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cambridge?

Cheap apartments in Cambridge have an average cost of $1,495 which is $1,965 cheaper than the average rent for all rentals in Cambridge.

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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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.

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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.

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.