Cheap Apartments for Rent in Cambridge, ON from $600 (153 Rentals)

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

property at 25 Wauchope Ave

$1,595 - $1,995

1 To 2 Bedroom Rentals

Available Now

25 Wauchope Ave

CambridgeONN1R 1A6
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Cambridge Park Apartments
$1,679 - $2,0491 to 2 Bedroom Apartments Available Aug 1

Cambridge Park Apartments

95 Cambridge StCambridge, ON N1R 3S2
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30 George
$1,895 - $2,045
Total Monthly Price

Total Monthly Price

Base Rent
$1,895 - $2,045
Total Monthly Price
$1,895 - $2,045
1 Bedroom Apartments Available Now

30 George

30 George St SCambridge, ON N1S 2M8
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Cornerstone Lofts
$699 - $800Studio to 2 Bedroom Apartments

Cornerstone Lofts

38 Ainslie St NCambridge, ON N1R 3J5
Furnished
  • Utilities Included
  • Smoke Free

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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.

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Grandview Tower
$1,5991 to 2 Bedroom Apartments

Grandview Tower

180 S Grand StCambridge, ON N1S 3V6
  • Utilities Included
  • Smoke Free

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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Galt View Apartments
$1,6351 to 3 Bedroom Apartments

Galt View Apartments

531 Franklin BlvdCambridge, ON N1R 5Z2
  • Utilities Included
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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

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.

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Cambridge, ON Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, ON

Pricing Updated: 07/24/2026

Current apartment rentals in the Cambridge, ON area range in price from $1,200 to $7,442 with an overall median price of $3,345. The three Cambridge neighborhoods with the lowest median rent pricing are Galt West at $1,574, Preston Core at $1,200, and Hespeler at $1,514. 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$1,925$1,5745
Preston Core$2,060$1,2005
Hespeler$2,650$1,51416
Outer Preston Core$2,650$1,59516
Galt East$7,442$1,67916

Cheapest Available Cambridge Apartments for Rent

 

The cheapest available apartment rental in Cambridge, ON is a Studio unit found at Cornerstone Lofts in the Galt East neighborhood priced from $699. 1025 King St E in the Preston Core neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Cambridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cornerstone LoftsPrivate RoomStudio,1BA$699
1025 King St E1 Bedroom1BR,1BA$1,200
Cedarwoods Tower1 Bed 1 Bath B1BR,1BA$1,320
EvokeA4 - Studio BFStudio,1BA$1,514
Grandview Tower1 Bedroom1BR,1BA$1,599
Highpoint Kitchener2 Bed 1 Bath A2BR,1BA$1,650
Park Lane Towers Apartments1 Beds, 1 Baths1BR,1BA$1,660
15 & 245 Lena CrescentN4Studio,1BA$1,670
Duke ApartmentsOne Bedroom1BR,1BA$1,699
85 Green Valley Drive1 Bedroom1BR,1BA$1,795

Best Value Apartments for Rent in Cambridge, ON

As of July 25, 2026 the best value apartment in the Cambridge area is the $1.82 price per square foot 2 Bedroom Model at Auburn Towers in the in the Outer Preston Core neighborhood starting from $2,199. The second greatest value Cambridge apartment is the 2 Bedroom Model at Saginaw Gardens starting at $2,395 with a $2.12 price per square foot in the Outer 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.
Auburn Towers2 Bedroom2BR,2BA$1.82
Saginaw Gardens2 Bedroom2BR,2BA$2.12
Joseph's Place2 Bedroom2BR,2BA$2.27
85 Green Valley Drive1 Bedroom1BR,1BA$1.99
Highpoint Kitchener2 Bed 1 Bath A2BR,1BA$1.86
Wesley Park1 Bedroom1BR,1BA$2.23
Adanac Crossing2 Bedroom2BR,1BA$2.07
Cambridge Court1 Bedroom Townhouse1BR,1BA$2.16
Greenbrier Place Apartments1 bedroom1BR,1BA$2.31
Grandview Tower1 Bedroom1BR,1BA$2.29

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

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Frequently Asked Questions about Cheap Cambridge Apartments

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 $3,345.

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 18 regular apartments in Cambridge that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.