Cheap Apartments for Rent in Cambridge, ON from $1,000 (7 Rentals)

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Cornerstone Lofts
Studio to 2 Bedroom Apartments

Cornerstone Lofts

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

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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55 Woolley St
Studio to 3 Bedroom Apartments

55 Woolley St

55 Woolley StCambridge, ON N1R 5J7
  • Utilities Included
  • Smoke Free
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Morgan Apartments
Studio to 3 Bedroom Apartments

Morgan Apartments

167 Morgan AveKitchener, ON N2A 2M4
  • 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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235 Morgan Ave
Studio to 2 Bedroom Apartments

235 Morgan Ave

235 Morgan AveKitchener, ON N2A 2M7
  • Utilities Included
  • Smoke Free

Cambridge, ON Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, ON

Pricing Updated: 10/26/2025

Current apartment rentals in the Cambridge, ON area range in price from $1,095 to $3,100 with an overall median price of $2,350. The three Cambridge neighborhoods with the lowest median rent pricing are Preston Core at $1,095, Galt West at $1,595, and Galt East at $1,595. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Cambridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Preston Core$2,140$1,0952
Galt West$2,200$1,5957
Galt East$2,350$1,5958
Hespeler$2,410$1,44520
Outer Preston Core$2,650$1,75017

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 $1,095. Mill Run Suites in the Hespeler neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here is today’s list of the most affordable Cambridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1025 King St E1 Bedroom1BR,1BA$1,095
Mill Run Suites2S1BR,1BA$1,445
235 Morgan AveBachelor ApartmentStudio,1BA$1,449

Best Value Apartments for Rent in Cambridge, ON

As of October 26, 2025 the best value apartment in the Cambridge area is the $2.10 price per square foot 2 Bedroom Model at 100 Eagle Street (Rivers Edge II) in the in the Preston Core neighborhood starting from $2,325. The second greatest value Cambridge apartment is the 2 Bedrooms Model at Rivers Edge I (200 Eagle Street) starting at $2,450 with a $2.22 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.
100 Eagle Street (Rivers Edge II)2 Bedroom2BR,2BA$2.10
Rivers Edge I (200 Eagle Street)2 Bedrooms2BR,1BA$2.22
Olympia Court Apartments2 Bedroom2BR,1BA$2.03
Adanac Crossing2 Bedroom + Den2BR,1BA$2.23
Green Valley Towers1 Bedroom1BR,1BA$1.99
Cedarwoods Tower2 Bed 1 Bath A2BR,1BA$2.13
Cedarpoint Apartments2 Bed 1 Bath C2BR,1BA$2.26
Pioneer Park Apartments1 Bedroom1BR,1BA$2.24
Cambridge Park Apartments1 Bedroom1BR,1BA$2.30
Grandview Tower1 Bedroom1BR,1BA$2.37

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 $1,095 at 1025 King St E.

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 $1,799 at Adanac Crossing.

What is the most affordable Cambridge Three Bedroom Apartment?

The best deal on a cheap Cambridge Three Bedroom Apartment rental is at Highpoint Kitchener and starts from $2,345.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.