Cheap Homes for Rent in Cambridge, ON from $500 (53 Rentals)

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

property at 162 Jansen Av

$550

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Base Rent
$550

Total Monthly Price
$550

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

162 Jansen Av

KitchenerONN2A 2L7

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.

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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

Cambridge, ON Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, ON

Pricing Updated: 07/05/2026

Current apartment rentals in the Cambridge, ON area range in price from $1,250 to $4,000 with an overall median price of $3,339. The three Cambridge neighborhoods with the lowest median rent pricing are Preston Core at $1,400, Galt East at $1,450, and Galt West at $1,450. 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$3,100$1,40047
Galt East$3,199$1,45073
Galt West$3,200$1,45069
Outer Preston Core$3,200$1,25090
Hespeler$4,000$1,25075

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$1,395
80 Kinzie Ave1 Bedroom1BR,1BA$1,499
EvokeA4 - Studio BFStudio,1BA$1,514
Skyway Estate Apartments1 Beds, 1 Baths1BR,1BA$1,585
Highpoint Kitchener2 Bed 1 Bath A2BR,1BA$1,620
Park Lane Towers Apartments1 Beds, 1 Baths1BR,1BA$1,645
15 & 245 Lena CrescentN4Studio,1BA$1,670
55 Woolley St2 Bedroom2BR,1BA$1,679

Best Value Apartments for Rent in Cambridge, ON

As of July 05, 2026 the best value apartment in the Cambridge area is the $1.89 price per square foot 3 Bed 1.5 Bath A Model at Highpoint Kitchener in the in the Kitchener North East neighborhood starting from $2,145. The second greatest value Cambridge apartment is the 2 Bedroom Model at Saginaw Gardens starting at $2,445 with a $2.16 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.
Highpoint Kitchener3 Bed 1.5 Bath A3BR,1.5BA$1.89
Saginaw Gardens2 Bedroom2BR,2BA$2.16
Rivers Edge I (200 Eagle Street)2 Bedrooms2BR,1BA$2.26
Olympia Court Apartments2 Bedroom2BR,1BA$1.93
Adanac Crossing2 Bedroom + Den2BR,1BA$2.09
85 Green Valley Drive1 Bedroom1BR,1BA$1.99
55 Woolley St2 Bedroom2BR,1BA$1.98
Cedarpoint Apartments2 Bed 1 Bath D2BR,1BA$2.42
80 Kinzie Ave1 Bedroom1BR,1BA$2.15
Park Lane Towers Apartments1 Beds, 1 Baths1BR,1BA$2.41

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 Cambridge

What type of rentals are currently available in Cambridge?

There are currently 208 Apartments for Rent in Cambridge, ON with pricing that ranges from $1,200 to $8,288. There are also 320 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cambridge ranging from $550 to $4,500.

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 $550 to $4,500 with an average monthly rent of $2,580.

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 $1,900 to $2,677, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $8,288.

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.