Cheap Homes for Rent in Cambridge, ON from C$1,400 (27 Rentals)

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

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cambridge, ON Local Guide

Cheapest Neighborhoods for Apartments in Cambridge, ON

Pricing Updated: 09/10/2025

Current apartment rentals in the Cambridge, ON area range in price from C$1,300 to C$3,100 with an overall median price of C$2,455. The three Cambridge neighborhoods with the lowest median rent pricing are Preston Core at C$1,300, Galt East at C$1,725, and Hespeler at C$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
Preston CoreC$1,872C$1,3006
Galt EastC$2,174C$1,72510
HespelerC$2,488C$1,44531
Galt WestC$2,645C$1,7254
Outer Preston CoreC$3,100C$1,71516

Cheapest Available Cambridge Apartments for Rent

 

The cheapest available apartment rental in Cambridge, ON is a Studio unit found at 55 Woolley St in the Galt East neighborhood priced from C$1,422. Mill Run Suites in the Hespeler neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from C$1,445. Here is today’s list of the most affordable Cambridge apartments for rent:

Apartment ListingModel NameBed/BathPriced From
55 Woolley StStudioStudio,1BAC$1,422
Mill Run Suites2S1BR,1BAC$1,445
235 Morgan AveBachelor ApartmentStudio,1BAC$1,449
38 Ainslie St NOne Bedroom1BR,1BAC$1,500
Cedarwoods Tower1 Bed 1 Bath B1BR,1BAC$1,530
Highpoint Kitchener1 Bed 1 Bath A1BR,1BAC$1,575
480 Dolph Street N1 Bedroom1BR,1BAC$1,595
309 Garden Street1 Bedroom1BR,1BAC$1,645
94 Beck StOne Bedroom1BR,1BAC$1,699
Park Lane Towers1 Beds, 1 Baths1BR,1BAC$1,715

Best Value Apartments for Rent in Cambridge, ON

As of September 10, 2025 the best value apartment in the Cambridge area is the C$2.22 price per square foot 2 Bedroom Model at 100 Eagle Street (Rivers Edge II) in the in the Preston Core neighborhood starting from C$2,450. The second greatest value Cambridge apartment is the 2 Bedroom Model at Olympia Court Apartments starting at C$1,965 with a C$2.03 price per square foot in the Galt East 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,2BAC$2.22
Olympia Court Apartments2 Bedroom2BR,1BAC$2.03
Joseph's Place2 Bedroom2BR,2BAC$2.30
79 Grand Ave SOne Bedroom Apartment1BR,1BAC$1.91
Pioneer Park Apartments1 Bedroom1BR,1BAC$2.37
Ravine View Apartments2 Beds, 1 Baths2BR,1BAC$2.44
Cambridge Park Apartments1 Bedroom1BR,1BAC$2.43
480 Dolph Street N1 Bedroom1BR,1BAC$2.18
94 Beck StOne Bedroom1BR,1BAC$2.44
Highpoint Kitchener1 Bed 1 Bath A1BR,1BAC$2.42

Quick Rent Budget Calculator

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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!

Explore Cambridge, ON Rentals by Map

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See the most popular apartments and homes in Cambridge, ON

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Frequently Asked Questions about Cambridge

What type of rentals are currently available in Cambridge?

There are currently 205 Apartments for Rent in Cambridge, ON with pricing that ranges from C$1,300 to C$3,100. There are also 152 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cambridge ranging from C$1,450 to C$6,950.

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 C$1,450 to C$6,950 with an average monthly rent of C$2,750.

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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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.