Cheap Homes for Rent in Cambridge, ON from $700 (41 Rentals)

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

property at 4 Griffiths Av

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 3 Bath Home for Rent

Available Now

4 Griffiths Av

CambridgeONN1P 1J7

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.

property at 336 Rivertrail Av

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Now

336 Rivertrail Av

KitchenerONN2A 0K6

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.

property at 306 Briarmeadow Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

1 Bedroom, 1 Bath Home for Rent

Available May 31

306 Briarmeadow Dr

KitchenerONN2A 4L1

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.

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: 05/17/2026

Current apartment rentals in the Cambridge, ON area range in price from $799 to $5,500 with an overall median price of $3,409. The three Cambridge neighborhoods with the lowest median rent pricing are Hespeler at $1,495, Preston Core at $1,495, and Outer Preston Core at $799. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Cambridge Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hespeler$2,700$1,49580
Preston Core$2,800$1,49545
Outer Preston Core$3,250$79947
Galt West$3,300$1,60069
Galt East$4,999$95092

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. Evoke in the Hespeler neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,387. 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
EvokeA1 - StudioStudio,1BA$1,387
Cedarwoods Tower1 Bed 1 Bath B1BR,1BA$1,465
80 Kinzie Ave1 Bedroom1BR,1BA$1,549
Olympia Court Apartments1 Bedroom1BR,1BA$1,615
Klotz Apartments1 Bedroom1BR,1BA$1,627
Galt View Apartments1 Beds, 1 Baths1BR,1BA$1,635
Park Lane Towers Apartments1 Beds, 1 Baths1BR,1BA$1,645
Cedar Towers1 Bedroom1BR,1BA$1,650
15 & 245 Lena CrescentN4Studio,1BA$1,670

Best Value Apartments for Rent in Cambridge, ON

As of May 17, 2026 the best value apartment in the Cambridge area is the $2.18 price per square foot 2 Bedroom Model at Saginaw Gardens in the in the Outer Preston Core neighborhood starting from $2,250. The second greatest value Cambridge apartment is the 2 Bedroom Model at Joseph's Place starting at $2,199 with a $2.31 price per square foot in the Kitchener North 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.
Saginaw Gardens2 Bedroom2BR,2BA$2.18
Joseph's Place2 Bedroom2BR,2BA$2.31
79 Grand Ave SOne Bedroom Apartment1BR,1BA$1.91
Skyway Estate Apartments3 Beds, 1 Baths3BR,1BA$2.35
Highpoint Kitchener2 Bed 1 Bath A2BR,1BA$1.99
Pioneer Park Apartments1 Bedroom1BR,1BA$2.24
Ravine View Apartments2 Beds, 1 Baths2BR,1BA$2.39
Cedar Towers1 Bedroom1BR,1BA$2.36
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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Quick Rent Budget Calculator

How much rent can you afford?

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!

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Frequently Asked Questions about Cambridge

What type of rentals are currently available in Cambridge?

There are currently 212 Apartments for Rent in Cambridge, ON with pricing that ranges from $800 to $4,475. There are also 325 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cambridge ranging from $799 to $6,000.

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 $799 to $6,000 with an average monthly rent of $2,935.

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 $2,000 to $2,677, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $4,900. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $4,475.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.