Mill Run Suites
16 Queen St W,
Cambridge, ON N3C 1G1
$1,445 - $2,450
1-2 Beds
Rental Market Trends in Cambridge, ON
What is the average rent in Cambridge, ON?
$1,841/month
Average Rent
654 Sq Ft
Average Apartment Size
-0.8%
Decrease in the Last Year
As of April 2026, the average rent in Cambridge, ON was $1,841/month. When you rent an apartment in Cambridge, you can expect to pay as little as $1,153 to as much as $2,392, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Cambridge, ON?
In the past year, rent has decreased by 0.8%, which averages out to $15 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Cambridge, ON
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
2%
$1,001 - $1,500/month
60%
$1,501 - $2,000/month
36%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Cambridge?
Based on current rent prices, Galt West, Galt East and Outer Preston Core are the most affordable neighborhoods in Cambridge.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cambridge?
Based on current rent prices, Hespeler, Outer Preston Core and Galt East are the most expensive neighborhoods in Cambridge.
Neighborhood
Average Rent
Average Sq Ft
Which Cambridge neighborhoods have the most rentals available?
The neighborhoods in Cambridge with the most apartments available are Outer Preston Core, Hespeler and Galt East .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cambridge, ON?
Because the average rent in Cambridge is $1,841, you’ll want to make about $6,136 per month or $73,632 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Cambridge, ON compare to other nearby cities and neighborhoods?
Use the tool below to compare Cambridge, ON to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$933/month
-
One Bedroom
$1,755/month
$2,077/month
Two Bedroom
$1,870/month
$2,491/month
Three Bedroom
$2,639/month
-
Nearby City Rent Trends
Apartment communities in Cambridge we think you'll love
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.