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Rental Market Trends in Cambridge, ON

What is the average rent in Cambridge, ON?

$1,820/month

Average Rent

649 Sq Ft

Average Apartment Size

-1.7%

Decrease in the Last Year

As of June 2026, the average rent in Cambridge, ON was $1,820/month. When you rent an apartment in Cambridge, you can expect to pay as little as $1,150 to as much as $2,380, depending on the location and size of the apartment.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,150/month
242 Sq Ft
One Bedroom
$1,820/month
649 Sq Ft
Two Bedroom
$2,191/month
902 Sq Ft
Three Bedroom
$2,380/month
1,010 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,659/month
175 Sq Ft
Two Bedroom
$2,095/month
63 Sq Ft
Three Bedroom
$2,487/month
76 Sq Ft
Four Bedroom
$3,479/month
0 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,208/month
0 Sq Ft
Three Bedroom
$2,647/month
110 Sq Ft

How much has average rent changed in Cambridge, ON?

In the past year, rent has decreased by 1.7%, which averages out to $30 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cambridge, ON
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Cambridge, ON
Percentage*
Rent Range
0% Below $700/month
2% $700 - $1,000/month
2% $1,001 - $1,500/month
55% $1,501 - $2,000/month
42% Above $2,000/month

Rent by Neighbourhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighbourhoods in Cambridge?

Based on current rent prices, Galt West, Galt East and Outer Preston Core are the most affordable neighbourhoods in Cambridge.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Galt West
$1,499/month
622 Sq Ft
Galt East
$1,839/month
711 Sq Ft
Outer Preston Core
$1,905/month
687 Sq Ft
Hespeler
$2,016/month
669 Sq Ft

What are the most expensive neighbourhoods in Cambridge?

Based on current rent prices, Hespeler, Outer Preston Core and Galt East are the most expensive neighbourhoods in Cambridge.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Hespeler
$2,016/month
669 Sq Ft
Outer Preston Core
$1,905/month
687 Sq Ft
Galt East
$1,839/month
711 Sq Ft
Galt West
$1,499/month
622 Sq Ft

Which Cambridge neighbourhoods have the most rentals available?

The neighbourhoods in Cambridge with the most apartments available are Outer Preston Core, Galt East and Hespeler .

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Outer Preston Core
$1,905/month
687 Sq Ft
Galt East
$1,839/month
711 Sq Ft
Hespeler
$2,016/month
669 Sq Ft
Galt West
$1,499/month
622 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cambridge, ON?

Because the average rent in Cambridge is $1,820, you’ll want to make about $6,066 per month or $72,792 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.

City

Cambridge, ON

328 Available Apartments for Rent

Search for Nearby Apartments

How does Cambridge, ON compare to other nearby cities and neighbourhoods?

Use the tool below to compare Cambridge, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Cambridge, ON

Apartment Averages

Galt West

Cambridge, ON

Hespeler

Cambridge, ON

Studio
$934/month
-
One Bedroom
$1,701/month
$2,022/month
Two Bedroom
$1,882/month
$2,415/month
Three Bedroom
$2,619/month
-
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Apartment communities in Cambridge we think you'll love

Aspen Rentals

Aspen Rentals

155 Greenbrier Rd Rd,
Cambridge, ON N1S 0G4

$2,095 - $2,800

1-2 Beds

59 Concession Street

59 Concession Street

59 Concession St,
Cambridge, ON N1R 2H1

$1,714 - $1,899

1-2 Beds

Mill Run Suites

Mill Run Suites

16 Queen St W,
Cambridge, ON N3C 1G1

$1,445 - $2,450

1-2 Beds

Evoke

Evoke

239 Eden Oak Trl,
Kitchener, ON N2A 0L5

$1,514 - $2,581

Studio - 2 Beds

Canada Ontario Cambridge Rental Trends

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.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

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Equal Housing Opportunity