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City in Ontario

Condos for rent in Cambridge

Name: HOMEH Market Pulse — Cambridge closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 9 condos and apartments for rent in Cambridge today, with a median rent of $2,200/mo (-15% vs. all rentals in Cambridge). 2 are 1-bedroom condos for rent. The most active neighbourhoods are Downtown Cambridge, Sheldon-Conestoga and Christopher-Champlain.

family-friendly suburban community-oriented

138,479 people lived in Cambridge at the 2021 Census, in 51,275 households. 69% of households owned their home and 31% rented. The most common homes were single-detached houses (57%) and low-rise apartments (14%). 48% of homes were built before 1981, and 9% since 2011. 92% of commuters went to work by car and 3% by public transit.

Population: 138,479 Four parks available Eighteen bus stops

Cambridge, Ontario

Cambridge Condo Rentals

For RentNew ListingNew Construction

Listed for:

Listed 6 days ago

$2,595

Unit 217, 150 Hollywood Court

Cambridge (Sheldon-Conestoga), ON N1R 0E6

2Bedrooms

2Bathrooms

1Parking

900-999Sq Ft

Condo ApartmentFor Rent

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For RentFully Renovated

Listed for:

Listed 8 days ago

$2,000

Unit 106, 4 Albert Street

Cambridge (Downtown Cambridge), ON N1R 3M4

2Bedrooms

3Bathrooms

1Parking

1.4K-1.6KSq Ft

Condo ApartmentFor Rent

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For RentNew Construction

Listed for:

Listed 14 days ago

$2,535

Unit 617, 150 Hollywood Court

Cambridge (Sheldon-Conestoga), ON N1R 0E6

2Bedrooms

2Bathrooms

0Parking

900-999Sq Ft

Condo ApartmentFor Rent

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Photo of Unit C-54, 370 Fisher Mills Road

For RentNo Rear Neighbours

Listed for:

Listed 22 days ago

$2,149

Unit C-54, 370 Fisher Mills Road

Cambridge (Silver Heights), ON N3C 0G8

2Bedrooms

3Bathrooms

1Parking

1K-1.2KSq Ft

Condo ApartmentFor Rent

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For RentWaterfrontRooftop Terrace

Listed for:

Listed 28 days ago

$1,750

Unit 206, 155 Water Street

Cambridge (Christopher-Champlain), ON N1R 3E3

1Bedroom

1Bathroom

1Parking

0-499Sq Ft

Condo ApartmentFor Rent

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Photo of Unit 302, 55 Green Valley Drive

For Rent

Listed for:

Listed Sep 11, 2026

$1,800

Unit 302, 55 Green Valley Drive

Cambridge, ON N2P 1Z6

1Bedroom

1Bathroom

1Parking

900-999Sq Ft

Condo ApartmentFor Rent

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For Rent

Listed for:

Listed Jul 10, 2026

$2,200

Unit 1005, 150 Water Street

Cambridge (Downtown Cambridge), ON N1R 3B6

1 + 1Bedrooms

1Bathroom

1Parking

800-899Sq Ft

Condo ApartmentFor Rent

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For RentLake ViewPenthouse

Listed for:

Listed Jun 5, 2026

$2,200

Unit 1207, 170 Water Street N

Cambridge (Downtown Cambridge), ON N1R 3B6

1 + 1Bedrooms

1Bathroom

1Parking

700-799Sq Ft

Condo ApartmentFor Rent

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Day to dayLivability

Walkability

out of 100 · averaged over 23,944 past and present listings

Average walk score reported on listings here

Schools near listings

out of 10 · averaged over 23,944 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$699,000

2% below Ontario

In Cambridge

$699,000

In Ontario

$716,900

Median monthly rent

$2,600/mo

4% above Ontario

In Cambridge

$2,600

In Ontario

$2,499

$494

Per square foot

≈ 22.4 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

378

Median $699,000

Houses 309 · Condos 69

For rent

105

Median $2,600

Houses 82 · Condos 23

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Diverse housing options available
Good school score of 6
Access to several parks
Active community with restaurants and cafes

Keep in mind

Prices are above province median for sales
Limited transit options
Fewer amenities compared to larger cities

The feel of the placeLifestyle

Daily life in Cambridge is relaxed, with access to parks and local eateries. The community is family-friendly and offers a suburban feel.

Great for first-time buyers families those seeking a quieter lifestyle

Within the boundaryWhat's nearby

The boundary

115.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

111

Parks

168

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 115.2 km² of Cambridge. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.9/10

Average rating of the 46 rated schools in this area

Elementary

Secondary

Islamic School of Cambridge
Independent · LD Private Non-Inspected
10.0/10
1st of 3,045 Ontario elementary schools
10 students
Ontario Muslim Academy
Independent · LD Private Non-Inspected
9.3/10
53rd of 3,045 Ontario elementary schools
12 students
St Vincent de Paul Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.3/106.2 over 5 yrs
687th of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
Silverheights Public School
Public · Grades JK–8 · Waterloo Region DSB
7.2/106.2 over 5 yrs
751st of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
St Augustine Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.2/107.3 over 5 yrs
751st of 3,045 Ontario elementary schools
525 students · EQAO 2024-2025
St Elizabeth Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.2/107.2 over 5 yrs
751st of 3,045 Ontario elementary schools
415 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Cambridge, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

138,479

Population (2021)

113.0 km²

Area

1,226

People per km²

40.3

Median age

$99,591

Median income

69%

Own their home

2.8

People per household

51,275

Households

Every age

Children (under 15)17.7%
Working age (15–64)66.3%
Seniors (65+)16.0%

What is built here

Detached houses56.7%
Semi-detached7.3%
Townhouses12.2%
Duplexes3.3%
Low-rise apartments13.9%
High-rise apartments5.8%

Own or rent

69%Owners

31%Renters

Across 51,275 households

When it was built

Mostly 1961–1980

1960 or earlier23%
1961–198026%
1981–199013%
1991–200015%
2001–20058%
2006–20106%
2011–20154%
2016–20215%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

23.3%
Born outside Canada: 20%
Hold a degree or higher: 58.6%
Employment rate: 2.8%
Commute by transit: 92.3%
Commute by car: 1.8
Children per family: $86,673
Median income after tax: $112,550
Average household income: 8.3%
Living on a low income: $1,397/mo
Renters pay, per month: $1,597/mo
Owners pay, per month: $669,131
Median home value at census: 25.6%
Renters spending 30%+ of income on housing: 14.1%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 189 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Condo apartments only Through September 2026 Moderate sales history

What Condos Rent For in Cambridge

At least 30 condos were leased in Cambridge over the 12 months to September 2026. Half leased above $2,165 and half below, 0.1% higher than the 12 months before. A typical condo found its tenant in 25 days — 9 days quicker than a year ago.

6 of the last 12 months had at least 5 closed condos sales in Cambridge. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $2,165; +0.1% year over year
Days to lease: 25; 9 days quicker
Leases closed: 30; last 12 months
Rent per square foot: $2.55/mo; from 28 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$2,695$2,357$2,018$1,680

May ’24Nov ’24Sep ’25Jun ’26

Median rent Middle half of leases

What renters actually paid

$2,986/mo

on a $3,000 asking rent — under ask by $14

−10%Asking rent+10%

Of the asking rent: 99.5%
Leased over asking: 0%

From 30 leases that closed here in the last 12 months.

Rent or buy in Cambridge

15.1 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$391,267

45 sales

Median rent

$2,165/mo

30 leases

Gross rental yield

6.64%

before costs

Both figures come from deals that actually closed in Cambridge over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

May 2024Jun 2026

Terracotta marks the last 12 months.

Every month behind these charts — Cambridge, rentals

Monthly closed leases in Cambridge
Month	Closed	Median	Middle half	Days	% of ask
Jun 2026	6	$1,975	$1,819 – $2,375	16	98.8%
Apr 2026	6	$2,100	$2,025 – $2,250	44	98.8%
Feb 2026	5	$2,100	$2,000 – $2,400	25	100.0%
Dec 2025	5	$2,400	$2,000 – $2,500	21	100.0%
Oct 2025	8	$2,250	$2,075 – $2,525	20	100.0%
Sep 2025	8	$2,200	$1,967 – $2,400	39	100.0%
Jul 2025	5	$2,200	$1,985 – $2,500	18	97.8%
May 2025	6	$2,100	$2,025 – $2,250	33	100.0%
Mar 2025	5	$2,200	$2,100 – $2,550	20	100.0%
Jan 2025	5	$2,399	$2,100 – $2,400	48	100.0%
Dec 2024	8	$2,075	$1,963 – $2,275	42	100.0%
Nov 2024	5	$2,350	$2,100 – $2,500	35	100.0%
Oct 2024	5	$1,825	$1,750 – $2,000	33	100.0%
Aug 2024	6	$2,023	$1,886 – $2,200	40	100.0%
Jul 2024	7	$2,350	$2,250 – $2,625	52	100.0%
Jun 2024	9	$2,350	$2,300 – $2,375	30	100.0%
May 2024	5	$2,250	$2,200 – $2,400	43	100.0%

What people ask about Cambridge

How much is rent for a condo in Cambridge?

The median condo lease in Cambridge closed at $2,165 a month over the 12 months to September 2026, across at least 30 leases.

Compiled by HOMEH from leases reported closed in Cambridge on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.

Questions, answered

Common questions about condos for rent in Cambridge

How much is a condo to rent in Cambridge?

The median rent of the 9 condos for rent in Cambridge is $2,200/mo. By size, the median is $2,200/mo for 2 bedrooms.

All rentals in Cambridge

Keep looking

More Rentals in Cambridge

105 homes are for rent in Cambridge. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.