Condos for Rent in Preston Centre, Cambridge, ON
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Neighbourhood in Cambridge
Preston Centre
Preston Centre is a residential neighbourhood in Cambridge, Ontario. It offers a mix of housing options and local amenities for families and individuals.
At a glance
Day to dayLivability
6
Schools near listings
out of 10 · averaged over 81 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
$639,900
In Preston Centre
$639,900
In Cambridge
$699,900
In Ontario
$718,000
Median monthly rent
$2,750/mo
In Preston Centre
$2,750
In Cambridge
$2,600
In Ontario
$2,500
≈ 19.4 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
9
Median $639,900
Houses 6 · Condos 3
For rent
4
Median $2,750
Houses 3 · Condos 1
Recently sold
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Recently leased
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Market data as of 2026-10-14. 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
- Family-friendly environment
- Access to schools and parks
- Variety of housing styles
- Lower than city median home prices
Keep in mind
- Limited public transit options
- Higher rental prices than city median
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with local shops and parks nearby. The area is suitable for families and those seeking a quieter community.
Within the boundaryWhat's nearby
The boundary
5.8 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
11
Parks
16
Playgrounds
1
Grocery stores
4
Restaurants
2
Cafés
5
Gyms
1
Libraries
3
Pharmacies
Counted across all 5.8 km² of Preston Centre. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
5.9/10
Average rating of the 6 rated schools in this area
7
Elementary
1
Secondary
Preston Public School
Public · Grades JK–6 · Waterloo Region DSB
6.6/105.5 over 5 yrs1,165th of 3,045 Ontario elementary schools
315 students · EQAO 2024-2025
St Joseph Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
6.5/106.3 over 5 yrs1,231st of 3,045 Ontario elementary schools
280 students · EQAO 2024-2025
Grand View Public School
Public · Grades JK–6 · Waterloo Region DSB
6.3/106.5 over 5 yrs1,366th of 3,045 Ontario elementary schools
250 students · EQAO 2024-2025
Preston High School
Public · Grades 9–12 · Waterloo Region DSB
5.9/106.3 over 5 yrs401st of 742 Ontario secondary schools
855 students · EQAO 2024-2025
St Michael Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
5.7/105.1 over 5 yrs1,807th of 3,045 Ontario elementary schools
310 students · EQAO 2024-2025
Coronation Public School
Public · Grades JK–6 · Waterloo Region DSB
4.4/104.6 over 5 yrs2,432nd of 3,045 Ontario elementary schools
325 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Preston Centre, 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
12,396
Population (2021)
4.3 km²
Area
2,854
People per km²
44.6
Median age
$75,743
Median income
55%
Own their home
2.2
People per household
5,520
Households
Every age
- Children (under 15)13.4%
- Working age (15–64)64.7%
- Seniors (65+)21.9%
What is built here
- Detached houses44%
- Semi-detached5.5%
- Townhouses10.1%
- Duplexes3.4%
- Low-rise apartments24.8%
- High-rise apartments10.1%
- Other attached homes1.4%
Own or rent
55%Owners
45%Renters
Across 5,520 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier45%
- 1961–198026%
- 1981–19908%
- 1991–20009%
- 2001–20053%
- 2006–20102%
- 2011–20155%
- 2016–20212%
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.
- 15.7%
- Born outside Canada
- 13.9%
- Hold a degree or higher
- 54%
- Employment rate
- 3.3%
- Commute by transit
- 88.5%
- Commute by car
- 1.6
- Children per family
- $67,062
- Median income after tax
- $84,067
- Average household income
- 11.2%
- Living on a low income
- $1,129/mo
- Renters pay, per month
- $1,354/mo
- Owners pay, per month
- $575,267
- Median home value at census
- 34.3%
- Renters spending 30%+ of income on housing
- 16.3%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 21 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