Real Estate for Rent in Preston Heights, Cambridge, ON
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Neighbourhood in Cambridge
Preston Heights
Preston Heights is a friendly neighbourhood in Cambridge, Ontario. It offers a mix of residential options and community amenities, making it a great place to live.
At a glance
Listed 2 days ago
36 Weatherall Avenue
Cambridge (Preston Heights), ON N3H 0C1
DetachedFor Rent
Listed 11 days ago
Unit 44, 324 Equestrian Way
Cambridge (Preston Heights), ON N3E 0E2
Freehold TownhouseFor Rent
Listed 12 days ago
Unit 35, 124 Compass Trail
Cambridge (Preston Heights), ON N2E 0E3
Freehold TownhouseFor Rent
Listed 13 days ago
Unit 8, 395 Linden Drive
Cambridge (Preston Heights), ON N3H 0C8
Freehold TownhouseFor Rent
Day to dayLivability
6.1
Schools near listings
out of 10 · averaged over 277 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
$698,128
In Preston Heights
$698,128
In Cambridge
$699,888
In Ontario
$714,900
Median monthly rent
$2,650/mo
In Preston Heights
$2,650
In Cambridge
$2,600
In Ontario
$2,500
≈ 22 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
28
Median $698,128
Houses 28
For rent
14
Median $2,650
Houses 14
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-19. 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
- Affordable housing options
- Community-focused environment
- Access to parks and recreational areas
Keep in mind
- Limited public transit options
- Higher unemployment rate
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with access to local amenities. Families often gather in parks and community spaces.
Within the boundaryWhat's nearby
The boundary
38.0 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
15
Parks
23
Playgrounds
1
Grocery stores
20
Restaurants
5
Cafés
6
Gyms
1
Libraries
2
Pharmacies
Counted across all 38.0 km² of Preston Heights. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
6.5/10
Average rating of the 2 rated schools in this area
3
Elementary
1
Secondary
ÉSC Père-René-de-Galinée
Independent · French · Grades 9–12 · CSC MonAvenir
7.2/107.2 over 5 yrs178th of 742 Ontario secondary schools
495 students · EQAO 2024-2025
Parkway Public School
Public · Grades JK–6 · Waterloo Region DSB
5.8/105.2 over 5 yrs1,729th of 3,045 Ontario elementary schools
350 students · EQAO 2024-2025
Victus Academy
Independent
Not rated
ÉIC Père-René-de-Galinée
Public · French · Grades 7–8 · CSC MonAvenir
Not rated
245 students
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Preston Heights, 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
14,195
Population (2021)
36.4 km²
Area
390
People per km²
39
Median age
$95,504
Median income
61%
Own their home
2.8
People per household
5,150
Households
Every age
- Children (under 15)18.3%
- Working age (15–64)64.5%
- Seniors (65+)17.2%
What is built here
- Detached houses47.4%
- Semi-detached4.4%
- Townhouses15.2%
- Duplexes2.4%
- Low-rise apartments17.1%
- High-rise apartments11%
- Other attached homes1.6%
Own or rent
61%Owners
39%Renters
Across 5,150 households
When it was built
Mostly 2016–2021
- 1960 or earlier22%
- 1961–198022%
- 1981–199015%
- 1991–20007%
- 2001–20053%
- 2006–20102%
- 2011–20154%
- 2016–202124%
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.
- 25.3%
- Born outside Canada
- 26.6%
- Hold a degree or higher
- 58.1%
- Employment rate
- 4.2%
- Commute by transit
- 91.2%
- Commute by car
- 1.8
- Children per family
- $83,894
- Median income after tax
- $114,512
- Average household income
- 9.8%
- Living on a low income
- $1,505/mo
- Renters pay, per month
- $1,816/mo
- Owners pay, per month
- $738,417
- Median home value at census
- 30.8%
- Renters spending 30%+ of income on housing
- 22.2%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 15 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
What homes in Preston Heights actually rent for
40 homes were leased in Preston Heights over the 12 months to September 2026. Half leased above $2,584 and half below, 7.5% lower than the 12 months before. A typical home found its tenant in 36 days — 4 days slower than a year ago.
- Median rent
- $2,584
- -7.5% year over year
- Days to lease
- 36
- 4 days slower
- Leases closed
- 40
- last 12 months
- Rent per square foot
- $1.56/mo
- from 40 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 home here differs from the next.
What renters actually paid
$2,972/mo
on a $3,000 asking rent — under ask by $28
- Of the asking rent
- 99.1%
- Leased over asking
- 5%
From 40 leases that closed here in the last 12 months.
Rent or buy in Preston Heights
22.7 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$702,944
18 sales
Median rent
$2,584/mo
40 leases
Gross rental yield
4.41%
before costs
Both figures come from deals that actually closed in Preston Heights over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
What actually rents in Preston Heights
A single median hides this: the mix of homes behind it, and what each kind costs.
- Freehold town$2,65020.0%
- Other kinds, too few of each —80.0%
Every month behind these charts — Preston Heights, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 3 | Not enough leases this month to report a median | |||
| Aug 2026 | 8 | $2,650 | $2,594 – $2,857 | 46 | 100.0% |
| Jul 2026 | 4 | Not enough leases this month to report a median | |||
| Jun 2026 | 3 | Not enough leases this month to report a median | |||
| May 2026 | 5 | $2,600 | $2,500 – $2,700 | 42 | 100.0% |
| Apr 2026 | 2 | Not enough leases this month to report a median | |||
| Mar 2026 | 1 | Not enough leases this month to report a median | |||
| Feb 2026 | 3 | Not enough leases this month to report a median | |||
| Jan 2026 | 3 | Not enough leases this month to report a median | |||
| Dec 2025 | 2 | Not enough leases this month to report a median | |||
| Nov 2025 | 4 | Not enough leases this month to report a median | |||
| Oct 2025 | 2 | Not enough leases this month to report a median | |||
| Sep 2025 | 5 | $2,850 | $2,650 – $3,300 | 25 | 98.2% |
| Aug 2025 | 4 | Not enough leases this month to report a median | |||
| Jul 2025 | 1 | Not enough leases this month to report a median | |||
| Jun 2025 | 2 | Not enough leases this month to report a median | |||
| Apr 2025 | 1 | Not enough leases this month to report a median | |||
| Mar 2025 | 2 | Not enough leases this month to report a median | |||
| Feb 2025 | 4 | Not enough leases this month to report a median | |||
| Jan 2025 | 4 | Not enough leases this month to report a median | |||
| Dec 2024 | 2 | Not enough leases this month to report a median | |||
| Nov 2024 | 4 | Not enough leases this month to report a median | |||
| Oct 2024 | 4 | Not enough leases this month to report a median | |||
| Aug 2024 | 6 | $2,825 | $2,488 – $3,125 | 26 | 100.0% |
| Jul 2024 | 1 | Not enough leases this month to report a median | |||
| Jun 2024 | 4 | Not enough leases this month to report a median | |||
| May 2024 | 6 | $3,000 | $2,825 – $3,100 | 42 | 100.0% |
| Apr 2024 | 1 | Not enough leases this month to report a median | |||
| Mar 2024 | 1 | Not enough leases this month to report a median | |||
| Jan 2024 | 1 | Not enough leases this month to report a median | |||
| Dec 2023 | 2 | Not enough leases this month to report a median | |||
| Nov 2023 | 1 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
28 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Preston Heights
How much does a home cost in Preston Heights?
Homes in Preston Heights sold for a median of $702,944 over the 12 months to September 2026, across 18 closed sales — half sold for more and half for less. That is 0.3% higher than the 12 months before it.
How long does it take to sell a home in Preston Heights?
A home in Preston Heights took a median of 39 days on the market over the 12 months to September 2026. Homes there closed at 97.6% of the asking price on average, with 11.1% selling over asking.
How much is rent in Preston Heights?
The median lease in Preston Heights closed at $2,584 a month over the 12 months to September 2026, across 40 leases.
Is it cheaper to rent or buy in Preston Heights?
A home in Preston Heights costs about 22.7 years of the rent on one — the median price of $702,944 against a median rent of $2,584 a month, a gross yield of 4.41%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Preston Heights 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 home. Not an appraisal or an opinion of value.