Apartments For Rent Cambridge - The Complete Renters Guide

Apartments For Rent Cambridge: Why Cambridge Is On the Map for Renters

Cambridge is no longer just “the city by the 401.” In recent years, it has emerged as one of Ontario’s most desirable mid-sized cities for renters. 

 

Whether it’s young families attracted by affordable homes, professionals commuting to the GTA, or students attending Conestoga College, more people are searching for apartments for rent in Cambridge than ever before.

 

With historic cores like Galt, family-friendly suburbs like Hespeler, and ongoing new developments, Cambridge offers a variety of rental options. 

 

The challenge? 

 

Demand is high, supply is tight, and the market moves fast. This guide will help you navigate the apartment rental scene in Cambridge so you can find the right place, in the right neighborhood, at the right budget.

Check out what is available for rent in Cambridge – CLICK HERE!

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Apartments For Rent Cambridge: Why Rent in Cambridge?

1. Affordability Compared to Nearby Cities

 

Compared to Guelph or Waterloo, Cambridge often comes in slightly cheaper for apartments of the same size. A two-bedroom unit in Cambridge can be $100–$200 less than in Guelph, making it appealing to renters watching their budget.

 2. Commuter-Friendly Location

Cambridge is a hotspot for commuters thanks to its quick access to Highway 401. Many professionals working in Mississauga, Milton, or even Toronto choose to rent in Cambridge for the balance of affordability and accessibility.

3. Unique Lifestyle Blend

Cambridge is a city of contrasts: historic limestone buildings in Downtown Galt, riverside trails and conservation areas, and suburban-style developments in Hespeler and South Cambridge. It’s a place where renters can enjoy both charm and convenience.

4. Education & Employment

With Conestoga College’s Cambridge campus and growing manufacturing, healthcare, and retail sectors, there’s a consistent flow of renters who need quality housing.

Apartments For Rent Cambridge: Types Of Apartments

When browsing listings for apartments for rent in Cambridge, you’ll see a mix of old and new. Here are the main categories:

 

1. High-Rise Apartments

Most high-rises are concentrated in downtown Galt and along major roads like Hespeler Road. These buildings often include parking, elevators, and some utilities.

2. Condo Apartments

Condo rentals are growing in Cambridge as more new developments come online. These units offer modern finishes, open-concept layouts, and shared amenities like gyms or party rooms. They’re especially common in Hespeler and South Cambridge.

3. Low-Rise & Walk-Ups

These older buildings are scattered through Preston and parts of Galt. They may not have the flash of new condos, but they tend to be more affordable.

4. Basement Apartments

A staple in Cambridge, basement units are often found in single-family homes, especially in suburban neighborhoods. They’re budget-friendly and popular with students or single renters.

5. Townhome-Style Apartments

These multi-level rentals combine apartment convenience with home-like space. Found mainly in newer subdivisions, they’re ideal for small families.

Apartments For Rent Cambridge: Best Areas for Renters in Cambridge

Cambridge has four distinct communities, each with a different rental character:

  • Downtown Galt – Historic charm, riverside living, close to shops and restaurants. Apartments here are walkable but parking can be limited.

  • Hespeler – Popular with commuters. New builds, modern condos, and easy 401 access make it attractive to young professionals.

  • Preston – More affordable rental options, with a mix of walk-ups, duplexes, and basement apartments.

  • South Cambridge – Newer suburban-style apartments and townhome rentals, ideal for families looking for space.

Apartments For Rent Cambridge: Tips for Finding Apartments in Cambridge

  • Move Fast – Rentals, especially well-priced two-bedrooms, can be gone in under 48 hours.

  • Have Documents Ready – Landlords expect a completed application, proof of income, credit report, and references.

  • Budget for Utilities – Many Cambridge rentals don’t include hydro or internet.

  • Check Parking – Downtown units may have limited or paid parking.

  • Work with a Local Realtor – This speeds up your search and helps you avoid scams.

Apartments For Rent Cambridge: Frequently Asked Questions About Renting in Cambridge

Yes. Cambridge rents are generally $100–$200 less than Guelph and slightly cheaper than Kitchener.

Yes, but it varies. Many landlords allow pets, though condos may have restrictions.

Standard requirements include photo ID, employment verification, recent pay stubs, credit report, and references.

In older buildings, heat and water may be included. In newer condos, tenants usually pay hydro separately.

Absolutely. Hespeler is particularly popular for its quick access to Highway 401.

Competitive. Students often share apartments or rent basement units near campus.

It depends on the neighborhood. Downtown Galt is more walkable, but most areas are car-dependent.

Like any city, some areas are busier than others, but overall Cambridge is considered safe. Nighttime noise or parking can be an issue in downtown areas.

Well-priced units can be gone in a couple of days. Having your documents ready to apply makes a huge difference.

Apartments For Rent Cambridge: Ready to Find Apartments for Rent in Cambridge?

The Cambridge rental market is competitive but full of opportunity. 

 

With its mix of affordability, commuter access, and growing lifestyle appeal, it’s no wonder more people are calling the city home.

 

If you’re ready to start your search, the best way is to get matched with listings that actually fit your needs.

 

 

👉 Use our Get Matched Form. Filling it out takes just a few minutes and really helps us speed up your search. The more we know about your budget, timeline, and preferences, the faster we can connect you with the right apartments in Cambridge.

Get Matched Form

🚦 Before You Begin

To be matched with current rental listings, most landlords require:

    • 📈 A credit score of 650+
    • 💼 Steady and verifiable employment
    • 💰 First & Last months rent for a deposit

    Please confirm below before continuing with this form.

    Ontario, Canada Only
    Name
    What Is Your Timeline?
    Knowing how soon you want/need to move will help me identify how urgently we need to get to work.
    What Is Your Monthly Rent Budget?
    Knowing your maximum monthly budget will help ensure that we match you to homes that are within your budget.
    What Type of Home Are You Looking For?
    Please select the type of home that you would ideally like to live in - Please check as many that apply.
    Please enter the number of people that will be living at the home.
    How Many Bedrooms Are Needed?
    Please enter the MINIMUM number of bedrooms that will be needed for your ideal home.
    How Many Full Bathrooms Are Needed?
    Please enter the MINIMUM number of bathrooms that are needed for your ideal home.
    How Many Cars Do You Need Parking For?
    Please let me know how many cars that you will need parking for.
    Do You Have Any Pets?
    Please let me know if you have any pets.
    What Is Your Current Employment Status?
    Knowing your employment status is hugely important as this directly impacts your ability to successfully secure a rental property.
    This is for everyone that will be on the Lease Agreement. This should be the total amount that is earned before any taxes.
    I understand that I will need to provide proof of income (paystubs and a letter of employment) and that will form part of my application for a rental property.
    Do You Have The First And Last Months Rent For The Deposit?
    For any application we make, you will need to have the first and last months rent ready to go as a deposit. Once a rental application is accepted, you will have one business day to make the deposit.
    What Is Your Credit Score?
    We require a minimum Credit Score of 650 to be able to work together.
    You will need a full credit report for your rental application. You can obtain one from: Equifax Canada or TransUnion Canada Many banks also provide credit scores through online banking, but for a full report, Equifax or TransUnion is recommended.
    Can You Provide The Following References?
    The more references that you can provide will help us build out a much fuller application package - This may seem like overkill but in a competitive market for an amazing home, it can make all the difference. Select all that apply.
    What Happens Next: Once the form has been submitted, it will be reviewed and the next steps will be communicated within 24hrs via email.
    Important Note: Please note that while we will try our best to find and secure your ideal home, there may be circumstances that may prevent us from being able to work together. These include but are not limited to, unsuitable credit scores, unemployment, inadequate income and/or availability of suitable rentals.
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