Rentometer, Inc. | Data as of 10/22/2025
Cambridge, Minnesota offers a diverse rental landscape that blends historic charm with modern convenience, making it an appealing destination for both students and professionals. The city’s compact downtown is anchored by the iconic Cambridge City Hall and the vibrant College Avenue corridor, where coffee shops, boutiques, and cultural venues create a lively atmosphere. Residents enjoy easy access to the beautiful Camillia Lake and the expansive Mille Lacs Lake shoreline, providing ample outdoor recreation opportunities such as boating, fishing, and hiking along the scenic trail system. These amenities contribute to a strong demand for rental homes and apartments that cater to a range of lifestyles.
The local rental market reflects a healthy mix of housing options. Studio apartments are typically found in the $1,000 range, while one‑bedroom units often sit in the $1,200‑$1,300 bracket, offering comfortable space for individuals or couples. Families looking for additional room can choose from two‑bedroom apartments averaging around $1,500, or larger three‑bedroom units that trend toward the $1,800‑$2,000 range. For those preferring a standalone residence, three‑bedroom houses commonly fall within a similar upper tier, providing extra privacy and yard space. Neighborhoods such as East Ridge and Riverfront are especially popular for their quiet streets and proximity to schools, parks, and the historic downtown core. Whether you’re seeking a modern apartment steps from local eateries or a spacious house near family‑friendly amenities, Cambridge’s rental market delivers a well‑rounded selection that meets a variety of needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $991 | $1,065 | $704 - $1,205 | $704 - $1,205 |
| Apartment | 1 Bedroom | $1,266 | $1,320 | $889 - $1,560 | $1,195 - $1,345 |
| Apartment | 2 Bedroom | $1,510 | $1,505 | $875 - $1,960 | $1,400 - $1,620 |
| Apartment | 3 Bedroom | $1,921 | $1,780 | $1,465 - $2,445 | $1,740 - $2,227 |
| House | 3 Bedroom | $2,064 | $1,935 | $1,869 - $2,460 | $1,896 - $2,160 |
In the current period, the average rent in Cambridge was
$991 for Studio,
$1,266 for 1 Bedroom,
$1,540 for 2 Bedroom, and
$1,972 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.