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August 2025 · Cambridge
Average Rent in Cambridge — August 2025
56 confirmed residential leases in Cambridge in August 2025. Average rent $2,584/month. Mixed conditions across property types.
Avg Lease Price $2,584/mo
Median Lease $2,650/mo
Avg Asking $2,603/mo
Lease / Ask 99.3%
Leased Over Asking 8.9%
Avg DOM 53 days
Total Leased
56
all residential
Avg Lease Price
$2,584
per month
Median Lease
$2,650
mid-point
Lease / Ask
99.3%
avg ratio
Over Asking
8.9%
of all leases
Avg DOM
53
days on market
Lease Prices by Property Type
Cambridge · August 2025
💰 Lease Price Summary
Average Lease $2,584/mo
Median Lease $2,650/mo
Avg Asking Rent $2,603/mo
Lowest Lease $1,300
Highest Lease $4,250
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 8.9%
Leased at asking 57.1%
Leased under asking 33.9%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.9% over vs 33.9% under asking.
💰 Lease Price Summary
Average Lease $2,314/mo
Median Lease $2,250/mo
Avg Asking Rent $2,356/mo
Lowest Lease $1,600
Highest Lease $2,900
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 42.9%
Leased under asking 50.0%
Avg Days on Market 42 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 42 days on market.
💰 Lease Price Summary
Average Lease $2,858/mo
Median Lease $2,850/mo
Avg Asking Rent $2,864/mo
Lowest Lease $1,600
Highest Lease $4,250
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 59.3%
Leased under asking 29.6%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 29.6% under asking.
💰 Lease Price Summary
Average Lease $2,571/mo
Median Lease $2,650/mo
Avg Asking Rent $2,602/mo
Lowest Lease $2,150
Highest Lease $2,900
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 62.5%
Leased under asking 37.5%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 37.5% under asking.
💰 Lease Price Summary
Average Lease $1,806/mo
Median Lease $1,800/mo
Avg Asking Rent $1,832/mo
Lowest Lease $1,300
Highest Lease $2,250
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 16.7%
Leased at asking 66.7%
Leased under asking 16.7%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.7% over vs 16.7% under asking.
Nearby Cities · August 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,287 | $2,150 | 99.2% | 51d | ⚖️ Balanced |
| Waterloo | $2,291 | $2,200 | 98.6% | 61d | ⚖️ Balanced |
| Guelph | $2,641 | $2,500 | 99.4% | 49d | ⚖️ Balanced |
| Hamilton | $2,326 | $2,160 | 99.5% | 50d | ⚖️ Balanced |
| North Dumfries | $2,950 | $3,000 | 97.3% | 31d | ⚖️ Balanced |
Frequently Asked Questions
Cambridge · August 2025
The average confirmed lease in Cambridge was $2,584/month in August 2025,
based on 56 MLS® transactions. The median was
$2,650/month.
Condos averaged $2,314/mo, freehold averaged $2,858/mo, and townhouses averaged $2,571/mo.
Units in Cambridge took an average of 53 days to lease in August 2025.
Freehold rentals averaged 64 days while condos averaged 42 days.
In August 2025, condos averaged $2,314/month while freehold rentals averaged $2,858/month —
a difference of $544/month.
Cambridge averaged $2,584/month in August 2025. Guelph averaged $2,641/mo. Hamilton averaged $2,326/mo. See the full August 2025 Ontario lease summary →
Looking to rent in Cambridge?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Cambridge, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
