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May 2025 · Cambridge
Average Rent in Cambridge — May 2025
39 confirmed residential leases in Cambridge in May 2025. Average rent $2,537/month. Mixed conditions across property types.
Avg Lease Price $2,537/mo
Median Lease $2,600/mo
Avg Asking $2,569/mo
Lease / Ask 98.8%
Leased Over Asking 5.1%
Avg DOM 49 days
Total Leased
39
all residential
Avg Lease Price
$2,537
per month
Median Lease
$2,600
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
5.1%
of all leases
Avg DOM
49
days on market
Lease Prices by Property Type
Cambridge · May 2025
💰 Lease Price Summary
Average Lease $2,537/mo
Median Lease $2,600/mo
Avg Asking Rent $2,569/mo
Lowest Lease $1,400
Highest Lease $3,500
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 5.1%
Leased at asking 66.7%
Leased under asking 28.2%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.1% over vs 28.2% under asking.
💰 Lease Price Summary
Average Lease $2,450/mo
Median Lease $2,400/mo
Avg Asking Rent $2,471/mo
Lowest Lease $2,100
Highest Lease $2,900
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 57.1%
Leased under asking 28.6%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,590/mo
Median Lease $2,950/mo
Avg Asking Rent $2,615/mo
Lowest Lease $1,400
Highest Lease $3,500
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 6.3%
Leased at asking 81.3%
Leased under asking 12.5%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.3% over vs 12.5% under asking.
💰 Lease Price Summary
Average Lease $2,616/mo
Median Lease $2,650/mo
Avg Asking Rent $2,650/mo
Lowest Lease $2,100
Highest Lease $3,300
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 6.3%
Leased at asking 50.0%
Leased under asking 43.8%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.3% over vs 43.8% under asking.
💰 Lease Price Summary
Average Lease $1,780/mo
Median Lease $1,650/mo
Avg Asking Rent $1,847/mo
Lowest Lease $1,490
Highest Lease $2,200
Lease / Ask Ratio 96.4%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,294 | $2,200 | 98.7% | 47d | ⚖️ Balanced |
| Waterloo | $2,374 | $2,300 | 98.9% | 62d | ⚖️ Balanced |
| Guelph | $2,490 | $2,350 | 99.7% | 59d | ⚖️ Balanced |
| Hamilton | $2,529 | $2,400 | 100.2% | 58d | ⚖️ Balanced |
| North Dumfries | $2,873 | $2,900 | 99.1% | 71d | ⚖️ Balanced |
Frequently Asked Questions
Cambridge · May 2025
The average confirmed lease in Cambridge was $2,537/month in May 2025,
based on 39 MLS® transactions. The median was
$2,600/month.
Condos averaged $2,450/mo, freehold averaged $2,590/mo, and townhouses averaged $2,616/mo.
Units in Cambridge took an average of 49 days to lease in May 2025.
Freehold rentals averaged 40 days while condos averaged 66 days.
In May 2025, condos averaged $2,450/month while freehold rentals averaged $2,590/month —
a difference of $140/month.
Cambridge averaged $2,537/month in May 2025. North Dumfries averaged $2,873/mo. Hamilton averaged $2,529/mo. See the full May 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.
