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May 2026 · Cambridge
Average Rent in Cambridge — May 2026
46 confirmed residential leases in Cambridge in May 2026. Average rent $2,449/month. Mixed conditions across property types.
Avg Lease Price $2,449/mo
Median Lease $2,500/mo
Avg Asking $2,479/mo
Lease / Ask 98.8%
Leased Over Asking 13%
Avg DOM 38 days
Previous Months
Total Leased
46
all residential
Avg Lease Price
$2,449
per month
Median Lease
$2,500
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
13%
of all leases
Avg DOM
38
days on market
Lease Prices by Property Type
Cambridge · May 2026
💰 Lease Price Summary
Average Lease $2,449/mo
Median Lease $2,500/mo
Avg Asking Rent $2,479/mo
Lowest Lease $1,400
Highest Lease $3,750
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 13.0%
Leased at asking 52.2%
Leased under asking 34.8%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 13% over vs 34.8% under asking.
💰 Lease Price Summary
Average Lease $2,177/mo
Median Lease $2,150/mo
Avg Asking Rent $2,200/mo
Lowest Lease $1,900
Highest Lease $2,800
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 18.2%
Leased at asking 54.5%
Leased under asking 27.3%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 18.2% over vs 27.3% under asking.
💰 Lease Price Summary
Average Lease $2,696/mo
Median Lease $2,700/mo
Avg Asking Rent $2,746/mo
Lowest Lease $1,600
Highest Lease $3,750
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 60.0%
Leased under asking 40.0%
Avg Days on Market 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40% under asking.
💰 Lease Price Summary
Average Lease $2,423/mo
Median Lease $2,500/mo
Avg Asking Rent $2,436/mo
Lowest Lease $1,750
Highest Lease $2,850
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 52.0%
Leased under asking 28.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 28% under asking.
💰 Lease Price Summary
Average Lease $1,750/mo
Median Lease $1,850/mo
Avg Asking Rent $1,766/mo
Lowest Lease $1,400
Highest Lease $2,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 33.3%
Leased under asking 33.3%
Avg Days on Market 85 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 33.3% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Kitchener | $2,204 | $2,200 | 98.6% | 30d | ⚖️ Balanced |
| Waterloo | $2,318 | $2,075 | 100.3% | 34d | ⚖️ Balanced |
| Guelph | $2,559 | $2,450 | 99.0% | 29d | ⚖️ Balanced |
| Hamilton | $2,436 | $2,300 | 99.5% | 36d | ⚖️ Balanced |
| North Dumfries | $2,600 | $2,700 | 100.3% | 22d | ⚖️ Balanced |
Frequently Asked Questions
Cambridge · May 2026
The average confirmed lease in Cambridge was $2,449/month in May 2026,
based on 46 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,177/mo, freehold averaged $2,696/mo, and townhouses averaged $2,423/mo.
Units in Cambridge took an average of 38 days to lease in May 2026.
Freehold rentals averaged 27 days while condos averaged 42 days.
In May 2026, condos averaged $2,177/month while freehold rentals averaged $2,696/month —
a difference of $519/month.
Cambridge averaged $2,449/month in May 2026. Guelph averaged $2,559/mo. Hamilton averaged $2,436/mo. See the full May 2026 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.
