Rentometer, Inc. | Data as of 12/04/2025
Cambridge, Minnesota, offers a charming blend of small‑town friendliness and easy access to outdoor recreation, making it an appealing destination for renters seeking both convenience and community. Nestled along the banks of the Minnesota River, the city features scenic parks such as Cambridge City Park and easy routes to nearby lakes for boating and fishing. Its historic downtown boasts locally owned boutiques, cafés, and the popular Cambridge Cultural Center, while larger events at the Yellow Medicine County Fairgrounds draw visitors from across the region. Proximity to major highways and the Cambridge Regional Airport enhances connectivity for commuters and travelers alike.
The local rental market reflects a diverse range of housing options, from comfortable single‑family homes to modern apartment units across several neighborhoods, including the vibrant Riverfront District and the quieter residential areas surrounding the historic district. Studio apartments typically rent in the low $1000s, while one‑bedroom units are commonly found in the $1200‑$1300 range. Two‑bedroom apartments usually sit around the $1500 level, and spacious three‑bedroom rentals approach the $1900 mark, offering ample space for families or roommates. Whether you’re looking for a cozy studio steps from downtown dining or a larger home with a backyard near the river, Cambridge’s rental portfolio provides flexible choices that suit a variety of lifestyles and budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $991 | $1,065 | $704 - $1,205 | $704 - $1,205 |
| Apartment | 1 Bedroom | $1,245 | $1,310 | $889 - $1,560 | $1,193 - $1,345 |
| Apartment | 2 Bedroom | $1,515 | $1,515 | $875 - $1,960 | $1,450 - $1,620 |
| Apartment | 3 Bedroom | $1,921 | $1,780 | $1,465 - $2,445 | $1,740 - $2,227 |
In the current period, the average rent in Cambridge was
$991 for Studio,
$1,246 for 1 Bedroom,
$1,546 for 2 Bedroom, and
$2,024 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.