Cambridge, MN Rental Market Trends
Highlights
The average rent for an apartment in Cambridge is $863, a 2% increase compared to the previous year, when the average rent was $846.
Average Rent in Cambridge, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $863 | 2% | 644 sq. ft. |
The average size for a Cambridge, MN apartment is 644 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Cambridge, MN Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
1,429 or 43% of the households in Cambridge, MN are renter-occupied while 1,841 or 56% are owner-occupied.
Cambridge, MN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cambridge, MN | $788 | $780 | $815 | $816 | $824 | $824 | $846 | $835 | $858 | $863 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Cambridge Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,593 | 3% |
| St. Paul | $1,297 | 4% |
| St. Louis Park | $1,622 | 4% |
| Bloomington | $1,448 | 5% |
| Edina | $1,509 | 5% |
| Cambridge | $863 | 2% |
For more information about the Cambridge rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!